1957

              1957
No additional lands were acquired for development and resale during 1957.
However, Utah took over the 50% interest of its partner in the original
340 acre industrial development in South San Francisco and was then the
sole owner and developer.
South Shore of Alameda
During the year the filling of 374 acres of hydraulic dredging was
completed under contract with a California Reclamation District within
whose boundaries our property was situated.   The project was financed
by a public bond issue which was purchased by the parent company.   Two
subsidiary companies were formed.   Sixty-six acres of commercial
land were transferred to South Shore Center, Inc., and 308 acres of
residential land to the South Shore Land Co.
South San Francisco Industrial Property
During 1956 and 1957 approximately 1,100,000 yards of fill
were placed by shovel and truck, making 150 acres of formerly submarginal land available for sale and use.
Mining 
The Iron Hill iron ore deposit in British Columbia, operated by
a wholly-owned subsidiary, was exhausted during the year and shipments
were therefore terminated.
During 1957 Utah had:
60% interest in Lucky Mc
25% interest in Pima Mining Company
41. 25% interest in Marcona Mining Company
Personnel
Mr. Guy V. Sperry was elected as Vice President and Chief Engineer,
and Mr. John M. Horrigan as Secretary.   A Mr. M. C. Strittmatter was
appointed as Director of the Department of Personnel Relations.