| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WOODS & DURHAM, CHARTERED | 5,910 | 5,910 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| NTB ADVISERS | 378,151 | 561,607 |
| VAN ECK GOLD RESOURCES FUND | 49,925 | 80,963 |
| MERRILL LYNCH PIERCE | 115,767 | 193,995 |
| LEXINGTON CORP PROPERTIES | 25,529 | 25,529 |
| MORGAN STANLEY SMITH BARNEY | 358,730 | 599,751 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND - RUSSELL | 23,692 | 0 | 23,692 | 650,000 |
| LAND - PANAMA | 210,000 | 0 | 210,000 | 120,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OIL ROYALTIES | 0 | 0 | 20,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MISCELLANEOUS EXPENSE | 188 | 188 | 0 | |
| BROKER FEES | 325 | 325 | 0 | |
| BANK CHARGES | 1,215 | 1,215 | 0 | |
| PROJECT REVIEW EXPENSE | 3,210 | 0 | 3,210 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTY INCOME | 9,325 | 9,325 | 9,325 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 49 | 49 | 0 | |
| PROPERTY TAX | 833 | 833 | 0 | |
| SEVERENCE TAX | 303 | 303 | 0 | |
| REAL ESTATE TAX | 4,329 | 4,329 | 0 |