1978

April, 1978: Muldoon sets up Petrocorp. New Zealand taxpayers pay for the exploration costs but the oil companies control all distribution outlets.  Muldoon blocks development of Maui B as restructured supplies mean higher prices and bigger profits for Shell/BP/Todd. South Island gas market not developed as Great South Basin fields closer than Kapuni. Plans develop for re-opening of National Parks for mineral exploitation.

22nd July, 1978: Director of Australian Federal Bureau of Narcotics suspends his investigation into the Nugan Hand Bank after pressure from the CIA and Australian politicians controlled by Mafia, particularly Malcolm Fraser.

Brierly's declared assets reach $200 million, with shareholders' funds only $17 million.