SRD will issue 5-year non transferable corporate bonds to suitably qualified investors via their IFA. SRD will advance the proceeds of the bon issue in toe form of a loan to the UK Property and Land Specialists Limited (‘UKPALS”), an English company. UKPALS will use the funds that are lent to it to acquire residential property (mainly in countries in Southern England), to apply for planning permission and thereby seek to increase the value of the property purchased. UKPALS will then sell the properties. UKPALS will use the proceeds derived from the sale of such properties to service the interest on, and repay, the loan made to it by SRD. SRD will use the interest payments and the loan repayments to pay interest on, and redeem, the bonds when due.