Document:

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                                                                   Exhibit 10(e)

                                                                  Serial Number:

                                 Labour Contract

EMPLOYER (PARTY A): _______________________________________

EMPLOYEE (PARTY B): ______________________________________

                   Printed by Liaoning Province Labour Bureau
                                 1 JANUARY 1995

Party A (Employer)         Name: __________________________________
                                       Address: ________________________________

Party B (Employee)         Name: __________________________________
                                     Date of Birth: ____________________________
                                     Address: __________________________________
                                     Identity Number: __________________________

Based on "The Labour Law of The People's Republic of China" and upon amicable
discussion, both parties hereby voluntarily confirm and agree to perform this
labor contract in accordance with the following terms and conditions:

1. PERIOD OF CONTRACT
(1)   Permanent Period: The term of this contract is     year (month), from
   ___________ day _______month ________ year to __________ day _________ month
   _________ year. In which, contains a probation period of __________ month.

(2) Variable Period: From _________ day __________ month _______ year, the
   conditions for termination of contract should be as follows:

2. THE JOB DUTIES AND WORKING HOURS

(1) Party A hereby assigns Party B as ______________________________
 ____________________________________________. Under normal circumstances,
Party B shall complete the following duties:

(2)  The working hours of Party B shall be in accordance with the "Labor
     Law".

3. LABOUR PROTECTION AND CONDITION

In order to guarantee the health, life safety and smooth completion of
production (work) task of Party B, and in accordance with the rules and standard
of safety and hygiene set by the government; Party A shall

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provide a work site that meets the safety and hygienic standard. At the same
time, Party A shall also provide work protection facilities and work protection
equipment.

4. REMUNERATION

During the term of contract, Party A shall pay salary to Party B according to
the labor contract. Details shall be as follows:

(1) Allotment and standard;
(2) Payment method: Party A shall pay monthly salary to Party B in the form of
currency.
(3) Time of salary payment: The salary shall be paid on the ___________ day of
every month.
Under the circumstances of Party A deducting or delaying Party B's salary
payment without reasonable reason, the provisions on "The Compensation for
Violating and Terminating Labor Contract" shall be referred to.

5. THE LABOR DISCIPLINE

Party B shall foster a sense of responsibility, strictly follow the state's
rules and regulations. Party B shall abide the set of rules, regulations and
laboring discipline procedures set by Party A. Party B shall also obey the
guidance, management and training of Party A.

6. THE AMENDMENTS, RENEWAL, TERMINATION AND DISSOLUTION OF THE LABOR CONTRACT

(1)  Under the following circumstances, both Party A and Party B could alter the
     contents of this contract:

     a.   When Party A replace the current type of production with another type
          of production or when Party A re-structure the production.
     b.   Both parties shall negotiate according and shall not damage the
          state's or individual's benefit.
     c.   The law, rules and policy have been altered or abolished when this
          contract set up.
     d.   Others:

(2)  When the labor contract is due and when due to reasons of production or job
     requirement by Party A, or upon application by Party B, it could be renewed
     upon agreement by both parties.

(3)  The conditions for terminating the labor contract: When the period of the
     contract ended, the contract is deemed terminated. If the labor contract is
     not renewed when it is terminated, it will be deemed as illegal employment.
     The consequence will be responsible by Party A.

(4)  The dissolution of labor contract.

     Party A shall dissolute the labor contract or lay off staff according to
     the "Labor Law". Party B could also dissolute labor contract according to
     the "Labor Law".

7. LABOR INSURANCE AND WELFARE
Party B shall follow the rules and regulation stipulated by the state, province
and city for the labor insurance and welfare.

8. OTHER TERMS THAT HAVE BEEN AGREED BY BOTH PARTIES:

9. THE RESPONSIBILITY OF VIOLATION OF CONTRACT
Under the circumstances when either party violated this labor contract, and
brought economic damages for the opposite party, the party shall compensate in
accordance with the seriousness of the aftermath and the responsibilities.

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Party A shall dissolute contract or lay off staff in accordance with
"Compensation for Violation and Dissolution of Labor Contract" and Party A shall
compensate Party B accordingly.

In case Party B violated and terminate this labor contract, the economic losses
therefrom of Party A will be compensated by Party B.

10. THE SETTLEMENT OF DISPUTE

If disputes occur while executing this contract, Party A and Party B shall
settle through negotiation. If mutual agreement can not be reached, both parties
shall forward to Mediation Committee of the company for mediation. However, if
mediation fails, the party concerns may proceed to apply for arbitration through
the labor dispute and arbitration body. The party could also proceed to
arbitration bureau and apply for arbitration directly. However, if the party
dissatisfy with the arbitration judgement, he could proceed with the case
through the judicial court.

