PROPERTY ON OPERATING LEASES

3 Months Ended

Jul. 31, 2011

PROPERTY ON OPERATING LEASES [Text Block]

13. PROPERTY ON OPERATING LEASES

    A schedule of the Company’s property on operating leases at July 31, 2011 is as follows (000's omitted):

						Current Year
						(Retirements
		Historical Cost				Additions							Carrying
				Bldgs. &				Bldgs. &		Accum.			Value
Description (1)		Land		Imprvmts.		Land		Imprvmts.		Depr.			07/31/11
New York office Leasehold assets	$	0	$	8	$	0	$	0	$	(8	)	$	0
9 acres of land in Omaha, NE Acquired in 1976		1,150		21		0		14		(19	)		1,166
3 acres of land in S. St. Paul, MN Acquired in 1937		10		485		0		0		(462	)		33
4 acres of land in Sioux City, IA Acquired in 1937		475		0		0		0		0			475
	$	1,635	$	514	$	0	$	14	$	(489	)	$	1,674

Substantially all of Canal’s real property is pledged as collateral for its related party debt obligations.