text: **10. PROPERTY, PLANT AND**
  
  **EQUIPMENT**
  
  Leasehold buildings and improvements 
  Independent valuation 1998 
  Accumulated depreciation 
  
  8,500,000 
  (302,619) 
  8,197,381  8,500,000 
  (100,319) 
  8,399,681 
  
  Leasehold buildings and improvements 
  under construction 
  At cost 
  Accumulated depreciation 
  
  1,485,886 
  (373) 
  1,485,513  538,303 
  (373) 
  537,930 