In a medium pan, melt the butter on a gentle heat and add the rice.
Saute the rice for three minutes then add the water and soy sauce.
Bring to a very gentle simmer and place the lid on the pan.
On the lowest flame possible, cook the rice for approximately 15 minutes or until all of the liquid is absorbed then turn off the flame.
While the rice is cooking, saute the bacon in a frying pan. When the bacon has a little colour, add the capsicum and stir fry until just tender. Lastly add the spring onion and continue to cook for two minutes.
Add the bacon and vegetables to the cooked rice. Stir well to combine and serve.
I generally use a little less soy sauce than the recipe says and top up the required 1/4 cup with extra water. Make sure you have a total of 1 1/2 cups of liquid .