MINUTES of a meeting of the directors held on ^date12 at ^CL_HAddr1, ^CL_HSuburb, ^CL_HPostCode, ^CL_HState

PRESENT:                               ^LN_DIR1, ^LN_DIR2 and ^ln_dir3

ELECTION OF                       ^LN_DIR1 was elected as Chairman of the meeting                            MEETING.
                     
MINUTES OF PREVIOUS      The minutes of the previous meeting were read and confirmed
MEETING:   
                              
CONTRIBUTIONS RECEIVED: It was note that John W Hamilton withdrew $220,000 from his
				      pension and place in Thana Hamilton non-concessional account,
				      he also withdrew $220,000 and place in Ian Mark Hamilton non 
				      concessional account and also withdrew $220,000 and placed in 
				      Alan Evan Hamilton non concessional account to reduce his 
				      accumulation account balance. 
                    			      
REVIEW OF INVESTMENT        	It was resolved that the fund’s existing investment
STRATEGY:	strategy has been reviewed by the trustee who, after considering:

					(i)	the risk involved in making, holding, realizing and
						the likely return from, the fund’s investments having 
						regard to its objectives and its expressed cash flow 
						requirements
	
 (ii)	the composition of the fund’s investments as a whole
	including the extent to which the investments are diverse
	or involve the funds being exposed to risks from inadequate
					       	diversification.

(iii)	the liquidity of the fund’s investments having regard to its
	expected cash requirements,

and

					 (iv) 	the ability of the fund to discharge its existing and 
						prospective liabilities, is satisfied that the said 
						investment strategy requires no further modification
						or adaption at this time.

TRUSTEE STATUS:                       	Each of the trustees confirmed that they are qualified to act as
					trustees of the fund and that they are not disqualified persons as 
                                                            defined by Section 121 of the SIS Act.
 
AUDITORS: 				It was resolved that 
					Anthony Boys
                                                            Of 
                                                            Super Audits
					GPO Box 3376
					Rundle Mall, SA, 5000
					Act as auditors of the fund for the this financial year.

NALI & NALE:   			It was decided my the directors that as a result onslaught by the 
					ATO that the fund would pay Hamilton Accounting Services $100
					 per year for the use of the Software package to prepare the tax 
					 return and the financial statement for the fund.

CLOSURE:				There being no further business the meeting was closed.

         					………………………..
					^LN_DIR1
					Chairman