LAND AND BUILDINGS

3 Months Ended

Dec. 31, 2011

Notes to Financial Statements

LAND AND BUILDINGS

NOTE 4 - LAND AND BUILDINGS :

The Land owned by the Company's wholly owned subsidiary constitutes the largest asset of the Company. During the period ending December 31, 2011 the Company recorded no change in the value of the Land. The value of the Land of the Company was as follows:

	Value of Land,
	December 31,	June 30,
	2011	2011	2010
US Dollars	$622,642	$622,642	$525,000