Fordirinv Comm 1982

75
FOREIGN DIRECT INVESTMENT IN THE UNITED STATES 1982 Transactions U.S. DEPARTMENT OF COMMERCE International Trade Administration February 1984 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Transcript of Fordirinv Comm 1982

Page 1: Fordirinv Comm 1982

FOREIGN DIRECT INVESTMENT IN THE

UNITED STATES

1982 Transactions

U.S. D E P A R T M E N T O F C O M M E R C E International Trade Administration

February 1984

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Preface

This report covering 1982 is one of an annual series of publications on foreign direct investment transactions in the United States.These reports have been prepared by the Office of Trade and Investment Analysis and its predecessor units, the Office of International Investment and the Office of Foreign Investment in the United States.

The transactions listing in this publication ( arranged by primary industry of the U.S. compa foreign investors. (Real property investments separately). This contrasts with previous edi in which the transaction listing was arranged early 1984 the Office of Trade & Investment Ar publish a comprehensive set of listings of all identified during the period 1974-83. This li by source country, industry of U.S. company, i

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Table of Contents

Page

Introduction............................... ........................... 1

Overview of Foreign Direct Investmentin the United States, 1982........................................... 3

Investment by Source Country.........................................6

Investment by Industry................................................11

Mode of Investment Transaction.......................................16

Location of Investment by State......................................18

Major Sectoral Developments.......................................... 22

Pending Transactions.................... .............................39

Appendix A: Listing of Transactions by.............................^2Standard Industrial Classification (SIC)

Appendix B: Description of Key Terms............ ..................72

■L*.

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Introduction

The purpose of this report is to identify specific foreign direct investment transactions in the United States during 1982, analyze recent trends in such investment, and provide data and related information on significant transactions. The report incorporates information obtained as a result of responsibilities assigned to the Secretary of Commerce by Executive Order 11858, dated May 7, 1975. Specifically, the Secretary of Commerce is responsible for "the obtainment, consolidation, and analysis of information on foreign investment in the United States."

Foreign direct investment, as used in this report, means the direct or indirect ownership of 10 percent or more of the voting securities of an incorporated business enterprise, or an equivalent interest in an unincorporated business enterprise, and a 10 percent or more interest in real property transactions.

Transactions values, as used in this report, refer to the reported total cost of the investment — or the estimated proportion of the investment if a joint venture — regardless of the source or timing of funds. These values are intended to identify the relative size of various investments and, in the aggregate, indicate trends in investment activity.

The data and other information contained in this report represent a compilation and distillation of material available from generally available public sources, transaction participants, and miscellaneous contacts. A major portion of the data and information was derived from public secondary sources such as newspapers, magazines, and business and trade journals, as well as from the public files of Federal regulatory agencies.

The primary Federal agency sources for publicly available data are the Securities and Exchange Commission (SEC), the Federal Trade Commission (FTC), and the Federal Reserve Board (FRB). Much of the data obtained from Federal regulatory agencies originated from report series that differ widely in frequency and content. These reports are, in most cases, filed in response to the various agencies general regulatory responsibilities, rather than for the specific purpose of providing data on foreign investment. Other investment transaction and related data collected by the federal government are not available for this report. Much of this information is business confidential and is collected strictly to facilitate federal regulatory responsibilities or to provide aggregate data for macro-economic analysis purposes.

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It should be noted that the aggregate data in this report are not strictly comparable to the other major statistical series on foreign direct investment in the United States, published by the Commerce Department's Bureau of Economic Analysis (BEA). The BEA aggregate dollar value data on new investments, published annually since 1979, are based on individual firm responses to mandatory reporting requirements (including strict confidentiality provisions protecting the identity of individual reporters). These data are thus likely to provide more comprehensive coverage for the types of transactions included in BEA's reporting requirements. On the other hand, this report not only identifies individual transactions, but includes a broader range of investment transactions than the BEA data — particularly with regard to plant expansions, equity increases, and certain types of real estate investments. Consequently, the two data series should not be directly compared, although there has been significant correlation in the movement of the overall series over the last several years.

While every effort was made to verify the information obtained from public sources, the U.S. Department of Commerce is not responsible for any inaccuracies or gaps in information presented in this report. Transaction values for many investments are not publicly available. Nevertheless, experience has shown that value and other data for the large majority of major investments is identified in the monitoring process.

Copies of this report are available from the Office of Trade and Investment Analysis, Room 2217, International Trade Administration, U.S. Department of Commerce, Washington, D.C. 20230.

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Overview of Foreign Direct Investment in the United States, 1982

The Office of Trade and Investment Analysis (OTIA) identified from public sources 913 completed foreign investment transactions.Values were reported for 370 of these individual transactions, for a total of $13.9 billion. Appendix A contains a listing of all the transactions identified during 1982.

The 1982 number of completed transactions identified is 24 percent lower than the 1203 identified in 1981, and is the lowest total since 1978. The value of identified transactions was also lower — about half the 1981 total. As in earlier years, a few large transactions accounted for a substantial part of the total value, although there were no $1 billion or larger transactions as in some earlier years. In 1982, thirty-six transactions over 100 million each had a combined value of $8.0 billion, 64 percent of the total reported value. In 1981, just nine transactions with values over $500 million each combined for $11.6 billion, 43 percent of total reported value.

Related data published by the Department of Commerce's Bureau of Economic Analysis (BEA) confirm this falloff in investment activity. (See Introduction for discussion of differences between BEA data and that presented in this publication.) The BEA data show a decline in investment transactions from 1,332 in 1981 to 788 in 1982. The value of these BEA recorded transactions fell to $8.6 billion in 1982 from $23.2 billion in the previous years (see the June 1983 issue of the Survey of Current Business).

The decline in 1982 foreign direct investment in the United States was consistent with domestic and international economic trends during the year. Sluggish economic activity, coupled with significant idle industrial capacity, were major disincentives to new investment — both by domestic and foreign investors.Relatively high interest rates increased the attractiveness of investment in financial instruments versus direct investment, and substantially increased the costs of borrowing to finance new investment. Additionally, the strengthening of the dollar vis-a-vis other major currencies increased the foreign currency costs of foreign investments in the United States. These factors apparently lowered investments in the United States despite the depressed prices of equity shares and assets in U.S. firms resulting from the recession.

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NUMBER OF 1982 FOREIGN DIRECT INVESTMENTS IN THE UNITED STATES:

BY SOURCE COUNTRY DISTRIBUTION

Numbers are completed investments.

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VALUE OF 1982 FOREIGN DIRECT INVESTMENTS IN THE UNITED STATES:

BY SOURCE COUNTRY DISTRIBUTION

ALL OTHERS 17.9% $2490.8

U.

$411.4

FRANCE 3.34% $465.3

GERMANY, FR 5.17% $718.7

JAPAN 7.69% $1069.4

CANADA 28.31% $3938.3

NETHERLANDS 3.14% $437.4

SWITZERLAND 1.3% $180.4

Values are millions of U.S. dollars.

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Investment by Source Country

The major industrialized countries, traditionally the source of most direct investment activity in the United States, retained that role in 1982. Seven nations — Canada, France, Germany, Japan, the Netherlands, Switzerland, and the United Kingdom — accounted for 669 transactions, or 73 percent of the total identified, slightly more than the comparable percentage for 1981. The aggregate value of these transactions is ($11.0 billion), while only about a half of the previous year's value ($21.2 billion), represented almost four-fifths of total 1982 identified values.

Both in terms of numbers of investments and overall value, the United Kingdom was the primary source country in 1982 (see Table 1). Twenty percent of all transactions (180) originated in the United Kingdom, with 86 identified values totalling $4.2 billion. Canada, the largest investor in earlier years, was a very close second, with 161 transactions (17.6 percent of all transactions), and values identified for 59 totalling $3.9 billion. Japan was the third most active source in 1982, with 143 transactions, followed by West Germany (66), France (52), and the Netherlands (46).

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REPORT PERIOD I 3 1/82 - 12/82TA3LE: I . SOURCE COUNTRIES - COM PLET ED CASES - 198?

NUMBER NUMBER CASES/ VALUEOF CSSES VALUE KNOWN ( $ M I L L I O N )

T O TA L 913 3 70 1 3 * 9 1 2 . 7

p r i n c i p a l s o u r : e c o u n t r i e s 669 249 11*010*5

CANADA 1 6 1 59 3*938*3FRANCE 52 18 4 6 5 . 3GERMANY* FEDERAL REP 6 6 23 7 1 8 . 7JAPAN 143 44 1 * 0 6 9 . 4N ET HER L AMDS 4£ 14 4 3 7 . 4SWITZERLAND 2 1 5 18 0 . 4U N I T E D KI N3 D 0 H 180 8 6 4 * 2 0 1 . 0

OTHER EUROPE AO 23 1 3 1 2 . 6

AUSTRIA 4 0 0 . 0

BELGIUM 5 1 5 8 1 . 6DENMARK 5 1 6 6 . 0

F IN LAND 3 1 1 0 4 . 4GIBRALTAR 1 1 3 . 0I RELAND 3 2 2 4 . 4I T A L Y 15 6 3 0 3 . 7l i e c h t e n s t e IN 2 2 7 . 4

NORWAY 4 2 1 9 . 0SPA IN 4 2 6 0 . 3SWEDEN 13 4 1 4 1 . 3SWITZERLAND 1 1 1 . 5

OPEC COUNTRI ES 30 16 4 1 1 . 4

I RAN 3 2 5 . 8

KUWAIT 3 2 2 3 7 . 5L I B Y A 1 1 2 0 . 6

SAUDI ARABI A 14 5 4 4 . 6U N I TED A*A 8 EMIRATES 2 1 4 3 . 0VENEZUELA 7 5 5 9 . 9

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REPORT =>ERIOD t 01/82 - t?/82T A 3 LF I. SOURCE COUNTRIES - COMPLEFiO CASES - 1982

NUMBER NUMBER CASES/ VALUEOF CASES VALUE KNOWN ($ MILLION)

OTHER MIDDLE EA S T Q l 4 5 4 . 0

BAHRAIN 1 i 4 5 4 . 0EGYPT 1 0 0 . 0

ISREAL 6 0 0.0SYR IA 1 0 0 . 0

OTHER A S I A AND P A C I F I C 48 2 1 301*2

a u s t r a l n 13 7 2 7 . 5C HI NA ( T AI i f Af o ) 4 1 0 . 5

0 0 HOW5 K o m 23 7 1 9 9 . 6I N D I A 2 1 0 . 4KOREA, R EP U B L IC QF 3 2 1 . 7SINGAPORE 1 1 4 6 . 5THA I LA N D 2 2 2 5 . 0

OTHER WESTER* HEMISPHERE 82 56 380 . 1

BRAZI L P 5 9 7 . 5B R I T I S H V I R G I N I SLAK 1 1 2 5 . 0CAYMAN ISLANDS 2 2 1 0 . 4CHI LE 1 1 6 . 0

COLUMBIA 1 0 9 . 0GRENADA 1 0 0 . 0

GUYANA 1 0 0 . 0

MEX ICO 1 1 6 . 0

NETHERLANDS A N T I L L E S 59 40 2 1 3 . 9

PANAMA 6 5 1 7 . 5

T R I N I D A D AND T03A30 1 1 3 . 8

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REPORT PERIOD : 31/82 - I ? / £2TA3LE I. SOURCE COUNTRIES

NUMBER Or C ASES

ALL OTHER C 03 4 59 2 69289905986

GAMBIA* THE 1SOUTH A R I C A 3

UN KNOWN

CO

COMPLETED CASES - 198?

NUMBER CASES/ VALUEVALUE KNOWN <$ MILLION)

2 7 .

0.07 . 8

2 1 5 . 1

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Table 2 shows the continuing dominance of the major industrialized countries as sources of foreign direct investment in the United States.

Table 2

Number of Identified Competed Transactions By Source Country 1977, - 1982

Source Country 1977 1980 1981 1982

# 1 # 1 # 1 ft tTOTAL 428 100.0 1199 100.0 1203 100.0 913 100.0

Canada 92 21.5 253 21.1 291 24.2 161 17.6

France 34 7.9 52 4.3 64 5.3 52 5.7

Germany, F.R. 53 12.4 171 14.3 91 7.6 66 7.2

Japan 55 12.9 101 8.4 129 10.7 143 15.7

Netherlands 21 4.9 63 5.3 58 4.8 46 5.0

Switzerland 16 3.7 48 4.0 36 3.0 21 2.3

United Kingdom 51 11.9 185 15.4 182 15.1 180 19.7

All others 106 24.8 326 27.2 352 29.3 244 26.8

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Investment by Industry

Until 1981, the largest number of new transactions completed each year was in the manufacturing sector. In 1981 and 1982, however, real property transactions pushed manufacturing into second place. The real property sector — commercial land, office buildings, shopping centers, residential developments, etc., and the development and construction thereof — accounted for 298 transactions in 1982 compared to 218 for the manufacturing sector (see Table 3).

Of the 298 real property transactions in 1982, values were identified for 124 totalling $6.1 billion; of the 218 in manufacturing, 92 values totalled $2.7 billion. Together these two sectors accounted for more than half of the total transactions and almost two-thirds of identified values.

1 1

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010209

10111213

1517

2022232425262728293032333435

3 1/82 - 12/82TABLE III

D I REC T I NVESTMENT D I S T R I B U T I O N 9 Y IMDJSTRY SUBSECTOR OFU . S . A F F I L I A T E ~ COMPLETED T RANSACTIONS - 1982

N UM 3 E 3 n u m b e r c a s e s /SHORT T I T L E c r c a s e s VALUE KNOWN

AS RI CULTURE t FORESTRY? AND F I S H I N G * 1

AGRICULTURAL PRODUCTION - CROPS 1 0

AGRICULT URA L PRODUCTION - L I VES TO CK 2 1F I S HI N G * H U N T IN G , AND T R A DPINS I 0

m MI MG 4A

METAL MIMING I ? 5A MTRACITE MINING 1 0

B I TU MI NO US COAL AND L I G N I T E MINING 3 6O I L AND GAS E XT RA CTI ON 37

CONSTRUCTION 0

GENERAL B U I L D I N G CONTRACTORS 4 nS P E C I A L TRADE CONTRACTORS 1 0

MANUFACTURING ?13 9?

FOOD AND KINDRED PRODUCTS 14 1T E X T I L E M IL L PRODUCTS S 2

APPAREL AND OTHER T E X T I L E PRODUCTS 1 0LUMBER AND WOOD PRODUCTS 2 0

FURNI TURE AND F I XT URE S t 1

PAPER AND A L L I E D PRODUCTS T 5P R I NT I NG A NO P U BL I S H I N G 1 I 3CHEMICALS AND A L L I F D PRODUCTS % D 1 2

PETROLEUM AND COAL PRODUCTS 3 2

RJBBER AND M I S C . =>LASTICS PRODUCTS ID 4STONE* CLAY* A NO GLASS PRODUCTS 3 4PRIMARY METAL I NDU ST RI ES 3 4FABRI CA TED METAL PRODUCTS 5 4MACHINERY* EXCEPT E L E CT R I C AL 3 9 17

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REPORT PERIOD I 31/82 - 12 / P2

TABLE III

DIRECT INVES THENT DISTRIBUTION 3Y INDUSTRY SUBSECTOR OFU*S. AFFILIATE - COMPLETED TRANSACTIONS - 1982

SIC NJM3ER NUMBER CASES/MU M BE R SHORT T I T L E 0 - OASES VALUE KNOWN ( S MI LLI C

36 E L E C T R I C AND E LECT RONI C EQUIPMENT 5 4 14 1 9 6 . 437 TRA NSPORTATI ON EQUIPMENT n 5 8 3 . 03 8 INSTRUMENTS AND RELATED PRODUCTS 3 4 2 5 . 239 MI SCELLANEOUS MANUFACTURING I N D U S TR IE S 3 4 4 3 . 3

TRANSPORTATION* COMMUNICATIONS* U T I L . 51 5 2 3 . 6

42 TRUCKING AND WAREHOUSING 5 3 9 . 644 WA TER TRAN SPOR TAT I ON * 0 0 . 045 TRANSPORTATI ON BY AIR 1 a 0 . 046 P I P E L I N E S , EXCEPT NATURAL GAS ? 2 1 4 . 04 7 TRANSPORTATI ON SERVICES 1 1 ff 0 . 0

CaJ 4 8CO MNUNICATION 5 0 0 . 0

49 E L E C T R I C * GAS, AND S AN IT AR Y SE RV IC ES 2 0 0 . 0

WHOLESALE TRADE 1 0 ? 18 1 6 2 . 4

50 WHOLESALE TRADE - DURABLE GOODS51 WHOLESALE TRADE - NONDURABLE SOODS

R E T A I L TRADE

53 GENERAL MERCHANDISE STORES54 r 0 CD STORES55 AUTOMOTIVE DEALERS S, SFRVICE S T A T I O N S56 APPAREL AND ACCESSORY STORES57 FURNITURE AND HOME CURNISH INGS STORES 5? E A T ? !\G AND DRI NKI NG PLACES59 MISCELLANEOUS R E T A I L

FI N A &C E t INSURANCE? AND REAL E S T A T E

60 BANKING62 SECURI TY* COMMODITY BROKERS & SERVICES63 INSURANCE CARRIERS

51 14 114*4IS 4 48*0

*? 18 5 3 9 . 6

S 3 4 0 7 . 85 2 1 9 . 22 0 0.0

11 4 31*35 0 0*0B 6 4 6 . 97 3 34*4

73 36 1 , 2 9 4 . 4

n 32 1 , 2 0 6 . 61 1 3 0 . 0? 1 10.0

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REPORT PERIOD I 3 1 / 8 2 - 12/F2TABLE III

D I REC T I NVESTMENT D I S T R I B U T I O N 3 Y INDUSTRY SUBSECTOR OFU . S . A F F I L I A T E - COMPLETED T R AMS ACTIONS - 1982

SI C N J ^ E * NUMBER CASES/NUMBER SHORT T I T L E c r : a s e s VALUE KNOWN ( S M I L L I O N )

65 REAL ESTA T E i a 1 7 . 8HOLDING AND O T H E R INVESTMENT O F F I C E S 1 4 0 . 0

SERV ICES ss 28 6 6 4 . 8

70 H O TEL S AMD OTHER LODGING PLACES 1 1 2 2 9 . 172 PERSONAL SERVICES 1 0 0 . 0

73 B J SI NESS SERVICES ?? 13 1 5 8 . 075 AUTO REPAIRt S ERV ICES* AND GARAGES 1 1 1 0 1 . 6

79 A * US EMEMT $ RECREATION S ERV ICES 1 1 0 . 1

— '“ BD HEAL TH SERV ICES 2 1 1 6 3 . 58 9 MI SCELLANEOUS SERVICES % 1 1 2 . 5

NDNCL ASSI FI ABLE ESTA BLI SHMENT S I o 0 . 0

9 9 N D N C L A S S I F I A B L E ESTABLI SHMENTS 1 0 0 . 0

JNKMOWN 0 0 O.Q

SUBTOTA L 5 246 7 * 8 3 3 . 1

REAL PROPERTY* 29 3 12 4 6 * 0 7 9 . 6

913 370 1 3 * 9 1 2 . 7

‘ INCLUDES PROPERTY PJRCHASES* 0 E VEL OPME NT AND CONSTRUCT I CM. D I E S MOT INCLUDE REALTY COMPANIES WHICH ARE S I C GROUP f f .

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Table 4 highlights the trend in completed cases for years 1977 and 1980-82.

Table 4

Number of

bi

SIC Description 1977

Classification

# %

TOTAL 428 lOOJ

10-14 Mining 17 4.0

20-39 Manufacturing 160 37.4

50-51 Wholesale trade 42 10.0

52-59 Retai1 trade 26 6.0

60-67 Finance,

insurance, etc. 87 20.3

01-09 Agriculture

and and

15-17 Construction 11 2.!

40-49 Other industries 6 1 .<

Real property 79 18.'

Completed Transactions

Industry Sector

1980 1981 1982

# 1 # % # %

1199 100.0 1203 100.0 913 lOOJ

54 4.5 65 5.4 71 7.8

401 33.4 278 23.1 218 23.9

77 6.4 111 9.2 107 11.7

53 4.4 44 3.7 42 4.6

118 9.9 105 8.7 70 7.7

105 8.8 105 8.7 40 4.4

41 3.4 30 2.5 67 7.3

350 29.2 465 38.7 298 32.6

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Mode of Investment Transaction

Foreign direct investments in the United States occur in several major forms, referred to as "modes" in this report. These modes are acquisitions/mergers, equity increases, joint ventures, new plants, plant expansions, real estate, and miscellaneous types (such as branches, sales & distribution outlets, warehouses). Appendix B defines these and other terms used in this report.

Real property (real estate) transactions were the most frequent (298) mode of investment transaction identified in 1982, followed by acquisitions/mergers (231). These two modes were also the leading forms of activity in terms of aggregate value, with identified real estate values totalling $6.1 billion and acquisitions/mergers at $4.6 billion. Together these two modes accounted for 57 percent of the total number and 76 percent of the total value of all foreign investment transactions during the year.

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REPORT PFKJOD I 3 1/^2 - 1 ? / - 2

FOREIGN D I R EC T I NVESTMENTS BY COUNTRY Dc F OREIGN O RI GI N ACCORDING TO I NVEST MENT 3 D E

COUNTP YA C Q U I S I T I O N

T O TA L Rr MERGERIQ J I T Y IN? CREASE

J O I N TVENTURE

NEWPLANT

PLANTEXPANSION

REALES TA T E OTHER

C A fa ADA 188 I? 11 104 11

FRANCE 6 5 13 11 21

5ERMAMY* FEDERAL REP

JAPAN

87

223

16

15 40

1-3

35

12

15

14

25

17

86

Nr T HE RLA r,'DS 5 6 23 14

slSWIT7ERLAND 24

U N I T E ! KINGDOM 229 1 10 I? 19 56 21

OTH ER 273 56 15 1R 115 50

T OT A L I t 14 5 279 79 110 49 344 220

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Location of Investment by State

As in past years, most states managed to attract at least one identified foreign direct investment during 1982 (see Table VI). As might be expected, however, investment transactions were concentrated in the larger states. New York, California, Florida, and Texas together accounted for almost half of the 1982 transactions identified. By dollar value, much the the same picture emerged. A major exception was the appearance of Alaska with the fourth largest value total, resulting from foreign acquisition of some high-value oil leases.

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REPORT PERIOD I 0 1/82 - 1 2 / c2

TOTAL

STATES

unknown

ftL A3A»A

ALASKA

ARI ZONA

ARKANSAS

CALIFDRs' I A

Colorado

CONNECT ICUT

DEL AW A RE’

CIST.-COLUKE-T*

FLORIDA

oegr^ia

SU* ^

H A V A 11

I D * MG

ILL I ? m S

T M D I f'i A.

IOWA

KANSAS

913 370 1 3 * 9 1 2 * 7

TABLE VI - STATE LOCATION OF FOREIGN VENTURES

MUMBfP NUMBER CASES/ VALUEOF CASES VALUE KNOWN CS MILLION*

28 9 5 1 0 . 7

4 o o.o

13 12 9 0 5 . *

2.1 9 7 5 1 . 1

1 1 7 . 0

1 1* 51 2 t l 2 5 . 8

?€> 8 2 8 5 . 6

21 7 2 1 0 . 0

5 1 6 5 . 1

0 9 0.0

169 56 3 7 8 . 1

26 12 3 7 3 . 4

5 0 0.0

1 1 0 . 5

1 1 1 4 . 6

41 13 6 7 1 . 7

9 3 1 0 1 . 3

1 3 0.0

4 2 8 9 . 1

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REPORT PERIOD : 01/*2 - 12 / F 2

TABLE VI - STATE LOCATION OP F C R i l S N VENTURES

JUMPER NUMBER CASES/ VALUEOF CASES VALUE KNOWN ($ HILLIOPO

STATES

KENTUCKY 6 3 6 1 * 5LOUISIAN 15 8 6 0 , 1MAINE 5 2 5 . 9MARYLAND 25 6 7 1 . 2

HASSACHUSE T TS 15 5 3 1 8 . 9MICHIGAN 11 2 4 4 * 7

VIWNESOTA 6 2 2 1 * 4

MISSISSIPPI I 1 10 4 * 4

WIS SOUR I 11 2 9 . 9

MONTANA 8 0 0*0

NEBRASKA 2 1 8*0

NEVADA 3 1 7 . 8

NEW HAMPSHIRE 3 2 2 4 . 0

NEW JERSEY 31 9 6 5 . 5

NEW MEXICO 3 I 1 8 . 9

NEW YORK 123 53 1*934*3

NORTH CAROLINA 18 p 2 8 5 . 0

NORTH DAKOTA 0 0 0 . 0

OHIO 17 8 3 2 1 . 1

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REPORT PERIOD : 3 1 /f 2 - 1 2/P2TABLE VI - STATE LOCATION OF FOREIGN VENTURES

NUMBER NUMBER CASES/ VALUEOF CASES VALUE KNOWN CS MILLION!

S T A T E S

OKLAHOMA 6 3 16 5 * 2

OREGON 5 3 83 * 3

PENNSYL VA N I A 23 8 22 7 *3

PUERTO RICO 0 t 0 . 0

RHODE I S L A N D 2 0 0*0

SOUTH CAROLI NA 4 t 5 3 . 8

SOUTH DAKOTA 0 0 0 . 0

TENNESSEE 7 1 35*0

TEXAS 96 35 2 , 6 4 2 . 2

I T A H 3 t 2*0

VERMONT t I 0*7

V I R GI N I SLA NDS 0 0 0*0

V I R G I N I A 15 6 1 7 8 . 1

WASHINGTON 17 8 3 4 2 . 6

WEST V I R S I N I A 1 & 0 . 0

WISCONSIN 7 3 3 3 0 . 5

WYOMING 1 B 0 . 0

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Major Sectoral Developments

The following section focuses on major investment transaction trends in the more active industrial sectors during 1982. Investment activity by section and major source country appears in table VII.

Metal mining (SIC 10)- High operating costs and increased competition from developing countries have caused severe losses in the U.S. metal mining industry in recent years. In 1982, faced with high inventories and relatively low prices, many U.S. metal mining firms were forced to curtail production even further. Yet this industry slowdown did not deter foreign investors. The metal mining industry had 12 completed investment transactions in 1982, an increase of 7 over the 1981 figure. However, the $168.4 million total of the 5 available transactions figures was only a fraction of the $4 billion total for the 5 completed transactions recorded in the previous year.

Most of the investment activity took place in the uranium mining (SIC 1094), copper mining (SIC 1021) and gold mining (SIC 1041) subsectors, and most of the transactions were located in the traditional western mining states. These transactions took place via three major modes of investment: acquisitions (5), equity increases (3) and joint ventures (3).

There were no 1982 metal mining transactions as large as those of the previous year. The largest 1982 investment recorded was a $90 million equity increase in Hanna Mining Co. from 8.8 percent to 20 percent by Norcen Energy Resources Ltd., a Toronto-based natural resources concern controlled by Conrad M. Black. Norcen Energy purchased 1.24 million shares of the Cleveland, Ohio iron ore producer after a three-month takeover battle was resolved. Norcen and its affiliates agreed to an eight-year standstill arrangement under which they would cease acquiring additional shares of Hanna common, subject to certain exceptions.

Another noteworthy case in this industry was a $37.1 million equity increase in Gulf Resources & Chemical Corp. from 8.4 percent to 25.1 percent by Alan E. Clore, a British financier who resides in Switzerland. Mr. Clore took control of the Houston mining and minerals firm in June 1982 after a three-month proxy fight.

