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| | | VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY |
NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
Kinder Morgan Inc | COM | 49456B101 | 394 | 26,138 | SH | | SOLE | | 26,138 | 0 | 0 |
Newfield Exploration Co. | COM | 651290108 | 438 | 17,928 | SH | | SOLE | | 17,928 | 0 | 0 |
Aflac Inc Com US$0.10 | COM | 001055102 | 480 | 10,976 | SH | | SOLE | | 10,976 | 0 | 0 |
Goodyear Tire & Rubber Co Com | COM | 382550101 | 583 | 21,948 | SH | | SOLE | | 21,948 | 0 | 0 |
General Electric Co of America Com US$0.06 | COM | 369604103 | 623 | 46,212 | SH | | SOLE | | 46,212 | 0 | 0 |
Eversource Energy | COM | 30040W108 | 626 | 10,627 | SH | | SOLE | | 10,627 | 0 | 0 |
OGE Energy Corporation Com US$0.01 | COM | 670837103 | 648 | 19,780 | SH | | SOLE | | 19,780 | 0 | 0 |
Mondelez Intl Inc Com US$0.01 | CL A | 609207105 | 714 | 17,106 | SH | | SOLE | | 17,106 | 0 | 0 |
Sysco Corp Com US$1.00 | COM | 871829107 | 763 | 12,731 | SH | | SOLE | | 12,731 | 0 | 0 |
Gilead Sciences Com US$0.001 | COM | 375558103 | 793 | 10,525 | SH | | SOLE | | 10,525 | 0 | 0 |
International Paper Co Com US$1.00 | COM | 460146103 | 802 | 15,014 | SH | | SOLE | | 15,014 | 0 | 0 |
Paccar Inc US$1 | COM | 693718108 | 804 | 12,153 | SH | | SOLE | | 12,153 | 0 | 0 |
Southern Copper Corporation Com US$0.01 | COM | 842587107 | 815 | 15,049 | SH | | SOLE | | 15,049 | 0 | 0 |
eBay Inc Com US$0.001 | COM | 278642103 | 818 | 20,329 | SH | | SOLE | | 20,329 | 0 | 0 |
Corning Inc Com US$0.50 | COM | 219350105 | 842 | 30,193 | SH | | SOLE | | 30,193 | 0 | 0 |
Progressive Corp Com US$1 | COM | 743315103 | 869 | 14,265 | SH | | SOLE | | 14,265 | 0 | 0 |
Merck & Co Inc Com US$0.50 | COM | 58933Y105 | 885 | 16,240 | SH | | SOLE | | 16,240 | 0 | 0 |
Centerpoint Energy Com | COM | 15189T107 | 898 | 32,765 | SH | | SOLE | | 32,765 | 0 | 0 |
Powershares Variable Rate Preferred Portfolio Fund (ETF) | VAR RATE PFD POR | 73937B597 | 921 | 36,600 | SH | | SOLE | | 36,600 | 0 | 0 |
Eli Lilly & Co Com | COM | 532457108 | 925 | 11,962 | SH | | SOLE | | 11,962 | 0 | 0 |
Steel Dynamics Inc Com US$0.01 | COM | 858119100 | 933 | 21,103 | SH | | SOLE | | 21,103 | 0 | 0 |
CDW Corporation Com US$0.01 | COM | 12514G108 | 934 | 13,290 | SH | | SOLE | | 13,290 | 0 | 0 |
Oracle Corporation Com US$0.01 | COM | 68389X105 | 1,072 | 23,425 | SH | | SOLE | | 23,425 | 0 | 0 |
TJX Cos Inc Com US$1 | COM | 872540109 | 1,095 | 13,426 | SH | | SOLE | | 13,426 | 0 | 0 |
ON Semiconductor US$0.01 | COM | 682189105 | 1,138 | 46,520 | SH | | SOLE | | 46,520 | 0 | 0 |
