Securities and Exchange Commission, Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
____________________________________________________________
(Name of Issuer) Liquidation World Inc
____________________________________________________________
(Title of Class of Securities) Common Stock
____________________________________________________________
(CUSIP Number) 53634D203
____________________________________________________________
(Date of Event Which Requires Filing of this Statement)
Annual Filing
Check the appropriate box to designate the rule pursuant
to which
this Schedule is filed:
[x] Rule 13d-1(b)
[ ] 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 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. 25822C205
(1) Names of reporting persons...Bankmont Financial Corp.
I.R.S. Identification Nos. of above persons (entities
only)
51-0275712
- ------------------------------------------------------------
(2) Check the appropriate box if a member of a group
(a)
(b) x
(3) SEC use only............................................
- ------------------------------------------------------------
(4) Citizenship or place of organization....................
A Delaware Corporation
- ------------------------------------------------------------
Number of shares beneficially owned by each reporting person
with:
(5) Sole voting power....397,400..........................
(6) Shared voting power..10,000...........................
(7) Sole dispositive
power...399,200.......................
(8) Shared dispositive
power...10,000......................
- ------------------------------------------------------------
- -
(9) Aggregate amount beneficially owned by each reporting
person
409,200
- ------------------------------------------------------------
- -
(10) Check if the aggregate amount in Row (9) excludes
certain shares
(see
instructions)..........................................
- ------------------------------------------------------------
- -
(11) Percent of class represented by amount in Row (9) 5.0%
- ------------------------------------------------------------
- -
(12) Type of reporting person (see
instructions)..HC.........
- ------------------------------------------------------------
- -
Page--of--Pages---------------------------------------------
- -
Item 1(a) Name of issuer:
Liquidation World Inc.
Item 1(b) Address of issuer's principal executive offices:
3900 29th Street NE
Calgary, Alberta CANADA
2(a) Name of person filing: Bankmont Financial Corp
____________________________________________________________
__
2(b) Address or principal business office or, if none,
residence:
111 W. Monroe Street
P. O. Box 755
Chicago, IL 60690
____________________________________________________________
___
2(c) Citizenship: A Delaware Corporation
____________________________________________________________
___
2(d) Title of class of securities: Common Stock
____________________________________________________________
___
2(e) CUSIP No.: 53634D203
____________________________________________________________
___
Item 3. If this statement is filed pursuant to Secs.
240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [x] Broker or dealer registered under section 15 of
the Act (15
U.S.C. 78o).
(b) [x] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C.
78c).
(c) [ ] Insurance company as defined in section 3(a)(19)
of the Act
(15 U.S.C. 78c).
(d) [x] Investment company registered under section 8 of
the
Investment Company Act of 1940 (15 U.S.C 80a-8).
(e) [x] An investment adviser in accordance with Sec.
240.13d-
1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance
with Sec. 240.13d-1(b)(1)(ii)(F);
(g) [x] A parent holding company or control person in
accordance
with Sec. 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section
3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the
definition of an
investment company under section 3(c)(14) of the Investment
Company Act
of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Sec. 240.13d-
1(b)(1)(ii)(J).
Item 4. Ownership
1.
(a) Amount beneficially owned: 409,200 .
(b) Percent of class: 5.0% .
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 397,400
.
(ii) Shared power to vote or to direct the vote
10,000 .
(iii) Sole power to dispose or to direct the disposition
of
399,200 .
(iv) Shared power to dispose or to direct the
disposition of
10,000 .
Item 5. Ownership of 5 Percent or Less of a Class. If this
statement
is being filed to report the fact that as of the date hereof
the
reporting person has ceased to be the beneficial owner of
more than 5
percent of the class of securities, check the following [
].
Item 6. Ownership of More than 5 Percent on Behalf of
Another
Person.
See Exhibit 2
Item 7. Identification and Classification of the Subsidiary
Which
Acquired the Security Being Reported on by the Parent
Holding
Company or Control Person.
Bankmont Financial Corp., a Parent Holding Company,
Filing on behalf of the following affiliates:
Bank of Montreal Holding Inc., a Parent Holding Company
350 7th Avenue S.W.