2 2

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Page 26: Fordirinv Comm 1982

REPORT PERIOD : 31/82 - 12/82TABLE VII

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY PRO UP OF U.S. ArrILIATE AND COUNTRY OF FOREIGN PARENTCOMPLETED TRANSACTIOM — 1982

CONSTRUCTION

T OTA L CANADA FRANCE 3ERMANY JAPANNETHER­

LANDSSWITZER- UNITED

LAND KINGDOMALL

OTHER

T OTA L NUMBER Or CASES NUMBER CASES — VALUE KNOWN VALUE ( $ M IL LI ON S >

7148

2 4 3 7 . 7

q7

96 • 9

S1

2 * $

1

1

3 ? . 51

3 0 . 0

1410

2 0 8 . 7

0

0

0 . 0

2219

1 1 0 1 . 9

1710

9 6 5 . 7

ro­ta

GENERAL PUILDIMG CONTRACTORS T OTA L NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE (* M I L L I O N )

S P EC I A L TRADE 3 0 Nl TR ACTORS TOTAL NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE (S M I L L I O N )

T OT A L NUMBER OF CASES NUMBER CASES — VALUE KNOWN VALUE ( $ M I L L I O N S )

40

0.0

1

0

0.0

50

0 . 0

1

0

0.0

0

0

0.0

1

0

0.0

1

0

0.0

0

00.0

1

ft0.0

0

0

9 . 0

0

0

0.0

0

0

0 . 0

1

0

0.0

00

0.0

1

0

0.0

0

0

0.0

0

0

0 . 0

0

0

0 . 0

0

0

0 .0

0

0

0.0

0

0

0.0

0

0

0.0

0

0

0 . 0

0

0

0 . 0

1

0

0*8

1

0

0. 0

20

0.0

MANUF ACT URING

F 00 0 AND KINDRED PRODUCTS TOTAL NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE (S M I L L I O N )

147

1 8 9 . 4

31

0.1

20

0.0

ao

0 . 0

43

22.2

0

0

0.0

0

0

0.0

33

1 6 7 . 1

20

0.0

T E X T I L E MILL PRODUCTS T OT AL NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I L L I O N )

S2

7 8 . 0

0

0

0.0

0

0

0.0

1

1

13.0

1

a0 . 0

21

6B.0

0

0

0.0

I0

0 . 0

1

ao.o

APPAREL AND O U E R T E X T I L E PRODUCTS TOTAL NUMBER OF CASES NUMBER CASES VALUE KNOWNVALUE ($ M I L L I O N )

1

0

0.0

0

0

0.0

0

0

0.0

1

0

o.o

0

0

0 . 0

0

0

0 . 0

0

0

0 . 0

LUMBER AND y003 3 FODUCTS TOTAL NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE <$ M I L L I 0*0

20

0.0

00

0.0

00

0 .0

00

0.0

00

0.0

00

0.0

00

0.0

1

0

0.0

10

0.0

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Page 27: Fordirinv Comm 1982

REPORT PERIOD : 3 1/82 - 12/82TABLE VII

DIRECT INVESTMENT DISTRIBUTION! BY INDUSTRY GROUP OF U.S. F I L I A T E AMD COUNTRY OF FOREIGN PARENTCOMPLETED TRANSACTION! — 19S2

N E T H E R - S W I T Z E R - U NI T ED TOTA L CANADA FRANCE GERMANY J A P AH LANDS LAND KINGDOM

FURNI TURE AND r TX TURFS T OTA L NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I L L I O N )

PAPER AND A L L I E D PRODUCTS T OTA L NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I L L I O N )

1

1

1. 9

75

6 0 9 . 0

22

2 5 . 8

0

0

0 . 0

0

0

0 . 0

0

0

3 . 9

0

0

0 . 0

0

0

o . §

0

0

0.0

1

0

0.0

0

0

0.0

0

0

0 . 0

0

0

0.0

21

455*0

rv>

P RI NTI NG AND P J B L IS HI NG TOTAL NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I L L I O N )

CHEMICALS AND 1 L L I E 0 PRODUCTS TOTAL NUM3ER OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I . L I O N )

113

1 3 . 2

4012

4 7 5 . 1

20

0.0

31

6 5 . 1

0

0

0 . 0

30

0 . 0

0

00 . 0

74

18 5.5

2

0

0 . 0

72

1 3 . 5

20

0.0

2a

o.o

0

0

0.0

50

0.0

31

3 . 5

93

1 1 9 . 0

PETROLEUM AND COAL PRODUCTS T OTAL NUMB Ft OF CASES NUMBER CASES - - VALUE KNOirfN VALUE ($ M I L L I O N )

52

3 6 . 6

1

0

0.0

1

0

0.0

1

1

3 0 . 0

1

1

6.6

0

0

0.0

0

0

0.0

RUBBER AMD M I S 3 . E LAST ICS PRODUCTS TOTAL MUMBR OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I L L I O N )

10 4

1 .6

0

0

0 .0

20

3 . 0

00

0.0

0

0

0.0

0

0

0.0

1

0

0.0

STONE* CLAY* AMD GLASS PRODUCTS T OTA L NUM3E* OF CASES NUMBER CASES - - VALUE KNOWN VALUE <$ M I . L I O N )

84

14 1 . 5

22

21 . 7

0

0

0.0

1

1

11.6

20

0 . 0

0

0

0 . 0

0

0

0.0

21

1 0 8 . 2

PRIMARY METAL I N DU S T R I E S TOTAL NUM3E* OF CASES NUMBER CASES - - VALUE KN04N VALUE (S M I L L I O N )

94

4 2 . 0

1

1

5 . 2

20

0.0

1

0

3 . 0

21

1.0

1

0

0.0

0

0

0.0

1

1

2 5 . 3

F ABRI CA TED METAL PRODUCTS TOTAL NUMBER OF CASES NUMBER CASES - - VALUr KNOWN VALUE (S M I L L I O N )

6

42 7 . 6

0

0

0.0

0

0

0.0

32

1 7 . 5

2

1

4 . 5

0

0

0*0

11

5*6

ALLOTHER

1

1

1 * 9

22

1 2 8 . 2

2

29 . 6

42

9 2 . 0

1

0

0.0

63

1 . 5

1

0

0.0

1

1

1 0 . 5

00

0.0

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Page 28: Fordirinv Comm 1982

REPORT PERIOD : 31/82 - 12/82TABLE VII

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY GROUP OF U.S. AFFILIATE AMD COUNTRY OF FOREIGN PARENTCOMPLETED TRANSACTION -- 19B2

T O T A L CANADA FRANCE SU M* NY JAPANN E T H E R - S i f l T Z E R -

LANOS LANDUNITED

KINGDOMALL

OTHER

MA C HI NE RY , EXCEPT E L E CT RI CA L T OTA L NUN3E? OF CASES NUMBER CASES VALUE KNOWN VALUE <$ M I . L I O N )

E L E C T R I C AND ELECT RONI C EQUIPMENT T OTA L NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I L L I O N )

TRANSPORTATI ON E3UIPMENT TOTAL NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I L L I O N )

r\>LTl INSTRUMENTS AN3 RELATED PRODUCTS

TOTAL NUMBER OF CASES NUMBER CASES — VALUE KNOWN VALUE <$ M I L L I O N )

38 17

74 2 * 8

3414

1 9 6 . 4

105

8 3 . 0

84

2 5 . 2

53

3 1 3 . 5

2I

0 . 7

10

0.0

43

2 2 9 . 8

10

0.0

11

6 5 . 0

0

0

0 . 9

72

7 9 . 0

52

8 0 . 0

31

0.6

103

4 8 . 9

123

9 . 5

32

1 3 . 4

22

4 . 4

00

0.0

00

0.0

00

0.0

00

0.0

00

0 . 0

1

1

7 . 5

0

0

0.0

85

7 1 . 1

96

9 1 . 2

1

0

0.0

21

6 . 3

4 . 0

31

1 4 . 5

MISCELLANEOUS MANUFACTURING I ND U S T RI E STOTAL NUMBER OF CASES 8

NUMBER CASES - - VALUE KNOWN 4VALUE ($ M I L L I O N ) 4 3 . 3

00

0 . 0

00

0.0

10

0 . 0

21

1 8 . 0

0

®0.0

00

0.0

33

2 5 . 3

2

0

0*0T OTA L NUMBER Or CASES NUMBER CASES — VALUF KNOWN VALUE ( $ M I L L I O N S )

21892

270 6 . 6

2412

4 3 2 . 2

144

2 9 4 . 8

3113

5S4 . 2

5119

1 6 5 . 4

92

7 4 . 6

61

7 . 5

4726

1 0 7 7 . 7

3615

2 7 0 . 2

TRANSPORTATION* C OMMUNI CAT IONS* U T I L .

TRUCKING AND WAREHOUSING T OTA L NUMBER OF CASES NUMBER CASES - - VALUE KNOMN VALUE <$ M I L L I O N )

83

9 . 6

20

0.0

IT0

0 . 0

0

0

3 . 0

1

1

8 . 0

1

0

0.01

0

0 . 0

32

1.6

WATER TRANSPORT AT IONT OTA L NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I L L I O N )

40

0.0

1

0

O.O

00

0*0

00

0.0

00

0.®

00

0.0

0

0

0.0

20

0.0

10

0.0

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Page 29: Fordirinv Comm 1982

REPORT PERIOD I 31/82 - 12/82TABLE VII

DIRECT JMVESTMENT DISTRIBUTION BY INDUSTRY GROUP OF U.SCOMPLETED TRANSACTION!

T OT AL CANADA FRANCE

T RANSPORT AT I ON BY AI RT OT AL NUMBER OF CASES 1 Q O

NUMBER CASTS - - VALUE KNOWN 0 0 0VALUE ($ M I L L I O N ) 0 . 0 0 . 0 0*0

P I PE L I N E St E X C EP T NATURAL GAST OTA L NUMBER OF CASES 2 0 0NUMBER CASES - - VALUE KNOWN 2 0 0VALUE ($ M I L L I O N ) 1 4 . 0 0 . 0 0 . 0

T RANSPORT AT ION SERV IC EST O T A L NUMBER OF CASES 11 0 1NUMBER CASES - - VALUE KNOWN 0 0 0VALUE <$ M I L L I O N ) 0 . 0 0 . 0 0 . 0

COMMUNICATIONT OT A L NUMBER OF CASES 3 0 0NUMBER CASES - - VALUE KNOWN 0 0 0VALUE ( $ M I L L I O N ) 0 . 0 0 . 0 0 . 0

E L E C T R I C * GAS* AND SANITARY SERVICEST O T A L NUMBER OF CASES 2 0 1NUMBER CASES - - VALUE KNOWN 0 0 0VALUE ($ M I L L I O N ) 0 . 0 0 . 0 0 . 0

TOTAL NUMBER 0" CASES 31 3 2NUMBER CASES — VALUE KNOWN 5 0 0VALUE <$ M I L L I O N S ) 2 3 . 6 0 . 0 0 . 0

WHOLESALE TRADE

WHOLESALE TR A DI - DURABLE GOODST OTAL NUMBER OF CASES 91 5 3NUMBER CASES - - VALUE KNOWN 14 1 1VALUE (S M I L L I O N ) 1 1 4 . 4 7 5 . 0 1 . 5

WHOLESALE TRADI - NONDURABLE GOODSTOTAL NUMBER OF CASES 16 0 2NUMBER CASES - - VALUE KNOWN 4 0 0VALUE CS M I L L I O N ) 4 8 . 0 0 . 0 0 . 0

F I L I A T E AND COUNTRY OF FOREI GN PARENT 9 32

WETH ER- S W I T Z E R - U N I T ED MANY JAPAN LANDS LAND KINGDOM

00

0.0

00

0.0

00

0.0

©

0.0

00

0 .0

00

0 . 0

00

0.00

0.0

00

0.0

22

1 4 . 0

10

£.0

20

0.0

10

o.i

00

0 . 0

10

0.0

00

0.0

00

0.0

0a

0.00

0.0

00

0 .0

00

5 . 0

00

0.0

00

O.i

00

0.0

00

0.0

10

0.0

20

0.0

00

0.0

62

2 4 . 0

141

S.O

417

2 5 . 6

10

0.030

0.0

101

2 . 4

10

0 . 0

31

0 . 2

00

0.0

20

0.0

73

4 7 . 8

ALLOTHER

10

0.0

00

0.0

50

0.0

30

0.0

10

0.0

142

1.6

143

3 . 9

10

0.0

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 30: Fordirinv Comm 1982

REPORT PERIOD I 31/82 - 12/82TABLE VII

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY GROUP OF U.COMPLETED TRANSACTION

T OTA L CANADA FRANCE

T O T A L NUMBER Or CASES NUMBER CASES ~ VALUE KNOWN VALUE ( S M I L L I O N S )

1G7IB

1 6 2 . 4

51

7 5 . 01

1 . 5

R E T A I L TRADE

GENERAL MERCHANDISE STORES T OT AL NUMBER OF CASES NUMBER CASE? - - VALUE KNOWN VALUE ($ M I L L I O N )

63

4 0 7 . 8

1

1

42 . 5

6cr

0.0

FOOD STOREST OTAL NUMBER OF CASES

r>0 NUMBER CASES - - VALUE KNOWN^ VALUE ($ M I . L I O N )

52

1 9 . 2 19 . 2

0

0

0 .0

AUTOMOTIVE DEALERS 8- SERVICE S T A T I O NS TOTAL NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I L L I O N )

20

0.0

0

0

0.0

1

D0.0

APPAREL AMO ACCESSORY STORES T OTA L NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I L L I O N )

114

3 1 . 3

0

0

0.0

1

0

Q .9

F URNITURE AND HOME FURNI SHI NGS STORES TOTAL NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE <$ M I L L I O N )

30

0.01

0

0.0

1

0

0.0

EATINS AND D R I NK IN G PLACES TOTAL NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE it M I L L I O N )

B6

4 6 . 9

2

21.1

21

0 .6

MISCELLANEOUS D E T A I LTOTA L NUMBER OF CASES NUMBER CASES VALUE KNOWN VALUE ($ MI_ L I ON)

73

3 4 . 4

31

0.3

00

0 .0

*r F l L I A T E AND COUNTRY OF FOREIGN PARENT 19 32

151

a.O

0

0

0.0

0

0

9.f>

0

0

3. 0

0

0

a . a

oo

0 . 0

0

0

0 . 0

00

3.0

N E T H E R - S W I T Z E R - JAPAN LANDS LAND

44 1 58 0 0

2 5 . 8 O.ff 0 . 0

ao

0.0

ao

0.0

00

0.0

31

4 . 0

00

0.0

2

1

0 . 6

00

0.0

1

0

a . o

ao

o . &

0

0

0.0

0

0

0.0

0

0

0.0

0

0

0.0

11

4.1

0

0

0.0

0

0

0 . 0

0

0

0.0

a0

0.0

0

0

0.0

0

0

0.0

a0

0.0

UNITEDKINGDOM

174

5 0 . 2

21

3 6 5 . 0

0

0

0.0

1

0

0.0

53

2 7 . 3

1

a0 . 0

1

1

4 4 . 0

00

0.0

ALLOTHER

153

3 . 9

21

0*3

20

0*9

ao

o.o

20

0.0

0

0

0.0

11

0 *6

31

30.0

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Page 31: Fordirinv Comm 1982

REPORT PERIOD : 31 / 82 - 12/82TAPLE V I I

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY GROUP OF U.S. AFFILIATE AND COUNTRY OF FOREIGN PARENTCOMPLETED TRANSACTION -- 1932

TOTA L CANADA FRANCE MRM*NY JAPANN E T H E R - S y l T Z E R -

LANDS LANDUNITED

KINGOOHALL

OTHER

T OTA L NUMBER OF CASES NUMBER CASES — VALUF KNOWN VALUE ( S M I L L I O N S )

4218

5 3 9 . 6

in6

6 3 . 1

*>1

0*6

O0

3.0

52

4 . 6

21

4*1

0

o0.0

105

4 3 6 . 3

103

3 0 . 9

FINANCE* INSURANCE* A*’D REAL ES TA T E

(\)00

BANK IMGT OTA L NUMBER OF CASES 40NUMBER CASES - - VALUE KNOWN 32VALUE <$ M I . L I ON) 1 2 0 6 . 6

S EC U RI T Y * COMMODITY BROKERS % SERVICESTOTAL NUMBER OF CASES 1

MUM BER CASES — VALUE KNOWN 1

VALUE CS M I L L I O N ) 3 0 . 0

INSURANCE C AR RI ERSTOTAL NUMBER OF CASES 2NUMBER CASES - - VALUE KNOWN 1VALUE t$ M I L L I CN) 1 0 . 0

REAL E S T A T ETOTAL NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE (S M I L L I ON )

HOLDING AND OTHER INVESTMENT OFF ICES T OT AL NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE ($ M I L L I O N )

TOTAL NUMBER Or CASES NUMBER CASES — VALUE KNOWN VALUE C$ M I L L I O N S )

18I

7.8

91

4 0 . 0

7036

1 2 9 4 . 4

0

0

0.0

0

G0 . 0

1

0

0.0

30

0 . 0

41

4 0 . 0

81

40 . 0

66

1 2 7 . 0

0

f?0.0

0

0

0.0

1

0

0*0

0

90 . 0

76

1 2 7 . 0

0

0

0 . 0

0

03 . 0

0

0

3.a

lo

o.o

10

3 . 0

2 0

0.0

1

1

1 2 . 0

0

0

0 .®

0

0

0.0

41

7 . 8

0

0

0.0

52

19.8

10

o .r

o0

0.0

0

00 .0

20

0.0

20

0.0

50

0.0

0

0

0.0

0

0

0.0

0

0

0 . 0

0

0

0 . 0

0

0

0 . 0

0

0® . 0

21

4 . 0

1

1

3 0 . 0

1

1

10.0

50

0 . 0

10

$ . 0

103

4 4 . 0

3024

1 0 6 3 . 6

0

0

0.0

0

0

0.0

20

0.0

1

0

0.0

3324

1 0 6 3 . 6

SERVICES

HOTELS A MO OTHER LCDGIMG PLACES T OTA L NUMBER OF CASES NUMBER CASES - - VALUE KNOWN VALUE <$ M I L L I O N )

2811

2 2 9 . 1

52

1 3 0 . 7

52

1 8 . S

0

0

3 . 0

20

0.0

0

0.0

10

0.0

54

59.4

103

20.4

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 32: Fordirinv Comm 1982

REPORT PER IOO : 31 / 8 2 - 12/82

TABLE VII

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY GROUP OF U.S. A rr I LI ATE AND COUNTRY OF FOREIGN PARENTCOMPLETED TRANSACTI ON — 19B2

TOTAL C ANAPA PRANCE GERMANYN E T H E R - S W I T Z E R - UNI TED

JAPAN LANDS LAND KINGDOM

PERSONAL SERVICESTOTAL NUMBER OF CASES NUMBER CASES -- VALUE KNOatN VALUE <$ MIl LIC^:)

10

0.0

nn

o.o

00

0.0

00

3 • D

aa

o.o

00

0.0

00

0.0

10

0.0

BUSINESS SERVICESTOTAL NUMBER OF CASES • NUMBER CASES -- VALUE KNOWN VALUE C$ MI.LIrr )

2913

1 5 8 . 0

11

45.0

10

0 .0

1

09.0

?1

0 . 5

1

00.0

21

3 . 1

86

1 0 1 . 5

rovD

AUTO REPAIR* SERVICES* AND GARAGES TOTAL NUMBER OF CASES NUMBER CASES -- VALUE KNOWN VALUE (* MILLION)

AMUSEMENT & RECREATION SERVICES TOTAL MUM 3 FA OF CASES NUMBER CASES -- VALUE KNOWN VALUE ($ MIL LI ON)

11

101 .6

11

0.1

00

0.0

00

0.0

00

0 .0

00

0.0

Q0

3.0

00

5 . 0

00

0*0

00

0 . 0

0 0

0 . 0

00

0 . 0

0 0

0 . 0

00

0 . 8

00

0 . 0

00

9 . 0

HEALTH SERVICESTOTAL NUMBER OF CASES NUMBER CASrS -- VALUE VALUE C$ MILLION)

KNQyN21

1 6 3 . 5

00

0 . 0

0

0

0 .0

0

0

5 . 0

0

0

0 . 0

0

0

0 . 0

21

1 6 3 . 5

0

0

0 . 0

MISCELLANEOUS SERVICES TOTAL MUM 3 E* OF CASES NUMBER CASTS -- VALUE VALUE ($ MI.LI ON)

KNOy N*1

12.5

no

0 . 0

0

0

0 . 0

1

0

3 . 0

0

0

0 . 0

Q0

0 . 0

0

0

0 . 0

21

1 2 . 5

TOTAL NUMBER Or CASES NUMBER CASES — i/ALUE KNOWN VALUE (I MILLIONS)

6623

664.83

175.7

62

18.6

20

3.0

91

0.5

1

0

0 . 0

52

1 6 6 . 6

1611

1 7 3 . 4

NONCLflS3 IF I ABLE : STARLISHMENTS

NONCLASSIFIABLE ESTABLISHMENTS TOTAL NUMBER OF CASES NUMBER CASES -- VALUE KNOWN VALUE ($ M I_ L I ON >

10

0.0

00

0.0

10

0.0

00

0.0

ALLOTHER

0

0

0 . 0

84

7 . 9

1

1

101.6

1

1

0.1

0

0

0.0

1

0

0 . 9

219

1 3 0 . 0

00

0.0

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REPORT P ERI GO : 3 1/8? - 12/B2TABLE VII

P I P E C T IMV rSTH EMT DISTRIBUTION BY INDUSTRY GROUP OF U*S* A F F I L I A T E AND COUNTRY OF FOREIGN PARENTCOMPLETED TRANSACTION! — 1982

N E T H E R - S W I T Z E R - U N I T ED ALLT OTA L CANADA FRANCE 3l RM*NY J APA* LANDS LAND KINGDOM OTHER

TOTAL NUMBER Or CASES 1 H O P O O I O ONUMBER CASES — VALUE KNQtiN 0 0 0 0 0 0 0 0 0VALUE ($ M I L L I 3 N S ) 0*0 0 . 0 0*0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0

UNKNOWN

TOTAL NUMBER 0= CASES NUMBER CASES — VALUE KNQtiN VALUE <% MILL 13 NS)

00

0.0

0 0

0 *0

00

D.O

00

0.0

00

o.i

00

0.0

oREAL PROPERTY

TOTAL NUMBER Gr CASES NUMBER CASES ~ VALUE KNOWN V4LUE ( t M I L L I O N S )

298124

6079.6

952?

3 055 * 4

63

20 * 9

148

?9S*0

2310

8 1 5 . 3

121

1 5 0*0

42

6*3

5017

1303*5

9454

432*3

GRAND TOTAL

TOTAL NUMBER 0- CASES NUMBER CASES — VALUE KNOWN VALUE <$ MILLIONS )

913370

13912.7

16159

3 9 3 * . 3

52IB

4 6 5 . 3

6623

713*7

14 3 44

1069*4

4614

4 3 7 . 4

215

1 8 0 . 4

18086

4 2 0 1 . 0

244121

2902*2

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Anthracite, Bituminous Coal and Lignite Mining (SIC 11 and SIC 12) Despite declining steel production and reduced electricity demand worldwide, foreign investment activity in the U.S. coal industry increased slightly. Ten completed transactions were identified in the two coal mining subsectors - one in the anthracite mining subsector (SIC 11) and 9 in the bituminous coal and lignite mining subsector (SIC 12). The largest dollar value recorded was $72 million for the 50 percent acquisition of Pyro Mining Corp. of Indiana by the Costain Group PLC, a London-based construction, engineering, and mining firm.

Foreign investors in the U.S. coal industry came from 8 countries. Four were corporations with government ownership ranging from 40 percent to 100 percent. Veba AG, 40 percent owned by the Government of West Germany, acquired a 15 percent interest in Westmoreland Coal Company of Pennsylvania for $32.5 million. Instituto de Industria, which is 100 percent owned by the Government of Spain, acquired 10 percent of Ashland Coal Inc. of Kentucky for $44.3 million. This transaction increased the amount of foreign held equity in Ashland Coal to 35 percent from 25 percent. (In 1981, Saarbergwerke A.G.,98 percent owned by the Government of West Germany, acquired 25 percent of Ashland Coal for $102.5 million.)

Holland Carbon Fuels B.V. of the Netherlands acquired a 59 percent share of Scott's Branch Coal Mine in Pikevilie, Kentucky. Holland Carbon Fuels is a joint venture in which equal shares are held by three partners: Dutch State Mines (owned by the Government of the Netherlands), Estel/Hoogovens Delfstoffen, and SEP (The Association of Dutch Electricity Producers). The final completed transaction by a company with foreign government ownership was the purchase of Kitt Energy Corp. of West Virginia by Standard Oil Co. (Ohio), 53 percent owned by British Petroleum, Co. PLC, 39 percent of which is held by the Government of the United Kingdom. The transaction was valued at $55.7 million.

The most frequently utilized mode of investment in the coal industry last year was the acquisition/merger. There were 8 acquisitions recorded. An equity increase and a joint venture accounted for the remaining completed transactions. Geographically, coal investments were concentrated in three of the leading coal-producing states; Kentucky (4 transactions), Pennsylvania, (2 transactions) and West Virginia (2 transactions).

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Oil and Gas Extraction (SIC 13) - In 1982, as in 1981, the oil and gas extraction subsector had the highest number of completed transactions— 49--and the largest total dollar value— $2.1 billion (37 values)— in the mining sector. There were no 1982 investments comparable in size to Kuwait Petroleum Corp.'s $2.5 billion acquisition of Santa Fe International Corp. (which accounted for more than half of the 1981 total transaction value figure in the oil and gas industry).

Yet, in spite of reduced industrial demand and falling crude oil prices, foreign firms have continued to acquire new leases and to fund exploration projects, two of which are the largest transactions in this subsector. The first was American Petrofina Inc.'s acquisition of a 25 percent interest in Texas Oil & Gas Corp.'s undeveloped acreage in 16 states, including Texas, Montana, Oklahoma and Kansas. The two companies also agreed to begin a joint 10-year drilling and development program, 25 percent of which will be paid for by American Petrofina, the 74 percent owned affiliate of Petrofina SA of Belgium. The transaction value was $581.6 million. The other large transaction was the acquisition of oil leases in the Diapir Field, 20 miles off Alaska's coast, by Sohio Alaska Petroleum Co. and B.P. Alaska Exploration Inc. with Mobil Corp. British Petroleum has a 45 percent interest in the group through Sohio Alaska and B.P. Alaska in a transaction valued at $539 million.

Investors from 9 countries invested in the U.S. oil and gas industry in 1982. Almost one-third of the investments were made by companies with some foreign government ownership. The Government of the United Kingdom through British Petroleum Co.'s holdings in Standard Oil Co. (Ohio) accounted for most of these— 11. The Government of Kuwait, through its ownership of Kuwait Petroleum Co., and the Government of France, through its holdings in Elf Aquitaine S.A., each had 2 oil and gas transactions.

Almost three-quarters of the investments (36) in this subsector were acquisitions. The remaining transactions were joint ventures, equity increases or other types of investments such as new wells or drilling expansions. The activity was concentrated in five states, three of which were in areas with considerable leasing activity in 1982. Texas accounted for the largest number of transactions (12), followed by Alaska, Louisiana, Colorado, and California. More than half of the completed cases in the oil and gas extraction subsector (27) were leases acquired by U.S. affiliates or subsidiaries of foreign companies. Sohio, which is 53 percent owned by British Petroleum PLC, and Shell Oil Co., which is 69 percent held by the Royal Dutch Shell Group, each had 11 leasing transactions.

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Paper and Allied Products (SIC 26) - Seven investment transactions were completed during 1982, with 5 of them reporting values totalling $609 million, about the same as in 1981. Canadian and British investors accounted for half of the completed transactions and four-fifths of the total value. Acquisitions (3) and equity increases (2) were the most frequently utilized methods of i nvestment.

The two largest transactions in this industry were both continuations of previously reported 1981 transactions. James Goldsmith, an Anglo-French businessmen who held a 40.7 percent share of Diamond International Corp. through Cavenham Holdings Inc., made a tender offer for the remaining outstanding shares of Diamond at yearend 1981. His takeover, valued at $455 million, was completed in December 1982.

The second largest transaction was also a 1981 holdover. In 1982, Kymi Kymmene Oy, a Finnish industrial company, and Great Northern Nekoosa Corp. formalized their joint venture to build a $522 million pulp mill in New Augusta, Mississippi. Kymi Kymmene has 20 percent and Nekoosa 80 percent of the equity of the new joint venture company, Leaf River Corp. The Finnish firm's participation is estimated to be $104.4 million.