11. THERE ARE TWO SETS OF ORIGINAL CONTRACT (PARTY A AND B EACH HOLDS A SET).

------------------------------------------------------------
Party A (stamped)                                  Party B (signed and stamped)

Date:                                              Date:
-------------------------------------------------------------
Upon the inspection of Labor Arbitration Department, this contract is in
conformity with the related laws, regulations and labor policies of the People's
Republic of China. We hereby authorize.

Appraised and confirmed by: (stamped)       Appraiser (signed and stamped)

Day     Month    Year
------------------------------------------------------------

                                   Termination/Dissolution of Labor Contract
                          Notice

Comrade

         has terminate/dissolute this labor contract on _______ year____
month_____day and he/she has worked for _________ year/years, his/her monthly
salary was RMB ____________ and he/she has received RMB _____________ for
subsidy/compensation scheme.

                               Party A (sign and stamp):

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                                                                   Exhibit 10(f)

            THE PEOPLE'S INSURANCE (PROPERTY) COMPANY OF CHINA, LTD.
        Add: 69 Dongheyan Street, Xuanwumen Street, Beijing, China 100052
                              Tel/Fax: 010-63033589
COMPREHENSIVE POLICY OF PROPERTY INSURANCE (ORIGINAL)      POLICY NO.0001714

Whereas Shenyang Haitong Real Estate Development Co., Ltd (hereinafter referred
to as 'the insured') has covered comprehensive insurance of property and
additional insurance _____________, and the insurance premium has been paid in
accordance with the insurance clause, we hereby issue the insurance policy and
agree to take the responsibility of the following insured properties in
accordance with clause of comprehensive insurance & clause of additional
insurance and other agreed terms.

<TABLE>
<CAPTION>
------- ----------------------- ----------------- ----------------------- ---------- --------------------
             Insured Item        Insured Value    Insured Amount (yuan)   Rate (0/00)   Insurance premium
<S>     <C>                     <C>               <C>                     <C>        <C>
------- ----------------------- ----------------- ----------------------- ---------- --------------------
         A, Huayang Mansion     Appraised Value   400,000,000             2          800,000.00 (yuan)
  Comprehensive
  Insurance
------- ----------------------- ----------------- ----------------------- ---------- --------------------

------- ----------------------- ----------------- ----------------------- ---------- --------------------

------- ----------------------- ----------------- ----------------------- ---------- --------------------

------- ----------------------- ----------------- ----------------------- ---------- --------------------

------- ------------ ---------- ----------------- ----------------------- ---------- --------------------
        Specific
        object to
        be
        Insured
------- ------------ ---------- ----------------- ----------------------- ---------- --------------------

------- ------------ ---------- ----------------- ----------------------- ---------- --------------------

------- ------------ ---------- ----------------- ----------------------- ---------- --------------------
Total Insurance Amount : (In word) FOUR HUNDRED MILLION RENMINBI YUAN
                     (In Arabic figure) 400,000,000.00

-------------- ---------------- ----------------- ----------------------- ---------- --------------------
Additional
Insurance
-------------- ---------------- ----------------- ----------------------- ---------- --------------------

-------------- ---------------- ----------------- ----------------------- ---------- --------------------

-------------- ---------------- ----------------- ----------------------- ---------- --------------------

-------------- ---------------- ----------------- ----------------------- ---------- --------------------
Total Insurance Premium: (in word) EITHT HUNDRED THOUSAND RENMINBI YUAN
                     (in Arabic figure) 800,000.00
Special statement: No damage will be paid if the agreed premium is not paid when
the insured accident happens.
---------------------------------------------------------------------------------------------------------
Insurance Period: from zero hour January 1, 1998 to twenty-four hour January 1, 1999
---------------------------------------------------------------------------------------------------------
Special agreed term: If goods and materials are stored in the shelves or platforms less than 30cm, any
damage or
                 loss caused by storm or flood will not paid.
---------------------------------------------------------------------------------------------------------
Address of the insured: 386 Qingnian Street, Heping District, Shenyang
Tel: 024-3841118

Post Code:                           The People's Insurance (Property) Company of China, Ltd. (seal)
                                    (specific Seal for Insurance Division of Three-form Foreign
                                    Investment Company
                                    The People's Insurance (Property) Company of China, Ltd.
                                    Shenyang Branch)

Business:
-------------------------------------------------------------------------------------------------
</TABLE>

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--------------------------------------------------------------------------------
Form of ownership:
Occupation and use:
Location of the property: same as the above              Date: January 1, 1998
Number of address: one
               Wang Yunfen
--------------------------------------------------------------------------------
(Assistant) Manager:       Accountant:        Checked by:         Prepared by:

On receipt of the insurance policy, careful checking is suggested to ensure no
mistake and wrong spelling. If any mistake is found, please notice us
immediately.

                                       Party B (sign and stamp):

                                                             Date:

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