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                                      UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C.  20549
  
  
                                        FORM 8-K
  
  
                                     CURRENT REPORT
       Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  
  Date of Report (Date of Earliest Event Reported): June 30, 1997 (June 27, 1997)
  
  
                             DRUMMOND FINANCIAL CORPORATION
                 (Exact name of Registrant as specified in its charter)
  
  
                                         Delaware
                                 (State of Incorporation)
  
  
                     1-12212                                 95-4426690
              (Commission File Number)                   (I.R.S. Employer
                                                          Identification No.)
  
  
          Suite 1250, 400 Burrard Street                        V6C 3A6
        Vancouver, British Columbia, Canada                    (Zip Code)
     (Address of principal executive offices)
  
  
                                       (604) 683-5312
                   (Registrant's telephone number, including area code)
  
  
  
  
  
  
  
  
  
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  <PAGE>  2
  
  ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
  
  
  On June 27, 1997, the Registrant notified BDO Dunwoody ("BDO") that they were 
  dismissed as the Registrant's independent auditor.
  
  The Registrant and BDO have not, in connection with the audit of the 
  Registrant's financial statements for each of the prior two years ended June 
  30, 1996 and 1995 or for any subsequent interim period prior to and including 
  March 31, 1997, had any disagreement on any matter of accounting principles or 
  practices, financial statement disclosure, or auditing scope or procedure, 
  which disagreement, if not resolved to BDO's satisfaction, would have caused 
  BDO to make reference to the subject matter of the disagreement in connection 
  with its reports.
  
  The reports of BDO on the Registrant's financial statements for the past two 
  fiscal years did not contain an adverse opinion or a disclaimer of opinion and 
  were not qualified or modified as to uncertainty, audit scope or accounting 
  principles.
  
  The decision to change auditors was approved by the Registrant's board of 
  directors.
  
  On June 27, 1997, the Registrant appointed Davidson & Company, whose offices 
  are located in Vancouver, British Columbia, Canada as its independent 
  accountant and Davidson & Company accepted such appointment.
  
  The Registrant had no relationship with Davidson & Company required to be 
  reported pursuant to Item 304(a)(2) of Regulation S-B during the two fiscal 
  years ended June 30, 1996 and 1995, or the subsequent interim period prior to 
  and including March 31, 1997.
  
  ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.
  
  (c)	Exhibits.
  
  Exhibit No.                     Description
  ----------                      -----------
  
     16.1         Letter from BDO regarding its concurrence with the Registrant's
                  statement regarding change of accountants.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
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                                    SIGNATURES
  
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the 
  Registrant has duly caused this report to be signed on its behalf by the 
  undersigned, thereunto duly authorized.
  
  
  
  
                                                  DRUMMOND FINANCIAL CORPORATION
  
  
                                                  By:  /s/ Michael J. Smith
                                                      ---------------------------
                                                      Michael J. Smith, President
  
  Date:  June 30, 1997
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  <PAGE>  4
  
                               EXHIBIT INDEX
  
  
  Exhibit
  Number                        Description
  -------                       -----------
  
    16.1       Letter from BDO regarding its concurrence with the Registrant's
               statement regarding change of accountants.
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K OF DRUMMOND FINANCIAL CORPORATION", "secsgml_size_bytes": 4154}]
metadata_filer: {"company-data": {"conformed-name": "DRUMMOND FINANCIAL CORP", "cik": "0000906549", "assigned-sic": "6153", "irs-number": "954426690", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12212", "film-number": "97635788"}, "business-address": {"street1": "400 BURRARD", "street2": "STE 1290", "city": "VANCOUVER BC V6C3A6", "state": "A6", "zip": "91101", "phone": "6046835312"}}
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                                      UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C.  20549
  
                                        FORM 8-K
  
                                     CURRENT REPORT
       Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  Date of Report (Date of Earliest Event Reported): June 30, 1997 (June 27, 1997)
  
                             DRUMMOND FINANCIAL CORPORATION
                 (Exact name of Registrant as specified in its charter)
  
                                         Delaware
                                 (State of Incorporation)
  
                     1-12212                                 95-4426690
              (Commission File Number)                   (I.R.S. Employer
                                                          Identification No.)
  
          Suite 1250, 400 Burrard Street                        V6C 3A6
        Vancouver, British Columbia, Canada                    (Zip Code)
     (Address of principal executive offices)
  
                                       (604) 683-5312
                   (Registrant's telephone number, including area code)
  
  ===============================================================================
  2
  
  ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
  
  On June 27, 1997, the Registrant notified BDO Dunwoody ("BDO") that they were 
  dismissed as the Registrant's independent auditor.
  
  The Registrant and BDO have not, in connection with the audit of the 
  Registrant's financial statements for each of the prior two years ended June 
  30, 1996 and 1995 or for any subsequent interim period prior to and including 
  March 31, 1997, had any disagreement on any matter of accounting principles or 
  practices, financial statement disclosure, or auditing scope or procedure, 
  which disagreement, if not resolved to BDO's satisfaction, would have caused 
  BDO to make reference to the subject matter of the disagreement in connection 
  with its reports.
  
  The reports of BDO on the Registrant's financial statements for the past two 
  fiscal years did not contain an adverse opinion or a disclaimer of opinion and 
  were not qualified or modified as to uncertainty, audit scope or accounting 
  principles.
  
  The decision to change auditors was approved by the Registrant's board of 
  directors.
  
  On June 27, 1997, the Registrant appointed Davidson & Company, whose offices 
  are located in Vancouver, British Columbia, Canada as its independent 
  accountant and Davidson & Company accepted such appointment.
  
  The Registrant had no relationship with Davidson & Company required to be 
  reported pursuant to Item 304(a)(2) of Regulation S-B during the two fiscal 
  years ended June 30, 1996 and 1995, or the subsequent interim period prior to 
  and including March 31, 1997.
  
  ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.
  
  (c)	Exhibits.
  
  Exhibit No.                     Description
  ----------                      -----------
  
     16.1         Letter from BDO regarding its concurrence with the Registrant's
                  statement regarding change of accountants.
  3
  
                                    SIGNATURES
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the 
  Registrant has duly caused this report to be signed on its behalf by the 
  undersigned, thereunto duly authorized.
  
                                                  DRUMMOND FINANCIAL CORPORATION
  
                                                  By:  /s/ Michael J. Smith
                                                      ---------------------------
                                                      Michael J. Smith, President
  
  Date:  June 30, 1997
  4
  
                               EXHIBIT INDEX
  
  Exhibit
  Number                        Description
  -------                       -----------
  
    16.1       Letter from BDO regarding its concurrence with the Registrant's
               statement regarding change of accountants.