Brascan Ltd.'s 1982 equity increase in Scott Paper Co. is also a continuation of this firm's 1981 interest in the Philadelphia-based paper products firm. In that year, the Toronto holding company raised its equity to 20.5 percent from less than 1 percent. In 1982, Brascan further raised its equity in Scott Paper to 23.3 percent at a cost of just over $20 million. Brascan Ltd., with interests in natural resources, consumer products, and financial services is controlled by Edward and Peter Bronfman through their holding company Edper Equities Ltd. of Toronto.

Chemicals and Allied Products (SIC 28) - The number of identified foreign direct investments in this sector totalled 40 in 1982, down from 51 in the previous year. The number of completed transactions with known values dropped from 21 in 1981 to 12 in 1982. The aggregate value of known investments has decreased, principally due to the fact that the Seagrams Ltd. acquisition of 20 percent of duPont in 1981 totalled $2.58 billion.

The five largest transactions totalled $415.9 million or 87.5 percent of the total. These transactions included Badische Corp's, plant expansion in Williamsburg, Virginia for $120 million, Beecham Group PLC's purchase of J.B. Williams Co. for $100 million, Montedison Sp.A.'s acquisition of Kallestad Laboratories Inc. for $77.0 million, Seagram Ltd.'s equity increase in E.I. duPont Nemours Co. for $65.1 million, and American Hoechst Corp.'s plant expansion in Greer, South Carolina for $53.8 million.

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Machinery, except Electrical (SIC 35) — Nonelectrical machinery continues to be one of the primary industries for foreign investors. The number of identified completed transactions dropped slightly to 42 in 1982, while those with known values (18) showed a minimal increase. There was, however, a major increase in total value between 1981 and 1982 — from $122 million to $745 million.

Investors in the nonelectrical machinery industry came almost exclusively from the industrialized countries. Japan and West Germany, the largest investors with 10 transactions each, accounted for almost half of the transactions; followed by the United Kingdom, Canada, and France. The primary mode of investment in this industry for 1982 was acquisitions (22 transactions) followed by ten new plants or expansions.

Metal cutting machine tools and electronic computing equipment were the most attractive subsectors, with five transactions each and total values of $318 million and $227 million, respectively. These two subsectors accounted for 73 percent of the total value identified for the industry.

Four source countries accounted for 28 of the 40 transactions. Nine investments came from the United Kingdom, seven each from Japan and West Germany and five from Switzerland.

More than half of the investments were concentrated in four states; nine in Texas, five in North Carolina, and four in both Delaware and New Jersey.

1982 investment modes included twelve acquisitions or mergers, twelve new plants, seven joint ventures and five plant expansions.

During 1982, there were 2 significant transactions in the non-electrical machinery industry: AMCA International Corp., a New Hampshire-based manufacturer of fabricated structural steel products, acquired Giddings & Lewis Inc. of Fond du Lac, Wisconsin, a producer of machine tools for $310 million. AMCA is indirectly controlled by Canadian Pacific Ltd., a Montreal-based transportation and natural resources company. The other notable transaction involves the $222 million takeover of Applicon Inc. by Schlumberger NV, a Netherlands Antilles investment company controlled by the Schlumberger family of Paris, France.

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Electric and Electronic Equipment (SIC #36) - The number of completed foreign direct investment transactions identified in the electric and electronic equipment totalled 34 in 1982, down 5 from the 1981 total. In aggregate value, there was a sharp decrease from $429 million in 1981 to $196 million in 1982.

The primary mode of investment in this industry was by acquisition (15 transactions), followed by 8 new plants or expansions.Investors from the United Kingdom accounted for nine of the fifteen acqui si tions.

More than half of the foreign direct investment transactions took place in four states — California led with eight, followed by New York, Florida and New Jersey. The remainder were scattered throughout the eastern United States.

As in 1981, Japan and the United Kingdom were the principal source countries, accounting for 21 of the 34 completed transactions.Other source countries with at least two investments were West Germany, Canada, and Sweden.

The two most significant transactions were by Siemens AG (West Germany's largest electrical company), which increased its ownership to 85 percent of Siemens-Al1is Inc. (Atlanta, Georgia) by acquiring an additional 35 percent from its joint venture partner A11is-Chalmers Corp., Milwaukee, Wisconsin, for $75 million; and the Plessey Company Ltd., (a major British telecommunications equipment manufacturer) acquisition for $57 million of Stromberg-Carlson1s telephone switching operations in Florida, New York, and Oklahoma.

Retail Trade (SICs 52-59) — 1982 Foreign direct investment activity in the retail sector remained about the same as in 1981, with 42 cases identified during 1982. Values for 18 of the 1982 transactions amounted to $540 million, while values for 27 in 1981 total led $659 mi 11 ion.

The most active retail subsector was apparel and accessory stores with 11 investments, followed by eating and drinking places with 9 identified transactions. Although the general merchandise stores subsector had only 3 transactions with known values, the $408 million total represented over 75 percent of the total known value for the retail sector. One large transaction was primarily responsible. BAT Industries, a British diversified retail chain that has acquired numerous retail ventures in the United States — including Saks Fifth Avenue, Gimbels, Brown and Williamson Tobacco Company, Kohl Food and Department Stores, and Appleton Papers Inc.— acquired the Marshall Fields Department Store chain for $365 mi 11 ion.

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Canada and the United Kingdom accounted for over 45 percent of the total number of transactions with 10 each. Foreigners invested in retail trade in 13 states, with New York having the greatest concentration (15) followed by Florida (5). Investments in New York were mainly in speciality apparel stores and boutiques. As in previous years, the modes of investment most often utilized by foreign investors in this sector were to establish their own ventures (24) or to acquire existing operations (14).

Banking (SIC 60) — During calendar 1982, 39 completed banking transactions were identified. Thirty-one of the completed cases had reported values, which totalled $1.2 billion. The increase in banking subsector value figures from 1981 to 1982 is primarily due to a change in data recordation rather than an increase in investment activity. Calendar 1982 is the first year in which capitalization figures for foreign bank Edge Act companies,Agreement Corporations, branches, and agencies were used as proxies for investment values by the Federal Reserve Board. In terms of completed investment cases, the number actually fell significantly from 71 to 39 during the period.

Most of the completed 1982 banking investments by foreign firms were in New York, California, and Florida, with these states accounting for about 85 percent of the total. As in recent years, the large number of foreign bank establishments in New York is partly related to the tendency of foreign parent banks to choose New York as a "home state." The choice of a "home state" is required under provisions of the International Banking Act of 1978.

During 1982, investors from Brazil (6), France (5), Italy (4), and Hong Kong (3), accounted for almost half the completed transactions. Thus, the majority of completed banking investments were produced by investors from countries other than the traditional major source countries. Banking activity on the part of investors from these countries suggests a desire to establish a firm financial presence in the United States under provisions of relatively friendly regulatory legislation. In prior years, foreign parent banks, principally from the industrial countries of Europe and Japan, had acquired existing U.S. banks or established U.S. agencies or branches. During 1982, the overwhelming majority of completed foreign banking investments involved new establishments in the form of agencies, branches, Edge Act companies, and Agreement Corporations.

By the close of the period, two major transactions were identified. The first was Arab Banking Corp.'s (Bahrain) establishment of a new branch in New York City, with U.S. assets of $454 million. The second was Istituto Bancario San Paolo di Torino's (Italy) acquisition of 85 percent of First Los Angeles Bank for $56 million.

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Services — (SIC 72-89)

As in most of the other industries, the number of transactions identified during 1982 in the services sector declined. There were38 transactions identified during this period with values known for 17 in the amount of $435 million, compared to 50 transactions in 1981 with values known for 17 in the amount of $414 million.

The subsector SIC 73 — Business Services — remained popular with foreign investors as in previous years. There were 29 transactions identified with values for 13 totalling $158 million. While most of the investments in this subsector were computer and data gathering services, the largest transaction was the acquisition of New York - based Compton Communications, an advertising agency, by the British advertising agency Saatchi and Saatchi for $57 million.

Two other noteworthy transactions took place in the services sector. In the Automotive Services sector, Deanlake Investment, (Hong Kong), controlled by Thomas Chen Tseng Tao, acquired the parking lot and real estate operations of All right Auto Parks of Texas for $101 million. In Health Services, Hoffmann LaRoche, the giant Swiss multinational pharmaceutical company, acquired Biomedical Reference Lab, a North Carolina clinical lab testing service for $165 million. These three transactions accounted for $323 million, or 74 percent of the total value known for this sector for 1982.

Investments in this service sector originated in fifteen countries. As with other industries, the traditional foreign source countries remained the most active investors, with the United Kingdom contributing 11 and Japan, 5. Other countries had less than four each.

Sixteen states were the benefactors of these investments, with no particular geographical concentration. New York lead with 7 investments. Maryland and Texas followed with five each. Other states had three or less.

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Real Property — For the year 1982, 298 commercial real estate investments were identified, which involved foreign investors in the purchase and development of U.S. real property. Of these, 124 transactions had known values, totalling $6.1 billion. Seventeen of the 124 had values in excess of $100 million. (Purchases of agricultural land and of individual residential units are not included in this report).

These 298 real estate transactions comprised one third of all the direct investment transactions identified in 1982, and accounted for43 percent of the annual value of all transactions on which values were established. Real estate's share of total foreign direct investment has fluctuated annually, but in absolute dollar terms grew annually until 1981. Last year, the value declined from the 1981 level of $7.4 billion.

Canadians maintained their dominance as the principal foreign investors in this sector, accounting for 95 transactions, one-third of the total in this sector. By value, 29 of these investments on which values were established, accounted for $3.1 billion, over half the total identified sector value. Nevertheless, the number of 1982 Canadian real property investments was only about one half of the comparable 1981 figure.

The Canadians were followed by the British, who accounted for 50 investments, with 17 identified values totalling $1.3 billion.Third in the real estate sector were the Japanese with 23 investments, for which 10 values were identified, aggregating $815 mi 11 ion.

In terms of the size of their investments, the Canadians were again at the forefront, with the big developers and real estate holding companies — Bramalea, Cadil lac-Fairview, Campeau, Carina,Markborough Properties, the Bronfmans (through Olympia and York), and Trizec — committing $2.4 billion in just 9 projects of over $100 million each. MEPC Ltd., European Ferries Ltd., and an unidentified investor group, all of the United Kingdom, committed a further $665 million in four other large projects.

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Pending Transactions

In addition to the 900 plus investments identified as completed during 1982, there were 232 cases pending at the close of the year Estimated values were available for 91 of these pending transactions, with an aggregate total of $3.9 billion.

One of the most interesting features of the pending transactions was the large number of potential investments accounted for by investors headquartered in Japan (see Table VIII). The 80 Japanese investments pending a exceeded the number for the other major source countries, the United Kingdom (49) and Canada (27).

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REPORT PERIOD : 31/i ? - 1 2 / ^ 2TABLE VIII SOURCE COUNTRIES - PENDING CASES 1982

W H B ER NUMBER CASES/ VALUEOF CASES VALUE KNOWN ($ MILLION)

TOTAL 2 32 91 3*870.5

PRINCIPAL S"> JR3 I COUNTRIES 203 78 2*864.9

C A N AD A 27 12 72 0.4ER A MCE 13 5 54.6GERMANY* FEDERAL REP 21 11 417.1JAPAN 80 15 700.7NETHERLANDS 10 6 51.2SW ITZERLAND 3 2 4.9UNITED K[ N 3 DO M 49 27 916.0

OTHER EUROPE lf> 4 74.9

AUSTRIA 1 0 0.0BELGIUM 2 1 1.6ITALY 2 1 0.3SWEDEN 5 2 73.0

OPEC COUNTRIES 4 1 40.0

SAUDI ARABIA 4 1 * o • o

OTHER m j p 0L[ EAST 1 1 63.5

UNITED ARAB EMIRATES 1 1 63 .5

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REPORT PERIOD : 01/82 - 1J/82T43LF V I I I SOURCE COUNTRIES - PfMJIMS CASES 19S2

NUMBER N U M B E R C A S E S / V A L U EOF C A S E S v a l u e m o m f S M I L L I O N >

OTHER A S I A AND P A C I F I C 4 2 8 6 * 0

CHIRAC TAI W A *i> 1 1 2 0 * 0HONG KON3 3 1 6 6 . 0

OTHER WESTERN! HEMISPHERE 5 2 6 5 6 . 5

ARGENT i m 1 1 6 50 *0BRAZI L 1 0 0*0NETHERLANDS A N T I L L E S 2 1 6*5PANAMA 1 0 0*0

; a l l o t h e r c o u n t r i e s 3 2 3 2 . 7

SOUTH APRI CA 3 2 3 2 . 7

UNKNOWN! 2 1

1o•CMin

I

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APPENDIX A.

LISTING OF INVESTMENT TRANSACTIONS

by

STANDARD INDUSTRIAL CLASSIFICATION (SIC)

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S.I.C. Lookup TableSIC Description

Agriculture01 Agricultural Production - Crops02 Agricultural Production - Livestock07 Agricultural Services08 Forestry09 Fishing, Hunting § Trapping

Mining10 Metal Mining11 Anthracite Mining12 Bituminous Coal § Lignite Mining13 Oil § Gas Extraction14 Non-Metallic Minerals, exc Fuel

Construction15 General Building Contractors16 Heavy Construction Contractors17 Special Trade Contractors

Manufacturing20 Food § Kindred Products21 Tobacco Manufactures22 Textile Mill Products23 Apparel § Other Textile Products24 Lumber § Wood Products25 Furniture § Fixtures26 Paper § Allied Products27 Printing § Publishing28 Chemicals § Allied Products29 Petroleum § Coal Products30 Rubber § Misc. Plastics Products31 Leather § Leather Products32 Stone, Clay § Glass Products33 Primary Metal Industries34 Fabricated Metal Products35 Machinery exc. Electrical36 Electric § Electronic Equipment37 Transportation Equipment38 Instruments § Related Products39 Misc. Manufactures

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S.I.C Lookup Table ContinuedTransportation § Public Utilities

40 Railroad Transportation “41 Local § Interurban Passenger Transit42 Trucking § Warehouse43 U.S. Postal Service44 Water Transportation45 Transportation by Air46 Pipe Lines, exc. Natural Gas47 Transportation Services48 Communication49 Electric, Gas § Sanitary Services

Wholesale Trade50 Wholesale Trade - Durable Goods51 Wholesale Trade - Nondurable Goods

Retail Trade52 Building Materials § Garden Supplies53 General Merchandise Stores54 Food Stores55 Automotive Dealers § Service Stations56 Apparel § Accessory Stores57 Furniture § Home Furnishings Stores58 Eating § Drinking Places59 Miscellaneous Retail

Finance, Insurance § Real Estate60 Banking61 Credit Agencies Other Than Banks62 Security, Commodity Brokers63 Insurance Carriers64 Insurance Agents, Brokers65 Real Estate66 Combined Real Estate/Insurance67 Holding 5 Other Investment Offices

Services70 Hotels § Other Lodging72 Personal Services73 Business Services75 Auto Repair Services, etc.76 Misc. Repair Services78 Motion Pictures79 Amusement 5 Recreation Services80 Health Services81 Legal Services82 Educational Services83 Social Services84 Museums, Botonical Gardens, etc.86 Membership Organizations88 Private Households89 Miscellaneous Services

Puiblic Administration91-97 Administration

Non-Classifiable Establishments99 Non-Classifiable Establishments

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Nationality Lookup Table

AR ArgentinaAS AustraliaAll AustriaBA BahrainBD BermudaBE BelgiumBR BrazilCA CanadaCl ChileCJ Cayman IslandsCO ColumbiaDA DenmarkIR IrelandEG EgyptFI FinlandFR FranceGE Germany, Fed. Rep.GI GibralterGJ GrenadaGV GuineaHK Hong KongIN IndiaIR IranIS IsraelIT ItalyJA JapanKS KoreaKU KuwaitLS LiechtensteinLY LibyaMX MexicoNA Netherlands AntillesNL NetherlandsNO NorwayPM PanamaSA Saudi ArabiaSN SingaporeSO South AfricaSP SpainSW SwedenSY SyriaSZ SwitzerlandTC United Arab EmiratesTD Trinidad and TobogoTH ThailandTW China, TaiwanUK United KingdomVE VenezuelaVI Virgin Islands, British

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S I CSUMMARY REPORT

FOREI GN D I R E C T IN V ESTM ENT IN THE UNITED S T A T E S1 982

SI C US FIRM NAME LO C AT I ON FOREIGN INVESTOR NAT TYPE VALUE S TAT US

0181 ARMSTRONG NURSERIES I KC * ONTAR 10 CA MOET CHAND ON * MERCIER & HENNESSY FA FR AM PENDING0181 HOLMES NURSERY T AMPA f l PI NES* OR* RICARDO VE AM c o m p l e t e02 52 POKETY CAMBRIDSE MD HA DID f HOHAMHEO SA AM 4*0 COMPLETE02 54 C-P CO. OMAHA HE I MPERI AL GROUP L T D . UK JV COMPLETE09 21 ANADROMOUS INC* S T . HELENS OR U N I T E D K I N G D O M 3 0 V T . OF ( T H E ) UK AM COMPLETE1 0 1 1 ( T H E ) HANNA M INING CO CLEVELAND OH CONRAD & MONTAGU BLACK C A El 9 0 . 0 COMPLETE1 0 2 1 CHINO MINES C P . HURLEY NM U N I T E D KINGDOM* GOVT OF UK <*r 6 8 * 6 PENDING1 0 2 1 C I T I F S S E R V I C E CD'S CCPPER OPERATI C M I AMI A 2 OP PENHEIME R * HARRY F* S 0 AM 1 8 . 9 PENDING1 0 2 1 COPPER E XPLORAT ION LEASE MN U N I T E D KINGDOM* 3 0 V T * OF C THE ) UK AM COMPLETE1 0 2 1 COPPER MINE S I L V E R C I T Y NM RO LI DEN A3 SW JV COMPLETE1 0 2 1 NEWMONT MIMING CHRP NEW YORK NY OP PENH E TME R * HARRY F SO E l COMPLETE1 0 41 GOLD GUARRf MINERAL LANDS \iV OPPENHEIME R * HARRY F* so AM 7*8 COMPLETE1041 HECLA M I N I V G - C A N . NATURAL RESOURCES KINGMAN AZ CANADIAN NATURAL RESOURCES L T D . C A JV COMPLETE10 4 4 GULF RESOURCES I CHEMICAL CORF* HOUSTON TX AL AN CLHRE UK E l 37*1 COMPLETE1044 S I L V E R DOLLAR MIMING CO E T AL W ALLACE ID F A I S A L AB U ~K H& OR A E T AL SA AM 14*6 COMPLETE1 0 61 ANACONDA CORK’ S MOLYBDENUM PROJ ECT TONAPAK m C. I TOH & CCU LTD JA AM 400*0 PENDING1061 MOLYBDENUM PROCESSING PLANT WA RI O T I N T O - Z I N C CORP. L T D . UK NP 4®. 0 PENDING1094 COGEMA INC MASHINGTON DC FR ANCE* S OV T D = FR OT COMPLETE1094 PATHFI NDER MIMES CORP. SAN FRANC I SCOCA FRANCE* GO V f T DF FR AM COMPLETE1094 PATHFI NDER H I NE S CORP. RIVERTON U Y FR ARC E * GOVT Or FR or COMPLETE1094 RESERVE OI L & MINERALS CORPf S MI NI N NM U N I T E D KINGDOM* GOVT OF UK AM •00 COMPLETE1 1 1 1 AVERY COAL C O . H I L I PS B U R G PA ALEXANDER GORENJ I S E l COMPLETE1 1 1 1 I NT E R N A T I O N A L ANTHRACI TE COf S MINE P O T T S V I L L E PA FRANCE, SOVT Oc FR E l PENDING1 2 1 1 AMAX COAL I NC -K A WA S AK I STEEL J V B ELLE AYR WY KAWASAKI S T F E L CORP. JA JV PENDING1 2 1 1 ASHLAND COAL INC* ASHLAND KY G o v n OF SPAIN! SP E l 44*3 COMPLETE1 2 1 1 COAL LEASE SPRING OR Ay y Y R O Y A L DUTCH SHELL GROUP NL AM 1 7 . 9 PENDING1 2 1 1 COAL MINE DEVELOPMENT CO. BEARING RIVE R AK HYUNDAI GROUP ET AL KS J V • 1 COMPLETE1 2 1 1 CORAL CANYON HINE WY JAPAN* 00V * T Or JA AM PENDING1 2 1 1 DEHUE MINE ET AL WV ROYAL DUTCH SHELL GROUP NL AM COMPLETE1 2 1 1 GRAND MESA & BLUE RIBBON COAL MINES CO TOYO MENKA KAISHA L T D . JA JV PENDING1 2 1 1 HARLAN FUEL CO. KY SEAMAN BROTHERS CA AM 2 . 2 COMPLETE1 2 1 1 K I I T ENERGY CORP. CLEVELAND OH GOVT OF T H E UNITED KINGDOM UK AM 55 * 7 COMPLETE1 2 1 1 PYRO MINING CO. E V AN S V I L L E IN CO ST AI N SR OUP LTD UK AM 72*0 COMPLETE1 2 1 1 R I LD A & T I E FORK CANYONS MINES UT MARUBENI C 0RD J A JV PENDING1 2 1 1 SC CT T f S BRANCH COAL MINE P IKEV I LL E KY NETHERLANDS* S O V' T OF NL AM COMPLETE1 2 1 1 S T UR G I S COAL M * E S T U R G I S KY C OS T AI N HOLDINGS LTD* UK OT PENDING1 2 1 1 WESTMORELAND CCAL CO* P H I L A D E L P H I A PA WEST GERMAMY* SOVT OF GE AM 3 2 . 5 COMPLETE1 2 1 1 WH EEE RIGHT COAL PROPERTY AND PLANT KY HARRY F* 0 PPENHE I HE R SO AM COMPLETE1311 ALASKA NAT P E T RESERVE O I L LEASES AK U N I T E D KINGDOM* GOVT. OF ( T HF) UK AM 1 . 9 PENDING1311 ALASKA NAT* P E T . RESERVE OI L LEASES AK ROYAL DUTCH SHELL GROUP NL AM 3 . 3 PENDING1311 ALASKA NAT . P E T . RESERVE OI L LEASES AK ROYAL DUTCH SHELL GROUP NL AM . 3 PENDING1311 AMERICAN G J A S A R - C O N t t U E S T - S O H I 0 JV GO V*T OF T H E UVITED KINGDOM UK JV 5 3 . 0 PENDING1311 AMOCO-SANTA FE I N A T #L O IL e x p l VENT KS GOVT OF K U W A I T KU JV §7*5 COMPLETE1311 ANDOVER OIL CO TULSA OK K U y A I T * SOVERMMEMT OF KU AM 1 5 0 . 0 COMPLETE1311 BEAUFORT SEA 0 I L/GAS LEASES AK ROYAL DUTCH SHELL GROUP NL AM PENDING1311 BEAUFORT SEA C IL/SAS LEASES AK U N I T ED KINGDOM* S O V T . OF ( T H E ) UK AM 1*7 PENDING

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SICSUMMARY RE*PORT

FOREIGN D I R E C T I NVESTMENT IN T H E UNITED S T A T E S1 9® 2

SI C US FIRM NAME L OCAT ION FOREIGN INVESTOR NAT TYPE v a l m S T AT U S

1311 BEAUFORT SEA OIL/GAS LEASES ak U N I T E D K I N G D O M * G OVT. OF ( T H E ) UK AM 1 1 . 7 PENDING1311 CONOCO I N C - T R I C E N T R O L RESOURCES JV S T . MARIA BASCA TR I CENTROL PLC UK J V PENDING1311 CORAL PETROLEUM DEV. CO*S OI L 3ROPE TX TR ICENTROL PLC UK AM 4 5 . 0 COMPLETE1311 DECA EWE R Gf C O R P ' S LEASE HOLDINGS SUMMIT COUNTY UT BR CNF MAN FAMILY CA A.M 2 . 0 COMPLETE1311 DIAMOND SNA HR PC K C O R P . - I N P E X JV GOVE KS INDONESI AN PETROLEUM LTD JA J V COMPLETE1311 EXCEL EMER3Y CORP»S O I L PROPERTI ES V I T O L TRAD ING TRUST NV NA AM 3 . 5 COMPLETE1311 GUARD IAN OIL CO. HOUSTON TX GOVT OF FRANCE FR E l COMPLETE1311 MACSON PETROLEUM COR P * S O I L LEASES ANADARKO BASIOK U N I T E D KINGDOM* 3QVT OF UK AM PENDING1311 HAMILTON B R OS . PETROLEUM CORP. DENVER CO A . P. VOLVO SW AM 7 5 . 8 COMPLETE1311 I S L E RESOURCES INC*S oV TX TEXAS E NFR 6 Y LTD UK J V 5 . 0 COMPLETE1311 MC F AR LAN E O I L CO HOUSTON TX GLOBAL NATURAL RESOURCES PROPERTIES UK AM 4 4 . 0 COMPLETE1311 KCMORAN FREEPORT INC f S O I L / G A S LtAS B ANADARKO BASOK U N I T E D KINGDOM* 30VT OF UK AM 8 . 5 COMPLETE1311 MC M OK AN OIL & 0 AS CO . f S O I L LEASES LA U N I T E D KINGDOM* SOVT OF UK AM COMPLETE1311 O I L LEASE ST MARIA BASI CA ROYAL DUTCH SHELL GROUP NL AM . 1 COMPLETE131.1 OI L LEASES ( 1 1 T R A C T S ) PRUDHOE BAY AK ROYAL DUTCH SHELL GROUP NL AM 1 . 0 COMPLETE1311 O I L LEASES ( 1 2 ) KS MAURICE F . STR0N3 ET AL CA AM 1 . 6 COMPLETE1311 O I L LEASES C I S ) GULP OF MEXTCT X ROYAL DUTCH SHELL GROUP NL AM 1 0 7 . 8 COMPLETE1311 OI L LEA S E S C4> G ULF OF " E X I C T X BRONFMAN FAMILY CA AM . 6 COMPLETE131 1 O I L tLEASES 1 9 ) KENAI AK ROYAL DUTCH SHELL GROUP NL AM . 3 PENDING1311 O IL L E A S E S - L I T T L E CLARK F I E L D L I T T L E CREEK MI ROYAL DUTCH SHELL GROUP HI m COMPLETE1311 O I L LEASE S - T R AC TS 12 + 36 BEAUFORT SEA AK ROYAL DUTCH SHELL GROUP NL AM 1 . 0 COMPLETE1311 0 1 L/GAS PRUDHOE BAY AK U N I T E D KINGDOM* 30VT OF UK AM 1 . 1 COMPLETE1311 91 LAS AS L E AS E -F U G P N E ISLAND 3 16 GULP OF MEXICTX U N I T E D KINGDOM* GOBT OF UK AM 9 . 5 COMPLETE1311 O IL / G A S L E A S E - T R A C T # 8 -•CONCEPTION C.A ROYAL DUTCH SHELL GROUP NL AM . 3 COMPLETE1311 O IL / G A S LE AS E S MONTEREY C A U N I T E D K I VI G DOM * SOVT OF ( T H E ) UK AM 7 . 4 COMPLETE1311 01 L / f AS LEA SES BEAUFORT SEA AK U N I T E D KINGDOM* SOVT OF UK AM 5 3 9 . 0 COMPLETE1311 O I L/ G A S L E A S E S BEAUFORT SEA AK ROYAL DUTCH SHELL GROUP NL &M 1 . 8 COMPLETE1311 OI L/ GA S L EA S E S BEAUFORT SEA AK U N I T E D KIM G DOM* GOVT OF UK AM 6 9 . 8 COMPLETE1311 O I L / (5 AS L E A S E S BEAUFORT SEA AK ROYAL DUTCH SHELL GRPUP NL AM 3 . 3 COMPLETE1311 O IL/ GA S L E A S E S BEAUFORT SEA AK € T l -E) B R I T I S H PETROLEUM CO LTD UK AM 1 . 6 COMPLETE1311 O IL / G A S L E A S E S GULF OF ME* I CL A ROYAL DUTCH SHELL GROUP NL AM 1 0 . 2 COMPLETE1311 O I L/ GA S L E A S E S GULF OF MEXICLA ROYAL DUTCH SHELL GROUP NL AM 7 . 6 COMPLETE131 1 01 L AS AS L E AS E S BEAUFORT SEA AK ROYAL DUTCH SHELL GROUP NL AM 7 5 . 6 COMPLETE1311 O IL/ GA S L E A S E S GULF OF MEXICLA BRONFMAN F AMILY CA AiM . 2 COMPLETE1311 01 L AG AS LEASES GULF OF MEXICLA BRONFMAN FAMILY CA AM . 3 COMPLETE1311 O IL / G A S L E A S E S ( 2 ) GULF OF MEXICLA U N I T E D KINGDOM* GOVT OF UK &M 8 . 2 COMPLETE1311 O I L / G A S L E A S E S €6 ) SANTA BARBARACA FRANCE* &OVT Qr FR AM 2 . 0 COMPLETE1311 P A C I F I C ENERGY INVESTMENTS SECRGE S . 3 . TAN HK AM COMPLETE1311 PARADOX B ASI N OIL LEASES MONTEZUMA CTYCO TR ICENTROL PLC UK AM 7 . 7 COMPLETE1311 PO y CO OI L SAS INC * S ASSETS DALLAS TX TOYO MENKA KAISHA LTD JA AM 3 0 . 0 COMPLETE1311 SAG D E L T A - O U C K ISLAND pR0 J E C T PRUDHOE BAY AK U N I T E D KINGDOM* SOVT OF UK JV PENDING1311 SHELL C A L I F O R N I A PRODUCTION I M C . CA ROYAL DUTCH SHELL GROUP NL OT COMPLETE1311 SO H I O * S L PS PROJECT PRUDHOE BAY AK U N I T E D KINGDOM* SOVT OF UK PE 1 7 1 . 1 COMPLETE1311 TAURUS O I L CO RP . DENVER CO KHALID BIN F^HO AL F A I S A L SA AM . 5 COMPLETE1311 TEXAS OI L 4 GAS COR P f S O I L LEASES TX PETR OFI NA SA BE AM 5 8 1 . 6 COMPLETE1311 TEXASGULF 5R0UP*S WELL EXPANSION LA FRANCE* SO V #T OF FR COMPLETE

