<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content="text/html; charset=iso-8859-1" = http-equiv=Content-Type> <META content="MSHTML 5.00.2614.3500" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT face=Arial size=2>To John and List</FONT></DIV> <DIV> </DIV> <DIV><FONT face=Arial size=2>Grey Market is a term that I am not = entirely familiar with here in New Zealand.  I have always assumed that it = applies to an item that bears the name of a certain manufacture, = but has actually been made (even under license) elsewhere and is often a lower = quality and cheaper item.  E.G. I have a Fender guitar, but it is not a = "genuine" USA model - it's made in Japan.  It does not quite have the = bite of a USA Fender and is around half to two thirds the price, but it = is a Fender nevertheless.  I would class the guitar as a grey = market model, but when I bought it, I was aware of this.  If an instrument bears = a name, but the quality falls well short of that name, then I would = consider the marketing of that item to be very grey = indeed. </FONT></DIV> <DIV><FONT face=Arial size=2></FONT> </DIV> <DIV><FONT face=Arial size=2>Perhaps other New Zealand techs are = able to enlighten us (or correct me) on this.</FONT> </DIV> <DIV> </DIV> <DIV><FONT face=Arial size=2>Brian Holden</FONT></DIV></BODY></HTML>