PROPERTY ON OPERATING LEASES

3 Months Ended

Jan. 31, 2012

PROPERTY ON OPERATING LEASES [Text Block]

12. PROPERTY ON OPERATING LEASES

A schedule of the Company’s property on operating leases at January 31, 2012 is as follows (000’s omitted):

						Current Year
						(Retirements
		Historical Cost				Additions							Carrying
				Bldgs. &				Bldgs. &		Accum.			Value
Description (1)		Land		Imprvmts.		Land		Imprvmts.		Depr.			01/31/12
New York office Leasehold assets	$	0	$	8	$	0	$	0	$	(8	)	$	0
9 acres of land in Omaha, NE Acquired in 1976		1,150		35		0		0		(20	)		1,165
3 acres of land in S. St. Paul, MN Acquired in 1937		10		485		0		0		(473	)		22
4 acres of land in Sioux City, IA Acquired in 1937		475		0		0		0		0			475
	$	1,635	$	528	$	0	$	0	$	(501	)	$	1,662

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