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SICS U M M A R Y R E P O R T

F O R E I G N D I R E C T I N V E S T M E N T I N T H E U N I T E D S T A T E S 1 9 8 2

SIC US F I KM MA'IE LOCATION FOREIGN INVESTOR N A T T Y P E V A L U E S T A T U S

1 3 1 1 THCMSON-JENSEN ENERGY LTD DALLAS TX THOMSON FAMILY C A O T C O M P L E T E1 3 1 1 TOSCO CORP-JAPAN N A T • L OIL CO RP JV SAND MASH UT GOVT OF JAPAN J A J V P E N 0 I N 61 3 1 1 TR IC ENTP DL RESOURCES INC. DENVER CO TRICENTROL PLC U K O T C O M P L E T E1 3 1 1 WANS-I SHI T“ X A S TNC. OK W A N B I S H I SANGYO J A P E P E N D I N G1 3 a l MI CL AND SOUTHWEST CORP. Midland TX CONRAD & G• MOMTAGU BLACK C A El P E N D I N G13 8 2 ARABIAN SHI FLO DEVELOPMENT CO. DALLAS TX KHALIO IBN A30ULLAH IBN ABOUL S A r i C O M P L E T E1 3 8 2 EX Cr L ENERi Y CORP DENVER CO VITSL TRADING TRUST NV N A E I C O M P L E T E138 2 GEOCONSULT INC. DFNVER CO FRANCE* 6 0 VT 0 ^ F R O T C O M P L E T E138 2 PETROTECH IMC ST CLAIR MT UK TEMPERANCE S SENL PROVIDENT I N S T U K E l • 3 C O M P L E T E13 82. SA8A OIL & GAS CORP HOUSTON TX HERBERT R. T O W M I N G U K AM C O M P L E T E142 2 BOSTON INDUSTRIES CORF. SAN ANTONIS TX R E CLAUD PLC U K AM 7 0 . 4 P E N D I N G14 23 GENSTAR STD ME PRODUCTS CO. FREDERICK MD GENSTAR LTD. C A PE 1 L 3 . 0 P E N D I N G14 7 5 HOPEWELL'S phosphate pine TAMPA fl ZINOR HOLDINGS LTD C A O T P E N D I N G1 4 7 5 PBCSPHATE MI NF TAMPA FL ZE N - N O H J A O T P E N D I N G1 5 2 1 FERINE!. HOMEPUILDER I MC CLEARWATER FL LE CROUPE FERRET SAVINEL F R O T C O M P L E T E1 52 2 TOQA CONSTRUCTION OF CALIFORNIA IRVINE CA TOD# CONSTRUCTION CO. J A O T C O M P L E T E1541 S. A. HEALY CO . CHICAGO IL UN IDENTIFIED I T AM C O M P L E T E15 42 POLYGON C OR P • BELLEVUE WA POLYGON IMVESTMEMTS LTD C A O T C O M P L E T E1 1 1 1 SAM P. WALLACE CO* INC. DALLAS TX PHARAONt G HAI TH S A E l C O M P L E T E20 13 KEYSTONE FD CDS CORP. BRYN MAWR PA NORTHERN FOODS LTD* U K AM 6 9 . 1 C O M P L E T E2026 CRCWLEY FOODS I N C . BINGHAMTON NY KONINKLIJK E VESSANEN NV N L AM 1 6 . 4 P E N D I N G2033 A* L. STEUA«T & SONS CO. CHERRYFIELC ME OXFORD FROZEN FOOOS LTD* C A AM C O M P L E T E2033 DU FF Y- HOT T C O . I NC . NEW YORK NY CA DBURY-SC HWEPPES LTD. U K AM 6 0 * 0 C O M P L E T E2034 AKF F^ODS INC PRESQUEISLF ME MCCAIN FOODS LTD* C A El . 1 C O M P L E T E2034 ENWAY IMC. PORTLAND OR RESTAURANT SKYLARK C O * J A J V • 2 C O M P L E T E204 1 NEM FNCy LAN) MILLING AYER MA I T A U S R A N I SPA I T H P . 3 P E N D I N G20 43 BUSCH I N D U S T R I A L P R D T S . I MC. LAFAYETTE IN BAR®N LAMBERT B E AM C O M P L E T E2065 COMET CONFECT 10MERY ST. ALBANS VT COMET CONFECTIONERY LTD. C A FtP • If P E N D I N G2 0 1 5 KYCWA HAKKO CAPE GIRA RDEAMC KYCWA HAKKO KOSYO C O * L T D * J A m C O M P L E T E2084 MGUEI* M O U C I X FAMILY F R HP P E N D I N G20 8 4 SCHRAMSBER" /R FMT NAPA VALLEY CA E* REMY MARTIN & CIE SA F R J V C O M P L E T E20 85 BA PTC*' BRANDT L T D . CHICAGO IL AMALGAMATED DISTILLED PROOUCTS PLC U K AM 3 8 . 0 C O M P L E T E208b COCA-COLA B O T T L I N G C O . SALEM NH KIRIN BREWERY CO. LTO. J A AM 1 6 . 5 C O M P L E T E2 0 86 HI NCKL EY & S CH M IT T I N C . CHICAGO IL CIE GENERALE DES EAUX SA F R AM C O M P L E T E208 6 HOLLAND HOUSE BRANDS CO. RIDGEFIELD NJ CADBURY SCHWEPPES LTD. U K AM P E N D I N G20 91 SE A KLI PP r I S H CO. L T D . SEATTLE WA SEA KLIPP N O H P C O M P L E T E20 92 NICKERSON SEAFOODS LOWELL MA J . E . A . NICKERSON C A AM C O M P L E T E20*39 AMERICAN I ND U S TRI ES C € . I N C . SAN F RANCISCOCA NAKANO VINEGAR C O . J A m 5 . 5 C O M P L E T E2 2 1 1 AM E R I CAM SC ML AF HOP S T CHARLOTTE NC SCHLAFHORST & C® KG G E H P P E N D I N G22 1 1 GOLDIES PI DU ?T PIES INC* MEW YORK NY THE CHARTERHOUSE GROUP PLC U K AM C O M P L E T E22 2 1 VEROSOL USA PITTSBURGH PA VEROSOL V A C U U M METALLIZING B V N L NIP C O M P L E T E22 41 OPTICAL FBEP DI»'. OF -»DUPONT WILMINGTON DE M I T S U B I S H I R A Y O N C O . L T O J A AM C O M P L E T E2271 PLCOMSRURO CARPET INDLSTRIES INC. BLOOMSRURG PA R E A D I C U T . I N T * L L T D . U K AM C O M P L E T E228 1 AK70WA INC ASHEVILLE NC AK Zd N.V* N L E l 6 8 . 0 C O M P L E T E2 2 9 1 LUTRAVIL CO. DURHAM NC FREUDENBERG FAMILY G E 10 * § C O M P L E T E23 4 1 MUNS I NGWE UC MINNEAPOLIS MN C I T O H * C O * T 3 Y D B O & C O A N D D E S C E N J A E l C O M P L E T E

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SICSUMMARY REPORT

FOREIGN DIRECT INVESTM ENT IN THE UMITEO STATES 19* 2

SIC US FIRM N AM E LOCATION

242 6 HARRIS MANUFACTURING CO* JOHNSON CITY TN243 5 PLEASANT HILL VENEER CORP PLEASANT HILLMO2499 CLEAN NATURAL FIRELOG INC. COLUMBUS OH25 1 1 VELDA U .S . LOCK HAVEN PA2542 LY C N METAL PRODUCTS INC.* AURORA TL2 6 1 1 KEYES FI BE-* CO* STAMFORD CT2 6 1 1 LEAF KIVER CORP. NFW AUGUSTA MS2 6 1 1 SCOTT PAP FA CO. wINSLOV ME26 1 1 SCCTT PAPE* CO. WINSLOW ME2621 SCCTT PAPFR CC. LA2 63 1 CROWN ZELLERBACH CORP-SETTSU JV PORT TOtfN SENDWA263 1 DIAMOND INTERNATIONAL CORP NEW YORK NY2 6 5 1 BRIK PAK IHC DALLAS TX26 5 1 DIAMOND i m T ' L COPP«S PKG DIV LOCKLAMD OH265 1 FO ROEM CO. MADISON y i2 7 1 1 BOSTON HFRALD AMERICAN BOSTON MA2^11 DAILY MIN IMG GAZETTE HOUGHTON MI27 1 1 DOLLAR SAVER SHOPPERS GUIDE JACKSONVILLE FL2 7 1 1 THE WASHINGTON TIMES WASHINGTON DC27 2 1 BUREAU OF MATIGNAL AFFAIRS WASHINGTON OC2721 CAMBRIDGE SCIfMTIFIC ABSTRACTS B ETHESDA MO2721 INAT *L THOMSON TECHNOLOGY INF OR MAT I' NORWALK CT2721 INTERNATIONAL REPORTS INC NEW YORK NY2721 UNIDENTIFIED MAO AZINE PUBLISH FR273 1 DEVELOP. SYSTEM CORP9 S PUBL* OPERAT CHICAGO TL2731 ELSEVIER INC. ARLINGTON VA2731 JOHN dF.ATHERH ILL INC NE M YORK NY2752 STANDARD COLDR PRINT-TKS JV MORRISTOWN TN28 MARION LABS JV KS2 8 13 AIRCG I N C MONTVALE IL2 8 13 AMERGIES INC. J . V . VALLEY FORfE PA2 8 1 3 CARDOX CORP PITTSRURGH PA28 13 LIQUID AIR CORPS PLANT BAY TOWN TX28 19 BA 0 I SCHE CORP. WILLIAMSBURG VA28 19 E. I* OU PONT or NEMOLRS CO* VALLEY FORSE PA2 8 1 9 ELECTROCHEMICAL TECHNOLOGIES CORP DALLAS TX28 lc MO R T 0 M-N 0 Rtf IC H PRODUCTS INC. CHICAGO IL2§ 19 NOVRY CHEMICAL CORP BAYPORT TX2821 AMERICAN HOECHST CORP. GREER s c2821 E* I* DUPOM T CE NEMOURS CO* WILMINGTON DE2821 E. I \ DU PCM T h-F MOORS CO* WILMINGTON DE282 1 p o l y c h r o m e COFP YONKERS NY2821 RUSSELL PLASTICS TECHNOLOGY LINDENHURST NY282 1 SOH T 0 f S V IS T R C*! PL ANT PORT LAVACA TX2822 G O O D R I C H PLANT PORT NECHES TX2823 E. I . DUPONT DE NEMOURS RICHMOND VA

FOREIGN IN VEST DR N A T TYPE V A L t f E S T A T U S

SWEDISH MATCH AB SW AM P E N D I N GUNION VENEERS LTD UK HP C O M P L E T ETOMMY WANG T i l H P C O M P L E T EVELDA NV B E P E 1 * 6 P E N D I N GAMERICAN VALUES MV N A El 1 * 9 C O M P L E T EVAN leer GRCEP STICHTING BV N L AM C O M P L E T EKY PI KYMMENF DY FI J V 1 0 4 . 4 C O M P L E T EBRONFMAN FAMILY CEDWARD & PETER) C A P E 9 . 0 P E N D I N GBR CNFMAN ~AMIl Y CEDWARD & PETER) C A HP 5 . 8 C O M P L E T EBRONFMAN ^AMILY (EDWARD * PETER) C A El 2 0 . 0 C O M P L E T ESETTSU PAPER 93ARD MFG CO* LTD. J A J V P E N D I N GJAMES GOLDSMITH UK El 4 5 5 . 0 C O M P L E T ERAUSIG FAMILY SW HP 4 0 . 0 P E N D I N GSMURFIT FAMILY El AM 2 3 . 8 C O M P L E T E(THE) DICKINSON ROBINSON GROUP LTD. UK AM c o m p l e t eRUPERT MURDOCH A S AM 8 . 0 C O M P L E T ETHOMSON FAMILY C A AM C O M P L E T ETHE DICKENSON TRJST LTD UK AM C O M P L E T ESUN MYUNG MODM K S D T 1 * 6 C O M P L E T ETHOMSON FAMILY C A AM 4 5 . 0 P E N D I N GVNU NV N L AM C O M P L E T ETHOMSON FAMILY C A O T C O M P L E T ETHE DICKENSON TRUST LTD UK A,M 3 . 6 C O M P L E T EREINHARD M CNN G E A*M 2 . 0 P E N D I N GTHE DICKENSON TRUST LTD UK AM C O M P L E T EELSEVIER-NDU NV N L O T C O M P L E T ETANKOSHA J A O T C O U P L E T ETOKYO KIK A I SEISAKUSHO LTD. J A J V COMPLEtETANABE SIEYAKO CO* LTD* J A J V C O M P L E T EBOC T NT f L LTD U K HP 6 . 0 C O M P L E T EJAPAN OXYGEN J A J V P E N D I N GL* AIR LIOUIDE SA FR m C O M P L E T EBOC INT*L PLC U K AM P E N O I N GBAYER AG G E P E 1 2 0 . 0 C O M P L E T EDEGUSSA AG G E J V C O M P L E T ECHEMNOR CORP S Z J V C O M P L E T ER H m r POULENC SA FR O T C O M P L E T EAKZi N* V. N L P E C O M P L E T EHOECHST AG G E P E 5 3 . 8 C O M P L E T EBRONFMAN FAMILY C A t l 6 5 . 1 C O U P L E T EBR CfSFMAN FAMTLY C A P E C O M P L E T EDA IfUPPON INK AND CHEMICAL LTD JA f tP 3 . 5 C O M P L E T EBTR GROUP PLC U K AM C O M P L E T EMITSUI TQATSU CHEMICALS INC. J A J V C O M P L E T EROYAL DUTCH SHELL GROUP N L AM C O M P L E T EBRONFMAN FAMILY C A P E C O M P L E T E

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SIC

282428312834283428342834283428342834283428342834283428342834284328432844285128632869286 928 6 c28 7 S2® 7928 7 928 7 9289128912892289228^328992911291129112911291129992999299 929992999299930 113021

SICSUMMARY REPORT

FOREIGN DIRECT INVESTMENT IN THE UNITED STATES 1582

US FIRM u m i

SU K IK A HERC KALL FST 4D L AR V0 UR YAMA BE RLE X PH AR RERLF* PHAR CHUG A I PHAR Cl BA CON SUM E . I . DUPO^ GLAXO CORP r*LAX0 CORP LORE* PH A RM ME R K •S JV RASCHIG COR TAKEDA CHEVj Z E K I T H LA R3 SHERFX CH EM SHEREX CHEM WILLIAMS* I PARKER PAI'J AG A GAS I NC KYOWA HAKKD P - L BXOCHEM SANDOZ CO LI C i eA GEI GY RUBICON CHE SHELL CHE HI ZOECON 0 I V TESA CORP TESA CORP GRACF yP & GRACE WR K TOYO- POPE C AMERICAN CA CONOCO I MC. DOUGLAS OIL P A C I F I C 0 AS SHELf O I L C TOTA L PET RO AIRCO INC* BELUG A ME TH COOL WATER S H E L i O I L C UNION CARBI W.R* GRACE* F I RES TOME *3 LACROSSE R J

ULES CO.A B CR ATORIE S INC*NOUCHIM A CENTICAL SMA CEUTICALSMA CEUTICAL CO. LTD.ER PHARMACEUTICALST NEMOURS CO.

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COCOOR PN'S LIr,MIN DIV.

CO*S REFINERY IS 0 .LEUM INC

ANGL PROJECTCOAL GASIFICATION PROJECnOE CCRP.-SCHIO COAL GASI S SYmiELS PROJECT

PLANT R B FR MILLS CO.

LOCAT ION foreign investor NAT TYPE

WILMINGTON OE SUMITOMO CHEMICAL CO. LTD. JA JVAUSTIN TX MONIEDISON SP A IT AM

YAMANOUCPI FHARMACEUTICAL CO* LTD. JA JVWAYNE NJ SCHERING AG GE FEWAYNE NJ SCHERING AG GE PENEW YORK NY CHUSA I PHA RKACIUTICAL CO. LTD. JA HPEDISON NJ Cl BA GETGY LTD. SZ UPDEEPWATER NJ BRCfSFMAN FAMILY CA PEFUQUAY-VARIANNC GLAm HOLDINGS PLC UK HPRESEARCH TRI NC GLAXiO HOLDINGS PLC UK HPSKOKIE IL L*€*RE AL SA FR JVRAHWAY NJ A8 ASTRA SW JVRICHMOND V A RASCHIG GMBH GE ffPWILMINGTON NC TAKEDA CWEMICAL INDUSTRIES LTD JA HPNORTHVALE NJ HARRIS PHA PM/ICEUTIC ALS INVSTS. LTD UK AMDUBLIn OH SCHERING AG- GE PEMAPLE TON IL SHERING AS GE PE

BEECHAM (5ROUP PLC UK AMTACOMA WA REED INT*L PLC UK AMWAKE FOREST NC INDUSTRTVARDEN - AB SU NPCAPE GIRARDEAMO KYCWA HAKKO KOSYO CO LTD JA HPMILWAUKEE WI A 8 FORTIA SW mCHARLOTTE NC SANDOZ LTD. SZ NPHAW PAYNE NY CIBA GEISY LTD SZ 0TWILMINGTON DE IMPERIAL CHEMICAL INDUSTRIES LTD. UK ElMOBILE AL ROYAL DUTCH SHELL GROUP NL KIP

SANDOZ LTO SZ AMBEIER SDORF A3 GE JVBE IERSDORF AG GE JV

DEER PARK TX FLICK* FRIEDRICH KARL GE f*PDEER PARK TX FLICK* FRIEDRICP KARL GE HPPATERSON NJ TOY® INK MFG iCO JA JVGREEN BAY WI REED INTL PLC UK AMPONCA CITY OK BR ClttFMAN FAMILY CA PEPARAMOUNT CA ES SAM KHAS HOG&I SA * n

CA ESSAM KHAS H0GSI SA JVJOHNSON*S RAYLA ROYAL DUTCH SHELL GROUP NL k pARMORE OK FRANCE* GOVT OF FR PESEADRIFT TX BOC INTERNATIONAL LTD. UK HPGRANTE PARK AK 7 1 NOR HOLDINGS LTD. CA JVDAGGETT CA TOKHO ELECTRIC POWER CO. ET AL JA JVNORCO LA ROYAL DUTCH SHELL GROUP NL PE

LA UNITED KINGDOM* GOVT OF UK JVBASKETT KY FRIEDRICH K. FLICK GE HPLAVER SNE TN BRIDGESTONE TIRE CO. LTD. JA AMLACROSSE WI HANSON TRUST PLC UK AM

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30 29306930693069306 93079307930 7 930793079307%3 2 1 13 2 1 13 2 1 13 23 132 4 13 2 4 132 4132 6132 7232723297329732993 31 2331 2331 2331 23 3 1 23 3 1233 123 3 173 3 1 73 3 1 73 3 1 73 3 3 133343339334 13353335633563356344234 4 334 43

SICSUMMARY REPORT

FOREIGN DIRECT INVESTMENT IN THE UNITED STATES1 3B2

US FIRM NAME LOCATION FOREIGN INVESTOR NAT TYPE

KLEIN PLASTICS PRODUCTS IMC. BARABOO WI HA RLE Y LTD. UK mAKyfLL INDUSTRIES INC DOTHAN AL DUNLOP AUSTRALIA LTD AS AMNI SH IYAtf A CORP. OF AMERICA NEW YORK NY NISHUYAMA RUBBER CO. LTD. JA W>PRECISION 3EVCCO INC NC PRECISION RU83ER INDUSTRIES PR-. I VAT IN JVVIKING TECHNICAL RUBBER INC WEST HAWEN CT VIKING ASKIH A/S NO PECE RT A INTEEO CORP. VALLEY FORGE PA FRASCEt GO V *T OF FR E lFABRICATION PLASTICS SEATTLE WA FABRICATION PLASTICS CA HPFORMOSA PLASTICS USA FLOWER MOUND tx FORMOSA PLASTICS GROUP TW HPGRACE MR £ CO. R IVERSIOE CA FLICK* FRIEDRICH KARL G E HPGRACEt W.R. & CC RIVERSIDE CA FLICK FRIEDRICH KARL G E HPMOB I t -HOECHS T JV BATON ROUGE LA HOECHST AG GE JVASAHT g SIERRACTN JV SYLMAR CA ASAWI GLASS CD. LTD. JA JVHQ? Y A OPTICS USA INC. FREMONT CA HOY% CORP JA HPLIBBEY-OWE4S FORD CO. TOLEDO OH PILKINGT0N BROTHERS PLC UK mNORTON CO* SAFETY PRCOUCTS D IV. WORCESTER MA SI E*E GORMAN HOLDINGS PLC UK AMALPHA PORTLAND CEMENT PLANT CEMETON NY HEI0ELBERG ER ZEMENT AG GE AMGENSTAR CEMENT & LIME CO. SAN FRANCISCOCA GENSTAR CORP CA P EKA ISER CEMENT CORP. 0 AKLAND CA LI KA-SHING HK AMKILGORE CE} AMTCS CHRP KILGORE TX BLUE CIRCLE INDUSTRIES PLC UK AMGUTTAWERKE A3 GUTTANIT LINCOLN NC ELDA AG sz M>RPP -INC. CHARLOTTE NC REDLAND LTD UK HPBELROOF I NT L INC. SALT LAKE CITUT BELREF SA B E W>SWANK REFRACTORIES CC. CORAOPOLIS PA TOKfO YOGYO CD LTD JA AHSOLID STATE DIELECTRICS INC. SUN VALLEY CA BR CNFMAN F AMILY CA AMCABVAL HOUSTON TX DEMIN NORD-EST LGNSEWY SA FR JVCOPPERWELD CORP. WARREN OH GO V*T OF FRAMCE FR P ECOVENTRY L*KE CORP. LAKE WALES fl DUNLOP LTD. UK »PHOESCH TUBULAR PRODUCTS CO. HOUSTON TX HO CGOVENS NV NLKAISER STEE L CORP. OAKLAND CA GAITTH PHARACN SA AHROUGE STEEL CO IfcC DEARBORN MI NIPPON K0<AN KK ET AL JA mSANOH MANUFACTURING CCRP SAN DIEGO CA SAN0H INDUSTRIAL CO. LTD JA PECENTURY TU3E CCRP. °INE BLUFF AR DA III A STEEL TJ8E INDUSTRIES CO. LTO JA PECOPP F RWELD CORF TX GOVT OF FRANCi FR mWHEELING-PI T T SPURGH STEEL CORPf S PL ALLENPORT PA KOBE STEEL LTD. JA JVYORK HANNOVER SEAMLESS TUBE INC. PITTSBURGH PA YORK HANNOVER LTD. CA HPASARCO INC. NEW YORK NY M.I .H. HOLDINGS LTD AS ElCA ST FORGE CO . HOWELL MI NIPPON LIGHT METAL CO. LTD JA JVMI CL AND PROCESSING INC. POMONA NY W.C. HERAEUS 3 MBH G E AMREFINEMET INTERNATIONAL CO. WOONSOCKET RI GOVT OF FR ANCE FR E lREVERE COPPER 8. BRASS INC. NEW YORK NY BELZBERG FAMILY CA ElALPHA METALS INC. JERSEY CITY NJ THOMAS TILLING LTD. UK AMALS METALS CO. P ITTSBURGH PA SUMITOMO METALS INDUSTRIES LTD JA JVWESTINGttOUSE F L E C . CORP-MITSU8ISHI UT MITSUBISHI CORP. JA JVHE R 0 A L KANSAS CITY MO HE ROAL GE NPGARSITE PR3DUCTS INC. DEER PARK NY THOMAS TILLING LTD UK mSC HR OFF INC. WARWICK RI SCHRffFF GMBH GE HP

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346534793494349 43496349634 9635 2335233523352335313532353335333533353435343534353535353537354135413541354 13541354135413542354 235443545354535463551355 2355435543555355535593559356 135613562

SBCSUMMARY REPORT

FOREIGN OIRECT INVESTMENT IN THE UNITED STATES1 982

US FIRM NAME LOCATION

VOLKSWAGEN OF AMERICA INC • S t CHARLESTONSULVAC NORTH A Hf RICA CCRP. KENNEBUNK MEBRICK AMERICA INC* HOUSTON TXMAAS FLANGE CO. HOUSTON TXATR WIRE CD. DANVILLE KYLENZNER METAL WORKS ST LOUIS MOSHINKO WIRE' AMERICA I fcC HOUSTON TXCENTURY ENGINEERING'S AGRICULTURAL CEDAR RAPIDS IAIN TL • HARVESTER'S BLOG* MACHY . DIV. CHICAGO ILMAKOR GI8S0N CTY ILSTEIGER TRACTOR INC. NOHOWMET TUR3INE COMPONENTS CORP. W INSTED CTNEC SUNNYVALE CAAN(j L O-MARINE ^PETROLEUM INC. SHREVEPORT LATELECO OILFIELD SFRVICES MIDDLETOWN CTTELECO OILFIELD SERVICES MIDDLETOWN CTARPOR ELEVATOR CO I?>IC . LOUISVILLE KYFUiilTEC CO. NEW YORK NYFU v-1 TEC INDUSTRIES INC* LEBANON OHAUTOMATION SERVICE EQUIP. CO. WARREN MINKC OF AMERICA INC* MEMPHIS TNBARRETT ELECTRONICS CORP. NORTHBROOK ILBRANCH INDUSTRIES MIGICDINGS & LEWIS INC. FOND DU LAC WIGMFANUC (GMF) DETROIT MIMORISEIKI : 0 . DALLAS-FT. WOTXPRC-ECO BUFFALO NYTAKISAWA MACHINE TOOL CO. HOUSTON TXYAMAZAKI MACHINERY CORP. FLORENCE KYPAPAL INC* AVON CTPITTLER AG MIDDLETOWN CTOLOFSSON CORP. LANSING MIME6AT00L IMC. BUENA PARK CASUPIDEN CARBIDE AMERICA INC. MT. PROSPECT ILMAKIFTA USA FRKLN TWNSHIPNJCHEMETRON PROCESS EQUIPMENT INC. LOUISVILLE KYNATL. MINE SERVICE CO* PITTSBURGH PAJAGENBERG INC.* ENFIELD CTPILAO USA INC* ATLANTA SACDMPUSRAPHI C CORP. WILMINGTON MAHARR IGAN R3LLFR CO* INC* BALTIMORE MDELB-GFRH FT* L AUOE RDALFL SYBRON'S PFAUDLER EQUIP. BUSINESS SCHILLER PARKILMITSUI ENGINEERING % SHIPBUILDING C ANCHORAGE AKSPF INC. NORTH HAVEN CT H0X5VER-NSK BEARING CO «

