CONFIDENTIAL

032257

MDADA 8653

UNAVAILABLE AND THE NOMINAL SHAREHOLDERS HAVE BEEN TOLD TO SAY NOTHING. THE CONSULATE HAVE ASKED IF WE CAN PERSUADE PAN OR ANOTHER COMPANY REPRESENTATIVE TO TALK TO THEM BUT ACCEPT THIS WOULD BE DIFFICULT FOR US.

6.

THE JAPANESE HAVE ALSO APPARENTLY OBTAINED A COPY OF THE CONTRACT. ON THE RUSSIAN SIDE IT IS SIGNED BY THE MAYOR OF THE TOWN INVOLVED AND ON THE COMPANY SIDE BY A CHINESE RESIDENT OF JAPAN, WHO THEY NOW CANNOT LOCATE. ONE CAUSE OF ADDED SENSITIVITY IS THAT THE PARCEL OF LAND LEASED FOR DEVELOPMENT INCLUDES A

JAPANESE CEMETERY.

7. WE HAVE EXPLAINED TO THE JAPANESE THAT THE ONLY OTHER SOURCE OF INFORMATION HERE ON THE COMPANY WOULD BE THE INLAND REVENUE: BUT THE CONFIDENTIALITY OF ANYTHING THEY HAVE WILL BE PROTECTED BY LAW.

MACLEOD

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DISTRIBUTION

7

ADVANCE

76

G7 POLITICAL DIRECTORS

MR APPLEYARD

ERD//HD

FED//HD

HKD //HD

EASTERN D//HD

PLANNERS//MR CLARKE

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CONFIDENTIAL

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