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Exhibit 31.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Thomas James Brady, certify that:

|1. | I have reviewed this quarterly
        report on Form 10-QSB of Chilco River Holdings Inc.;                                                                                                                                                                                                                                                                                  
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|2. | Based on my knowledge, this
        quarterly report does not contain any untrue statement of a material fact
        or omit to state a material fact necessary to make the statements made,
        in light of the circumstances under which such statements were made, not
        misleading with respect to the period covered by this quarterly report;               
|   |                                                                                                                                                                                                                                                                                                                                                                              
|3. | Based on my knowledge, the
        financial statements, and other financial information included in this
        quarterly report, fairly present in all material respects the financial
        condition, results of operations and cash flows of the registrant as of,
        and for, the periods presented in this quarterly report;                                  
|   |                                                                                                                                                                                                                                                                                                                                                                              
|4. | The registrants other
        certifying officer and I are responsible for establishing and maintaining
        disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
        and 15d-15(e)) and internal controls over financial reporting (as defined
        in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and
        have:
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|   | a)                                                                                                                                                                                                                                                                                                                                                                           
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|   | b)                                                                                                                                                                                                                                                                                                                                                                           
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|   | c)                                                                                                                                                                                                                                                                                                                                                                           
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|   | d)                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                              
|5. | The registrants other certifying officer and
        I have disclosed, based on our most recent evaluation of internal control
        over financial reporting, to the registrants auditors and the audit
        committee of the registrants board of directors (or persons performing
        the equivalent function):                                               
|   |                                                                                                                                                                                                                                                                                                                                                                              
|   | a)                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                              
|   | b)                                                                                                                                                                                                                                                                                                                                                                           

|Dated: August 13, 2003 | By: //s// THOMAS JAMES BRADY
|---------------------- | ----------------------------
|                       | Thomas James Brady          
|                       | Secretary-Treasurer         

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