SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
MFC Bancorp Ltd.
(Name of Issuer)
Common Stock. $0.01 Par Value
(Title of Class of Securities)
693286 10 6
(CUSIP Number)
Peter R. Kellogg
120 Broadway
New York, New York 10271
(Name, address and telephone number of person
authorized to receive notices and communications)
September 21, 2000
(Date of event which requires filing of this
statement)
(Continued on following page(s))
(Page 1 of 7 Pages)
Cusip No. 693286 10 6 Page 2 of 6
_____________________________________________________
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Peter R. Kellogg
_____________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X
_____________________________________________________
3. SEC USE ONLY
_____________________________________________________
4. SOURCE OF FUNDS: PF
_____________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E)
_____________________________________________________
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA_______________________________________________
Number of 7. SOLE VOTING POWER NUMBER OF SHARES
Shares _______260,000________________________
8. SHARED VOTING POWER
Beneficially
_______2,736,550 (1)_______________
Owned by Each 9. SOLE DISPOSITIVE POWER
Reporting _______260,000________________________
10.SHARED DISPOSITIVE POWER
Person With
______________________2,736,550 _ (1)_______________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
___2,996,550 ____________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
_____________________________________________________
Cusip No. 693286 10 6 Page 3 of 6
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11) 24.87%
_____________________________________________________
14. TYPE OF REPORTING PERSON - IN
_____________________________________________________
(1) Pursuant to Rule 13d-4 under the Exchange Act,
the Reporting Person disclaims beneficial ownership
of these shares.
_____________________________________________________
Item 1. Security and Issuer
The class of security to which this statement
relates is Common Stock, par value $0.01 (the
"Common Stock"), of MFC Bancorp, Ltd., which is
organized under the laws of the Yukon Territory,
Canada (the "Issuer"). The address of the principal
executive office of the Issuer is: 6 Rue Charles
Bonnett, Geneva, Switzerland 1206.
Item 2. Identity and Background
The person filing this Statement is Peter R.
Kellogg. This statement also contains information
regarding shares of Common Stock owned by I.A.T.
Reinsurance Syndicate Ltd. ("IAT"), a Bermuda
corporation of which Mr. Kellogg is the sole holder
of voting stock. The J.C. Kellogg Foundation, a not-
for-profit organization of which Mr. Kellogg is a
trustee, and The Peter R. Kellogg & Cynthia K.
Kellogg Foundation (the "Foundations"), a charitable
entity of which Peter Kellogg is a trustee. Mr.
Kellogg has shared dispositive and voting power with
respect to the shares of Common Stock owned by
Cynthia K. Kellogg and the Foundation. Mr. Kellogg
disclaims the existence of a group for purposes of
Section 13(d) of the Securities Exchange Act of 1934
("Act"), and he disclaims beneficial ownership of
shares owned by such other persons and entities.
The Foundations' business address is:
Spear, Leeds & Kellogg
120 Broadway
New York, New York 10271
Cusip No. 693286 10 6 Page 4 of 6
Mr. Kellogg's principal occupation is: Senior
Managing Director
Spear, Leeds & Kellogg
120 Broadway
New York, New York 10271
IAT's business address is:
Spear, Leeds & Kellogg
120 Broadway
New York, New York 10271
Spear, Leeds & Kellogg is a registered securities
broker-dealer.
IAT is a reinsurance company incorporated in Bermuda.
During the last five years Mr. Kellogg, nor any
executive officer of IAT, has been convicted in a
criminal proceeding nor have they been a party to a
civil proceeding of a judicial or administrative body
of competent jurisdiction as a result of which such
person was or is subject to a judgment, decree or
final order enjoining future violations of, or
prohibiting or mandating activities subject to,
federal or state securities laws, or finding any
violation with respect to such laws.
Mr. Kellogg is citizen of the United States.
The Foundation is a New Jersey corporation domiciled
in New Jersey.
Item 3. Source and Amount of Funds or Other
Consideration
The aggregate purchase price of the Common Stock
recently purchased by IAT was $5,303,220.85 which
came from available funds.
Item 4. Purpose of Transaction
The Common Stock was acquired by IAT for investment
purposes only.
Neither IAT, Mr. Kellogg, nor the Foundations
have plans or proposals which related to or which
Cusip No. 693286 10 6 Page 5 of 6
would result in any of the actions specified in
clauses (a) through (j) of Item 4 of Schedule 13D.
Mr. Kellogg, IAT, and the Foundations may
determine to purchase additional shares of Common
Stock at any time and from time to time, subject to
market and general economic conditions, and any
purchase or purchases may be effected directly or
through one or more entities controlled or deemed to
be controlled by Mr. Kellogg. Mr. Kellogg may also
sell or otherwise dispose of shares of Common Stock
owned directly or indirectly by him at any time or
from time to time, although he has no present plans
or proposals to do so. Any purchases or sales by Mr.
Kellogg may be in the open market, in a privately
negotiated transaction or otherwise.
Item 5. Interest in Securities of the Issuer
(a) As of September 21, 2000, Mr. Kellogg may be
deemed the beneficial owner of 2,996,550 shares of
the Common Stock of MFC Bancorp Ltd, constituting
approximately 24.87% of the common stock outstanding.
Of those shares, 260,000 were owned by Mr. Kellogg
personally and 2,136,550 were owned by IAT. In
addition, Mr. Kellogg may be deemed to be the
indirect beneficial owner of 100,000 shares of common
stock owned by The J.C. Kellogg Foundation and
500,000 shares of common stock owned by The Peter R.
Kellogg and Cynthia K. Kellogg Foundation.
(b) Mr. Kellogg has the sole dispositive power
with respect to 260,000 shares of common stock which
he owns, and with respect to 2,136,550 shares owned
by IAT. Mr. Kellogg also shares the power to vote or
dispose of 600,000 shares of common stock owned by
the foundations.
(c) The following table set forth information
with respect to all purchases, sales or donations of
the common stock by IAT for purposes of Section 13(d)
of the 1934 Act since August 3, 2000.
Number
Date of of Type of Price
Transaction Shares Transaction Per
Share
08/08/00 131,800 OTC Buy 7.1250
Cusip No. 693286 10 6 Page 6 of 6
08/17/00 13,200 OTC Buy 7.5752
08/18/00 1,000 OTC Buy 8.0000
08/18/00 700 OTC Buy 8.1250
08/21/00 5,000 OTC Buy 8.1700
08/22/00 2,600 OTC Buy 8.2933
08/23/00 800 OTC Buy 8.0625
08/24/00 1,700 OTC Buy 8.0000
08/25/00 1,000 OTC Buy 8.2500
09/21/00 550,050 OTC Buy 7.5625
Item 6. Contract Arrangements, Understandings or
Relationships with Respect to Securities of the
Issuer
All shares of Common Stock purchased by Mr.
Kellogg were acquired on the basis of his independent
investment decisions. Mr. Kellogg disclaims that he
(alone or with IAT)was or is a member of a "group,"
within the meaning of the Act and the Rules, with
regard to the acquisition or holding of shares of
Common Stock acquired or sold by Mr. Kellogg.
Further, Mr. Kellogg has no arrangement, agreement
or understanding with anyone with respect to the
future acquisition, holding, disposition or voting of
shares of Common Stock of the Issuer.
Item 7. Material to be filed as Exhibits
None.
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information
set fourth in this Statement is true, complete and
correct.
Dated: October 4, 2000
Peter R. Kellogg
Peter R. Kellogg
