LAND AND BUILDINGS

3 Months Ended

Mar. 31, 2012

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 March 31, 2012 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,
	March 31,	June 30,
	2012	2011	2010
US Dollars	$622,642	$622,642	$525,000