FIRST REPORT TO THE COURT OF PRICE WATERHOUSE LIMITED AS COURT APPOINTED RECEIVER OF ERON MORTGAGE CORPORATION AND ERON FINANCIAL SERVICES LIMITED - DATED OCTOBER 15, 1997 EXHIBIT "1" Page 1 - Page 2 - Page 3 - Page 4 - Page 5 - Page 6 - Page 7 - Page 8 - Page 9 EXHIBIT "1" - Page 1