Page-1 of the 4-page Newsletter titled THE INFORMANT which Beacon mailed to all customers. This issue has predictions for the 1977 year so it was most likely mailed in early 1977 or late 1976. Subjects include information about; Japan, South Korea, Taiwan, America, Europe, Takagi Cranks & Chainwheels, Shimano, duty rates on imported items, shrinkage, Beacon Associates, Inc. and more.