FOREIGN INVESTOR NAT TYPE

SOVT OF WEST GERMANY GE PEULVAC CORP. JA PEBRUNO BRUCK % FAMILY GE OTWILWELM MAASS CLANGE CO. GE NPT0 KfO HOPE MFG. CO. LTD. ET AL JA PELENZNER ME TALL3EWERE GE IfPSHINKO WIRE CO LTO JA PEG. E. MARA CA AMIR F HOLDTN r AG GE AM8ERMARD KRONE GE JVKL0CKNER-HUM8DLDT-DEUTZ AG GEFR AfUC E * GO V*T OF FR HPNIPPON ELECTRIC CO. LTD JA OTDENAI N NORD- EST LCNGWY SA FR JVFRANCEt GOV*T OF FR OTFRANCE* m V * T DF FR PEFRANCE* SOV*T DF FR AMFU JIT EC CO. LTD. JA OTFU J f TEC CO LTD. JA NPGLYNWED LTD. UK AMNAKANISKT metal WORKS CO. JA NPMA NNESMANN AG GE AMTHYSSEN AG GECANADIAN PACIFIC LTD. CA AMFUJI ELECTRIC CO. LTD. JA JVMORISEIKI CO. LTD. JA !tPPRO-ECO LTD. CA OTTAKISAWA MACHIME TOOL C0» LTD. JA OTTERUHIKO YAMAZAKI JA NPHA PAL OR KRESS KS GE HPORESDNER B AUK AS GE NPJOHN BROWN & nCO. LTD* UK AMUNION TOOL CO. LTD. JA OTSUMITOMO ELECTRIC INDUSTRIES LTD. JA NPMA KIT A ELECTRIC WORKS LTD. JA OTCANADIAN PACIFIC ENTERPRISES CA AMOPPENHEIMER* HARRY F. SO AMJAGENBERS-WER<E AG GE PEPILAO S . A . HA9UINAS & EQUIPAMENTOS BR PEBAYER AG GE AMBOETTCHER GMBH * FELIX GE AMEDMUND LANG GE NPUNITED KINGDOM* SOV*T OF UK AMMITSUI ENGINEERING & SHIPBLOS# CO. JA mBOCKER MCCONNELL PLC UK OTNIPPON SEIKO KK JA PE

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35623562356235 67356935693569356935 723573357 3357335 7335733573357335 733574358135 853585359235993599361336213622362336243643365136513651365136513651365136533661366136 6136 6 136613661366136 61

S I CSUMMARY REPORT

FOREIGN OIRECT INVESTMENT IN THE UNITED STATES 1992

US FIRM NAME LOCATION FOREIGN INVESTOR NAT T Y P E

INDUSTRIAL TECTONICS INC. ANN ARBOR MI A. JOHNSON SW AMKAYO CORP. OF U.S.A* ORANGEBURG SC KOY0 SEIKO CO. LTD. JA ©TNACHI BEARING CORP. S . PORTLAND ME NA CWI-FUJIK0SHI CORP. JA P ESOL I DYNE M C. NY IIHYlEt 6 . T. BODO LLINGER CORP. ROCHESTER NY BUKZL PULP % PA»ER PLC UK AMNIPPGN-AMER IG AS PHILADELPHIA PA NIPPON SANS© KK JA J VOK AO A INDUSTRIAL CO. NY OKADA INDUSTRIAL CO. LTD. JAREFILL FILTER CC. PERTH AMBOY NJ THOMAS TILLIVG LTD. UK AMSP IRA LUX BOAZ AL SPIRALUX LTD. UK I I PAPPL I CON IM C • BURLINGTON MA SC PLUMBERS ER FAMILY FR tmDOCUTEL CORP. IRVING TX OLIVETTI FAMILY I T E ILEXICON CORP. FT. LAUDERDALFL BY TEC MANAGEMENT CORP. CA &MMICRO-V CORP. IRVINE CA FRANCE* G O V T . Of FR AMMICROCOMPUTER PRODUCTS DIV. MGNTVALE NJ SON* CORP. JA O TNEC INFORMATION SYSTEMS INC. -.BOXBOR0UGW MA NIPPON ELECTRIC CO. LTD. JA H PSEALECTRD CORF. NEW BRITAIN CT BICC LTD. UK HPVERBATIM/MITSUBISHI MITSUBISHI CHEMICAL INDUSTRIES LTD* JA JVRICOH OF AMER ICA WEST CALDWELLNJ RICOH CO. LTD. JA O TTRAFALGAR INDUSTRIES INC. NEW YORK NY ALEIANDER GOREN I S AMAC MANUFACTURING CO. CHERRY HILL NJ CHARTERHOUSE 3 ROUP PLC (THE* UK AMCROWN CORPt HA WATKINS FAMILY AS AMKS 6 INDUSTRIES MARINETTE WI METALLGESELLSCHAFT AG G E HPADS MANUFACTURING CORP. MENTOR OH DAVTD BROWN HDLDINGS LTD. U K AMHALL SKI LIFT CC. * WATERTOWN NY VON ROLL A G S Z mELECTRICAL PRECISION METER CORP. BROOKLYN NY MO NAMED EL BE-AI E G A KSIEMENS-ALLIS INC ATLANTA GA SIEMENS AS G E E IIN T ♦ L MACHINE INTELLIGENCE CO. SUNNYVALE CA YASUKAWA ELECTRIC MFG. CO. JA J VLEYBOLD-HERAEUS VACUUM SYSTEMS ENFIELD CT L E Y B O L D - t f E R AUS G M B H & C O . K G . G E P EAIRC0 INC. RIDGE VILL E SC BOC I N T L L T D . UK HPLEOEX INC. VANDALIA OH LUCAS INDUSTRIES LTD UK &MAL CO A -NEC COMMUNICATIONS CORP. CHICAGO IL NIPPON ELECTRIC CO. LTD. JA JVAMERICAN C4N CD'S PLANT ANAHEIM CA HITACHI LTD. JA mJVC COPP. ELMWOOD PK. NJ MATSUSHITA ELEC. INDUSTRIAL CO• LTD JA ®PMCI INC. FT. LAUDERDALFL SON? CORP. JA AMMIT SUBISHI NY NY MITSUBISHI ELECTRIC CORP. JA O TPICNFER ELECT FONIC CARSON CA PIONEER ELECTRONIC CORP. JA HPSONY’ S BUSINESS DEVELOPMENT DIV. PARK RIDGE NJ SONY CORP. JA OTELECTROHOME LTD. MORRISTOWN TN ELECTROHOME LTLD CA HPGENERAL NORTHERN BELL CANADA CA JVME f* OR EX CORPUS PLANT NIPPON ELECTRIC CO. . LTD. JA mNEC AflERICA *S SWITCHING GROUP IRVING TX NIPPON ELECTPIC CO. LTD JA PENEC INFORMATION SYSTEMS T NC. BOSTON MA NIPPON FLEC-iTRIC CO. LTD. JA iipNE C * S ELECTRON DIV SUNNYVALE CA NIPPON ELECTRIC CO. LTD. JA O TNITSUKO AMERICA CORP. SHELTON CT NITSUKO LTD. JA P ENORTHERN TELECOM INC. MORTON GROVE IL BELL CANADA CA PEQUANTE DEVELOPMENT GROUP M arlborougw MA QUANTE SPEZIALFABRIK FUER APPARATE G E OT

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36613662366236623662366236623662366236 623671367436753676367636 7 93679367S36793679367936 793679367936 7%36793694369437113711371137113714371437143? 1437143714371437143721372fi3728372*37 2 P3732

STCSUMMAR Y REPORT

FOREIGN DIRECT INVESTMENT IN THE UNITED ST ATES 1 SR2

US FIRM NAME LOCATION FOREIGN INVESTOR NAT TYPE

STROMBERG-CARLSON TAMPA FL PLESSEY CO. LTO. UK AMDATA INDUSTRIES INC* NEWPORT RI FATHOM OCEANOLOGY LTD. CA AMEXOTIC MATERIALS INC. COSTA MESA CA VINTF?C GROUP LTD* UK AMFERNSEH INC. SALT LAKE CTYUT ROBERT BGSCH SMBH GE ElFUJITSU BOSTON MA FUJI ELECTRIC CO. LTD. JA OTFUJITSU DALLAS TX FUJI ELECTRIC CD. LTD. JA OTGA MEWELL COR*. MEOWAY MA CREDIT SUISSE SZ NPMATSUSHITA INDUSTRIAL CO* FRANKLIN PARK IL MATSUSHITA ELECTRIC INDUSTRIAL CO. JA PEMOULINEX REGAL IMC. VIRGINIA 8EACVA MOULINEX SA FR JVRFL INDUSTRIES IMC* BOONTON NJ 00 yTY GROUP PLC UK AMALPINE ELECTRONICS OF AMERICA TORRANCE CA a lp s ELECTRIC CO. LTD. JA mSEH AMERICA VANCOUVER wa SHIN-ETSU NANO OT AI CO. LTD . JA UFAVX CORP * S MATERIALS CIV GREAT NECK NY JO IRNS ON MATT HEY CO. LTD. UK AMARMTEC INDUSTRIES INC . MANCHESTER NH BESTOBELL LTO. UK AMTHIN FILM TECHNOLOGY CORP. N. MANKATO MN SUSUMU INDUSTRIAL CO. LTO. JA M*COMPAS OGDENS B U R G NY COMPUTER ASSEMBLY SYSTEMS IWC. C A HPDALE ELECTRONICS INC. COLUMBUS NE DE 8ENHAWS PLC UK AMELEC-TROL INC. SAUGUS CA CAMBRIDGE ELECTRONIC INDUSTRIES PLC UK AMFUJITSU MICROELECTRONICS INC. SAN DIEGO CA FUJI ELECTRIC CO. LTD. JA PEGENRADf S FUTUPEDATA DEVELOP. SYSTEM REDWOOD CITY CA KON'TRON ELECTRONICK GMBH GE AMGOULD’ S DISTRIBUTION S CONTROLS DIV ROLLING MEADOIL SIEMENS AG GE AMHARISONIC LAB OR ATOR IES INC. STAMFORD CT STAVELY INDUSTRIES PLC UK AMHARMER SIMMONS POWER SUPPLIES INC. SHELDON CT HAMMER & SIMMONS HOLDINGS LTO. UK J VNORTH AMERICAN XENNON CORP. SANTA CLARA CA XENNON MESSERATT CMSH AU OTSUN WORLD CIRCUITS INC. ALTAMONTE FL GENERAL ELECTRIC CO. LTD*. UK AMVENUS SCIENTIFIC INC. FfiRMINODALE NY FERRANTI PLC UK AMASEA NEfcl BERLIN wi WALLENBERG FAMILY SW NPBEAR AUTOMOTIVE SUC. EQUIP. CO. MILWAUKEE WT INVESTMENT A3 AR 3ENTUS sw AMGENERAL MOTORS/TOYOTA JV* DETROIT MI T3 Y§T A MOTOR CO. LTD. JA JVMACK TRUCKS INC. ALLENTOWN PA FRANCE* GOVT OF FR ElMERCEDES/FREIGHTLINER CORP PORTLAND OR DEUTSCHF 8 ANK'MERCEDFS HOLDINGS GE FFNEOPLAN USA MGNTG OMERYVILPA AUy/fERTER COTT LOB GMBH & CO GE NPCALSONIC INC. SHELBYVILLE Tfc NI SSAN MOT OR CO LTD JA NPJAPAN VILENE CO. los angeles CA DA INIPPON INK % CHEMTCALS INC. JA HPLAMONT % GET RAG GEAR CO. INC. MORRISTOWN PA SETRAG GET RE 13LE UND ZAHNRAD GE JVLUCAS GIRLING-yALTHER DAYTON OH LUCAS INDUSTRIES LTD. UK J VLUCAS INDUSTRIE INC • TROY MI LUCAS INDUSTRIES LTD. UK OTSAB AUTOMOTIVE CO BLUF SPRINGS MO VOLVO AB sw NPSOCIETE LILLEBONNAISE DECAOUTCHOUCS KITTANNING PA SOC* LILLEBONNAISE DE CAOUTWOUCS FR NPSTEEGO COR3 W* PALM BEACHFL MANN* GEORGE S CA AMAIRSHIP INDUSTRIES LTC. YOUNGS TOWP OH WREN SKYSHIPS LTD. UK NPBANGOR PUNT A CORP. GREENWICH CT VON GALEN* FERDINAND GE ElMITSUBISHI AIRCRAFT INTL SAN ANGELO TX MITSUBISHI HEAVY INDUSTRIES LTD. JAPACIFIC PROPELLER INC SEATTLE WA MIREBEAU CO LTO JA AMTOR AY-INDUS T R IES/SYiMT HETI C FI BER LOS ANGELES CA TORAY INDUSTRIES INC. JA JVDELHI MANUFACTURING CCRP. DELHI LA VON GALEW, FERDINAND GE A.M

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374 337513811382238 233823382538 2538 25382938 2938323841384 138 413842385138613861386138613861391539313944394439 443955399339993999421342134213421342134221422142254225441144114411441145114619

s rcSUMMARY REPORT

FOREIGN DIRECT INVESTMENT IN THE LIMITED STATES 1 982

US FIRM NAME LOCATION

CADOUX INC.KAWASAKI M3 TOR MFG CORP

V ICKSBURG MS

OCEAN RESEARCH EQUIPMENT INC. FALMOUTH MAPACE PRODUCTS CC D ALLAS TXAR I INDUSTRIES ADDISON ILSHIMADZU SCIENTIFIC I INSTRUMENTS COLUMBIA MDEMERY TELECOM INC*S PRODUCT LINES SANTA CLARA CAHI PTRONIC S CO. BREWSTER NYLOGIflETRICS I r C p l a i n s v i e w NYBOLT*. BERAMEK & NEWMAMS INST. CORP CAMBRIDGE MACAMPBELL PACIFIC- NUCLEAR CORP SUMITOMO ELECTRIC INDS*

PACHECO CA

AM IC ON CORP LEXINGTON MAMOUNTAIN MEDICAL EQUIPMENT INC. ENGLEWOOD COPFIZER INC'S MEDICAL SYSTEMS NEW YORK NYOTICON C QR? FRANKLIN TiS • NJMEDICAL WORKSHOP FT* LAUDERDALFLAMERICAN HOECHST CORP. GREER SCFO 7 OH AT CORP. STAMFORD CTFUJI ELECTRIC CO. (US) NJFU w I PHOTO FILM LOS ANGELES CAOS AW A & CO* MI PROSPECT ILLAZARE KAPLAN INTL INC. NEW YORK NYNORLIN COR3 . WHITE PLAINS NYLEGO SYSTMS ENFIELD CTNINTENDO OF AMERICA INC SEATTLE WATONKA CORP. SPRING PARK MNPELIKAN INC. FRANKLIN TMNAMEPLATES FOR INDUSTRY NEW BEDFORD MAINTER MA G N ET IC S CORP SANTA MONICA CATOKAI SEIKI CO. LOS ANGELES CAINDIAN RIVER TRANSPORT CO UINTERHAVEN FLMA ISL IN TERMINAL CHARLOTTE NCMA ISLIN TERMINAL GREENSBORO NCMA ISL IN TER MI NAL LUMBERTON NCVOTA1NER CONSOLIDATED SERVICES BALTIMORE MDGRANDPLEX EVANSVILLE INMITSUBISHI’ S CORP. SUPERIOR NECOEICAL INC. CHULA VISTA CACOBICAL INC. CHULA VISTA CACALCO SHIP AGENCY INC SAN FRANCISCOCANAVIOS CORP NEW YORK NYORO BROUGH & COLLINS LTD LOS ANGELES CASCOTTISH SHIP MANAGEMENT (USA) INC GREENWICH CTAIR NIUGINI NEWPORT BCH CAAIRCO ENER3Y CO INC. FIPELINE LA

FOREIGN IN VEST DR NAT TYPE

CADOUX SA SOCf DES ESTABLISHMENT FR NPKAWASAKI HEAVY INDUSTRIES LTD• JA OTFERRANTI PLC UK AMFUJI KOKI MFS. CO. LTD JA PEOKAZAKI MA A CURING CO LTD JA NPSHIMADZU S E ISA <USHO LTD. JA NPBELL CANADA CA AMTHYSSEN-BDR^EMISZA FAMILY NA AMMENACHEM A TZMDN % URI RAMATI UK AMVIfiROMETER INTL AG S7 AMMOWLEM GROUP UK AMSUMITOMO ELECTRIC INDUSTRIES LTD JA JVFL ICKt FRI EDRICiH K* GE AMBOC INTL PLC UK AMr L SCTNT LTD IS AMOTICON CORP DA NPAB FORTIA Stt AMHOECHST AG GE PEKOMSHIPOKU DHDTO IND. CO* LTD JA EIFUJI ELECRTC CD. LTD. JA mFUvil PHOTO FTL* CO* LTD* JA npJ . OSAWA & CO. LTD JA OTUNITED KINGDOM* 30VT. OF UK EICAMELLIA INVESTMENTS LTD. UK EILEGO SYSTEMS A/S DA PENINTENDO CO. LTD. JA NPPR AMAH* GORDON L. UK EIpeltkan informatton- stechnik GMBH GE OTNAMEPLATES FDR INDUSTRY LTD. UK NPAGRA INTL GROU TC AMTOKAI SEIKI JA NPBRITISH ELECTRIC TRACTION CO LTD UK AMMA ISLIN TRANSPORT LTD CA NPMA ISLIN TR A NSP3RT LTD CA NPMA ISLIN TR ANS^DRT LTD CA NPVAN OMMEREN NL JVNI CHtlMEN CO LTD JA AKMITSUBISMT COR9 JA NPME RAD REALTY N.V. NA AMMERAD REALTY N.V* NA AMCALCO SHIPPING CD LTO HK NPPATfHY FAMILY CA AMORD BROUGH & CDLL INS-* LTD UK NPSCOTTISH SHIP MANAGEMENT LTD UK NPNEW GUINEA * GOV*T OF GY NPBOC INT’ L LTD* UK AM

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4 6 1 94712471247 12471 24 7 1 24 7 1 24 7 1 2471 247224723472 3472347634 8 1 14B9 94 ft 9 949 2?495 2501250 1 250 125 0 1 25D125 0 1 ?50 1 250 125 0 1 25 0 1 2501250 1 25 0 1 25 0 1 25 0 1 25 0 1 25 0 1 25 0 135 0 1350 2 150 2150 2 3502350 31503950 4150 4 1

SICSUMMARY REPORT

FOREIGN DIRECT INVESTMENT IN THE UNITED STATES1 982

US FIRM M AH E LOCATION FOREIGN IMVFSTOR NAT TYPE

AIRCH ENERGY Cf INC* PIPL IWE AR BOC 1 NT#L LTD UK AMBOM PMMAR CONTAIMFRLINE INC* LONG BEACH CA BOW PATMAR SRDUP UK NPCONCORD FREIGHT SYSTEM (USA) INC • SEATTLE WA CONCORD GROUP CA ffPLITRACTAINER US/1 If'C LINDEN WJ LI TR AC BV NLHI TR ^NS CCRP NEW YORK NY MITSUBISHI WAREHOUSE AND TRANS CO L JA NPMI I R ANS CORP HOUSTON TX MITSUBISHI WAREHOUSE *. TRANS. CO* L JA HPSCHENKER I'iTf I NORFOLK VA SCHENKER I NT fL GE NPVANOESRIFTt FB *> CO PHILADELPHIA PA MORY GROUP FR AMWTC INC NEWPORT BCP CA RAKD FREIGHT-* GROUP SO r iB P F TRAVEL LADBROKE GROUP UK AMABC CONTAINER LINE NEW YORK NY ABC CONTAINERLINE BE NTABC CONTAINER LINE NEW' YORK NY ABC CONTAINERLIHE BE NPSOLAR INT»l SHIPPING AGENCY HOUSTON TX YANG MING MARI ME TRANSPORT CORP TUHOUSTON EXPORT CRATING CO INC HOUSTON TX LIVINGSTON INTf L LTD CA NPC* I . COMMUNICATIONS INC. PACOIMA CA TALOS INDUSTRIES INC* CA AMAMERICAN SATELLITE CO. 'S J . V . ROCKVILLE MO MITEL CORP. CA JVFLORIDA SATELLITE NETWORK INC• TAMPA FL MOFFAT COMMUNICATIONS LTD* CA AMSEAGULL PIPELINE CCRP ATEF* DANIAL SY AMGENERAL WATERWOFKS CORP BRYN MAHR PA SOCIETE LY OWMAISE DES EAUX FR AMAMERICAN ISUZU MOTORS CHICAGO IL ISUZU MOTORS/C* ITOH CO* LTD* JA OTAPTCO AUTO AUCTIONS INC TAYLOR MI BRITISH AUTO AUCTION GROUP UK AMd i s t r i b u t o r s i . c . U PALM BEACH FL FUwl HEAVY INDUSTRIES INC* JA AMHI NO MOTORS ATHENS NY HI NO MOTORS LTD JA OTISUZU OIESEL NORTH AMERICA SOUTHFIELD MI ISUZU MOTORS LTD. JA AMJOBBERS SUPPLY OIV OF CONGOLEIJM COR PORTSMOUTH NH AL GHf-ANIM INDUSTRIES INTL KU AMHA 2D A DISTRIBUTORS KANSAS MO TOYS-KOGTO CO LTD JA OTMft 20 A DISTRIBUTORS INC HOUSTON TX TOYO KOGTO CO* LTD JA OTMERCEDES-BENZ TRUCK CC* MONTVALE NJ DEUTSCHE BANK/MERCEOES AUTO* HOLDIN GE OTMF TRO AUTO AUCT IONS KANSAS CITY MO BRITISH CAR AUCTIONS GROUP UK amMITSUBISHI MOTOR SALES OF AMER. CYPRESS CA MITSUBISHI HEAVY INDUSTRIES LTD* JA OTMITSUBISHI MOTORS CORF* BRIDGEPORT NJ MITSUBISHI HEAVY INDUSTRIES LTD. JA OTNASHVILLE *UTO AUCTIO&S CORP* NASHVILLE TN BRITISH CAR AUCTIONS GROUP UK AMNIFCO/ILLI-NOIS TOOL «ORKS OH NIFCO INC JA JVNISSAN MOT1R CORP* MEMPHIS TN NISSAN MOTOR CO* LTD. JA OTNISSAN USA OLIVE BRANCH MS NISSAN MOTOR CD. LTD JA ®TONC SOKKI CO LTD* LOS ANGELES CA ONC SOKKI CO LTD. JA OTGI EXPORTS WOODBURY NY CHANDLER* DAVID L. CA ElYA 2AK I COR=> EL PASO TX YAZAKI COR P * JA OTBAKER KNAPP % TUBBS NEW YORK NY PHILIPS GLOEILAM^ENFABRIKEN NL OTJE NT I QUE LTD. JENTIQUE HOLDINGS UK ®TSPEIGELAU NY SPFI6ELAU GE OTSTARFJRMS I t* C . SEATTLE W A STARFORMS LTD CA HPALASKA PULP CO* SEATTLE UA ALASKA PULP CD* LTD JA ®TKURT ORB AM INC* WAYNE NJ DEUTSCHE BABCOCK AG GE AMaraya usa : o r p * GLENDALE CA AR W k INDUSTRIAL CO LTD* JA ®TDA IMA CORP GARDENA CA OATIIA SPORT1N3 GOOD CO. LTO JA

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5 0 4 150 4 3505 15 0 5 150 5150 515 0 5 15 0 5 150 5 1505 1505 1505150 51506 3506 3506350 6 350 6 3506350 63506 350 a 35063506450 6 450 65506 5506550 6 5506550 65506550 6 550 6 550 6 55065507250 7250745 0 r\ 150 8150 8 15 0 8 15*8 15 0 8 150 PI

SICSUHKARY REPORT

FOREIGN DIRECT INVESTS ERJT IN THE LNITED STATES 1982

US F IRM NM £ LOCATION FOREIGN TM VEST OR NAT TYPE

SAKAE RI N GY 0 CO CHICAGO IL SAKtfE RINGYO CO. JA OTJ 080 FOTO TE C H NI c LAS VFGAS NV JOPO LABORTECHMIK GE OTCANADA CHAIM INC BIRMINGHAM AL CANADA CHAIN i FORGE LTO CA OTCARBORUNDUM E. NVIRONHENTAL SYSTEMS KNOXVILLE TN SVEIfSKA FL AKTFABRIEKEN AB SW ElCHUETSU METAL WORKS CC. NASHVILLE TN CHUETSU HE T AL WORKS CO. LTD. JA OTFONTANA L U I G I STA VA BEACH VA FONTANA LUIGI SPA IT OTJOINT VENTURE D ISTRIBITORSHIP HA EDA MET A L INDUSTRIES LTD. JA JVKAPMAN I NC . NORWALK CT RANG INVEST A3 SW OTk a p h a m i m c . VALDESr NC RAN© INVEST AB SW OTKAT^ SPRIN" WORKS CO. ATLANTA GA KAT® SPRTNG WORKS CO. LTD JA mOSAKA TITANIUM CO. SAN FRANCISCOCA OSAKA TITANIUM CO. LTD. JA OTSWEDISH MR E CCPP. CT 6U NPJEBO &RUKS AB SW OTVD M TECHN OL 0 G TES CORP. NEW YORK NY DRESDNER BANK A£ GE OTADVANCED TELEPHONE % COMMUNICATIONS NEEDHAM MA RANK CR AGAISATION LTD. UK AMLAROX INC. COLUMBIA MO LAROX INC• FI OTLU SC H FR AMERICA INC. GRrENSRORO NC 6ERRUDER LUSCHER AG SZ OTP.ARC^M S WI T CH E S I N C. CAZENOVIA NY HA RQUARDT J % J GE AMMIKON PRECISION INC. S AN BRUNO CA NIPPON KOGAKU KOGYO KK JA OTSEC A CORP. COLUMBIA MD SECA VOGEL & HALKE GE OTTELECOM EQUIP. LONG ISLAND NY RANK ORGAMISATIOM LTD. UK ElTELEPHONE INTERCONNECT ENTERPRISES BALTIMORE MD RANK ORGANISATION LTD. UK AHTOSHIBA INTL. CCRP. SAN FRANCISCOCA TOSHIBA CORP. JA OTWE IG AND EVA PC PATORS INC. COLUMBIA MD WE IS AND EVAPORATORS GE OTDAIKIM KOUY CO. SAN JOSE CA DA IK IN K03 Ye CO. LTD. JA OTPANASONIC CORP. GLEN BURNIE MD MATSUSHITA ELECTRIC INDUS. CO. LTD. JA OTDA IN I C H I -GC A BEDFORD MA DAINICHI K IKO CO. JA JVOATA STORAGE D T V . ORANGE CA SIEMENS AG GE o tHITACHI SEi I C CN Hl?CT0R (AMERICA) INC IRVING TX HITACHI LTD. JA PETRWIN-OLI Vw'TT I INC:.* ANN ARBOR MI ING. C. OLIVETTI & CO SPA IT JVPLCSSEY SEMICONDUCTORS DALLAS TX PLESSEY CO. LTO. (THE) UK ®TPLESSEY SEM I C CNDUCTOR S BOSTON MA PLESSEY CO. LTD* (THE) UK OTPLESSEY SEMICONDUCTORS INDIANAPOLIS IN PLESSEY CO. LTO. (THE) UK OTSHINTOM y E T CORP. OF AMERICA TORRANCE CA SH INTOM CO. LTD. JA OTTHOHSON-CS“ CO MPONFNTS CORP. RUTHERFORD NJ THOMSON- BRANDT SA FR OTTMC tCMMUNI Cfe T I CNS I N C . CUPERTINO CA FRANCEt GOVT 0- FR JVTOSHI BA CERAMI CS AMERICA I N C . SANTA CLARA CA TOSHIBA CORP* JAHAROLD DESSAU INC. NEW YORK NY F. J . C. LILLET LTD. UK &HOK AD A I N D U S T R I A L CO. N J OK ADA INDUSTRIAL CO. LTD. JAFERGUSON ENTERPRISE'S INC# HERNDON VA WQLSELEY-HUGHES MERCHANTS LTD. UK AHAN EL V A I N C , SAN JOSF C A 6NELVA CORP* JA NPDAV I D JA M IS GN CARLYLE CORP. LOS ANGELES CA LEX SERVICE GROUP LTD. UK ElFU 0 I E L E CT R T C CO. LT D . SUNNYVALE CA FUJIELECTRIC CD* LTD JA OTJ U K I OFFICE MACHINE CCRP. T ORRANCE CA YOKYO JUKI INDUSTRIAL CO. LTO. JA OTMESA TECHNOLOGY CHRP* GAITHERSBURG MD ELECTROC0MPONEVTS LTD. UK mHITSURISHI*S SEMICONDUCTOR HIV. DALLAS TX MITSUBISWI ELECTRIC CORP. JA OTMODULAR COMPUTER SYSTEMS INC. NFW ORLEANS LA AEG-TELEFUNKEN A3 GE OT

