UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
The First Australia Fund Inc.
(Name of Issuer)
Common Stock
(Title and Class of Securities)
318652104
(CUSIP Number)
February 18, 1999
(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
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 and 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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CUSIP No.: 318652104
1. NAME OF REPORTING PERSONS, I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Mira, L.P., 13-4045633
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, USA
5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH SOLE VOTING POWER 871,800
6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH SHARED VOTING POWER 0
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH SOLE DISPOSITIVE POWER 871,800
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH SHARED DISPOSITIVE POWER 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 871,800
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.072%
12. TYPE OF REPORTING PERSON PN
Item 1.
The name of the issuer is The First Australia Fund Inc. The
address of the issuer's principal executive offices is Gateway Center
Three, 100 Mulberry Street, Newark, NJ 07102-4077.
Item 2.
The name of the person filing is Mira, L.P. ("Mira"). The address
of Mira's principal business office is One Chase Manhattan Plaza, 42nd
Floor, New York, New York 10005. Mira is a limited partnership
organized under the laws of the State of Delaware. This statement
relates to shares of Common Stock, par value $0.01 per share (the
"Common Stock"). CUSIP Number: 318652104
Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
This Item 3 is not applicable.
Item 4. Ownership
Mira is the beneficial owner of 871,800 shares of Common Stock,
which constitutes approximately 5.072% of the outstanding shares of
Common Stock. Mira has the sole power to
<PAGE>
vote or direct the vote of all 871,800 shares, and the sole power to
dispose or to direct the disposition of all 871,800 shares. There are
zero shares as to which Mira shares the power to vote or direct the
vote of the Common Stock, and zero shares as to which Mira shares the
power to dispose or to direct the disposition of the Common Stock .
Item 5. Ownership of Five Percent or Less of a Class
This Item 5 is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding Company
This Item 7 is not applicable.
Item 8. Identification and Classification of Members of the Group
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group
This Item 9 is 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.
Dated: February 26, 1999
Mira, L.P.
/s/ Terence S. Leighton
By: Terence S. Leighton
Title: Vice President
