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HYUNDAI excellence is not And ships. Hyundai Heavy Industries Co., Ltd. is one of the world's leading shipbuilders, in reputation and in fact. Located in the Mipo Bay at Ulsan, Hyundai Shipyard is a awling, 4.9 million sqaure meter complex. Dedicated en- gineers, skilled workers and a sophisticated computerized system realize the potential of the site. Good ships start in good shipyards — the best start in Hyundai's. AHYUNDAI HEAVY INDUSTRIES CO.. LTD. Seoul Office: 178, Sejongro, Jongro-ku, Seoul, Korea. Tel : 70-7711/20, Telex: K28361 Overseas Offices: • London (Tel: 01-235-1266) • New York (Tel: 212-775-1421) • Tokyo (Tel: 03-211-0851/7) • Stockhol (Tel: 08-151020) • Oslo (Tel: 02-415-086) • Hamburg (Tel:040-346819) • Paris (Tel: 538-6776) • Amsterdam (Tel: 020-22 • Casablanca (Tel: 27-53-01) • Nairobi (Telex: 22360 MOOGONG) • Lagos (Tel: 24054) • Kuwait (Tel: 611881) • TeH (Tel: 895675) • Bahrain (Tel: 54697) • Abu-Dhabi (Tel: 29740) • Riyadh (Tel: 64739) • Cairo (Tel: 704887) • Houston (Tel 713- 1192) • San Francisco (Tel: 415-956-4908/9) • Toronto (Tel: 416-923-7752) • Santiago (Tel: 723750) • Rio de Janeiro (286 • Caracas (Tel: 32,65.69) • Buenos Aires (Tel: 49-7824) • Hong Kong (Tel: 5-446493) • Singapore (Tel: 982460) • Sydney (Tel: 922 August 15, 1978 41