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JRM NOMINEES PTY LTD & MARIO & ELINO CONSTRUCTIONS PTY LTD

Mortgage Loan

Exemption Date - 12 July 1996

ACTUAL INCOME AND ASSET DETAILS TO BE HELD

Asset Value

Effective Date

45%

of the face value of the investment

4 April 1997

100%

of the face value of the investment

12 July 1996

Income Value

0%

no actual income is being paid

12 July 1996