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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                                (Amendment No. 3)*


                          Selas Corporation of America
--------------------------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    816119101
--------------------------------------------------------------------------------
                                 (CUSIP Number)


Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).


* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


                               Page 1 of 8 pages


CUSIP No.816119101                     13G                   Page 2  of 5 Pages


________________________________________________________________________________
1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     The Trust Company of New Jersey
     22-1337980

________________________________________________________________________________
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  [_]
                                                                 (b)  [_]

________________________________________________________________________________
3.   SEC USE ONLY



________________________________________________________________________________
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     New Jersey

________________________________________________________________________________
  NUMBER OF    5.   SOLE VOTING POWER

   SHARES           463,700
               _________________________________________________________________
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY          -0-
               _________________________________________________________________
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING         463,700
               _________________________________________________________________
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH            -0-
________________________________________________________________________________
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     463,700

________________________________________________________________________________
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*



________________________________________________________________________________
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     9.05%

________________________________________________________________________________
12.  TYPE OF REPORTING PERSON*

     BK

________________________________________________________________________________
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!




                                                               Page 3 of 5 Pages


                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                                (Amendment No. 3)


     Check the following box if a fee is being paid with this statement: / /


           Item 1. (a) Name of Issuer:

                          Selas Corporation of America

            Item 1 (b) Address of Issuer's Principal

    Executive Offices:
                       2034 South Limekiln Pike
                       Dresher, PA  19025

             Item 2(a) Name of Person Filing:

                       The Trust Company of New Jersey

             Item 2(b) Address of Principal Business Office
or, if none, Residence:

                       35 Journal Square
                       Jersey City, New Jersey 07306

             Item 2(c) Citizenship:

                       New Jersey

             Item 2(d) Title of Class of Securities:

                       Common Stock

             Item 2(e) CUSIP Number:

                       816119101



                                                               Page 4 of 5 Pages


             Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:

                  Bank as defined in Section 3(a)(6) of the Act.

             Item 4. Ownership.

             If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.

             (a) Amount Beneficially Owned: 463,700

             (b) Percent of Class: 9.05%

             (c) Number of shares as to which the person has:

                 (i)   sole power to vote or to direct the vote:

                               463,700

                 (ii)  shared power to vote or to direct the vote:

                              -0-

                 (iii) sole power to dispose or to direct the
                       disposition of:

                              463,700

                 (iv)  shared power to dispose or to direct the
                       disposition of:

                              -0-


             Item 5. Ownership of Five Percent or Less of a Class.

                              Not Applicable

             Item 6. Ownership of More than Five Percent on Behalf of Another
Person.

                              Not Applicable




                                                               Page 5 of 5 Pages


             Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on By the Parent Holding Company.

                              Not Applicable

             Item 8. Identification and Classification of Members of the Group.

                              Not Applicable

             Item 9. Notice of Dissolution of Group.

                              Not Applicable


             Item 10. Certification.

             The following certification shall be included if the statement is
filed pursuant to Rule 13d-1(b).

             By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of or as a participant in any
transaction having that purpose or effect.

             After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.



                                   2/6/04
                                   --------------------------------------------
                                   Date

                                   THE TRUST COMPANY OF NEW JERSEY


                                   By:  /s/ Gregory J. Dubnansky
                                       -----------------------------------------
                                       Signature

                                   Gregory J. Dubnansky, Senior Vice President
                                   and Trust Officer
                                   ---------------------------------------------
                                   Name/Title



               ATTENTION:     Intentional misstatements or
                              omissions of fact constitute
                              Federal criminal violations
                              (See 18 U.S.C. 1001)