1Highlights of the third day of the 1986 National Party Conference held in Auckland. This is the party's 50th anniversary, and Jim Bolger's first conference as National Party leader and it occurs at a time when the party is still struggling to establish its philosophical identity. Today the party paid tribute to its outgoing President Sue Wood, and elected Christchurch lawyer and businessman Neville Young as their new President. Analysis from political scientist Keith Jackson and political reporter Alastair Carthew.