31.2.7 Securities Receipt Free Confirmation

SABR-4598, 25-JAN-1998,

Salomon Brothers Inc., Melbourne

# 45/2, Grand Strand, Australia.

Wall Street,

New York,

USA.

Sub: Confirmation of Securities Receipt, Free of Payment.

Kind Attention Mr. Paul Adams,

Settlements Officer,

Securities Department.

Dear Sir/Madam,

We hereby confirm that as per your instructions, we have received the following securities free of payment as per the details shown below:

Table 31-10 Header

Header	Details
Our Reference	T7658
Your Reference	000SSPT980070021
Securities Identification	ISIN AUDBONDWAG02
-	Western Australia Gold Mining Bonds
Trade Date	02-JAN-1998
Place of Trade	Sydney Stock Exchange
Delivery Date	15-JAN-1998
Next Coupon Due Date	31-JAN-1998
Securities Book Value	**1,500,000.00 AUD
Safekeeping Account (Deposited)	USSB7434 540
Securities Certificate Numbers	AE 10001 to AE 10015 15 x 100,000 AUD worth Bond Certificates
Deliverer of Securities	Elders Finance Group, Sydney
Securities Deliverer’s Reference	RYZ843
Beneficiary of Securities	Fidelity Trust Limited, New York
Securities Registration Details	Securities received have been registered in the name of the Fidelity Trust Limited, New York.
Securities Receipt Declaration Details	Certificate Numbers of Bonds have been delivered and match with the numbers mentioned in your instruction and the Certificates are in a good condition.

Other Information:

Please always quote Our Reference in all further correspondence regarding the above confirmation.

Thanking you,

For ANZ Banking Corporation Ltd.,

Australia.