UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
CONSOLIDATED CIGAR HOLDINGS
(Name of Issuer)
Class A Common Shares
(Title of Class of Securities)
20902E106
(CUSIP Number)
November 13, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ x ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
issuer's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment 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 be "filed" for the purpose of Section 18 of the Securities Exchange
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)
CUSIP NO. 20902E106 13G Page 2 of 5 Pages
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Knight, Bain, Seath & Holbrook Capital Management Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated in the Province of Ontario, Canada
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:
5. SOLE VOTING POWER
71,500 Class A Common Shares
6. SHARED VOTING POWER
NIL
7. SOLE DISPOSITIVE POWER
71,500 Class A Common Shares
8. SHARE DISPOSITIVE POWER
NIL
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
71,500 Class A Common Shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
SHARES*
Not Applicable
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.68%
12. TYPE OF REPORTING PERSON*
IA
Schedule 13G
Item 1(a) Name of Issuer
CONSOLIDATED CIGAR HOLDINGS
Item 1(b) Address of Issuer's Principal Executive Offices
5900 North Andrews Avenue
Suite 700
Fort Lauderdale, Florida 33309
Item 2(a) Name of Person Filing
Knight, Bain, Seath & Holbrook Capital Management Inc.
Item 2(b) Address of Principal Business Office
1 Toronto Street
Suite 708
Toronto, Ontario
M5C 2V6
Item 2(c) Citizenship
Canada
Item 2(d) Title of Class of Securities
Class A Common Shares
Item 2(e) CUSIP Number
20902E106
Item 3 If this statement is filed pursuant to Rules 13d-1 (b) or 13d-2 (b),
check whether the person is filing is a:
(a) [ ] Broker or Dealer
(b) [ ] Bank
(c) [ ] Insurance Company
(d) [ ] Investment Company
(e) [ ] Investment Adviser
(f) [ ] Employee Benefit Plan, Pension Fund or
Endowment Fund
(g) [ ] Parent Holding Company
(h) [ ] Group
(i) [ x ] Filing under new rules as Passive Investor
Page 4 of 5 Pages
Item 4 Ownership
(a) Amount Beneficially Owned
71,500 Class A Common Shares
(b) Percent of Class
0.68%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
71,500 Class A Common Shares through Passive
Investor/Investment Adviser - Knight, Bain, Seath &
Holbrook Capital Management Inc.
(ii) shared power to vote or to direct the vote
Not Applicable
(iii) sole power to dispose or to direct the disposition of
71,500 Class A Common Shares through Passive
Investor/ Investment Adviser - Knight, Bain, Seath &
Holbrook Capital Management Inc.
(iv) shares power to dispose or to direct the disposition of
Not Applicable
Item 5 Ownership of 5% or Less of a Class
If this statement is being filed to report the fact as of the date hereof of
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [ x ].
Item 6 Ownership of More than 5% on Behalf of Another Person
Not Applicable.
Page 5 of 5 Pages
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
Not Applicable
Item 8 Identification and Classification of Members of the Group
Not Applicable
Item 9 Notice of Dissolution of Group
Not Applicable
Item 10 Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that 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.
November 16, 1998
____________________________
Date
(s)\Peter G. Pennal
____________________________
Signature
PETER GEORGE PENNAL,
Vice-President/Secretary-Treasurer
____________________________
Name/Title