1977

3rd February, 1977: Parsky and Colby close down the Brierley/Jones Investment funnel and open up seperate channels for Brierley and Jones.  Jones will be supplied with 'laundered' funds via Sydney branch of the Nugan Hand Bank, while for Ron Brierley, Gerald Parsky uses Myron Du Bain, Director of United California Bank and also chairman and president of the US Firemen's Fund, which are the largest stockholders in National Insurance (NZ). Funds to be 'laundered' via Chase Manhattan Bank through National Insurance to City Realty and via United California Bank through COMPAC (New Hebrides) to National Insurance and City Realties.

To expand the Bierley/I.E.L. 'front', Parsky establishes Industrial Equity Pacific (Hong Kong).

September 1977: Brierley's new holding company begins operations - A.B.  Consolidated. H.W. Revell appointed Deputy Chairman and B. Hancox General Manager, while newly-appointed directors include S. Cushing, B. Judge, O. Gunn and P. Goodman, linked with Renouf, Fletcher and Papps through I.E.L./N.Z.U.C.

• Strategy: To target and divide key sectors of the economy for takeover, exploitation and monopolisation. Operations to extend to use Hong Kong facility, I.E.P. Fletchers to extend the Khashoggi/Rockefeller Travelodge operation by taking holdings in Vacation Hotels and Intercontinental Properties (Renouf Chairman).

October, 1977: Muldoon and John Todd - Shell/BP/Todd - sign an agreement.  NZ Govt would take 24.5% holding in the Great South Basin for $1.65 Billion. Hunt would reduce his holding from 45.5% to 27.5% and Arco would sell its 6.5%.

• Reason: Hunt did not possess the technology to pump oil from deep water; Gulf possessed the technology but did not tell Hunt. Arco was not told anything and were swindled out of its 6.5% concession.

November, 1977: Muldoon introduces the S.I.S Amendment Bill, designed to keep the economy free of obstruction and to help uncover obstructive elements. Telephone taps, mail tampering and other surveillance methods approved after CIA input on contents of legislation.

Late 1977: Muldoon travels to the US to meet top Rockefeller officials, including Trilateralists' Deputy Secretary of State, Warren Christopher, and Richard Bolbrooke, who were in charge of the new "South Pacific Desk" at the State Department established by Rockefeller to target exploitatin of both New Zealand and Australia. In Los Angeles, Muldoon meets top Rockefeller officials, Robert Anderson (Rockwell Chairman, also Director of Kashoggi's Security Pacific National Bank) and P. Larkin (Rockwell Director, also Chairman, Executive Committee Security Pacific National Bank and Director of Marac).