<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Statement of Financial Condition at December 31, 1998 of Royal
Silver Mines, Inc. (Unaudited) and the Consolidated Statement of Income for
the three months ended December 31, 1998 (Unaudited) and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               DEC-31-1998
<CASH>                                           3,611
<SECURITIES>                                         0
<RECEIVABLES>                                  379,163
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               384,189
<PP&E>                                          96,650
<DEPRECIATION>                                  23,651
<TOTAL-ASSETS>                               3,997,466
<CURRENT-LIABILITIES>                           70,115
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       189,325
<OTHER-SE>                                   3,738,026
<TOTAL-LIABILITY-AND-EQUITY>                 3,997,466
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                   78,091
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                               (71,033)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (71,033)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (71,033)
<EPS-PRIMARY>                                  (0.004)
<EPS-DILUTED>                                  (0.004)