LAND AND BUILDINGS

12 Months Ended

Jun. 30, 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 June 30, 2012 the Company recorded an decrease in the value of the Land of $63,319 due to the fluctuation in the currency of the dollar. The value of the Land of the Company was as follows:

	Value of Land, June 30,
	2012	2011
US Dollars	$559,322	$622,642