<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> APR-30-1997 <PERIOD-END> OCT-31-1996 <CASH> 6,243,730 <SECURITIES> 8,550,380 <RECEIVABLES> 9,838,652 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 24,906,143 <PP&E> 18,231,940 <DEPRECIATION> (285,654) <TOTAL-ASSETS> 43,418,079 <CURRENT-LIABILITIES> 3,180,858 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 104,995 <OTHER-SE> 37,956,531 <TOTAL-LIABILITY-AND-EQUITY> 43,418,079 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,660,752 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 49,767 <INCOME-PRETAX> 14,152,353 <INCOME-TAX> 1,000,000 <INCOME-CONTINUING> 13,152,353 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 13,152,353 <EPS-PRIMARY> 1.15 <EPS-DILUTED> 1.15