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         United States Securities and Exchange Commission


Securities Exchange Act of 1934
Release No.  38727 / June 10, 1997

Accounting and Auditing Enforcement
Release No.   922 / June 10, 1997 

Administrative Proceeding File No. 3-9331


ADMINISTRATIVE PROCEEDING INSTITUTED AGAINST B. J. THOMAS, C.P.A.

     The Securities and Exchange Commission has instituted public
administrative proceedings pursuant to rule 102(e)(3) of the
Commission s Rules of Practice against B. J. Thomas, C.P.A.  The
Order for Proceedings alleges as follows:

     Respondent B. J. Thomas is a certified public accountant
licensed by the state of Texas.  He was chief financial officer
of Technology International, Ltd. ( TIL ) from March 1993 until
February 1994, and a TIL board member from TIL s inception until
February 1994.  During the relevant period, TIL was a New Mexico
corporation located in Lauderdale Lakes, Florida whose  common
stock was registered with the Commission pursuant to Section
12(g) of the Exchange Act.  On November 10, 1994, TIL filed for
bankruptcy under Chapter 11, which converted to a Chapter 7
liquidation proceeding in March 1995.

     Thomas prepared TIL s June 30, 1993 financial statements and
was responsible for all of TIL s accounting policies and
practices during that time period.  TIL s Form 10-Q for the
quarter ended June 30, 1993 materially misstated its financial
condition.  TIL reported ownership of approximately $2.1 million
of rental properties (out of total reported assets of
approximately $8 million) when, in fact, as of the end of the
quarter, TIL had not consummated the purchase of those properties
and could not, under Generally Accepted Accounting Principles
(GAAP), report them as assets.  TIL also improperly capitalized
$828,744 of  Pre Operating And Deferred Costs.   These costs
accounted for some 80 percent of all general and administrative
costs incurred by TIL during the first three quarters of fiscal
year 1993.  To capitalize any of these expenses under GAAP, TIL
would have had to analyze each one systematically and determine
that a related capitalized expense would provide future benefits.

No such determination was made as to any of the expenses and thus
none of them were properly capitalized.  In addition, TIL failed,
contrary to the requirements of Regulation S-X, 17 C.F.R. 
210.3-04, to disclose that it had made a prior period adjustment
to capitalize costs that had previously been expenses.
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     On March 11, 1997, Thomas consented to the entry of final
judgment in a federal district court action against him and
others arising out of the facts that form the basis of this
proceeding.  The permanent injunction makes it possible for the
Commission to temporarily suspend and, after a thirty-day period,
permanently suspend Thomas from practice under rule 102(e)(3).