**EXHIBIT-31**

**Certification - Exchange Act Rules 13a-14 and 15d-14**

 

I, Thomas        B. Winmill, certify that:

 

1. I have        reviewed this quarterly report on Form 10-QSB of Bexil Corporation (“small business        issuer”);

 

2. Based on        my knowledge, this 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        periods covered by this report;

 

3. Based on        my knowledge, the consolidated financial statements, and other financial information        included in this annual report, fairly present in all material respects the financial        condition, results of operations and cash flows of the small business issuer as of, and        for, the periods presented in this report;

 

4. The        small business issuer'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 control over financial reporting (as defined in Exchange Act        Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:

 

a) Designed        such disclosure controls and procedures, or caused such disclosure controls and procedures        to be designed under our supervision, to ensure that material information relating to the        small business issuer, including its consolidated subsidiaries, is made known to us by        others within those entities, particularly during the period in which this report is being        prepared;

 

b) [omitted        in accordance with SEC Release Nos. 33-8238 and 34-47986];

 

c)        Evaluated the effectiveness of the small business issuer's disclosure controls and        procedures and presented in this report our conclusions about the effectiveness of the        disclosure controls and procedures, as of the end of the period covered by this report        based on such evaluation; and

 

d)        Disclosed in this report any change in the small business issuer’s internal control        over financial reporting that occurred during the small business issuer’s most recent        fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual        report) that has materially affected, or is reasonably likely to materially affect, the        small business issuer’s internal control over financial reporting; and

 

5. The        small business issuer’s other certifying officers and I have disclosed, based on our        most recent evaluation of internal control over financial reporting, to the small business        issuer’s auditors and the audit committee of the small business issuer's board of        directors (or persons performing the equivalent functions):

 

a) All        significant deficiencies and material weaknesses in the design or operation of internal        control over financial reporting which are reasonably likely to adversely affect the small        business issuer’s ability to record, process, summarize and report financial        information; and

 

b) Any        fraud, whether or not material, that involves management or other employees who have a        significant role in the small business issuer's internal control over financial        reporting.

 

 

Date:        August 14, 2007

/s/        Thomas B. Winmill

Chief        Executive Officer

 

----

 

**Certification - Exchange Act Rules 13a-14 and 15d-14**

 

I, Thomas        O’Malley, certify that:

 

1. I have        reviewed this quarterly report on Form 10-QSB of Bexil Corporation (“small business        issuer”);

 

2. Based on        my knowledge, this 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        periods covered by this report;

 

3. Based on        my knowledge, the consolidated financial statements, and other financial information        included in this annual report, fairly present in all material respects the financial        condition, results of operations and cash flows of the small business issuer as of, and        for, the periods presented in this report;

 

4. The        small business issuer'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 control over financial reporting (as defined in Exchange Act        Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:

 

a) Designed        such disclosure controls and procedures, or caused such disclosure controls and procedures        to be designed under our supervision, to ensure that material information relating to the        small business issuer, including its consolidated subsidiaries, is made known to us by        others within those entities, particularly during the period in which this report is being        prepared;

 

b) [omitted        in accordance with SEC Release Nos. 33-8238 and 34-47986];

 

c)        Evaluated the effectiveness of the small business issuer's disclosure controls and        procedures and presented in this report our conclusions about the effectiveness of the        disclosure controls and procedures, as of the end of the period covered by this report        based on such evaluation; and

 

d)        Disclosed in this report any change in the small business issuers internal control over        financial reporting that occurred during the small business issuers most recent fiscal        quarter that has materially affected, or is reasonably likely to materially affect, the        small business issuers’ internal control over financial reporting; and

 

5. The        small business issuer's other certifying officer and I have disclosed, based on our most        recent evaluation of internal control over financial reporting, to the small business        issuer's auditors and the audit committee of small business issuer's board of directors (or        persons performing the equivalent functions):

 

a) All        significant deficiencies and material weaknesses in the design or operation of internal        control over financial reporting which are reasonably likely to adversely affect the small        business issuer's ability to record, process, summarize and report financial information;        and

 

b) Any        fraud, whether or not material, that involves management or other employees who have a        significant role in the small business issuer's internal control over financial        reporting.

 

 

Date:        August 14, 2007

/s/        Thomas O’Malley

Chief        Financial Officer