Massey honours Bollard
Former Reserve Bank Governor Dr Alan Bollard's service to the New Zealand economy has been recognised with an honorary doctorate in commerce from Massey University.
Dr Bollard was capped alongside some 450 graduates celebrating at the second of yesterday's Palmerston North ceremonies
He quoted 19th century British literary great and one time visitor to our shores, Rudyard Kipling, after his honorary doctorate was conferred by former deputy Prime Minister Sir Michael Cullen.
Dr Bollard addressed Massey graduates at the Business School ceremony, characterising New Zealand's economy as one of the most remote in the world.
"That is why new Zealand has had to invest so much in agricultural science and technology . . . because that is what New Zealand needs to do to survive in the world," he said.
Dr Bollard stepped down from the Reserve Bank's helm in September. He took over the role from Don Brash in 2002, following roles as Treasury Secretary, and head of the Commerce Commission and the New Zealand Institute of Economic Research.
Former Labour Finance Minister Sir Michael praised Dr Bollard for his humour carrying out duties in the public eye, and noted his "prescience" in the early days of the global financial crisis.
"Dr Bollard is unique in our history and likely to remain so. All roles were difficult, all were intrinsically controversial and all were [performed] with aplomb."
Palmerston North social work pioneer and former city councillor Mervyn Hancock, 86, also received an honorary doctorate, recognising his work spearheading New Zealand's first bachelor of social work degree at Massey.
Dr Bollard will begin a new role as executive director of the Asia Pacific Economic Cooperation (Apec) secretariat in January.