| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AKZO NOBEL | 10,610 | 19,020 |
| AMERICAN EXPRESS COMPANY | 34,915 | 65,870 |
| AMERICAN NATIONAL INSURNACE CO | 23,816 | 33,789 |
| CISCO | 28,409 | 34,094 |
| JOHNSON & JOHNSON | 81,876 | 126,394 |
| LEUCADIA NATIONAL CORP | 9,738 | 21,850 |
| NOVARTIS | 34,433 | 62,295 |
| NATIONAL WESTERN LIFE | 14,835 | 26,826 |
| NESTLE SA-SPONSORED ADR | 74,352 | 92,808 |
| NORFLOK SOUTHERN CORP. | 0 | 0 |
| PHILLIP MORRIS INTERNATIONAL | 16,998 | 29,276 |
| TORCHMARK CORP | 15,012 | 31,651 |
| DIAGEO PLC-SPONSORED ADR | 36,192 | 65,018 |
| HEINEKEN HOLDINGS 'A' ADRS | 24,822 | 28,119 |
| HEINEKEN NV ADR | 17,113 | 29,419 |
| JEFFERIES GROUP INC. | 0 | 0 |
| UNIFIRST CORPORATION | 9,105 | 24,075 |
| WAL-MART STORES INC | 18,111 | 31,083 |
| UNILEVER NV | 58,432 | 78,770 |
| COCA-COLA FEMSA | 0 | 0 |
| CONOCOPHILLIPS | 18,981 | 30,380 |
| DEVON ENERGY CORPORATION | 51,616 | 61,870 |
| EMERSON ELECTRIC | 16,708 | 33,686 |
| 3M COMPANY | 12,846 | 36,465 |
| UNION PACIFIC | 5,816 | 25,200 |
| ROYAL DUTCH SHELL | 26,019 | 29,506 |
| HENRY SCHEIN INC | 0 | 0 |
| BANK OF NEW YORK MELLON | 41,904 | 71,627 |
| BAXTER INTERNATIONAL | 29,476 | 49,033 |
| TOTAL SA | 65,790 | 75,975 |
| BROWN & BROWN | 0 | 0 |
| MASTERCARD | 15,242 | 62,660 |
| WELLS FARGO & COMPANY | 43,222 | 76,499 |
| BERKSIRE HATHAWAY INC DEL | 0 | 57,383 |
| COMCAST CORP | 0 | 44,343 |
| GOOGLE INC | 0 | 0 |
| HSBC HOLDINGS PLC | 17,611 | 22,603 |
| HALLIBURTON CO | 18,714 | 29,688 |
| PHILLIPS 66 | 0 | 16,583 |
| JOY GLOBAL, INC. | 26,101 | 27,490 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| TWEEDY BROWNE GLOBAL VALUE FUN | 291,572 | 344,503 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOLEY & LARDNER, LLP | 727 |
| Description | Amount |
|---|---|
| NONDEDUCTIBLE EXPENSES | 240 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX EXPENSE | 2,579 | 2,579 | ||
| MANAGEMENT FEE | 20,313 | 20,313 | ||
| BANK FEES | 226 | 226 | ||
| FILING FEE | 1,917 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO TO SHAPIRO FAMILY GST | 27,081 | 27,081 |