Land and Buildings

3 Months Ended

Sep. 30, 2016

Notes to Financial Statements

4. LAND AND BUILDINGS

The Land owned by the Company's wholly owned subsidiary constitutes the largest asset of the Company. During the 3 month period ending September 30, 2016 the Company recorded an increase in the carrying value of the Land of $14,071 due to the currency translation difference. The carrying value of the Land of the Company was as follows:

	Carrying Value of Land at
	September 30, 2016		June 30, 2016
US Dollars	$	609,351	$	595,280