Calgary, Alberta CANADA
T2P 3N9
Bank of Montreal Securities Canada Limited,
a Parent Holding Company
First Canadian Place
Third Floor
Toronto, Ontario CANADA
M5X 1A1
The Nesbitt Burns Corporation Limited, a Parent Holding
Company
One First Canadian Place
Fourth Floor
Toronto, Ontario CANADA
M5X 1H3
Nesbitt Burns, Inc., a broker-dealer
One First Canadian Place
5th Floor
Toronto, Ontario CANADA
M5X 1H3
Jones Heward Investments Inc., a Parent Holding Company
Royal Trust Tower
77 King Street West
Suite 4200
Toronto, Ontario CANADA
M5K 1J5
Jones Heward Investment Management Inc., an investment
adviser
Royal Trust Tower
77 King Street West
Suite 4200
Toronto, Ontario CANADA
M5K 1J5
Jones Heward Investment Counsel Inc., an investment adviser
Royal Trust Tower
77 King Street West
Suite 4200
Toronto, Ontario CANADA
M5K 1J5
First Canadian Funds Inc, a Holding Company
302 Bay Street
7th Floor
Toronto, Ontario CANADA
M5X 1A1
First Canadian Mutual Funds, Canadian mutual funds
302 Bay Street
7th Floor
Toronto, Ontario CANADA
M5X 1A1
And filing on behalf of its parent:
Bank of Montreal
1 First Canadian Place
Toronto, Ontario Canada
MX5 1H3
Item 8. Identification and Classification of Members of
Group
See Exhibit 2
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 acquired
and are held in the ordinary course of business and 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 12, 1999
BANKMONT FINANCIAL CORP.
BY: (Alan G. McNally)
Alan G. McNally
President
Schedule 13G
Exhibit 1
Nesbitt Burns, Inc. is a wholly-owned subsidiary of The
Nesbitt Burns Corporation Limited, which is a wholly-owned
subsidiary of Bank of Montreal Securities Canada Limited,
which is a wholly-owned subsidiary of Bank of Montreal
Holding Inc., which is a wholly-owned subsidiary of Bank of
Montreal.
First Canadian Mutual Funds are Canadian mutual funds
advised and managed by Jones Heward Investment Counsel Inc.,
Jones Heward Investment Management Inc., and First Canadian
Funds Inc., which are wholly-owned direct or indirect
subsidiaries of Bank of Montreal.
Jones Heward Investment Management Inc. is a wholly-owned
subsidiary of Jones Heward Investments Inc., which is a
wholly-owned subsidiary of Bank of Montreal and Nesbitt
Burns Inc.
Pursuant to Rule 13d-1(k)(1)(iii), Bank of Montreal, Bank of
Montreal Holding Inc., Bank of Montreal Securities Canada
Limited, The Nesbitt Burns Corporation Limited, Nesbitt
Burns Inc., First Canadian Funds Inc., First Canadian Mutual
Funds, Jones Heward Investment Counsel Inc., Jones Heward
Investment Management Inc., and Jones Heward Investments
Inc. agree to this filing of Schedule 13G by Bankmont
Financial Corp. This exhibit is submitted as proof of their
agreement and authorization for Bankmont Financial Corp. to
file on their behalf.
Dated: February 12, 1999
BANK OF MONTREAL
BY: (Velma J. Jones)
Velma J. Jones
Secretary
BANK OF MONTREAL HOLDING INC.
BY: (John Doolittle)
John Doolittle
Chief Financial Officer
BANK OF MONTREAL SECURITIES CANADA LIMITED
BY: (Derek Jones)
Derek Jones
Senior Vice President
THE NESBITT BURNS CORPORATION LIMITED
BY: (Charlie Moses)
Charlie Moses
Senior Vice President
NESBITT BURNS INC.
BY: (Charlie Moses)
Charlie Moses
Senior Vice President
JONES HEWARD INVESTMENTS INC.
BY: (Peter Cruickshank)
Peter Cruickshank
Chief Financial Officer
JONES HEWARD INVESTMENT MANAGEMENT INC.
BY: (Peter Cruickshank)
Peter Cruickshank
Chief Financial Officer
JONES HEWARD INVESTMENT COUNSEL INC.
BY: (Peter Cruickshank)
Peter Cruickshank
Chief Financial Officer
FIRST CANADIAN FUNDS INC.
BY: (Ed Legzdins)
Ed Legzdins
Executive Vice President and
Chief Operating Officer
FIRST CANADIAN MUTUAL FUNDS
BY: (Ed Legzdins)
Ed Legzdins
Executive Vice President and
Chief Operating Officer
Schedule 13G
Exhibit 2
Of the shares reported in this filing, First Canadian Funds
hold 394,400 shares in the ordinary course of business.
Jones Heward Investment Management Inc. holds 13,000 shares
for various clients in the ordinary course of business.
Nesbitt Burns Inc. holds 1,800 shares for various clients in
the ordinary course of business.
Bank of Montreal, Bankmont Financial Corp., Bank of Montreal
Holding Inc., Bank of Montreal Securities Canada Limited,
The Nesbitt Burns Corporation Limited, Nesbitt Burns Inc.,
First Canadian Funds Inc., First Canadian Mutual Funds,
Jones Heward Investment Counsel Inc., Jones Heward
Investment Management Inc., and Jones Heward Investments
Inc. expressly disclaim the existence of a group for
purposes other than this filing.
