ROYALTY AGREEMENT, UNALLOCATED RESERVE AND DISTRIBUTIONS (Tables)

3 Months Ended

Apr. 30, 2018

UNALLOCATED RESERVE AND DISTRIBUTIONS

Schedule of unallocated cash and U.S. Government securities portion of the Trust's Unallocated Reserve

	April 30, 2018 (unaudited)		January 31, 2018
Cash and U.S. Government securities	$	11,345,274	$	24,112,286
Distribution payable		(5,904,005)		(15,481,612)
Unallocated cash and U.S. Government securities	$	5,441,269	$	8,630,674

Schedule of reconciliation of Trust's Unallocated Reserve

Unallocated Reserve, January 31, 2018	$	10,606,675
Net income		6,315,848
Distributions declared		(5,904,005)
Unallocated Reserve, April 30, 2018	$	11,018,518