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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
NEW HILARITY MINING COMPANY
(Name of Issuer)
Common Stock, $.10 par value
(Title of Class of Securities)
645274101
(CUSIP Number)
John R. Coghlan
Stockholder
New Hilarity Mining Company
5102 South Morrill Lane
Spokane, Washington 99203
509-448-5128
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 24, 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 the
following Box [ ]
Check the following box if a fee is being paid with the statement [ ]
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)
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SCHEDULE 13D
1. Name of Reporting Person;
S.S. or I.R.S. Identification No. of Above Person
John R. Coghlan ###-##-####
2. Check the Appropriate Box if a Member of the Group
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds
Private Funds
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e): [ ]
6. Citizenship or Place of Organization: United States
Number of Shares 7. Sole Voting Power: 984,820 shares
Beneficially Owned 8. Shared Voting Power: None
by Each Reporting 9. Sole Dispositive Power: 984,820 shares
Person with: 10. Shared Dispositive Power: None
11. Aggregate Amount Beneficially Owned by Each Reporting Person
984,820 shares
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
13. Percent of Class Represented by Amount in Row (11)
18.0%
14. Type of Reporting Person
Individual
Item 1. SECURITY AND ISSUER.
Common stock, par value, $.10 per share of New Hilarity Mining Company,
717 W. Sprague Ave., Spokane, WA. 99201
Item 2. IDENTITY AND BACKGROUND.
John R. Coghlan was an officer and director of Labor Ready Inc. from 1989
through 1996. Mr. Coghlan has been retired since 1996.
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Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On July 29, 1998, John Coghlan received common stock of New Hilarity Mining
Company in the following manner:
<TABLE>
Share
Purpose Amount
_________________ _________
<C> <S>
Debt Conversion 260,520
Fees 500,000
</TABLE>
Item 4. PURPOSE OF TRANSACTION
The purpose for the acquisition of the common stock was 1) to relieve the
Company of certain debt obligations, and 2) compensation for services.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
The reporting person owns beneficially (within the meaning of Section 13(d)
of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and
the Rules thereunder) a total of 984,820 shares of common stock, constituting
approximately 18.0% of the shares outstanding (computed in accordance with
the Rule 13d-3(d) and under the Exchange Act). The reporting person has sole
voting power with respect to 984,820 shares of common stock and sole
dispositive power with respect to 984,820 shares.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OF RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
NONE
Item 7. EXHIBITS
NONE
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SIGNATURE
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After reasonable inquiring and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is
true, complete and correct.
/s/ John R. Coghlan Dated: August 24, 1998
________________________
John R. Coghlan
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