Continued from Page A6 province experience an economic downtum. After much deliberation it was determined that the book value of the account would be maintained at $1 billion. Therefore, if the account exceeded that amount in any given year the extra money would be taken out and used to enhance government programs, which is what happened this year when the account reached $1.6 billion. Money sitting in a bank account “@ is going to earn anywhere from six to 11 per cent interest depending on the type of account. In the meantime the government is pay- ing off its debts at 16 or 17 per cent interest and forsaking other investment options. Therefore to maximize the Tetum on our billion dollar saving account we do not keep it sitting in the bank. Instead we use it to pay off debts and make it work for you. However, if it “starts to rain’ we can call the money back into the =. account and use it to help us through a recession or economic downturn and avoid a “book account” deficit. we As for Mr. Beyer’s conclusions regarding the Peat Marwick Report, I would like to comment that a letter was sent to Mr. Harcourt from Hugh Gordon, the Peat Marwick tax specialist, expressing concerns about Mr. Harcourt taking comments from the Peat Marwick report out of context. Mr. Beyer obviously did not bother to address this fact, or the fact that the Association of Chartered Accounts have endorsed and praised the recent budget. 4g. Being Minister of Finance is not a popular job and I will accept criticism for decisions I make. However I do not accept an inac- ~f-curate teporting of the facts and E one-sided media lynching. As a final comment I would like readers to note that Mr. Beyer did not contact me or my office for any @mment or clarification before writing his column. Mel Couvelier, MLA Saanich & The Islands Minister of Finance Last year’s party « forever in mind Editor: My letter deals with the after graduation celebration for the Parkland 1990 grad class. First I would like to say something which I feel has not been said by anyone in past letters about graduation. * | would like to congratulate the Parkland graduates of 1990 for working very hard to reach such an important goal in their lives. It seems that instead of being com- mended for their achievement, they are being called ignorant, irresponsible, disrespectful, imma- -$ ture, old fashioned and alcoholics just for wanting a traditional after- grad celebration. I took these --words from two letters that were written in the May 23rd edition of The Review, and I will be referring to them again in my letter. I cannot believe what these people are saying about the pre- sent and even past graduating classes. I find these comments offensive as I graduated two years ago and was present at last year’s after-grad celebration. I cannot understand how some people can comment so harshly about the negatives of a traditional after- grad celebration when they have never themselves attended one. Another comment that was writ- ten in last week’s Review that Stated that people can have fun without alcohol, is absolutely true. I also must comment that at my after-grad celebration there were students who drank a lot of alco- hol and there were students who did not drink at all, and I can honestly say that at least 95 per cent of my graduating class had a great time. I, myself, had the most fun that I have ever had and will remember it for as long as I live. Another comment was about two Sidney parties that had gotten out of hand and the letter writer compared these parties to an after- grad celebration. This is abso- lutely incorect as private parties and after-grad celebrations are two totally different functions with very different atmospheres. I believe that the letter writer should not always believe what they read (even though they quote dictionaries). This same writer also instructed the Parkland grad class to “stand before your peers and make your own decisions”’ and then the writer contradicts this Continued on Page A15 SHARPENING SERVICE Knives, Shears, Scissors Rotary Lawnmower, Blades We repair: Small Elec. Hand Tools Small Appliances SPECIAL Complete Bisyala es 1 O° | 21 Point “Brentwood Cycle 652-5614 Gy 7115 A W. Saanich Rd. Brentwood TheReview Wednesday, May 30, 1990 — A13 = T GET CAUGHT WITH : OUT OF DATE TRAVEL “i ORMATION! Travel Guides Maps Language apes Phrase Books Yar Me GST. 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