Comments by directors If there are no comments in any section, state NIL. If there is insufficient space to comment, attach notes to this report. Basis of accounts preparation This report is a general purpose financial report prepared in accordance with the listing rules and AASB 1029: Half-Year Accounts and Consolidated Accounts. It should be read in conjunction with the last annual report and any announcements to the market made by the entity during the period. Material factors affecting the revenues and expenses of the economic entity for the current period See attached media release A description of each event since the end of the current period which has had a material effect and is not related to matters already reported, with financial effect quantified (if possible). See attached media release Franking credits available and prospects for paying fully or partly franked dividends for at least the next year The 1999 interim dividend will be fully franked as will any 1999 final dividend. Changes in accounting policies since the last annual report are disclosed as follows. Nil
Compliance statement
1	This report has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX.

2	This report, and the financial statements prepared under the Corporations Law (if separate), use the same accounting policies.
3	This report does give a true and fair view of the matters disclosed.
4	This report is based on financial statements which have been subject to review.
5	There are no qualifications in the audit report.
6	The entity has a formally constituted audit committee.

Company Secretary Stephen John Wright 2 February 1999

98/99 Half Yearly Results:: Comments by directors

Comments by directors If there are no comments in any section, state NIL. If there is insufficient space to comment, attach notes to this report. Basis of accounts preparation This report is a general purpose financial report prepared in accordance with the listing rules and AASB 1029: Half-Year Accounts and Consolidated Accounts. It should be read in conjunction with the last annual report and any announcements to the market made by the entity during the period. Material factors affecting the revenues and expenses of the economic entity for the current period See attached media release A description of each event since the end of the current period which has had a material effect and is not related to matters already reported, with financial effect quantified (if possible). See attached media release Franking credits available and prospects for paying fully or partly franked dividends for at least the next year The 1999 interim dividend will be fully franked as will any 1999 final dividend. Changes in accounting policies since the last annual report are disclosed as follows. Nil
Compliance statement
1	This report has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX.

2	This report, and the financial statements prepared under the Corporations Law (if separate), use the same accounting policies.
3	This report does give a true and fair view of the matters disclosed.
4	This report is based on financial statements which have been subject to review.
5	There are no qualifications in the audit report.
6	The entity has a formally constituted audit committee.

Company Secretary Stephen John Wright 2 February 1999