Central Fund of Canada (CEFA) 6-K Current report (foreign)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For July 31, 2008

CENTRAL FUND OF CANADA LIMITED

(Translation of registrant's name into English)

Suite 805, 1323 - 15th Avenue S.W., Calgary, Alberta , Canada T3C 0X8

(Address of principal executive office)

[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F oForm 40-F x

[Indicate by check mark whether the registrant by furnishing the information in this Form is also hereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

YES oNO x

[If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A]

SIGNATURES

Pursuant to the requirements of the Securities Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CENTRAL FUND OF CANADA LIMITED  (Registrant)
DateAugust 18, 2008	By:	/s/ J.C. STEFAN SPICER
		(Signature)*
*Print the name and title under the signature of the signing officer		J.C. Stefan Spicer, President & CEO

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EXHIBIT INDEX

CENTRAL FUND OF CANADA LIMITED

Exhibit to Form 6-K for Press Release of Financial Statements August 19, 2008

Exhibit A: Press Release of 3rd Quarter Financial Statements as of July 31, 2008.

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Exhibit A

August 19, 2008

Central Fund of Canada Limited (symbols: AMEX-CEF, TORONTO-CEF.A) has today released selected comparative financial information relating to net assets and results of operations for the nine-months ended July 31, 2008.

CENTRAL FUND OF CANADA LIMITED

Statement of Net Assets

(expressed in U.S. dollars, unaudited)

	April 30			October 31
	2008			2007
Net assets:
Gold bullion, at market, average cost $394,735,830 (2007: $370,416,530)	$	723,439,845			635,681,207
Silver bullion, at market, average cost $360,523,156 (2007: $336,022,132)		683,892,969			576,419,467
Cash		1,988,783			2,330,873
Interest-bearing cash deposits		27,500,000			25,200,000
Prepaid insurance, interest receivable and other		203,107			202,060
		1,437,024,704			1,239,833,607
Accrued liabilities		(1,149,099	)		(1,063,139	)
Dividends payable		-			(1,251,345	)
Net assets representing shareholders’ equity	$	1,435,875,605			1,237,519,123
Represented by:
Capital stock Class A shares issued:
Class A shares issued: 129,452,713 (2007: 125,134,532)	$	775,326,312			721,079,758
Common shares issued: 40,000		19,458			19,458
		775,345,770			721,099,216
Contributed surplus		8,466,857			10,762,435
Retained earnings inclusive of unrealized appreciation of holdings		652,062,978			505,657,472
	$	1,435,875,605			1,237,519,123
Net asset value per share:
Class A shares	$	11.09			9.89
Common shares	$	8.09			6.89
Exchange rate: U.S. $1.00 = Cdn.	$	1.0095			0.9499
Net asset value per share expressed in Canadian dollars:
Class A shares	$	11.19			9.39
Common shares	$	8.17			6.54

This analysis should be read in conjunction with Central Fund’s financial statements prepared in accordance with Canadian GAAP included in its 2007 Annual Report and the accompanying MD&A.

The change in net assets as reported in U.S. dollars from period to period is primarily a result of the changing market prices of gold and silver and the proportion of each held by the Company. Changes in the value of the U.S. dollar relative to the Canadian dollar will also have an impact on net assets when reported in Canadian dollars.

Net assets increased by $198.4 million during the six months ended April 30, 2008 as a result of the increases in gold and silver prices and the public offering of Class A shares completed on March 5, 2008. The Company used the net proceeds from this public offering to purchase 25,416 fine ounces of gold at a cost of $24,319,300 and 1,270,800 ounces of silver at a cost of $24,501,024, both in physical bar form. The balance of $5,399,666 was retained by the Company in interest-bearing cash deposits for working capital purposes.

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CENTRAL FUND OF CANADA LIMITED

Statement of Income

(expressed in U.S. dollars, unaudited)

	Six months ended April 30					Three months ended April 30
	2008		2007			2008			2007
Income:
Interest	$	504,883		538,096		$	191,928			279,728
Unrealized appreciation (depreciation) of holdings		146,405,506		98,562,023			(58,691,683	)		24,551,481
		146,910,389		99,100,119			(58,499,755	)		24,831,209
Expenses:
Administration fees		1,598,563		1,254,330			837,609			641,809
Safekeeping, insurance & bank charges		772,243		549,426			416,729			282,267
Shareholder information		116,086		105,507			67,828			60,380
Legal fees		91,294		45,775			48,501			24,071
Directors’ fees and expenses		66,546		62,217			33,449			26,787
Stock exchange fees		64,618		36,967			36,134			27,725
Accounting fees		51,396		70,805			33,230			53,805
Registrar and transfer agent fees		37,930		36,845			24,150			21,841
Miscellaneous		634		595			338			274
Foreign currency exchange loss (gain)		1,151		(130	)		1,151			(130	)
Total expenses		2,800,461		2,162,337			1,499,119			1,138,829
Net Income (loss) inclusive of  unrealized appreciation (depreciation) of holdings	$	144,109,928		96,937,782		$	(59,998,874	)		23,692,380
Net income (loss) per share:
Class A shares	$	1.14		0.88		$	(0.47	)		0.21
Common shares	$	1.14		0.88		$	(0.47	)		0.21

Net income (inclusive of unrealized appreciation of holdings) for the six months ended April 30, 2008 was $144.1 million compared to $96.9 million for the same period in 2007. Virtually all of the net income for the six month period was due to unrealized appreciation of holdings. Certain expenses, such as administration fees which are scaled, have varied in proportion to net asset levels or, in the case of stock exchange fees, with market capitalization based on the number of Class A shares issued. Safekeeping fees and bullion insurance costs increased, reflecting the higher prices of gold and silver bullion and increased bullion holdings. Administration fees increased to $1,598,563 from $1,254,330 for the six months based on the increased assets under administration.

Expenses as a percentage of average month-end net assets for the six-month period ended April 30, 2008 were 0.20%, compared to 0.22% for the same six-month period in 2007. For the twelve months ended April 30, 2008, this expense ratio was 0.41% compared to 0.45% for the prior twelve-month period.

Central Fund of Canada Limited operates as a specialized investment holding company which invests primarily in long-term holdings of allocated, segregated and unencumbered gold and silver bullion and does not actively speculate with regard to short-term changes in gold and silver prices. At April 30, 2008, the Class A shares of Central Fund were backed 98% by gold and silver bullion and may be purchased or sold with ease on either the American Stock Exchange (CEF) or The Toronto Stock Exchange (CEF.A in Canadian dollars and CEF.U in U.S. dollars).

For further information please contact:

J.C. Stefan Spicer, President & CEO

Email: info@centralfund.com

Website: www.centralfund.com

Telephone: 905-648-7878

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