MR. CHAIRMAN AND MEMBERS OF THE BOSTON SOCIETY OF SECURITY ANALYSTS: I am pleased to have the privilege of appearing before you today, especially so for a reason I shall later explain. I am also delighted to share this program time with my esteemed associate, George Eccles. As our new Governor from California might put it, "George, here we are on the early show again." At the close of our last Directors' meeting in December, one of the Directors said to the Board that he had previously been under the impression that Utah Construction & Mining Co. after being in business for 67 years and plying its trade in 27 countries on 5 continents, was well and favorably known throughout the civilized non-communist world, only to learn that such was not the case, at least in Boston. He offered in evidence a letter from one of your famous investment counseling firms written to a new client who was one of our shareholders. It dismissed our company by saying "We do not have enough information to make a meaningful judgment" and placing it in the "also hold" category, which was the honorable thing to do in the circumstances. The blow was no less bitter to me when the counsel confessed that they had taken two quick looks at the company on earlier occasions, but concluded not to pursue the subject, nor was the pain completely eliminated when they quoted their investigator by saying, "This fellow thought, that on the face of it, the management looked competent and the company seemed to be a well conceived operation. Certainly the recent