The New Hebrides Bank—Commercial Pacific Trust Co. (COMPAC) is established February 17, 1974.
Member banks include CBA, Europacific Finance Corporation, Trustee Executors and Agency Co., Fuji Bank, Toronto Dominion Bank, European Asian Bank and United California Bank.
In an alleged February 26, 1974 meeting, Michael Hand meets Bob Jones to implement plans for CIA spying operations on France, Chile, West Germany and Israel.
Jones allegedly uses Brierley/Jones to purchase a building at Willeston Street which is to be rented to France and Chile; and another at Plimmer Steps to be rented to West Germany and Israel.
The CIA is allegedly to set up eavesdropping systems inside the Willeston Street building and another at 163 The Terrace, both linked with equipment installed in the Plimmer Steps building and run by four CIA technicians.
In April, 1974, New Zealand Finance Minister Wallace Edward Rowling appoints Ron Trotter to the Overseas Investment Commission, whose chairman.
G. Lau, is also a member of the Todd Foundation (Shell/BP/Todd) investment board.
The British crown appoints intelligence veteran John Robert Kerr as governor general of Australia in 1974.
National party conservative Robert David Muldoon leads the opposition in New Zealand’s parliament.
Whitlam refuses to waive restrictions on overseas borrowing to finance the Alwest Aluminum Corporation owned by Rupert Murdoch, BFP and R. J. Reynolds.
Kirk begins preparation of the Petroleum Amendment Bill to give New Zealand more control over its oil resources.
Kirk has evidently discovered the secret information about the oil resources of the Great South Basin—oil reserves of at least 20 billion barrels and gas reserves estimated to be 30 times bigger than Kapuni.
Announcement of this vast new petroleum source—enough oil and gas to keep New Zealand self-sufficient for decades—would undoubtedly mean a decline in world oil prices.
As the North Sea operations are about to come on line, the world can certainly wait to exploit New Zealand’s reserves.
Kirk dies at age 51 on August 31, 1974.
Some sources attribute the cause of death to a secretly administered lethal dose of sodium morphate.
Rowling replaces him; his first act as prime minister is to withdraw Kirk’s Anti-Monopoly Bill and the Petroleum Amendment Bill.
Whitlam allegedly plans to ensure that all corporation operating in Australia are at least 50 percent Australian-owned, an act which would interfere with the putative Big Oil plan to construct three oil refineries at Cape Northumberland in South Australia to process the Great South Basin resources.
On October 6, 1974, the CIA and ASIA allegedly commence a joint bugging operation planned by William Colby and implemented by Ray Cline to oust Whitlam; the Nugan Hand Bank supposedly finances payoffs to Malcolm Fraser and other pro-US politicians while Rupert Murdoch supposedly uses his newspapers and television network to spread disinformation.
In December, 1974, Ray Cline allegedly funnels a payoff of US$200,000 to Australian Governor-General John Robert Kerr through his account number 767748 at the Singapore branch of the Nugan Hand Bank.