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SICSUMMARY REPORT

FOREIGN DIRECT INVESTMENT IM THE JVTTED STATES I SH2

SIC US FIRM NAME LOCATION FOREI GN IN VEST DR NAT TYPE VALUE STATUS

5 0 8 1 ON LINE MICR0 CENTERS INC. HAYWARD CA CISNEROS FAMILY VE AM 2 . 4 COMPLETEseat ROD IWE LTD. MISSION VIEJOCA ROOTME PLC UK NP complete5 0 8 1 SAVIN CORP. VAHALLA NY CANADA rQt T CA AM 75*0 COMPLETE50 8 1 SCI-COM COMPUTER SYSTEMS BRIDGEWATER NJ K* HA TT DR I K C3. LTD. ET AL JA JV 5*0 COMPLETE5 0 8 1 SEIKO-SMC HI SEIKO SHOJ I KAISHA LTD. JA JIV COMPLETE5 0 8 1 SMC SEICOM INC. BRIDGEWATER 1 NJ YASUO MATSUMIYA JA JV 5 * 1 PENDING5 0 8 1 SORD COMPUTER LOS ANGELES CA SORD COMPUTER SYSTEM INC* JA OT PENOING5081 SORD COMPUTER ATLANTA GA SORD COMPUTER SYSTEM INC* JA OT PENDING5 0 8 1 SORO COMPUTER CHICAGO IL SORD COMPUTFR SYSTEM INC. JA OT PENDING5 0 8 1 SORD COMPUTER DALLAS TX SORD COMPUTER SYSTEM INC* JA OT PENDING5 0 8 1 SORD COMPUTER NY SORD COMPUTER SYSTEM INC* JA OT PENDING5 0 8 1 SUM I COM INC. TUSTIN CA SUMITOMO COR9. JA OT COMPLETE5 0 8 1 TAISWO-AI SAN JOSE CA A I ELECTRONICS CORP. JA JV PENOING5 0 8 1 TR U-FUJITSU CO. SAN DIEGO CA FUJI ELECTRIC CO. LTD. JA NP PENDING5 0 8 1 VOLVO STERLING HTS MI VOLVO AB SW OT PENDING5 0 8 1 YKC CO. SANTA CLARA CA YKC CO. LTD. JA OT COMPLETE50 8 2 K06ELC0 AMERICA INC* HOUSTON TX KO*E STEEL LTD. JA or COMPLETE5 0 8 2 MORI Y AMA CORP* LONG ISLAND NY MORIYA MANUFACTURING WORKS LTD JA QT COMPLETE5082 TAKEDA SYSTEMS INC. SUNNYVALE CA TAKEDA RIK Ell * MICHIMEN CO. JA OT 2*0 PENDING5084 BA LCONI-R OC HE CLARENCE NY BA LCDN T -ROCHE TT OT COMPLETE5084 BOLL FILTER CORP. HARTFORD , CT BOLL KIRCH FILTER8AN GMBH GE OT PENDING508 4 BULTEN INTL INC. BROOKFIELD CT BOSSARD AS SZ OT COMPLETE5084 CHIBA ENTERPRISES LOS ANGELES CA TA ISAN INDUSTRIAL CO. JA OT COMPLETE5 08 4 FUNKFN CO* SAN DIEGO CA FUNKEN CO* LTD* JA OT PENDING5084 GALLUS INC NEWTOWN PA BUESCH FERD A'5 SZ OT COMPLETE508 4 GMT OF AMERICA CORP. (GMTA) STAMFORO CT GR AND I MOT OR I TRIESTE G.M.T. SPA IT OT COMPLETE50 8 4 KAWASAKI LOADERS CORP. ATLANTA GA SUMITOMO C OR°* JA COMPLETE508 4 KOMORI PRINTING MACHINERY CO. BOLLING MEAD. IL KOMORI PRINTIMS MACHINERY CO. JA OT COMPLETE5084 MIROKU MACHINE SALES CO. MIROKU MACHINE SALES CO* LTD JA OT COMPLETE508 4 MITSUI SEIKI (USA) INC. FRANKLIN LAK,> N J MITSUI SEIKI < 3GY 0 CO. LTD. JA OT COMPLETE508 4 MORI SEIKI USA MORI SEIKI CO. LTD. JA NP 9* 1 PENDING5084 NIKKISO CO. DENVER CO NIKKISO CO . LTD. JA OT COMPLETE5084 OKADA INDUSTRIAL CO* C A OKADA INDUSTRIAL CO* LTD. JA COMPLETE50 84 PF AFf-PEG ASUS OF USA INC* ATLANTA GA PEGASUS SEW I MS MACHINE MFG. CO. LTD JA JV 3*0 COMPLETE508 4 PHCNON CORP. COLLINSVILLE CT PRANCE* SO VT .DF FR AM COMPLETE5084 RIGAKU/USA DANVERS HA RI6*KU CORP. JA NP COMPLETE50 84 STAR MICRON! ICS INC* CHICAGO IL STAR MFC5• CO. LTD* JA OT PENDING508 4 ST IE BEL ELTRON MORTH AMERICA INC. BOSTON MA DR STIEBEL WET<E DBG GE OT COMPLETE508 4 SUGTYASU IRON WORKS CC. LOS ANGELES CA SUGTYASU IRON WORKS CO. LTD. JA OT COMPLETE5084 TKS USA CHICAGO IL TOKYO KTKAI SEISAKUSHO LTD. JA OT COMPLETE5084 TKS *JSA CHICAGO IL TOKYO KTKAI SEISAKUSHO LTD. JA OT COMPLETE5084 U.S . AMADA INC. NY AMADA CO. LTD. JA OT PENDING5084 U.S* AMADA INC. TX AMADA CO. LTD* JA 0;T PENDING5084 VOLLMER SHARPENING MACHINES USA INC SREENVILLE SC VOLLM ER-VE RKE MASCH* GMBH GE OT COMPLETE5084 WAKATSUKI TECH COR P CA WAKATSUKI GIKEM JA OT COMPLETE50 84 WULTEY MACHINE CO* IIARRENDALE PA HAMPTON GOLD MINING AREAS LTD. UK OT COMPLETE

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SICSUMMARY REPORT

FOREIGN DIRECT INVESTMENT IN THE UMITEO STATES1 9^2

SIC US FIRM NAME LOCATION FOREIGN IN VF ST OR NAT TYPE VALUE STATUS

50 84 YUASA INTL INC* NJ YUASA SHOJI CD* LTD* JA OT COMPLETE508 4 YUASA INTL INC* CHARLOTTE NC YUASA SHOJI CO* LTD. JA OT COMPLETE50 84 YUASA INTL INC* BOSTON MA YUASA SHOJI CO. LTD. JA OT COMPLETE50 84 YUASA INTL INC. DETROIT MI YUASA SHOJI CO. LTD. JA OT COMPLETE5084 YUASA INTL INC. SEATTLE VA YUASA SHOJI CO. LTD. JA OT COMPLETE5084 YUA-.SA INTL INC* KANSAS CITY MO YUASA SHOJI CO. LTD. JA OT COMPLETE50 8 5 BOLL FILTER CORP* EAST GRANBY CT BOLL KIRCH FILTERBAM G.M.BITT GE NP COMPLETE5 0 8 6 CHINO-INDUSTRION SACRAMENTO CA CH INO-WORK S LTD JA JV PENDING508 6 CLARION CAPITAL CORP* CLEVELAND OH SAMUEL* HYMAN I WILLIAM BELZBERG CA AM COMPLETE5086 LK8 INSTRUMENTS GAITHERSBURG MD INCENTIVE AB SW OT COMPLETE508 7 TAKEDA SYSTEMS INC. NJ TAKEDA RIKEN IMDUSTRY CO* JA OT PENDING50 88 EM BR AER AIRCRAFT CORP. DIANIA FL EMBRAER FMPRESA 3R. AERONAUTICS BR P'E 1 . 0 COMPLETE5088 IMI CORP. SEATTLE WA FEDERAL INDUSTRIES LTD* CA AM 2 . 3 PENDING5088 MBB ft EL IC 0° I E R CORP W* CHESTER PA MESSERSCMMIDT-BOELKOW-BLOHM GE PE 6.0: COMPLETE508 8 PF INDUSTRIES SAN JOSE CA FEDERAL INDUSTRIES LTD. CA AM 2 . 7 PENDING50 88 SPJ50 INDUSTRIES SAN JOSE CA FEDERAL INDUSTRIES LTD. CA AM 2 . 7 PENDING5094 SHIN FU CM & CO. SEATTLE WA SHIN FU SROUP TW OT . 5 COMPLETE5$ 9 9 E GREENE & CO* MASPETH NY BUNZL PLC UK AM COMPLETE5ff99 PALM BEACH PAPER CO. PALM BEACH FL BUNZL PLC UK AM COMPLETE5 1 1 1 PERK INS-6GODWIN CO. INC. NEW YORK NY G* HEINDLf SCHE PAP IERF ABRI KEN KG GE AM COMPLETE5 1 1 1 W*H* SMITH PAPER CORP ALBANY NY BR CNF MAN FAMILY CA AM PENDING5 1 1 2 MIDDLE EAST ECONOMIC DIGEST NEW YORK NY MIDDLE EAST ECONOMIC DIGEST LTD. UK 3T COMPLETE5 1 1 3 ALLIANCE PAPER & PACKAGING BRENTWOOD NY BUNZL PUL? * 3 AFER PLC UK AM COMPLETE5 1 1 3 CAPITAL CONSOLIDATED INC* INDIANAPOLIS IN BUNZL PULP & PAPER PLC UK AM 1 9 . 3 COMPLETE5 1 1 3 PRITTY PAK INC I NO IA NAPO L IS IN BUNZL PULP & * APER PLC UK AM COMPLETE5 1 1 3 W* £ * BUEHLER PAPER CO. INC. CINCINNATI OH BUKZL PULP & PAPER PLC UK AM COMPLETE5 12 2 DA 11 CHI PHARMACEUTICAL CORP. DA IICHI SEIYAKU CO* JA HP . 2 COMPLETE5 12 2 RORER GROUP -» INC*S JOINT VENTURE FT. W ASHINSTOPA PH ARMUKA FR JV COMPLETE5 1 3 5 CHARLES JOJRD AN BOUT I CUE NEW YORK NY JOURDAN FAMILY FR OT COMPLETE5 1 4 9 MA KR H SELF-SERVICE WHLSE* CORP* CINCINNATI OH FENTENER VAN VLISSINGER FAMILY NL OT PENDING5 1 4 9 HAKRtf WHLSE. CORP* LARGO MO FEKTENER VAN VLISSINGER FAMILY NL PE PENDING5 1 5 3 GRANDPLEX INC. EVANSVILLE IN NICHI MEN CO* LTD* JA OT COMPLETE5 1 6 1 AMERCIAN INDUSTRIAL ChEHICAL CORP. ATLANTA GA ELLIS AND EVERftRD LTD UK AM 2*4 PENDING5 1 6 1 AMERICAN INDUSTRIAL CHEMICAL CORP ATLANTA G A ELLIS AND EVERARD LTD UK AM 2 . 4 PENDING5 1 6 1 MAAG INC TUSCALOOSA AL F* HOFFMAN LAROCHE & CO* LTD* SZ COMPLETE5 1 6 1 SQL I RB/NO VD I NC-t* WILTON CT NOVA INDUS TRI A/S OA JV COMPLETE5 1 7 1 PACIFIC FUEL TRADING CORP LOS ANGELES CA j a p a n * covt of JA OT COMPLETE5 1 8 2 NAeiSCO*S JULIUS WILE SONS % CO. IN NEW HYDE PARKNY WHITBREAD & CD* *LC UK AM 15 5 * 0 PENDING5 1 9 1 LEISURE ENTERPRISES IKC* SAN FRANCISCOCA CHARTERHOUSE SROUP LTD. UK AM 12* 3 COMPLETE5 1 9 1 PETER LANG INC SPECULATOR NY PETER LANG SZ OT COMPLETE5 1 9 9 H & S SUPPLY CO* BARTOW FL THOMAS TILLINS LTD. UK AM 2 5 . 2 COMPLETE5 1 9 9 NORTH AMERICAN TRADIM FEX USA NEW YORK NY GOVT OF FRANCE FR ©T PENDING5 3 1 1 BATUS INC. WASHINGTON DC BAT INDUSTRIES PLC UK OT COMPLETE5 3 1 1 DAMSK INTL DESIGNS FREEPORT ME DANSK INTL DESIGNS LTO DA 0T COMPLETE5 3 1 1 DILLARD DEPT. STORES MEMPHIS TN VR COM & DRFESMAN B.V. NL OT COMPLETE5 3 1 1 HIGBEE CO. CLEVELAND OH AMERICAN VALUES VV NA El . 3 COMPLETE

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SICSUMMARY REPORT

FOREIGN DIRECT INVESTMENT IN THE UNITED STATES 1 88 2

SIC US FJRM N AM E LOCATION FOREIGN INVESTOR N A T T Y P E V A L U E S T A T U S

53 1 1 HISBEE CO. CLEVELAND OH AMERICAN VALUES N A O T P E N D I N G531 1 MARSHALL FI ELD & CO* CHICAGO IL B A T INDUSTRIES PLC U K AM 3 6 5 . 0 C O M P L E T E5 39 9 WHITE STORES INC WICHITA FALLSTX J . M. RILLFS FAMILY C A AM 4 2 . 5 C O M P L E T E54 1 1 CHATHAM SUPERMARKETS INC WARREN M I TE M£EL M A N N F A M I L Y GE AM P E N D I N G5 4 1 1 Ho p -IM-FOOD STORES INC RONAKE VA FINDLAY* ERIC CA El 6 . 8 C O M P L E T E5 4 1 1 national t; : a CO. CHICAGO IL GEORGE WESTON r AM IL Y C A El C O M P L E T E54 1 1 STAR SUPERMARKETS IMC. ROCHESTER NY WESTON FAMILY C A AM 1 2 . 4 C O M P L E T E5 4 1 1 VALUE FAIR CO. PORTSMOUTH VA DELWAIZE FRERES & CIE LE LION B E AM C O M P L E T E546 2 CROISSANT ROY AL F FRENCH BAKERY DALLAS TX S A N J I * MAN OUCHER DR. I R O T C O M P L E T E553 1 C4L AUTO STORES SUN VALLEY CA LCP HOLDINGS U K AM C O M P L E T E5595 AERO SPAT I ALE AIRCRAFT CORP WASHINGTON DC FR ANCE* GOVT. OF F R O T C O M P L E T E56 LES MUST DE CARTIER WASHINGTON DC COUNT RICC ARDD A5USTA ET AL IT OT C O M P L E T E5 6 1 1 ANGLO-AMERICAN RETAIL CORP N E W YORK NY FOSTER BROTHERS CLOTHING CO. U K E l . 3 C O M P L E T E5 6 1 1 JAEGER SPORTSWEAR C A R L S T A O T NJ COATS PATOMS LTD. U K O T C O M P L E T E5 6 1 1 NATCH INDUSTRIES INC* NEW YORK NY FOSTER BROTHERS CLOTHING CO. LTD. U K AM 4 . 0 C O M P L E T E56 2 1 KA N S A I NEW YORK NY KANSAI JA HP 4 . ® C O M P L E T E5 6 2 1 A TSUDA NEW YORK NY MATSUDAf M IT SU HI RG JA O T C O M P L E T E56 2 1 SAT I* INC NEW YORK NY SATIN FR O T C O M P L E T E5 6 3 1 H A N A E H O R i U S A INC. NEW YORK NY HANAE MORI JA m C O M P L E T E5 6 31 TRCA CHO NEW YORK NY CHC* TROA K S O T C O M P L E T E56 6 1 HOFHEIMER INC NORFOLK VA WARD WHITE ©ROUP LTD U K AM 2 3 . 0 C O M P L E T E56 6 1 -»C HU'RCH’ S ENGLISH SHOE-. STORE CHICAGO IL CHURCH K CO. LTD U K O T C O M P L E T E5 7 1 2 ATRIr HOME FURNISHINGS ATRTO F R OT C O M P L E T E5 7 1 2 CONRAN’ S NEW YORK NY CONRAN* TERENCE U K O T C O M P L E T E57 33 REED COMMUNICATIONS INC SCOTTSDALE AZ REED C O M M U N I C A T I O N S I N C . C A P E C O M P L E T E5 8 1 1 T R C p I C A N A RESTAURANT MIZUNO* iCEJIRO J A O T C O M P L E T E5 8 1 2 ALFREDO’ S ORANGE FL ALFREDO’ S IT O T . 6 C O M P L E T E5 8 1 2 BURGER CHEr T SYSTEMS INC WHITE PL A I IPS NY BAT INDUSTRIES U K AM 4 4 . 0 C O M P L E T E5 8 1 2 ORIJT HER • S INTL. INC. LOUISVILLE Kf SR AND METROPOLITAN LTO U K AM P E N D I N G5 8 1 2 HYS OF CANADA RESTAURANT HIGHLAND PARKIL HYS O F CANADA LTD. C A O T . 1 C O M P L E T E5 8 1 2 KYCTAR'J CO. LTD GARDENA CA KYOTARU CD. LTO. J A OT P E N O I N G5 8 1 2 LA PAVILLCiM WASH DC PEOPLES REPU8LIC OF CHINA C A AM 1 . 0 C O M P L E T E5 8 1 2 LA COUPOLE £N MANHATTAN NEW YORK NY JE AH DFNOYER 5 JEAN ROZAN FR O T C O M P L E T E5 8 1 2 LES CHEFS 3E FRANCE ORLANDO FL LES CHEFS DE FRANCE F R O T . 6 C O M P L E T E5 8 1 2 MAXIM’ S RESTAURANT NEW YORK NY CARDIN* PIERRE F R O T P E N O I N G58 12 MITSUKOSHI USA INC. ORLANDO fl MITSUKOSHI LTD. J A O T . 6 C O M P L E T E581 2 SAN ANGEL INN ORLANDO FL SAN ANGEL INN MX O T . 6 C O M P L E T E5 8 12 SOGECLIF U3A LTD MONTPELIER MD SOGECLIF F R ®T P E N D I N G5 8 12 TREADWAY INNS (5 DIVISIONS) NEWPORT RI GREEN ALL WHITLEY GRmiP LTO U K AM 4 . 3 P E N D I N G5 9 1 2 CONTINENTAL DRUG’ S NEWSSTANDS & GIF MIAMI FL GERSTEIN FAMILY C A m C O M P L E T E5944 BIJCC FLL AT I INC. NEW YORK NY BUCCELLATI INC* IT O T C O M P L E T E5944 DAYTON HUDSON JFWELERS DIV. MINNEAPOLIS m n BIRK’ S* H E N R Y C A M I L Y C A AM C O M P L E T E5944 J* JFSSOP * SONS SAN DIEGO CA HENRY BIRKS FAMILY C A AM C O M P L E T E594 7 HOST INTL INC . SEVRL CUTY FREE SHOP SANTA M O N I C A CA FEEWEY & MILLER r AMILIES H K AM 3 6 . 0 C O M P L E T E59 4 7 LOE’JE OF HA DR ID NEW YORK NY LOEWE FAMILY S P N P C O M P L E T E59 61 FIRST COINVESTCRS INC • ALBERTSON NY ROONEY* PATRICK J . C A AM . 3 C O M P L E T E

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F O R E I G N D I R E C T I N V E S T M E N T I N T H E U N I T E D S T A T E S1382

US FIRM NAME LOCATION F O R E I G N I N V E S T O R N A T T Y P E

COLE NATIONAL CORP CLEVELAND OH VR Gf f M E N Q R E E S M A N N N L E IAMSTERDAM- OT TERDAM BANK NEW YORK NY A M S T E R D A K - R C T T E R D A M B A N K N L mARAB BANKING CORP. NEW YORK NY AR Aft B A N K I N G CORP. B A O TBANC A N A Z 10 N A LE DEL L AVARO M I A M I FL B A N C A N A Z I O N A L E D E L L A V A R O I T O TBA N C A NAZ ID NA Lr DEL LAVORO CHICAGO IL B A N C A N A Z I O N A L E D E L L A V O R O I T O TBANCO AUXILI A R SA NE W YORK NY B A N C O A U K I L I A R S A B R mBANCO BANDiIRANTES SA N E W Y O R K N Y B A N C O B A N D E I R A N T E S SA B R O TBA NC C RRASILERCS DE DESCONSO NEW YORK NY B A N C O B R A S I L E R D S D E D E S C O N S © B R O TBANCO CAFETERn IMTf L • CORP* NEW YORK NY B A N C O C A F E T E R O C O O TBA N C 0 CONSUL I DADO CA NEW YORK NY B A N C O C O M S O L I D A D O C A V E O TBA NC0 CONS3LIDADO CA N E W YORK NY B A N C O C O N S O L I D A D O V E O TBANCO DE CHILE 6 N E B A K C O D E C H I L E Cl O TBANCO EXTERIOR DE ESP ANA SA L O S A N G E L E S CA B A N C O E X T E R I O R D E E S P A N A S P O TBANCO NACIONAL DE PANAMA NEW YORK NY B A N C O N A C I O N A L D i P A N A M A P M O TBANCO MAC IDNAL SA MIAMI FL B A N C O N A C I O N A L B RBANCO NACIONALF DEL VCRA ATLANTA GA B A N C O N A C I O N A L E D E L V O R A I T O TBANCO NDRF3 T E SA NEW YORK NY B A N C O NORESTE SA B R O TBANK OF C R£ DIT * COMMERCE* INT’ L* L MIAMI f l B A N K O F C R E D I T ft C O M M E R C E * I N T * L * L C J O TBANK OF NE<J SOUTH WALES BA NIC O F N E W S O U T H W A L E S A SBANK OF TOKYO# LTD. CORAL GABLES F L B A N K O F T O K Y O t L T D . J ABANQiJE O E L * I ? DOCHI NE DE SUEZ LOS ANGELES C A B A N @ U E D E L * I N D O C H I N E D E S U E Z F R O TB A K Q U E I ND3 S J L7 LOS ANGELES CA B A N f f U E I M D O S U E Z F RB A N Q U E SUOS MERIS MIAMI F L B A N O U E S U D A M E R I S F R O TBARCLAYS BA MK I f !T *L. (LEX. AVE.) NEW YORK NY B A R C L A Y S B A N K I N T f L . U K O TBA-iNCO DE *0NCr-145TH ST N E W YORK NY B A N C O OE P O N C E G I O TBNF I NT * L • rofcr * HOUSTON T X B N P I N T * L # C O R P * F R O TCOHINO INT*L BANKING CORP. HOUSTON T X C O M I N O I N T f L . B A N K I N S C O R P # B R O TCREDIT L Y 0‘J N A IS SA C R E D I T L Y O N N A I S F R O TDEN D ANSK E PROVINSBANK AS NEW YORK NY D E N D A N S K E P R D V I N S B A N K A S D A O TDUBAI BANKt LTD NEW YORK NY D U B A I B A N K * L T D T C O THIBERNIA BANCSHARFS CCRP. SAN FRANCISCOCA F I R S T P A C I F I C G R O U P H K AMHONG KOMG BANK INT*L HHUSTON TX H O N G K O N G B A N K H K O TKA WAN 8 A M< « LTD. LOS ANGELES CA K A M A H B A N K * L T D . H K O TK R U N G THAT BANK* LTD. K R U N G T H A I B A N K * L T D . T H O TMARINE MIDLAND OVERSEAS - * C G R P # NEW YORK NY H O N S K O N 6 & S H A N G H A I B A N K I N i C O R P # H K O TMI C L AMD B&M K NEW YORK NY M I D L A N D B A N K U K O TSCANDINAVIAN BAMK* LTD. LOS ANGELES CA S C A N D I N A V I A N S A N K * L T D # SW O TSIAM COMMERCIAL BANK ♦ LTD. LOS ANGELES CA S I A M C O M M E R C I A L S A N K * L T D # T HSOCIETE G EN E R ALE C H I C A G O I L S O C I E T E 6 E N E R A L E F R O TSTATE BANK OF INDIA tCALIFORNIA) LOS ANGELES CA C O M M E R C I A L S T A T E B A N K O F I N D I A I N O TSTATE BANK OF NEW SOUTH WALES N E W Y O R K N Y S T A T E B A N K O F N E t f S O U T H W A L E S A S O TSTANDARD C-i A RTfRED BANKS* LTD ATLANTA GA S T A N D A R D C H A R T E R E D B A N K L T D U KF I R S T L O S \ N G F L E S BANK LOS ANGELES C A I S T I T U T O B A N C A R I O S A N P A O L O D I T O R I I T AMWHITE MOTOR CCPP*S FINANCE UNIT C L E V E L A N D OH A B t O L V O SW AMROTHSCHILD* L. P.* UNTERBERG* TOWBT NEW YORK NY R I T ft N O R T H E R N P L C U K AMSMITH BARW£Y HARRIS UPHAM & CO. HOL NEW Y O R K NY M I D D L E E A S T E R N I N V E S T O R S S A AM

