TO: All news services, for immediate release

FROM: Williston Reed

As almost his first act on taking his position as Chairman of the Board of Associated Metallic Products, Ltd., Frederick Ramsbotham today issued a statement of policy regarding "interference by Confederation governmental officials" in what he termed the "private business of AMP."

Mr. Ramsbotham, whose recent election came as a surprise to many shareholders, has stated his intention of "remaining firm in continuance of present policies" regardless of what he described as "threats" from Confederation officials.

He states that his duty to shareholders of AMP must include protection of the private and profit-making enterprise being carried on at Fruyling's World, and that such private concerns are not "the business of public government."

As former Chairman of the Board, John Harrison was asked to comment on the position taken by Mr. Ramsbotham. Mr. Harrison stated that he disagreed with the particular stand taken by Mr. Ramsbotham in this matter, but sympathized with his strong feelings of duty toward the shareholders of the concern.

Confederation response was reported to be "immediate and strong" by sources high in the government, but as yet no final word has been received regarding what action, if any, is contemplated....


TO: Fredk. Ramsbotham