<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 44 )*
Westminster Capital, Inc. (formerly Far West Financial Corporation)
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $1 Per Share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
307351106
- -------------------------------------------------------------------------------
(CUSIP Number)
Hyman Belzberg and Bel-Alta Holdings, Ltd.,
No. 1420 Aquitaine Towers
540 5th Avenue, S.W., Calgary, Alberta, Canada T2P OM2
(Telephone: 403 237-6402)
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
January 22, 1998
- -------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check check the
following box / /.
Check the following box if a fee is being paid with the statement / /. (A fee is
not required has a previous statement on file reporting beneficial ownership of
more than five percent of the class of securities described in Item 1; and (2)
has filed no amendment subsequent thereto reporting beneficial ownership of
five percent or less of such class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on 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).
SEC 1746 (12-91)
<PAGE>
SCHEDULE 13D
CUSIP No. 307351106 Page 2 of 5 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HYMAN BELZBERG
BEL-ALTA HOLDINGS, LTD.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) / /
(B) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
Hyman Belzberg -- 1,703,974 shares
NUMBER OF Bel-Alta Holdings, Ltd. -- 1,703,974 shares (which are
SHARES included in Mr. Belzberg's total)
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING ---------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH Hyman Belzberg -- 1,703,974 shares
Bel-Alta Holdings, Ltd. -- 1,703,974 shares (which are
included in Mr. Belzberg's total)
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Hyman Belzberg -- 1,703,974 shares
Bel-Alta Holdings, Ltd. -- 1,703,974 shares (which are included in Mr.
Belzberg's
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Hyman Belzberg -- 21.7%
Bel-Alta Holdings, LTD. -- 21.7%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
Hyman Belzberg -- IN
Bel-Alta Holdings, Ltd. -- CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
AMENDMENT NO. 44
TO SCHEDULE 13D
FILED PURSUANT TO RULE 13d-2
OF THE GENERAL RULES AND REGULATIONS
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
The undersigned hereby amend the Schedule 13D heretofore filed by them,
as amended through Amendment No. 43 dated January 23, 1996 relating to the
Common Stock, $1.00 Par Value, of Westminster Capital, Inc., a Delaware
corporation, formerly Far West Financial Corporation ("Issuer").
ITEM 1. SECURITY AND ISSUER.
This Schedule 13D relates to the Common Stock, $1.00 par value, of the
Issuer (the "Common Stock"). The principal executive offices of the Issuer
are located at 9665 Wilshire Boulevard, Suite M-10, Beverly Hills, California
90212.
ITEM 2. IDENTITY AND BACKGROUND
Bel-Alta Holdings, Ltd. is a Canadian corporation ("Bel-Alta"). Its
principal business is real estate mortgage and investment, and the address of
its principal business and principal office is No. 1420 Aquitaine Towers, 540
5th Avenue, S.W., Calgary, Alberta, Canada T2P OM2, whose sole business is
the holding of shares of capital stock of the Issuer.
Hyman Belzberg's business address is No. 1420 Aquitaine Towers, 540 5th
Avenue, S.W., Calgary, Alberta, Canada T2P OM2. His principal occupation is
President of Bel-Alta.
Neither Bel-Alta nor Mr. Hyman Belzberg has, during the last five years,
(i) been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors), or (ii) been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On January 22, 1995 Bel-Alta purchased 154,250 shares of Common Stock in
a privately negotiated transaction for $3.25 per share or an aggregate
purchase price of $501,312.50. The source of funds used to make the purchase
was the working capital of Bel-Alta. Mr. Hyman Belzberg is the President,
sole director and owner of all of the outstanding voting stock of Bel-Alta,
and as such may be deemed to be the beneficial owner of the shares of Common
Stock of the Issuer held by Bel-Alta pursuant to Rule 13d-3 of the Securities
and Exchange Commission adopted under the Securities Exchange Act of 1934.
Pursuant to Rule 13d-4 of the Securities and Exchange Commission, Hyman
Belzberg disclaims beneficial ownership of that portion of the
<PAGE>
shares of Common Stock of the Issuer owned by Bel-Alta which is proportional
to the shares of capital stock of Bel-Alta not owned of record by him.
ITEM 4. PURPOSE OF TRANSACTION
The shares of Common Stock of the Issuer were acquired by Bel-Alta for
investment purposes. Neither Hyman Belzberg nor Bel-Alta has any plans or
proposals relating to or resulting in any of the matters referred to in Item
4 of Schedule 13D, except that the Issuer has publicly announced a potential
transaction to increase, or in the alternative dispose of, its ownership
interest in Pink Dot, Inc., a home delivery service company, and its
intention to seek additional investments or acquisitions, and Mr. Belzberg,
as a Director of the Issuer, may be called upon to consider and approve any
such transaction.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As of the date of this Amendment Bel-Alta owned of record and
beneficially 1,,703,974 shares of the Common Stock of the Issuer. By virtue
of being the President, sole director and owner of all of the outstanding
voting stock of Bel-Alta, Hyman Belzberg may be deemed to have voting and
dispositive powers with respect to such shares and thus may be deemed to
beneficially own the shares. These shares represented 21.7% of the
outstanding shares of Common Stock of the Issuer as of the date of this
Amendment.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Neither Bel-Alta nor Mr. Hyman Belzberg has any contracts, arrangements,
understandings or relationships (legal or otherwise) between themselves or
with any other person with respect to any securities of the Issuer, including
but not limited to transfer or voting of the securities, finders' fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits,
division of profits or loss or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
January 30, 1998
/s/ HYMAN BELZBERG
______________________________________
HYMAN BELZBERG
BEL-ALTA HOLDINGS, LTD.
/s/ HYMAN BELZBERG
______________________________________
HYMAN BELZBERG, PRESIDENT
