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| D. SEARGENT, H. GRIESBERG | Editorial | 1-2 |
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| Allen J. HYNEK | Editorial | 2 |
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| G. STEVENS | On the strange case of Dr. "X" | 3-4 |
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| Keith BASTERFIELD | The Brock Lighthouse pictures - a hoax revealed | 4-5 |
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| David SEARGENT | Of Crazy Correlations & Useless Information | 5-6 |
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| Keith BASTERFIELD | A Summary of Australian Close Encounters reported during 1977 | 6-8 |
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| Harry GRIESBERG | Some thoughts on UFOs from behind the Iron Eurtain | 8-10 |
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| K. ROBERTS | UFO Sighting Value System | 10-11 |
| Keith BASTERFIELD | Comments re the UFO Sighting Value System | 11-12 |
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| | Citizen's Radio and UFO reports | 12 |
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| | U.S. Radar Visual case of interest | 12 |
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| | U.F.O. Reports from around Australia | 13-14 |