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SIC US FIR** NAME LOCATION FOREIGN INVESTOR NAT TYPE V'ALUE STATUS

62 WARBURG PARIBAS BECKER-A.G. BECKER NEW YORK NY S. G* WARBURG & CO. UK El 7 . 0 p t m i H G63 MODERN LIF-: INSURANCE CO. GRCUPE LA LAU3ENTIENNE CA &M COMPLETE63 GARDEN STATE LIFE INSURANCE.C0# TRENT ON NJ LEGAL AND GENERAL GROUP* LTD. UK AM 10* 0 COMPLETES3 MILBAAfK MUTUAL. INSURANCE CO • MILBANK SD BRITISH ROYAL INSURANCE GROUP UK AM PENDING6 5 3 1 AM GE R MANN INC LOS ANGELES CA HORST F .G . ANGERMANN GE OT COMPLETE653 1 COLD HULL PA NK EK/H1TSU I J . ¥ . LOS ANGELES CA MITSUI REAL ESTATE DEVELOPMENT CO* JA JV COMPLETE65 31 ORUCE FRAMES REALTY CHRP NEW YORK NY ORUCE AND COMPANY UK a v COMPLETE65 3 1 FULLER COMMERCIAL BROKERAGE CO. CHICAGO IL A.E. LEPAGE LTD CA AM COMPLETE65 3 1 GOGCH AND 4 A G S T A F F I*iC DENVER CO GOOCH AND WAGSTAFF LTD UK <HT COMPLETE6531 JAMES H. 8JRNS CO. NEW YORK NY KNIGHT FRANK & REATLEY UK AM COMPLETE65 31 MACAULAY NI CHOLIC MAITLAND SEATTLE WA MACAULAY NICHOLLS MAITLAND GA OT COMPLETE65 3 1 WILLIAM J . GILL APPRAISERS LONG ISLAND NY FURSPEAN AMERICAN BANK FR AM COMPLETE65 31 WILMA REALTY SOUTHWEST INC HOUSTON TX WILMA GROUP NL OT COMPLETE6 5 3 1 2ACELH0FF \MD ASSOCIATES LTD ATLANTA GA ZA DELHOFF MAKELAARS NL RE COMPLETE65b 2 ATMBIMDER * * AMALIA HOUSTON TX BRAMELEA. LTD CA r i COMPLETE65 5 2 AO K I CONS TR U C 7 I 0^ CO * COLUMBIA MD AOKT CONSTRUCTION CO. LTD JA ®p COMPLETE6552 AO KI i m CDLUMt-IA BALTIMORE MD AOKI CONSTRUCTION CO. LTD JA RE 7*8 COMPLETE6552 CANAL CORP. NEW YORK NY WARBURG INVESTMENT MGT. UK AM COMPLETE6 5 5 2 FIRST CITY PR^prRTIFSf INC. BELZBERG FAMILY CA AM COMPLETE655 2 HASEGAWA KD^UTM ( U . S . A . ) IMC HONOLULU HA HASEAWA KOMUTEN CO.* LTD JA mr COMPLETE65 5 ? LONDON AND LEEDS CORPCRATIOM NEW YORK NY LADBROKE GROUP PLC UK OT COMPLETE65 5 ^ MAcNUM I N T£ R M /• TIC**!AL SAN JOSE CA MAGNUM INTERNATIONAL GROUP HK OT COMPLETE6? 11 ALASKA INT~ R N AT ION INC-USTRIES INC. ARCHORAGE AK CANADIAN TRUST SECURITIES CA m 4 0 . 0 COMPLETE6 7 1 1 AM N EDVAST * I VC ATLANTA GA AM NEO VAST B.V. NL OT COMPLETE671 1 EASTERN R F L T v I*’VrST?ENT CHRP TX ELECTRICITY SUPPLY PENSION FUND UK OT COMPLETE

1 1 F I R S T C I T Y P R C P FP T IE S INC DOWNEY CA BELZBERG FAMILY CA El COMPLETE67 1 1 F I R S T EMP IRE STATE CORP BUFFALO NY BOKAT INC ET AL PM AM COMPLETE6 7 1 1 MOR$U*FO P.ROPFFTIcS I N C . S E A T T L E y A MORGUARD GROUP LTD CA OT COMPLETE671 1 NO RO GROUP ATL ANTA GA NOR® GROUP NL OT COMPLETE6 7 1 1 pE R C Y CAP LAM C~* U . S . A . TNC. BOSTON MA PERCY CAPLAN IMC CA m COMPLETE6 7 1 1 TRO TAURUS E Q U I T I E S INC BOCA RATON FL TBG TAURUS EQUITIES GE OT COMPLETE679'3 C A L I FO R N I A L E I S U R E PRC0UCTS* INC ANAHE IM CA YOUNG* CHERRAL N. AND JOHN H. CA AM COMPLETE7 0 1 1 ADOLPHUS HOTf t DALLAS TX S P<? SZ RE COMPLETE7011 AT RPORT HO*. F 1 AY H'bi SAN FRANC ISCOCA GROSV ENOR I NTERNATf L LTD UK RE 1 6 . 0 COMPLETE70 1 1 ALRAE HOTEL NEW YORK NY TRUST HOUSE FORTE* LTD UK RE 2 5 . 0 COMPLETE70 11 A** p A SS ADO R y F f T CHICAGO IL AEP LINGUS El RE COMPLETE701 1 BALTIMORE ILTC-M BALTIMORE MD ABRUZZI* N.V. NA RE COMPLETE7 31 1 CLTMOT OC - RA? CF GAITHERSBURG MD SOGECLIF FR RE COMPLETE7011 CO\:CORL?£ F'LACfc T ^ FR HOUSTON TX CONCORDE HOTELS FR RE COMPLETE70 1 1 E >' £ R L AD E S -IOTP I MIAMI FL TROPERO INVESTMENTS I . V . NA RE COMPLETE7 0 1 1 GREEN- ^OU u:T A I F 1V» STOWE VT GAMEROFF* SIMON AND DAVID CA RE • 7 COMPLETE7*11 HE R S F* EY P K LA EE PH I A H C T£L PHILADELPHIA PA UN IDENTIFIED GE RE COMPLETE701 1 HOTEL SEATTLF WA HON© KONG LAND CO HK RE 1 7 * 0 COMPLETE70 1 1 HOTEL MIAMI FL BAL HARBOR ON THE PARK N*V. NA RE COMPLETE70 1 1 HOTEL EUROPE CHAPEL HILL NC UN IDE NTIFIED UK RE 1 5 . 0 COMPLETE701 1 HO Tr L PROJICT MT AL Yr SKA AK SFIBU RAILWAY CO. LTD JA RE COMPLETE

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SIC US FIRM & .ME LOCATION FOREIGN INVESTOR NAT TYPE VALUE STATUS

7 0 1 1 HOTEL PROJECT CHICAGO IL ABDUL L* JAMEEL SA RE COMPLETE7 01 1 HOTEL proj e c t NEW YORK NY NOVOTEL S . I . E . - 4 . FR HE COMPLETE70 1 1 HYATT INTERNATICMAL CHICAGO IL CA NAD IAN IMPERIAL BANK CA AM COMPLETE7 0 1 1 LA RESERVE RYE NY OMMTTEL FR RE 1 5 . 0 COMPLETE7 0 1 1 MARINA P A R< MIAMI FL ANACONDA CORP. N.V. NA RE 1 . 8 COMPLETE7 0 1 1 MIDGET MANSION HOTfL MIAMI FL UN IDENTIFIED CA RE COMPLETE7 0 1 1 O’ HARE SOFr TEL CHICAGO TL NOV©TEL S.IEH. FR RE 3 . 6 COMPLETE7 0 1 1 OAKLAND HYATT OAKLAND CA CARRIAN IN VESTMENTS HK RE COMPLETE7 0 1 1 ONE LOGAN SQUARE PHILADELPHIA PA FOUR SEASONS HOTEL* LTD CA RE COMPLETE7 0 1 1 PAVILION T3WFRS HOTEL VIRGINIA BEACVA AL I-FASST* SIHEIX MOHAMMED SA HE COMPLETE7 0 1 1 POINCIANA OT EL MIAMI SPRINGSFL CARELLA PROPERTIES N.V. NA RE 1 . 6 COMPLETE70 1 1 PROVO EXCELSIOR PROVO UT EXCELSIOR HOTEL 3ROUP UK RE COMPLETE7 0 1 1 SAN MARCOS HOTEL PHOFNIX AZ SAN MARCOS SYNDICATION CA RE 1 3 0 . 0 COMPLETE7 0 1 1 TREADWAY INNS MA GREEN ALL WHITLEY UK RE 3 . 4 COMPLETE7 0 1 1 WEST IN MI Y& K 0 SAN FRANSISCOCA KINTETSU CORPORATION JA RE COMPLETE7 2 11 RENTEX SERi/ICFS CORP PHILADEPHIA PA SKETCHELY PLC UK AM COMPLETE7 2 1 3 ABELOVE HOLDING CORP* UTICA NY SKETCHEY PLC UK am 6 . 3 PENDING7 2 13 MEANS SERVICES IMC# CHICAGO TL SKETCHLEY LTD. UK AM 4 0 . 6 PENDING73 NEC INFO SYSTEMS INC. BOXBOROUGH MA NIPPON ELECTRIC CO. JA nf COMPLETE7 3 1 1 COMPTON COM MUNICATINS NEW YORK NY SAATCHI * SAATCHI CO. LTD UK am 5 7 . 0 COMPLETE7 3 1 1 PLUMRIDGE ADVERTISING INC. BETHESDA MD LES CREATEURS ASSOC El AL FR AM COMPLETE7 3 1 1 YOL’NG K RU3 I C AM/DENTSU INC NEW YORK NY DENTSU CORP JA JV COMPLETE73 5 1 PR NEWSiifclRE A SSOC. INC NEW YORK NY UNITEO NEWSPAPERS LTD UK AM COMPLETE73 61 NIPPON M A KP 0 V FR KK LOS ANGELES CA NIPPON MANPOWER KK JA OT PENDING7362 BUSINESS CENTRES IMTL (8CI) NEW YORK NY IRA1ANI KAZE* IR or 5 . 0 COMPLETE13 72 FRIENDS A.MIS INC. SAN FRANCISCOCA MATSUSHITA ELECTRIC IND. CO. JA AM COMPLETE73 12 OCEAN DATA SYSTEMS INC. ROCKVILLE MD BR ITISH AIRWAYS UK AM 7 . 5 COMPLETE73 72 WYLY CORP DALLAS TX HAEFNER* WALTER SZ El 1 . 5 COMPLETE7374 COMPUTER SERVICES INTI NEW YORK NY COMPUTER SERVICES CORP JA PE COMPLETE73 74 DISCLOSURE INC. BETHESDA MD VNU NV NL AM COMPLETE7374 ELECTRONIC BANKING SYSTEMS CORP DALLAS TX OLIVETTI FAMILY IT AM COMPLETE737 4 IRIS SYSTEMS DEVELOPMENT CORP. SPRINGFIELD VA EUROPEAN INVESTOR GROUP UK »P o.inCM COMPLETE7374 REMSTAR INDUSTRIES S* PORTLAND ME RE!*STAR INDUSTRIEVER GE HP PENDING7374 SWUBROOK D-:SIfNS LTD. KANSAS CITY MO SHU8ROOK* PAUL R. UK OT COMPLETE73 74 WHARTON E CD NO NTTRICS INC PHILADELPHIA PA FRANCE* GOVT OF FR AM 1 0 . 0 PENDING73 79 DATA CROWN INC SILVER SPRINGMD EXTENDICARE LTO. CA OT 4 5 . 0 COMPLETE7 3 1 9 KALBRO COR3 . MOORESTOWN NJ UNITED KINGDOM* GOV'T OF UK AM 2 . 0 COMPLETE737 9 PANAFAX CORP. WOODBURY NY MATSUSHITA ELECTRIC INDUSTRIAL JA El 2 9 . 0 PENDING73^1 AQIACULTURE PRCiPTS TECHNOLOGY LTD DENVER CO COHEN* DAN IS AM COMPLETE7 39 1 UNITED STATES TESTING CO. HOBOKEN NJ GENERALE DE SURVEILLANCE HOLDING SZ AM COMPLETE7392 INTERACTIVE SYSTEMS CORP. LITTLETON CO BAHMAN BAT MANSHELIDJ IR AM . 8 COMPLETE7392 MANNING SELVAGE* * LEE INTL. INC. NEW YORK NY MANNING SELVASE I LEE INC. ET AL JA at COMPLETE7392 NATIONAL FAMILY OPINION TOLEDO OH AG 0 RESEARCH LTD UK AM 9 . 0 COMPLETE7392 mROtiHfl. M AC HADE & WALTER M IAMI FL NO RONHA * MACHADE & WALTER BR OT COMPLETE73 92 NUKEM INC* WHITE PLAINS NY DEGUSSA GMBH GE JV COMPLETE739 4 GLASRGCK CORP *S MEDICAL SERVICE DIV ATLANTA GA BOC GROUP PLC UK AM o.£00 PENDING

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SIC

7394739473957395739973997399752 376927814783219Z57996799980718tt7189118911891189118911

s i cSUMMARY REPORT

FOREIGN OIRECT INVESTMENT IN THE UNITED STATES 1982

US FIRM NAME LOCATION FOREIGN INVESTOR NAT TYPE

MITSUI LEASING NEW YORK NY MITSUI LEA SINS DEVELOPMENT LTD* JA OTORIENT-US LEASING CORP LOS ANGELES CA ORIENT LEASING CO LTD JA JVBERKEY PHOTO INC. WHITE FLAIRS NY NIMSLO INTL LTD UK EIPC A INTL MATTHEWS NC MINT INTL SA SZ AMBANDER-TRANS-WORLD AUCTIONEERS PHOENIX A Z BANDER-TRANS-4DRLD AUCTIONEERS SA OTDATRONIC RENTAL CORP CHICAGO IL RO GAN * KEVIN EI EINIPPON GOLDEN NETWORK HI SEITU STORFS LTD ETAL JA OTALLRIGHT AUTO PARKS INC HOUSTON TX THOMAS CHE N TSENG TAO HK AMBAYLY ELECTRONICS CORP DEPEW NY AE <5-TELF.ru NKEN GE OTTELIOON LOS ANGELES CA ATKINSON ESTATE CA JVBEVERLY CIM E? LEX* THE LOS ANGELES CA ClNFPLEX CA OTSOTHEBY PARKE BFRNET INC* NEW YORK NY SOTHtEBY PARKE 3ERNET PLC UK 3TLION COUNTRY SAFARI IfcC* LAGUNA HILLS CA SO NNEN8ERS #ST ALT LS AMTOKYU TOURIST INTL INC** LOS ANGELES CA TOKTU CORP * JA OTBIOMEDICAL REFERENCE LAB* INC BURLINGTON NC HOFFMANN LAROCHE & CO* LTD SZ AMCONSOLIDATED BIOMEDICAL LAB DUBLIN OH HOFFMAN ~LA ROCHE & LTD. AG SZ AMBLQUNT-FICHTNFR ENGINEERING YPSILANTI MI FICKTNER CONSULTING ENG* GMBH GE JVBOLT* BERAMEK & NEWMAN INC* CAMBRIOGE MA SORCTS OVERSEAS & SCHLUMBER GFR LTD* NA EIDM INTL INC. HOUSTON TX DAVT CORP INTL UK NPGULF INTERSTATE CO* HOUSTON TX SIDAW 11 RAJA ET AL AU EIPINCOCK* ALLEN & HOLT INC. TUCSON AZ MATTHEW HALL I CO* LTD UK AMCONSOLIDATED BIOMEDICAL LA8* COLUMBUS OH HOFFMANN LA ROCHE & CO. SZ AM

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FOREIGN DIRECT INVESTMENT IM THE UNITED STATES 1 9* 2

s r c US F IRM NAME LOCATION

**** 10 1 NORTH PACKER CHICAGO IL**** 1 0 1 0 LAMAR STREET HOUSTON TX**** 102 3 15TH STREET WASHINGTON DC** * * 1 1 5 - 1 1 7 EAST 54TH STREET NEW YORK NY*** * 1 1 6 0 KANE CONCOURSE MIAMI FL**** 126 ALHAMBRA CIRCLE CORAL GABLES FL**** 12 7 JOHN STPEET NEW YORK NY*** * 1 4 1 5 LOUISIANA HOUSTON TX**** 14 6 MADEIRA CORAL GABLES FL**** 1 5 Q E* 52 ND STREET NEW YORK NY**** 175 HATER STREET NEW YORK NY**** 1 9 1 9 BROADWAY DENVER CO*-* * * 2 1 2 1 WISCONSIN AVENUE WASHINGTON DC*** * 2 14 ANTILLA AVENUE MIAMI FL*** * 260 KADIS ON AVENUE NEW YORK NY**** 28 5 2 OAK AVE. MIAMI fl**** 3 e a s t BOTH STREET NEW YORK NY**** 3 1 0 0 TIMMONS LANE HOUSTON TX** * * 33 NORTH DEARBORN CHICAGO IL*** * 35 EAST WACKER DRIVE CHICAGO IL** * * 3500 WILSHIRE BL.VO LOS ANGELES CA**** 353 SACRAMENTO SAN FRANCISCOCA**#* 3 5 7 - 5 9 WEST 2^TH STREET NEW YORK NY*** * 36 S . FRANKLIN CHICAGO IL** * * 400 S . HOPE STRFET LOS ANGELES CA**** 405 PARK AVENUF NEW YORK NY** ** 4140 SW 74TH STREET D ADE fl**** 60 0 THIRD A VE . NEW YORK NY**** 6 5 7 - 7 1 r t m O U DRIVE MIAMI FL**** 6 8 0 1 W.W. ?4TH AVENUE N* MIAMI FL** * * 744 SW FOURTH STREET MIAMI FL*** * 8320 SU 8TH STREET DADE FL*** * 8 96 9 E. FERN STREET PERRINIE FL**** 90 R ROAD STREET NEW YORK NY*** * 90 0 N.E. 125TH STREET M IA MI FL**** 96 5 5 M.W. 79TH STREET HIALE AH FL*♦ * * RIVER REND I NO IA NPOLIS IN**** ABRAMS CENTER DALLAS TX** * * ALAMO PLAZA DENVER CO** ★ * AL MM BRA VILLAGE WINTER PARK FL** * * AMOCO TOWER DENVER CO*** * ANORAU AIRPARK HOUSTON TX**** ARCADE CENTER SEATTLE WA*** * ATLANTA GALLERIA ATLANTA GA**** ATLANTA WEST BUSINESS PARK ATLANTA GA**** AUBURN VILLAGE ALEXANDRIA VA

FOREIGN INVESTOR NAT TYPE VALUE STATUS

UNIDENTIFIED INVESTORS RE COMPLETEBRITISH ELECTRIC PENSION UK RE 2 5 . 0 COMPLETESAVffGE-FOSARTY NL RE COMPLETEBANC0MER* S * A* MX RE 6 . 0 COMPLETEKI N(£F IELDf N.V. NA RE COMPLETECAIN INVESTMENTS NV NA HE 5 . 1 COMPLETESCHRODER REAL ESTATE CORP. UK RE COMPLETEELECTRICITY COUNCIL OF ENGLAND-PENS UK RE 9 0 . 0 COMPLETEPETRAS INVESTMENTS NV NA RE . 5 COMPLETER0YCG GROUP UK RE 6 0 . 0 COMPLETEHOWARD RON SON UK RE COMPLETEUN TOE NTT FI ED UK RE 1 1 5 . 0 COMPLETEGEORGETOWN CENTER N.V. N A RE 9 . 0 COMPLETEINTERNIA COR*. N.V. NA RE COMPLETESCHRODER REAL ESTATE CORP. UK RE COMPLETETEARCA M.V. NA RE 1 . 9 COMPLETEUNIDENTIFIED SZ RE 2 . 3 COMPLETEASHLAND ESTATES LTD HK RE 2*0 COMPLETEPENSION FUND RE 2 0 . 0 COMPLETEMARAL MORTGUSE CORP /EXCELSIM LIFE CA RE COMPLETECADILLAC-FAIRVIEWt LTD CA RE COMPLETEDACN CORP. CA RE COMPLETEAFCORELLI Ufe IT RE COMPLETEc a o i l l a c - f AIPVIEW CA RE COMPLETEREICHMAN FAMT.Y CA RE 9 5 . 0 COMPLETE00 KER AIL* N.V. NA RE 4 1 . 0 COMPLETEMIGMVEST N.V. NA Rt 2 . 0 COMPLETESUMITOMO COR3 /SUMIREAL CORP. JA RE 8 0 . 0 COMPLETEBERRIANA INVE5TMENTS N.V. NA RE COMPLETEFLAIR A N.V. NA RE • 7 COMPLETEIMPERIAL REAL PROPERTIES INC. PM RE • 4 COMPLETELANDMARK* P30Q N.V. NA RE 1 . 5 COMPLETEHU Lfift N.V. NA RE COMPLETEBR ITISH LAND CO. UK RE COMPLETETIBEL PROPERTIES NV NA RE 3 . 4 COMPLETEMICWAEL ROSENBERG CA RE 2 . 6 COMPLETEOXFORD DEVELOPMENT GROUP CA RE 19*© COMPLETEGENERALF D ♦ ENTERPRISE SOCIETE FR RE COMPLETETRANSATLANTIC DIL % ENERGY CO. NO RE COMPLETEORLANDO ALHAMBRA SYNDICATE CA RE 4 i * 0 COMPLETEBRITISH PETROLEUM-PENSION FUND UK RE COMPLETEEUROPEAN FERRIES* LTD UK RE 30 0* 0 COMPLETECARMA DEVELOPERS LTD CA RE 2 5 0 * 0 COMPLETENORO GROUP 0F COMPANIES NL RE 15 0 * 0 COMPLETEHOOKER CORP. AS RE 2*5 COMPLETEUNIDENTIFIED CSKFf INC) NL RE COMPLETE

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FORETGM DIRECT INVESTMENT IN THE UNITED STATES 1 9*2

SIC US FIRM NAME LOCATION FOREIGN INVESTOR NAT TT PE VALUE STATUS

*** * BARNETT PLAZA ORLANDO FL ABDUL L. JAMEEL SA RE COMPLETE** * * BAY SHARE YACHT CLUB FT. LAUDERDALFL MANSON INVESTMENTS* N.V* NA RE COMPLETE*** * BOARD OF TRADE BLOG PRUDENTIAL INSURANCE UK RE COMPLETE** ** BOCA PARK BOCA RATON fl MARK8QR0UGH PROPERTIES* LTD. CA RE COMPLETE**** BOCA TRAIL BOCA RATON FL BR AMALE A * LTD CA RE COMPLETE**** BREEZE HILL lake wales fl PINES* OR. RICARDO VF RE COMPLETE** * * BRENTWOOD CQMMHONS N ASHVILLE T N LAIRG PROPERTIES LTD UK RE 3 5 . 0 COMPLETE*** * BR IDpE.'ATE* COMMONS BRIDGEWATER NJ TRTZEC CORP. CA RE 20 0 . 0 PENDING**** BUCKINGHAM TOWERS FORT LEE NJ FI NAGEST SZ RE COMPLETE**** CALIFORNIA CENTER SACRAMENTO CA PEN-NOR E G U i m S CA RE 4§*0 PENDING**** CALIFORNIA CLUB MALL M IAMI fl NU HEST GROUP CA RE COMPLETE** * * CALIFORNIA PLAZA LOS ANGELES CA CADILLAC-?AIRVIEW* LTD CA RE 4 0 0 . Q COMPLETE**** CASA GRANDE CENTER CASA GRANDE AZ BRONFMAN -AKiLY CA RE 5 . 5 COMPLETE*** * CAS ARINA STESTA KEY FL LEND LEASE CDRP* LTD AS RE COMPLETE** * * CENTRE COURT ATLANTA GA NOR** GROUP £? COMPANIES NA RE COMPLETE** * * CENTROS HOUSE BOSTON MA CENTROS PROPERTIES LTD UK RE COMPLETE** * * CHAPFL C R EE K RANCH FORT WORTH TX UNIDENTIFIED INVESTORS GE RE COMPLETE** * * CHINA BA S IN BUILDING SAN FRANCISCOCA UN IDENT IFI ED HK RE COMPLETE*** * CHINATOWN PROJECT MISSOURI CITYTX UNIDENTIFIED INVESTOER HK RE 3 2 . 0 complete** * * CHLRCH BU ILDI ^ M IAMI FL VALVIL CORP. N.V. NA RE . 9 COMPLETE** * * CITIZENS FtDE PAL S&L ^LDG BELLEVUE »A MORSUARD PROPERTIES LTD CA RE 5 2 . 5 COMPLETE* * * * CO EB PLACE ATLANTA GA CADiLLAC-FAIRVIEW LTD CA RE COMPLETE*♦** CONCORDE TOWER HOUSTON TX HANS LUN& DEVELOPMENT HK RE COMPLETE**** CONDOMINIUM DEVELOPMENT MAUI HA HA SEGAW* KCMUTEN CO. LTD JA RE COMPLETE*** * CONDOMINIUM DEVELOPMENT M IAMI FL VA LINIVEST N.V. NA RE 3 . 1 COMPLETEit* it* CONDOMINIUM PROJECT HAWAII ISLANDHA TOKYU GROUP JA RE COMPLETE** * * CORPORATF CENTFR GOLDEN CO CANADIAN PIONEER REALTY & DEVELPMEN CA RE COMPLETE* * * * CORPORATE 3 AR K COMPLEX CULVER CITY CA BRAMALEA LTD. CA RE 3 0 0 . 0 COMPLETE** * * COUNTRY SIDE APTS* MEMPHIS TN NAGRON GROUP NL RE COMPLETE* * * * COUNTY SPAT SHOPPING CENTER VALPARAISO IN UN IDFNTIFIED NL RE COMPLETEi t * * It CRYSTAL TOWER MIAMI FL N. PHAL* S . A«, / SOCRI OF NICE FR RF 1 2 . 0 COMPLETE* * * * CYPRFSS WALK ORLANDO FL TR ANSOL HOLDING NL RE COMPLETE* * * * DALLAS M A IM C ENTER DALLAS TX BRAMALEA LTD CA RE 5 0 0 . 0 COMPLETE* * * * DEBRA PROJECT ORLANDO FL UW IDFNTIFI ED SA RE PENDING*** * DEERFIELD CORPORATF PARK DFERFIFLD FL GREEN WIN GROLP CA RE COMPLETE** * * OUNMOODY VILLAGE ATLANTA G A NORO GROUP OF COMPANIES NL RE COMPLETE** * * EAST LAKE CHULA VISTA CA CADTLLAC-FAIRVIEW LTD CA RE COMPLETE** * * ELK GROVE TILLAGE ELK GROVE IL SLOUGH ESTATES, LTD UK RE COMPLETE* * * * EQUITABLE 3 LD 0 ATLANTA GA ASAHI MUTUAL .IFE INSURANCE JA RE COMPLETE* * * * EVER TRUST BUILT ING JERSEY CITY NJ CH ANG *HATSU Y . r . TW RE 2 0 . 0 PENDING**** FASHION VALLEY CENTER SAN DIEGO CA IMPERI&L GROU9 PENSION FUND UK RE 6 0 . 0 complete* * * * FICELTTY BUILDING CORP* BLOGS PHILADELPHIA PA AL-TAJIR* MA H}I TC RE 6 3 . 5 PENDING* * * * FIESTA HALL mesa AZ GR OSVENOR Hf LDINSS* LTD. UK RE COMPLETE* * * * FINANCIAL c E D E F. A L BLD- MIAMI FL STORFORD N.V. NA RE COMPLETE* * * * FIRST INTERSTATE PLAZ* SAN DIFG.0 CA WEST LIFE ASSURANCE CO. ET AL CA R E COMPLETE* * * * FLORIDA FEDERAL SAVINGS BLOG TAMPA fl GELD S WEST GE RE COMPLETE

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SIC US FIRM NAME LOCATION

♦*** FLCUR HILL WASHINGTON DC**** FOSTER VILLAGE FORT yORTH TX**** FOUR PENN CENTER PHILADELPHIA PA♦* ** FREEPORT TOWN CENTER DALLAS TX**** FREEWAY BUSINESS CENTER LONG BEACH CA** * * GALLERIA TOWN CENTER KANSAS CITY MO**** GATEWAY PARK COLORADO SPRICO* * * * GHIRADELLI SQUARE SAN FRANCISCOCA**** GLENttOOO SPRINGS MALL HOUSTON TX**** GRANADA C OHM UNITY ORANGE C0U8TYFLi t * * * GRANT BLDG PITTSBURGH PA* * ♦ * GREENBRIAR SOUTHWEST FIVE STAFFORD TX*** * GWINNETT COUNTY MALL GWINNETT GA** *★ HAWAII PROPERTIES HONOLULU HA** ** HERALD SQUARE KOPVETTES BLDG NEW YORK NY* * * * HERITAGE PARK PLAZA HOUSTON TX* * * * HIGHLAND PLAZA SHOPPII\G CENTER MIAMI FL* * * * HORTON PLAZA SAN DIEG-0 CAf t * * * HOTEL PROJECT CA* * * * INDUSTRIAL BLDG MOONA CHIE NJ** *★ INDUSTRIAL CONDOMINIUM WESTCHESTER NY** * * INDUSTRIAL CONDOMINIUM WESTCHESTER NY**** INDUSTRIAL PROJECT D ALLA S TX* * * * INVESTMENT BUILDING WASHINGTON DC* * * * JACAKOL BAY CLUB MIAMI FL**** JACKSON TOWERS SAN FRANCISCOCA**** KENDALL GARDENS OFFICE PARK DADE CO FL**** KUEBLER RANCH OTAY MESA CA**** LAKE NONA PROJECT ORLANDO ^L* * * * LAKESIDE BUSINESS PARK ATLANTA GA* * * * LAND S . MIAMI FL* * * * LAND CHICAGO IL* * * * LAND DADE CO FL* * * * LAND DADE CO FLi t * * * LAND PHOENIX AZ**** LAND ORLANDO FL*** * LAND LOS ANGELES CA**** LAND VANCOUVER WA*** * LAND DADE COUNTY FL* * * * LAND ATLANTA FL* * * * LAND DADE CO FL* * * * LAND DADE CO FL* * * * LAND LOUDON VA* * * * LAND N. MIAMI BEACFL* * * * LAND SAN JOSE CA* * * * LAND MIAMI fl