Abbott Laboratories Com | COM | 002824100 | 1,212 | 20,222 | SH | | SOLE | | 20,222 | 0 | 0 |
Wells Fargo & Co Com US$1 2/3 | WELLS FG PFD ETF | 949746101 | 1,212 | 23,132 | SH | | SOLE | | 23,132 | 0 | 0 |
Procter & Gamble Co Com | COM | 742718109 | 1,230 | 15,520 | SH | | SOLE | | 15,520 | 0 | 0 |
AbbVie Inc | COM | 00287Y109 | 1,235 | 13,044 | SH | | SOLE | | 13,044 | 0 | 0 |
Applied Materials COM US$0.01 | COM | 038222105 | 1,303 | 23,430 | SH | | SOLE | | 23,430 | 0 | 0 |
Comcast Corp Com Class 'A' US$1.00 | CL A | 20030N101 | 1,335 | 39,060 | SH | | SOLE | | 39,060 | 0 | 0 |
PayPal Holdings Inc Com US$0.0001 | COM | 70450Y103 | 1,404 | 18,502 | SH | | SOLE | | 18,502 | 0 | 0 |
Walt Disney Company Disney Com US$0.01 | COM DISNEY | 254687106 | 1,451 | 14,450 | SH | | SOLE | | 14,450 | 0 | 0 |
Philip Morris International Com | COM | 718172109 | 1,629 | 16,384 | SH | | SOLE | | 16,384 | 0 | 0 |
Cisco Systems Com US$0.001 | COM | 17275R102 | 1,803 | 42,037 | SH | | SOLE | | 42,037 | 0 | 0 |
Old Dominion Freight Line, Inc Com US$0.10 | COM | 679580100 | 1,883 | 12,812 | SH | | SOLE | | 12,812 | 0 | 0 |
Taiwan Semiconductor Manufacturing ADS Rep 5 Ord TW$10 | SPONSORED ADR | 874039100 | 2,066 | 47,215 | SH | | SOLE | | 47,215 | 0 | 0 |
Johnson & Johnson Com US$1.00 | COM | 478160104 | 2,159 | 16,847 | SH | | SOLE | | 16,847 | 0 | 0 |
American Express Co Com US$0.20 | COM | 025816109 | 2,179 | 23,358 | SH | | SOLE | | 23,358 | 0 | 0 |
Cadiz Inc Com US$0.01 | COM NEW | 127537207 | 2,191 | 162,318 | SH | | SOLE | | 162,318 | 0 | 0 |
Church & Dwight Com US$1 | COM | 171340102 | 2,498 | 49,600 | SH | | SOLE | | 49,600 | 0 | 0 |
SPDR Gold Trust Shares | GOLD SHS | 78463V107 | 3,301 | 26,241 | SH | | SOLE | | 26,241 | 0 | 0 |
JP Morgan Chase Com US$1 (US quote) | COM | 46625H100 | 4,080 | 37,098 | SH | | SOLE | | 37,098 | 0 | 0 |
Occidental Petroleum Corp Com US$0.20 USA (Regd) | COM | 674599105 | 5,602 | 86,234 | SH | | SOLE | | 86,234 | 0 | 0 |
ETFS Physical Swiss Gold (NUK) Shares US$ | SHS | 26922Y105 | 5,775 | 45,005 | SH | | SOLE | | 45,005 | 0 | 0 |
Pfizer Inc Com US$0.05 | COM | 717081103 | 5,838 | 164,501 | SH | | SOLE | | 164,501 | 0 | 0 |
Colgate-Palmolive Co Com US$1.00 | COM | 194162103 | 6,199 | 86,480 | SH | | SOLE | | 86,480 | 0 | 0 |
American Tower Corporation Com US$0.01 | COM | 03027X100 | 6,936 | 47,722 | SH | | SOLE | | 47,722 | 0 | 0 |
Exxon Mobil Corporation Com | COM | 30231G102 | 8,372 | 112,207 | SH | | SOLE | | 112,207 | 0 | 0 |
Verizon Communications Com US$0.10 | COM | 92343V104 | 10,636 | 222,420 | SH | | SOLE | | 222,420 | 0 | 0 |
Korea Electric Power Corporation ADR SPON Each Rep 0.5 Com | SPONSORED ADR | 500631106 | 11,088 | 720,446 | SH | | SOLE | | 720,446 | 0 | 0 |
S&P Global Inc | COM | 78409V104 | 14,868 | 77,820 | SH | | SOLE | | 77,820 | 0 | 0 |
Owens-Illinois, Inc | COM NEW | 690768403 | 21,032 | 971,003 | SH | | SOLE | | 971,003 | 0 | 0 |
British American Tobacco Ord 25p ADR | SPONSORED ADR | 110448107 | 25,083 | 434,783 | SH | | SOLE | | 434,783 | 0 | 0 |
Alphabet Inc US$0.001 'C' | CAP STK CL C | 02079K107 | 32,078 | 31,090 | SH | | SOLE | | 31,090 | 0 | 0 |
Time Warner Inc Com US$0.01 | COM NEW | 887317303 | 34,966 | 369,695 | SH | | SOLE | | 369,695 | 0 | 0 |
Salesforce.com Inc Com US$0.001 | COM | 79466L302 | 35,893 | 308,621 | SH | | SOLE | | 308,621 | 0 | 0 |
Marsh & McLennan Cos Inc Com US$1.00 | COM | 571748102 | 39,058 | 472,915 | SH | | SOLE | | 472,915 | 0 | 0 |
Union Pacific Corporation Com US$2.50 | COM | 907818108 | 49,764 | 370,182 | SH | | SOLE | | 370,182 | 0 | 0 |
Activision Blizzard Inc Com US$0.000001 | COM | 00507V109 | 63,663 | 943,717 | SH | | SOLE | | 943,717 | 0 | 0 |
Berkshire Hathaway 'B' Com US$0.1667 | CL B NEW | 084670702 | 64,397 | 322,822 | SH | | SOLE | | 322,822 | 0 | 0 |
US Bancorp US$0.01 | COM NEW | 902973304 | 71,833 | 1,422,443 | SH | | SOLE | | 1,422,443 | 0 | 0 |
EOG Resources Inc | COM | 26875P101 | 75,519 | 717,387 | SH | | SOLE | | 717,387 | 0 | 0 |
Baidu Inc ADS Each Repr 0.10 Ord Class 'A' Share | SPON ADR REP A | 056752108 | 76,954 | 344,792 | SH | | SOLE | | 344,792 | 0 | 0 |
Honeywell International Inc Com US$1.00 | COM | 438516106 | 78,039 | 540,023 | SH | | SOLE | | 540,023 | 0 | 0 |
Biogen Inc Com US$0.0005 | COM | 09062X103 | 81,546 | 297,807 | SH | | SOLE | | 297,807 | 0 | 0 |
Schlumberger Com US$0.01 | COM | 806857108 | 84,131 | 1,298,725 | SH | | SOLE | | 1,298,725 | 0 | 0 |
Visa Inc Com Stock US$0.0001 | COM CL A | 92826C839 | 91,568 | 765,493 | SH | | SOLE | | 765,493 | 0 | 0 |
Alphabet Inc US$0.001 'A' | CAP STK CL A | 02079K305 | 95,256 | 91,845 | SH | | SOLE | | 91,845 | 0 | 0 |
Becton Dickinson Com US$1 | COM | 075887109 | 97,626 | 450,512 | SH | | SOLE | | 450,512 | 0 | 0 |
Lockheed Martin Corp Com US$1.00 | COM | 539830109 | 98,045 | 290,135 | SH | | SOLE | | 290,135 | 0 | 0 |
Apple Inc Com | COM | 037833100 | 110,196 | 656,787 | SH | | SOLE | | 656,787 | 0 | 0 |
Amazon.com Inc Com US$0.01 | COM | 023135106 | 120,629 | 83,345 | SH | | SOLE | | 83,345 | 0 | 0 |
Microsoft Corporation Com US$0.0000125 | COM | 594918104 | 129,634 | 1,420,340 | SH | | SOLE | | 1,420,340 | 0 | 0 |