| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Mesabi MSB | 0 | 0 | 0 | 448 | 448 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Alumina Inc. | 0 | 0 |
| Buenaventura Ltd. | 0 | 0 |
| Howmet Inc. | 0 | 0 |
| Barrick Gold | 11,944 | 17,420 |
| Mesabi Trust | 43,497 | 72,803 |
| Flaherty & Crumrine Inc. | 71,946 | 62,370 |
| Newmont Mining | 28,485 | 49,925 |
| Duke Energy preferred | 62,151 | 61,801 |
| Loomis Sayles Bond Instl | 225,050 | 225,738 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Other expenses | 164 | 164 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Royalties | 10,788 | 10,788 | 0 |
| Description | Amount |
|---|---|
| Other increases | 5,248 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Professional fees | 713 | 713 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Taxes | 308 | 308 | 0 | 0 |