FOREIGN INI VEST DR NAT TYPE VALUE STATUS

SA VAG E-FOG ARTY NL RE COMPLETEHOCKER CORP. AS RE COMPLETESI MSAPOREt GOVERNMENT OF SN RE 4&*5 COMPLETELAKFVIEW PROPERTIES LTD CA RE COMPLETET0 YOMENKOr KATS-IA LTD. JA RE 82*0 COMPLETEDA m CORP* C A RE COMPLETENU WFST GROUP* LTD CA RE COMPLETE

UK RE COMPLETE8R AMALE A LTD CA RE COMPLETEMARCENT INTE^NftTIAL* LTD CA RE COMPLETELOUIS DREY F US FR RE 5*2 COMPLETEBR IXTON ESTATE PLC UK RE 8 5 . 0 COMPLETECAOTLLAC-FATRVIEW LTD. CA RE l l f U O COMPLETEDA IEI LTD JA RE 3 3 0* 0 COMPLETEVOLORY LTD VI RE 2 5 . 0 COMPLETEANAD INC NA RE COMPLETECRYSTAL BREEZE COMPANIA MANIERA PM RE 1 * 8 COMPLETEBRCf^FMAN r AMILY CA RE 1 5 7 * 5 COMPLETEHONS KONG* LAND CO. HK RE PENDINGNATIONAL COAL BOARD PENSIONS UK RE COMPLETEPUIG BARCELONA SP RE COMPLETEHENCKELS ZW ILLINGSWERK GE RE COMPLETEHEADWAY MANJGEMEMT CORP CA RE COMPLETEOLYMPIA & YCR< CA RE COMPLETEKEAN ENTERPRISES SA P « RE PENOINGUNIDENTIFIED HK RE COMPLETEHULIf N.V. NA RE 3 . 8 COMPLETEDEL* INVESTMENTS NL RE 1 3 * 0 PENOINGSUNLEY HOLDING LTD? CROUNG AP *LTD UK RE PENOINGLAING PROPERTIES PLC* UK RE COMPLETECAUSEWAY N*V. NA RE • & COMPLETEOXFORD DEVELOPMENT CO. CA RE COMPLETERE^OVI N* V . NA RE *6 COMPLETEVI FERE CORP. V.V. NA RE • 6 COMPLETEK. MACDONALD* ft. BROCK CA RE 2 8 . 0 COMPLETEBIN MAHF9UZ SA RE 22*0 COMPLETEu n i de n t i f i e d GE RE COMPLETEGENSTAR CA RE COMPLETEBOSASO CORP. N*V* NA RE COMPLETECONSULT* GE RE 3 . 0 COMPLETEBOSSUE ALtGRE S .A . PM RE 2*8 COMPLETECONTINENTAL Fft^HS INC* N*V* NA RE *7 COMPLETENALTAK DEVELOPMENT* N*V* NA RE 1*6 COMPLETESOLTI ESTABLISHMENT LS RE 7*3 COMPLETECAMPEAU* ROPERT CA RE COMPLETEALMAGEN N * V . NA RE 6*5 COMPLETE

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SIC US FIRM NAME LOCATION FOREIGN INVESTOR NAT TYPE VALUE STATUS

**** LAND MIAMI FL MAHfRAJ* KRTSHMA TO RE 3 . 8 COMPLETE**** LAND TAMMANY LA FRANCOIS SPOFRRY FR RE COMPLETE**** LAND ORLANDO FL MARCENT INTERNATIONAL CA RE COMPLETE**** LAND MIAMI FL VERPIAN LTD* N.V. NA RE COMPLETE*★** LA NO ATLANTA GA CONSULTA GE RE 3 . 0 COMPLETE**** LAND DENVER CC JEECO DEVE L©3MENT CA RE COMPLETE**** LAND BOCA RATON FL MORRISON* JOR3E R. VE RE . 5 COMPLETE*** * land ROSEMONT IL NOVtTEL SI EH FR RE COMPLETE** * * LAND CHICAGO IL OXFORD DEV EL D°MENT CO* CA RE COMPLETE**** LAND CORAL GOBLER FL MONDOVI NA RE COMPLETE**** LAND PALM BEACH FL CROUCH GROUP UK RE COMPLETE**** LAND R OSr MONT IL NO VOT EL * SIEH FR RE 3 . 6 COMPLETE**** LAND MIAMI FL CALTANO CORP* N.V. NA RE COMPLETE** * * LAND BOCA RATON FL OLYMPIA % Y0RK* LTD CA RE COMPLETE**** LAND HOUSTON TX EUROPEAN FERRIES LTD UK RE COMPLETE** * * LAND M IAMI FL UN IDE NTIFI ED VE RE COMPLETE**** LAND DALLAS TX TRILAND LT D/NDRTKSFED GROUP CA RE COMPLETE**** LAND DADE FL UNI WORLD INVESTMENTS INC. GJ RE COMPLETE*+ * * LAND CHICAGO IL OXFORD OEV ELO3 ME\lT GROUP. CA RE COMPLETE**** LAND DADE FL ANCORP N.V. NA RE COMPLETE**** LAND <100 ACRES) HOUSTON TX EUROPEAN FERRIES* LTD UK RE COMPLETE**** LAND (109 ACRES) FT. LAUDERDALFL BAGPIPER CORP. N.V. NA RE 1 . 5 COMPLETE*** * LAND <111 A CRTS) HOUSTON TX EUROPEAN FERRIES LTD UK RE complete** * * LAND <112 ACRES) MISSOURI CITYMO UN IDENTIFIED INVESTORS HK RE COMPLETE*** * LAND C1700 ACRES) BATON ROUGE LA GENSTAR CA RE PENDING**** LAND <2.5 ACRES) DADE COUNTY FL UNI-WORLD INVESTMENTS* INC CJ RE • 4 COMPLETE*** * LAND <20 ACRES) MIAMI FL L* ESPLANAD E S .A. PM RE 1 . 5 COMPLETE**** LA NO <20.7 ACPFS) MIAMI FL EURO AMERICAN! HOLDINGS N.V. NA RE 3 . 0 COMPLETE**** LAND <21.5 ACRES) COCONUT CREEKFL MAPLES PROPERTIES N.V. NA RE 1 . 2 COMPLETEif* * * LAND ( 3 . 4 ACRES) DADE COUNTY FL VOLPE CORP. N.V. NA RE 1 . 8 COMPLETE*♦* * LAND <3500 ACRES) KINGSTON GA AL-KABIP* PRINCE FAISAL M. SAUD SA RE 3 . 5 COMPLETE* * * * LAND ( 4 . 7 ACRES) DADE COUNTY FL ANCORP N• * V • NA RE . 5 COMPLETE*** * LAND (45 ACRES) COCONUT CREEKFL COCLIDGE N.V. NA RE 2 . 5 COMPLETE*** * LAND (75 ACRES) AUSTIN TX BRONFMAN c AMIL Y CA RE COMPLETE*** * LAND ( 8 . 5 ACRTS) MIAMI FL FLORMI N.V. NA RE 2 . 5 COMPLETE** * * LAND <9.1 ACRES) COCONUT CREEKFL MAPLES PROPERTIES N.V. NA RE . 6 COMPLETE**** LAND’ S END PINELLAS CS FL LEND LEASE CORPORATION* LTD AS RE COMPLETE** * * LANGBORNE SQUARE CENTER L ANSB ORNE PA BRAMALEA LTD. CA RE 2 . 0 COMPLETE**** LEEDS BLDG SAN FRANC I SCOCA UN IDE NTIFIED HK RE COMPLETE** * * LEVITTCUN CENTFR LEVITTOWN PA BRAVULEA LTD. CA RE COMPLETE**** LINCOLN WEST NEW YORK NY MACRIt FRA NS SCO AR RE 6 5 0 . 0 PENDING*** * LONG beach p l a z a LONG REACH CA BRONFMAN FAMILY CA RE COMPLETE** * * MANDERLEY CURESLA CA R 1 3 3 EAN LTD NA RE 3 0 . 0 COMPLETE** * * MARKET PLACE DENVER CO ME PC LTD UK RE COMPLETE**** MARSHALL*? P L. £ 2 A ATLANTA GA NORO GROUP OF COMPANIES NL RE COMPLETE**★* MIDNIGHT C3VE II SIESTA KEY FL LEND LEASE CORPORATION* LTD AS RE COMPLETE

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F OREI GN D I REC T I NVESTMENT IN T H E UVI TED S T A T E S 1 9*2

S I C US FIRM NAME LO C AT I ON

**** M I S C . PROPERTY LOS ANGELES CA**** MONTGOMERY CLUB ORLANDO FL**** M UL T I USE P R O J E C T CHICAGO I L** * * MULT 1 USE ?*R 0 JE CT BALTIMORE MD**** MU LT 3- US E P R O J E C T STAMFORD CT**** NEWMARKET B U S I N ES S PARK A T LANT A GA**** NORTH COUNTY FAIR ESCONDIDO CA** * * NORT HRIDGE F A SH I ON CENTER LOS ANGELES CA**** NORTHVIEW C EN T ER DALLAS TX**** NORTHVI EV P R O J E C T DENVER CO**** OAK PARK PROPERTY VENTURA CA** * * OAKLAND A IR* PARK OAKLAND CA**** O F F I C E P R O J E CT CHICAGO I L**** O F F I C E BLD T PARSIPPANY NJ**** O F F I C E BLD3 NEW YORK NY*# * * O F F I C E BLDG l a k e l a n d FL**** O F F I C E BL D T PHOENIX AZ**** O F F I C E BLDS NEW YORK NY**** O F F I C E BLDG PHOENIX AZ** * * O F F I C E BLD3T SAN DIEGO CA♦*** O F F I C E BLDS SAN DIEGO CA♦*** O F F I C E BLOT DALLAS TX**** O F F I C E BLD3 TARRYTOWN NY**** O F F I C E BLD* HOUSTON TX**** O F F I C E BLOT PHOENIX AZ** ** O F F I C E BLD3T PHOENI X AZ**** O F F I C E BLD3' TULSA OK**** O F F I C E b l d s - MONTVALE NJ** ** O F F I C E B LO T HOUSTON TX**** O F F I C E BLDG PI SCATAWAY NJ**** O F F I C E B U I L D I N G DENVER CO**** O F F I C E PARK DENVER CO** * * O F F I C E PARK DENVER CO**** O F F I C E PARK DENVER CO**** O F F I C E PARK DENVER CO*** * O F F I C E P R O J E C T LOS ANGELES CA**♦* O F F I C E P R O J E C T**** O F F I C E P R O J E C T TAMPA FL**** O F F I C E P R O J E C T SAN F RANCISCOCA**** O F F I C E P R O J E C T PORTLAND OR**** O F F I C E P R O J E C T S E A T T L E WA**** O F F I C E P R O J E C T PHOENIX AZ**** O F F I C E P R O J E C T DALLAS TX**** O F F I C E PROJEC T E N CI N* CA**** O F F I C E P R O J E C T HOUSTON TX** * * O F F I C E P R O J E C T HOUSTON TX

FOREIGN INVESTOR NAT T YPE VALUE S T A T U S

MARUKO S H 3 J I JA RE . 6 COMPLETEBONAIRE IS RE COMPLETEOXFORD DEVELOPMENT GROUP CA RF PENDINGC A D I L L A C - F A I R V I E W « LTD CA RE COMPLETET R I Z E C CORP. CA RE 2 0 0 . 0 c o m p l e t eLA IMG PROPERTIES PLC UK RE COMPLETEBRCNFMAN f a m i l y CA RE 4 0 . 0 COMPLETEAM ERI CAN PRCPERTT TRUST UK RE 6 0 . 0 COMPLETELAKEVIEW PROPERTI ES LTD CA RE COMPLETECAPMA D E VE L C Pi RS t LTD CA RE COMPLETEBELZBERG " AIRILY CA RE COMPLETESHUWA INVESTMENT GROUP J A RE 6 . 0 COMPLETEC A D I L L A C - F A I P V I E W * LTD CA RE PENDINGN AT IONAL COAL BOARD PENSIONS UK RE COMPLETESUMITOMO CORP. J A RE BO. 0 COMPLETEGOLD & MERT* GMBH CA RE 1 2 . 3 COMPLETEMARTENS DEVELOPMENT CA RE COMPLETESUMITOMO CCRP JA RE COMPLETELAKEVIEW PROPERTI ES CA RE 5 0 . 0 COMPLETESE6 AUST RI A AU r e PENDINGLEHNDORFF GROJP GE RE COMPLETEHE AOWAY MANAGEMENT CORP. CA RE COMPLETEC H R I S T I A N REALTY NO RE 1 R .0 COMPLETEHAT GROUP UK RE 2 7 . 0 COMPLETESEG A U S T R I A AU RE COMPLETEVENTURE PROPERTIES CA RE PENDINGZEN I T AKA JA RE 6 . 7 COMPLETEN A T IONAL COAL BOARD PENSIONS UK RE COMPLETEU N I D E N T I F I E D HK RE COMPLETENAT IO NA L COAL 30ARD PENSIONS UK RE COMPLETEVENTURE PROPERTI ES CA RE COMPLETECARMA DEVELOPERS# LTD CA RE COMPLETECARMA DEVELOPERS* LTD CA RE COMPLETEME PCt LTD UK RE 4 6 . 5 COMPLETECARMA DEVELOPERS* LTD CA RE COMPLETEM I T S U I REAL ESTATE DEVELOPMENT JA RE 1 0 0 . 0 COMPLETEDM CONSULTANTS CA RE COMPLETEDM CONSULTANTS* LTD CA RE COMPLETEUN I D E N T I F I E D HK RE 1 1 . 0 COMPLETEM I T S U B I S H I FST ATE CO* LTD JA RE 8 0 . 0 COMPLETEDA ON CORP C A RE PENDINGLAKEVIEW P R O P E R T I E D LT D CA RE COMPLETETR ILAND COMMERCIAL CA RE COMPLETEF U J I T A CORP J A RE COMPLETEg r f *t w e s t l i f e a s s u r a n c e CA RE COMPLETEGRE*T WEST L I c r ASSURANCE CA RE 4 2 . 0 COMPLETE

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real estateSUMMARY REPORT

FOREIGN DIRECT INVESTMENT IN THE LIMITED STATES I 9*2

SIC US FIRM NAME LOCATION FOREIGN INVESTOR NAT T¥PE VALUE STATUS

** * * OFFICE PROJECT PHOEN IX AZ AYRSHIRE CA RE COMPLETE** * * OFFICE PROJECT PHOENIX AZ OXFORD GROUP* LTD UK RF 5 i . O COMPLETE**** OFFICE PROJECT HOUSTON TX CHEKIANG FIRST BANK LTD HK HE PENDING** * * OFFICE SITE WASHINGTON DC VIKING GROUP UK RE 3 0 . 0 COMPLETE*★ * * OFFICE TOWER HOUSTON TX ME PC LTD UK RE COMPLETE•kit it * OLD MINT PLACE DENVER CO COKPCO HOLDIM33 LTD ET AL UK HE COMPLETE** * * OLYMPIA CENTER CHICAGO IL OLYMPIA $ YG'RK* LTD CA RE COMPLETE** *■ * ONE COLUMBJS PLAZA PHOENIX AZ LAKEVIEW PROPERTIES* LTD CA RE 2 4 . 0 COMPLETE** ** ONE EXCHANGE PLAZA NEW YORK NY UN IOENTIFIED RE COMPLETE** * * ONE LOGAN SQUARE PHILADELPHIA PA FOUR SEASONS HOTELS LTD CA RE COMPLETE*★* * PACIFIC GATEWAY CENTER LOS ANGELES CA CA OILLAC-FAIRVIE^t LTD C A RF COMPLETE** * * PALM DESERT TOWN CENTER MONTEREY CA BR OflFM AN FAMILY CA RE COMPLETE** * ★ PANASONIC BUILDING IRVING TX UN IDENTIFIED SZ RE 4 . 0 COMPLETE** * ★ PARAGON CENTER FT* LAUDERDALFL PIfvES* DR. RICARDO VE RE 1 5 . 0 COMPLETE** * * PARKVIEW CENTER D ALLA S TX LA KEWIEW PROPERTIES * LTD C A RE COMPLETEHit** PE ACHTREE BULKE CENTER A TLANTA GA UNIOENTIFIED GE RE COMPLETE**** PINES PLAZA SHOPPING CENTER PALM BEACH FL DELTANA N.V* N A RE 4 . 0 COMPLETE*** * PLAZA WEST ATLANTA GA GOLD BUILDING M.V. NA RE 5 . 4 COMPLETE** * * POINT 100 ORLANDO FL ABDOL L. JUNED SA RE COMPLETE** * * RESIDENTIAL PROJECT ALAMEDA CA SHUiA CO* LTD JA RE COMPLETE** * * RESIDENTIAL PROJECT BAKERSFIELD CA SEG AUSTRIA AU HE COMPLETE** * * RESIDENTIAL PROJECT PHOENIX AZ MARTENS DEVELDPMRNT CA RE COMPLETE** * * RESIDENTIAL PROJECT COLUMBIA MD A 0 KI CONSTRUCTION CO. LTD JA RE COMPLETE*★ * * RESIDENTIAL PROJECT BALTIMORE MO SHELTER CORP. CA IE COMPLETE★★ ★* RESIDENTIAL PROJECT GERMANTOWN MD A 0 KI CONSTRUCTION CO. LTD JA RE COMPLETE**** RESIDENTIAL PROJECT D ALLA S TX TRILAND COMMERCIAL LTD CA RE COMPLETE** * * RESIDENTIAL P ROJECT BALTIMORE MD SHELTER CORPORATION CA RE COMPLETE** ** RESIDENTIAL PROJECT PHOENIX AZ MARTENS DEVELOPMENT CA RE COMPLETE** * * RESIDENTIAL PROJECT S AITHERSBERG MD A0 KI CONST RUCTION CO. LTD JA RE COMPLETE** * * REUNION CENTER BUILDING TULSA OK ZENITAKA CORP JA RE COMPLETE** * * REYNARD ARMS SAN DIEGO CA THE HAGUE LTD NA RE 1 . 8 COMPLETE* * * * RICHLAND FASHION MALL WACO TX UN IOENTIFIED UK HE 3 7 . 0 COMPLETE*★ ★ ★ RI VERVIEW PLAZA CHICAGO TL SLCUGH ESTATES* LTD UK RE COMPLETE** * * ROBERTS LANDING SEMINOLE FL ZOM NL RE COMPLETE** * * ROSENZWEIG CENTER PHOENIX AZ LEHWDORFF GROUP GE RE 63 . 0 COMPLETE*** * ROSWELL VILLAGE A TL AN T A GA NO RO GROUP O' COMPANIES NL RE COMPLETE** ** S. EAST 59TH STREET NEW YORK NY HONG KONG & SHANGHAI BANKING CORP. HK RE COMPLETE** * * SA* DIEGO FEDERAL BLDG S AN DIEGO CA KG WA REAL ESTATE CO. LTD JA RE 5 0 . 0 COMPLETE** * * SANTA FE SPRINGS PLAZA SANTA FE SPRICA TRIZEC CORP. CA RE 1 5 . 0 complete** * ★ SANTA ROSA PLAZA SANTA ROSA CA TRIZEC COR P . CA RF 5 2 . 0 COMPLETE** * * SC GTCT SDALE CORPORATE CENTER SCOTTSDALE AZ N.H. CLAUSEN HOLDINGS CA RE . 6 COMPLETE*★ ** SC CTiTSDAL E RANCH SCOTTSDALE AZ MARKSOROUGH PROPERTIES* LTD/COSTAIN CA RE 4 0 0 . 0 COMPLETE**** SECOND STA3 E THEATER SEATTLE W A CADILLAC-FAIRVIEW* LTD CA RE 1 . 1 COMPLETE■kit it * SHOPPING CENTER LAS VEGAS NV ME PC LTD UK RE COMPLETE**** SHOPPING CENTER CHICAGO IL UN IDE NT IF I ED SZ RE COMPLETE** * * SHOPPING CENTER BOYNTON FL NL RE COMPLETE

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SIC US FIRM NAME LOCATION

**** SHOPPING CENTER ROCHESTER MN*** * SHOPPING CENTER LA**** SHOPPING CENTER PROJECT ALBUQUERQUE NM**** SOLAR BUILDING WASHINGTON DC** * * SOUTH PLAINS MALL LUBBOCK TX♦*** ST* *JAMES TOWER NEW YORK NY**** STATC COLLEGE BUSINESS PARK SAN Bf RNARDINCA**** STIR LINGWOD D CONDOMINIUM MIAMI FL+ * * * SUNRISE BAY CENTER FT* LAUDERDALFL* * * * TEXAS FEDERAL BUILHINC DALLAS TX**** TEXAS PLAZ* DALLAS TX**** TEXAS TO WER HOUSTON TX*** * THE COLONNADE DALLAS TX** * * THE “MEDICAL CTNTFR PROJECT HOUSTON TX**** THE SEARS 3LDG ORLANDO FL** ** THE SQUARE AT KEY RISCAYNE KEY BISCAYME FL**** THE WATERWAYS MIAMI fl**** TIMBERNECK & TRE COLUMBIA MD** * * TOyER 56 NEW YORK NY** * It TOWNCITY PLAZA HOUSTON TX**** TRADERS BA^K BLDG KANSAS CITY MQ** * * TREGARON PROPERTY WASHINGTON DC*★** TRINITY PLACE DENVER CO** ** TWO FROST TOWER SAN ANTONIO TX**** U* N* MISSION BUILDING NEW YORK NY**** UNITED BAN< »LA7A PHOENIY AZ

UMIVERSITY PLAZA DALLAS TX*** * UNIVERSITY ST ATAN BLOCK PORTL AND OR**** V*W. DISTRIBUTION CENTER CARROLLTON TX** * * VALLEY PLAZA BAKERSFIELD CA★*** VALLEY RANCH DALLAS TX*** * VALLEY RANCH PROJECT DALLAS FT WORT***** VILLAGE P A3 K STOWE VT** * * VILLAGES CM THE PARK KING COUNTY WA*** * WAREHOUSE HOUSTON TX** * ★ WAREHOUSE KANSAS CITY MO**** WATERIQGE SAN DIEGO CA**** WATERMARK D ANIA fl** * * WELLS FARG3 BUILDING SAN FRANCISCOCA*** * WESTEORK DOIJGLFS GA

WILLIAMSBURG VILLAGE APTS ATLANTA GA** * * WINDWQOO BOCA RATON FL**** WORLD SAVINGS CENTER BRENTWOOD CA

FOREIGN INVESTOR NAT T YP E VALUE S TA T US

ME PC* LTD UK RE COMPLETESCHRODER REAL E ST AT E CORP. UK RE COMPLETET R I Z E C CORP CA RE COMPLETESARZ PROPERTIES N. V* NA RE COMPLETEUN IDE NT ID I ED GE RE 4 2 . 0 COMPLETEAMERICAN C I T Y CONSTRUCTION CORP UK RE COMPLETECAMPEAU CORP CA RE 1 0 0 . 0 COMPLETEHAVORABI N*V* NA RE . 6 COMPLETE

CA RE 4 . 8 COMPLETEUCCELLO I M M 0 8 I L I E N GE RE 5 . 0 COMPLETEME PC t LTD UK RE 1 5 0 . 0 COMPLETECHEKIANG F I R S T BANK* LT D HK RE COMPLETEME PC * LTD UK RE 100*0 COMPLETEc o m . A I M CORP* CA RE COMPLETEABDUL L* JAMEEL SA RE COMPLETEMALVOLIO H *¥* NA RE 5 . 3 COMPLETEC O S T A I N GROUP » LC UK RE COMPLETEC O ST AI N L T D CA RE COMPLETEHOWARD RANSON UK RE COMPLETEUN I D E N T I F I E D KK RE COHPLETEUN I D E N T I F I ED GE RE 5 . 9 COMPLETEFIS ENBERG* SHAUL N* I S RE COMPLETEE L E C T R I C I T Y COUNCIL PENSI ON FUND UK RE 33*0 COMPLETEC A D I L L A C - F A I R V I E t t CA RE PENDI NGL I R Y A * GOVERNMENT OF LY RE 2 0 . 6 COMPLETEOX FORD DEV E L 0 3 MEVT GROUP CA RE COMPLETELAKEVI EW PRC'°ERTIES LTD CA RE COMPLETEER IDANUS GE RE 3 . 1 COMPLETEU N I T E D S T A T E S PROPERTY T RUST UK RE COMPLETESCHRODER REAL ES TA T E CORP* UK RE COMPLETEBLOCK BROSt I NDU ST RI ES ET AL CA RE 7 1 . 5 COMPLETET R I L AN D CORP* CA RE COMPLETEGAMEROFF* MARVIN CA RE PENDI NGDA ON CORP* CA RE COMPLETESUMITOMO CORP. J A RE COMPLETESUMITOMO CORP. JA RE COMPLETEGREAT WEST L I F E ASSURANCE CO. CA RE COMPLETELEND LEASE CORPORATION* L T D AS RE COMPLETELE HNDORFF GROU* GE RE 1 7 1 . 0 COMPLETEHOOKER CORP. LTD AS RE 1 . 0 COMPLETEADULA INVESTMENTS* N . V . E T AL NA RE COMPLETETRCZER* KEMSLEY £ MILLBORN L T D . UK RE COMPLETEOLYMPIA & YGR<* LTD CA RE 8 0 . 0 COMPLETE

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 75: Fordirinv Comm 1982

APPENDIX B

DESCRIPTION OF KEY TERMS

Acquisition — a transaction in which title to stock or assets of the U.S. target is secured by another person or enterprise. The substantive result is that one party obtains ownership of another.

Agencies — foreign financial intermediaries operating in the United States primarily financing international transactions, but prohibited from accepting domestic deposits.

Branches — foreign financial intermediaries (integral parts of the foreign parent banks) which can accept domestic deposits.

Development — realty investments that involve construction (as opposed to purchase.)

Equity Increase — a rise in the percentage of equity securities held, or an equivalent increase in percentage ownership, by a foreign investor.

Foreign Direct Investment — the direct or indirect ownership by a foreign entity of 10 percent or more of the voting securities of an incorporated business enterprise, or an equivalent interest in an unincorporated business enterprise, and a 10 percent or more interest in real property.

Joint Venture — a transaction in which two or more parties establish a new corporation to which each contributes according to the provisions of the joint venture agreement.

Merger — a transaction which results in the dissolution of the acquired business enterprise, into either another already existing or into a reorganized (but not always renamed) company.

New Plant — a new operating facility, established either in conjunction with an existing foreign-owned productive enterprise or as a completely new venture.

Plant Expansion — an addition to the capacity of an existing foreign-owned operating facility.

Purchases — used herein to describe realty transactions, specifically the acquisition of real property.

Standard Industrial Classification (SIC) — categorizes U.S. industries in a numerical classification series, in accordance with the composition and structure of the domestic economy.

Subsidiaries — separate legal entities either owned or controlled by foreign investors but permitted to do business in the United States under state and/or federal authority.

Transaction Value — the reported total cost of the investment, or the estimated proportion of the investment if a joint venture, regardless of the source or timing of funds.

7 2

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis