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787 Seventh Avenue |
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New York, NY 10019-6099 |
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Tel: 212 728 8000 |
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Fax: 212 728 8111 |
October 7, 2013
VIA EDGAR
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
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Re: |
Aberdeen Australia Equity Fund, Inc. |
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1933 Act File No. 333-190632 |
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Ladies and Gentlemen:
On behalf of the above-captioned registered, closed-end investment company (the “Fund”), and in accordance with the requirements of the Securities Act of 1933, as amended (the “1933 Act”), and the Investment Company Act of 1940, as amended (the “1940 Act”), electronically transmitted herewith is Pre-Effective Amendment No. 1 to the Fund’s Registration Statement on Form N-2 (the “Amendment”) with respect to the proposed offering by the Fund of additional shares of common stock, par value $0.01 per share (the “Shares”) on an immediate, delayed or continuous basis in reliance on Rule 415 under the 1933 Act. The Fund is registering $130,000,000 of Shares.(1)
The Amendment is being filed in order to respond to comments provided by the staff of the Division of Investment Management (the “Staff”) of the Securities and Exchange Commission in a letter to Elizabeth Miller of this firm, dated September 11, 2013, regarding the above-referenced Registration Statement, make such other changes as the Fund has deemed appropriate and file any remaining exhibits.
In accordance with Rule 111 under the 1933 Act, the Fund has sent by wire transfer to the Securities and Exchange Commission’s (the “Commission”) account at U.S. Bank the amount of $5,061.97 in payment of the required registration fee. The Fund had paid a registration fee of $128.80 in connection with the initial filing of the Registration Statement.
(1) Pursuant to Rule 429 under the Securities Act of 1933, as amended, this Registration Statement contains a prospectus that also relates to $89,699,001 of Shares that were previously registered pursuant to Securities Act File No. 333-164092 which remain unissued and unsold as of the filing date of this Registration Statement and for which the registration fee was paid. The maximum aggregate offering price of all Shares offered from time to time pursuant to the prospectus included in this Registration Statement (including the $89,699,001 of Shares previously registered which remain unissued and unsold) is $130,000,000.
NEW YORK WASHINGTON PARIS LONDON MILAN ROME FRANKFURT BRUSSELS
in alliance with Dickson Minto W.S., London and Edinburgh