Winnipeg Free Press Newspaper Archives Nov 19 1970, Page 38

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Winnipeg Free Press (Newspaper) - November 19, 1970, Winnipeg, Manitoba38 Winn Pic free pass. Thursday november 19, 1970 new takeovers in Zambia Complete economic revolution by Martin Meredith Lusaka special owns president Kenneth Kaunda has now completed what he terms Zambia s economic revolution by announcing a takeover of Banks building societies insurance business and six More foreign companies. Within a period of two and a half years his economic measures have Given zambians control of All Large Industrial commercial and financial enterprises in the country previously owned Al most entirely by foreign Compa Nies and expatriates. Kaunda s latest takeover announcement will be his last for there is now no significant part of the country s Economy which zambians do not control. This completes our economic he told members of his ruling United National in dependence party. Now Zam Bia is Ola s and More and More wealth is ours too. To Many enterprising zambians now the sky is the or. Kaunda s measures rep resent a major political Victory in Zambia and also Mark growing Confidence in the pres ident that he can Deal with Large International business concerns on his own terms. When he announced his first measures in april 1968, which included the takeover of 25 foreign companies Kaunda maintained that he had no in t e n t i o n of nationalizing the foreign owned Copper mines that account for 97 per cent of Are big he Zambia s exports. The Copper mines business too big for said. But it was Only 16 months later that or. Kaunda decided to tackle them and the result has been a smooth transition to government control. The state s investments Are now grouped into three Corpora Lions min Deco which con Rols 51 per cent of the Copper mines with assets of Mil Ion i Deco which controls a whole Range of secondary industries with assets of million and a new Organiza Tion find eco which will operate the state s newly acquired financial investments. Or. Kaunda is concerned that his economic reforms do not Lead to the emergence of a new class of zambian business tycoon who might take Over As he expatriate trading operations Are phased out most of them by the end of 1971. Or. Kaunda wants to ensure that expatriate capitalism is re placed by zambian capitalism and he has warned business men who attempt to take too much advantage of the opportunities now offered that he will curb their enterprises. When a zambian business reaches a certain size the government will step in to arrange some form of worker participation. Or. Kaunda is also work no on plans to establish worker participation in All state con rolled enterprises including the giant Copper mines. In addition a new code of leadership has been adopted by the ruling United National in dependence party to prevent the emergence of a Rich Zam Bian elite within the govern ment the civil service and unit. According to the code no unit Leader or senior Public servant this includes members of parliament senior officials or Para state organizations and wives or husbands of Middle rank civil servants May hold directorships or shares in any private company or undertake any. Individual business venture. However Zambia s ruling politicians and civil servants have not been noted for the Way in which they have been prepared to give up their affluent Way of life and or. Kaunda m a y have considerable difficulty in getting the country s leaders to pay More than lip service to his proposals. Simpsons Sears for Holiday dressing the prettiest in Pant looks Pant looks that bring Pride and elegance to social soirees. Absolute femininity present in their styling and luxury fabrics. Plush velvet supple polyester elegant crepe and glittering Lurex. Our newest fashion arrivals for your happiest of holidays personal shopping Only of Thioni div. 31, main floor 6 Garden Cir Beautiful bras of Nylon crepe set Only 3 .99 Light shaping for the natural look under cling things comfortable stretch Nylon Tricot sides and Back. White Ecru 32-36 a. 32-38 b.34 38 c. Not exactly Asil lust rated. Comfortable new body suits 5 Only .99 All in one body Brief in Silky Satin Lycra has Nylon Tricot Bra with Light fiber fill padding. Adjust Able straps grip leg band Hook Crotch Clos ing. Champagne Colour sires 32-36 a 34-36 c. Lace and Lycra push. Up bras Only 3 .99 All lace cups Frame with gentle under wiring. Back adjustment on straps natural foam padding. White or Ecru. Sizes 34-36 a 32-36 a 32-36 c firm control Pantie girdles Only v 5 .99 double panels slim hips thighs derriere. Sheet lined Ace Rummy panel Nylon Tricot Crotch. Avail Able with or without garters. White or Ecru m. A Al we. Is. Hot for cd tent if 1 pc v All items available at Polo Park and Garden City styled to please her priced to please you the Holiday Cardigan in double knits Only there s More than one Way to a woman s heart Here Are three for a Start and there Are Many More cuddly double knits where these came from. A desirable for gift i veg in colours that can outshine any Christmas tree. Red beige Pink Navy Yel Low Lilac Brown or Snow White. Sizes so a personal shopping Only Katf

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