Young Jonathan: Supplementary Estimates — Imprest Supply DebateText is incorporated into the Bound VolumeYoung Jonathan: Supplementary Estimates — Imprest Supply Debate[Sitting date: 24 June 2014. Volume:699;Page:18826. Text is incorporated into the Bound Volume.]JONATHAN YOUNG (National—New Plymouth):I would like to address just a couple of comments of the previous speaker Andrew Little. Yes indeed we have known some difficult times for some of our engineering companies in New Plymouth and North Taranaki. The day that I received a phone call at 8 a.m. from Fitzroy Yachts I was down there at lunchtime with the Ministry of Social Development. I was told that the Amalgamated Engineering Printing and Manufacturing Union representative would be there by the end of the week and he did not show up.Hon Member: Rubbish!JONATHAN YOUNG: He did not show up. There were only two union members there. I wonder whether that had anything to do with it. But that previous speaker needs to know that this Government cares for workers that this Government is there supporting workers in all sorts of different ways—Hon Members: Ha ha!JONATHAN YOUNG: —that this Government is there supporting workers in all sorts of different ways. They can laugh they can throw it back but I was there and their representative was not. You know that is true.It is obvious that Taranaki a region that has led GDP per capita is a region that has done that on the strength of its dairying and its agriculture and on the strength of its petroleum exploration and production. I think what the people of Taranaki know and understand is that a Labour-Green coalition Government would bring a recession to our region like none other because what it would do is it would stop any new exploration offshore. That is what we have heard today from Russel Norman. We have heard it day after day week after week. That is what it would stop. I know—and probably most of the members on the other side do not—that unless an exploration company can continue to find resource then it is in a diminishing market and there is a continual need to replace what it produces and what it sells.What we would find as the Green Party putting pressure on the Labour Party started to bring an end to petroleum exploration and production in Taranaki is that confidence in our region would evaporate.We would find that the engineering companies that have supported those industries would have zero confidence that a Labour-Green coalition Government would be able to support their industries. All the talk all the rhetoric about being the worker’s party would be brought to nothing because of those policies that they would push. What we would see is that the most productive region which by the way has a beautiful pristine environment that we love and care for would go into recession and go into high unemployment. Labour members sit there and they scoff and they laugh at that. It shows how much they really care—it really does. It shows that they are indifferent to the mums and the dads the kids and the employment prospects of young people in the region that I call home and obviously they do not.We need to understand that this Government the National-led Government holds the balance well and right. We want to see economic growth and development but at the same time we also protect our environment. We protect the way of life of New Zealanders which is not only about enjoying the environment but also about having a quality of life that they can afford. This means operations it means good schools it means that we have good roads and it means—Minister Brownlee a week ago released the Government policy statement on transport—that we invest in our network for years to come to ensure that we are able to build the export quantity and volume that we can get to the world. Everything that we have in Taranaki everything that we sell from it goes either on a road or out through the port. We know that transport infrastructure is important. We know that this Government is working very hard to ensure that we can do that.I just want to say that a number of measures that we have put in place for a particularly important sector which is the start-up sector around innovation have been released in our Budget 2014. What we see is that for many companies that are start-up companies which spend a lot on research and development it takes quite a while sometimes years before they come into profit. During that period of time they are obviously expending their resources. They are developing a great tax loss which they cannot recover until they come into profit to write off their loss. What this Government is doing is enabling them to cash out their tax losses so that at 28c in the dollar in the first year they can claim back from $500000 an amount of $140000 and it brings the cash flow back into that start-up company. Today as I was talking to some of these men and women involved in that they said that cash is king. This is what they need. We are a nation that knows how to innovate and we want to support this sector. We want to ensure that we are not just working harder but working smarter. This Government is putting plans and policies into place which I believe this country understands and accepts and embraces. Thank you.