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            &lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"&gt;No

            value has been assigned to the land held by the Trust

            other than parcels which have been acquired through

            foreclosure and a limited number of parcels which have

            been acquired because they were offered for sale and

            were contiguous to parcels already owned by the Trust.

            Consequently, no allowance for depletion is computed,

            and no charge to income is made, with respect thereto,

            and no cost is deducted from the proceeds of the land

            sales in computing gain or loss thereon.&lt;/font&gt;

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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 -Name Accounting Standards Codification

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