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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _______)*
Microtel International, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
59514K209
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item I; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendments containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to "filed" for the purpose of Section 18 of the Securities Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act (however, see the Notes).
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CUSIP NO. 59514K209 13G PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AIB Govett Asset Management Limited (formerly known as John Govett & Co.
Limited) 94-3237741
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United Kingdom
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SOLE VOTING POWER
5
NUMBER OF 925,000 (7.10%)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 925,000 (7.10%)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
NIL
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
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TYPE OF REPORTING PERSON*
12
IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
2
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ITEM 1.
(a) Name of Issuer
Microtel International, Inc.
(b) Address of Issuer's Principal Executive Offices
4290 East Brickell Street
Ontario, CA 91761
ITEM 2.
(a) Name of Person Filing
AIB Govett Asset Management Limited (formerly known as John Govett & Co.
Limited)
(b) Address of Principal Business Office
Shackleton House
4 Battle Bridge Lane
London, England SE1 2HR
(c) Citizenship
United Kingdom
(d) Title of Class of Securities
Private limited company
(e) CUSIP Number
N/A
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A :
(f) [x] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned
Nil
(b) Percent of Class
Nil
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
925,000 common shares
(ii) shared power to vote or to direct the vote
N/A
3
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(iii) sole power to dispose or to direct the disposition of
925,000 common shares
(iv) shared power to dispose or to direct the disposition of
N/A
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH AQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
N/A
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participation in any transaction having
such purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 13, 1998
/s/ Brian M. Lee
__________________________
Brian M. Lee
Director
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