2014 2015 sydney llewllyn milner corporation annual report

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Sydney Llewllyn Milner Corporation 2014-2015 ANNUAL REPORT

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1 PBSYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT JUNE 21, 2015

Sydney Llewllyn Milner Corporation

2014-2015 ANNUAL REPORT

2 PBSYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT JUNE 21, 2015

NOTE: This year’s new Manga edition theme is inspired by the Corporation’s — and especially the Chairman’s — new interest in all things Japanese.

2SYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT

June 21, 2015

Dear Shareholders,

Konnichiwa!

As always, it is my pleasure invite you to peruse the pages of our yearly recap of activities and accomplishments. Our management team has worked long and hard to maintain the high standards that you have come to expect for the operation and success of this complex organization.

Once again, our Employee of the Year has, by his unceasing determination, love and hard work, kept the gold in his own, ever capable hands. Fourteen years running and without even a close competitor for this coveted award, James “Daddy” Milner is at the top of the podium once again! Management will have to consider erecting a permanent monument to his unswerving dedication. We salute him today and into the future...

Arigatou Gozaimasu!

Sydney Llewellyn MilnerChairman of the Board

3 PBSYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT JUNE 21, 2015

4 PBSYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT JUNE 21, 2015

When does the possession of knowledge carry ethical responsibility?

by Sydney Milner Ethics, by definition, involves the moral choices that are made by an individual. Without

a doubt, knowledge always carries ethical responsibilities. But what matters most is how

you incorporate your personal ethics into your actions. The situations can be big or small,

and possibly even involve legal issues that might conflict with your individual ideas of right

and wrong. There are many possible outcomes to achieve with your knowledge, but you

have to think about the right choices. The possession of knowledge carries an ethical responsibility in the manner that you use

it. You must be sure that the knowledge is not being used in a harmful way. Edward

Snowden broke the law by releasing classified information, while trying to maintain what

he felt was his ethical responsibility to the public. While some consider him a traitor, others

call him a hero. The ethics are not always obvious. In another example, you might have a situation where a pregnant girl who is under 18

asks the doctor to not tell her parents because they might throw her out of the house. The

law says they must be informed. The doctor has to decide if he wants to violate the law and

a family’s values. Conversely, if she were just over 18 and not in a position to make good

decisions, he would have the opposite choice. There is the law and there are the human

issues. The doctor, in deciding his ethical responsibility, has the option to go against the

girl’s wishes, and against the law, or to keep the secret. Again, it is not an easy decision to

make. Are there objective ethical rules, or does every moral judgment depend on the

circumstances? Ethical responsibilities lie in making good use of knowledge. Smaller issues

might involve keeping a secret. Your friend could be smoking and she asked you not to tell

her parents, that it's a secret. You have an ethical responsibility to choose between the

health of your friend, or telling her parents. That could end up with her not liking you. Or,

you could keep the secret, to not lose her trust and friendship. In certain circumstances, you

might have to go against your ethics and responsibility because of the law, or your parents.

4SYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT

5 PBSYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT JUNE 21, 2015

Three short weeks later our chairman

was off to Paris where she did keep

in touch with a few well placed text

messages. (not too much reminding

needed...) The FAIS website was

scoured daily for photos showing a

glimpse of our Chairman and her

associates on their travels around

Paris.

During the spring quarter, the

Chairman took an uncharacteristic step

out of her comfort zone and volunteered

to participate, with about 18 other

Middle School students, in a theatrical

performance: Toussaint Louverture:

The Story of the Only Successful Slave

Revolt in History by C.L.R. James. This

activity enabled our Chairman to take

yet another school sanctioned junket

out of town to Dallas, Texas for the

Dallas Multilingual Theater Festival- an

event open only to Bi-lingual schools

around the country. Her part was not

long... General Morino of Spain and

Slave #3... so memorization was not

too much of a chore... but at least not

buried in costume so deep that we

could not see her! (see annual report

from 2008..)

We are still navigating a complex

schedule, but the Chairman seems to

have finally gotten the hang of things

this year and is coping well with the

diversity of subjects crammed into

each week’s schedule.

M. Dufresnes has been difficult in

French, but balanced by a new joy

in the sciences and math, and a love

of Mr. J, her English teacher, the

Chairman has accomplished much.

Receiving the nod from the science

department, her science fair project

moved on to the larger production at

the Randall Museum garnering her a

wonderful 4th place in the city-wide

competition. We are so proud of her!

Our chairman participated in the 8th

grade “trial by fire” of SSAT exams,

looking at high schools, writing essays

and applying for one outside (Urban)

making her Odyssey... even though she

was pretty certain that International

was the place she wanted to be.

Now that next year’s venue is

determined, she is currently deciding

whether to finish the French track in

9th grade by completing the Brevet.

Eighth grade at FAIS is the year for

the traditional Paris student exchange

and the chairman was again fortunate

to get an exceptionally sweet girl -

Marie Millet for her correspondent.

We enjoyed a fast moving 2 weeks with

her in San Francisco - introducing her

to our favorite Sushi Boat restaurant,

Japantown in general, high tea at

Nieman Marcus and a day at La Ferme

Soleil, to name just a few high points.

Moving into our last year of Middle School has brought new challenges, but also great rewards.

conntinued on pg.10

5JUNE 21, 2015

6 PBSYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT JUNE 21, 2015

Arrival in Paris en Beaute! Scott Paton 3/29/2015

02:56PM

Pleased to say that we enjoyed a very pleasant flight to

Paris. Our students were terrific: very cooperative and

respectful of all on board. I'm not sure that many got

much sleep, but hopefully everyone will have had an

opportunity to catch up tonight.

We look forward to the start of our visits tomorrow. The

local news is dominated by the Departmental Elections in

the second round today and that will offer us ripe fruit for

discussion and for further questioning about the French in

2015.

Spirits are high all around! Thanks for your support.

SCHEDULE OF ACTIVITIES FOR FAIS STUDENTS IN PARIS: NOTRE DAME DE SION GROUP. 19 students + 2 chaperones

Arrival in Paris: March 29th 2015 at 11:35am Teachers: Scott Paton and Caroline Boussenot.

MONDAY MARCH 30TH TUESDAY MARCH 31ST WEDNESDAY APRIL 1ST THURSDAY APRIL 2ND FRIDAY APRIL 3RD

8:15am: Arrive in school

8:30-9:00 Welcome by M. Tous-

saint, M. Olivero and Marie-Laure

Durand-Appert. Breakfast and group

picture.

9:30-11:00 visit of the SENATE

11:30- 12:30 QUARTIER LATIN (Jar-

din de Luxembourg, Le Panthéon, Le

Lycée Louis Le Grand, La Sorbonne,

Musée de Cluny, Place Saint Michel,

Place Saint André des Arts, Rue de

la Huchette, Eglise Saint Séverin,St

Julien Le Pauvre…

12:30-1:30pm Picnic Lunch in No-

tre-Dame

2:00pm OPEN TOUR bus around

historical neighborhoods and important

monuments.

3:00p visit of the ARC DE TRIOMPHE

RETURN TO NDS BY 5PM

8:15am: Arrive in school

8:30am depart to EIFFEL TOWER

11:00-12:15 BATEAUX PARISIENS

Seine river cruise

12:30-13:30 Picnic in Champs de Mars

2:30-4:30p MUSEE D’ORSAY

guided visit

RETURN TO NDS BY 5PM

8:15am: Arrive in school

9:00 History Project in the neighbor-

hood (led by Scott Paton)

11:00-12:00 NOTRE DAME DE SION

CATHEDRAL

12:30 Picnic lunch

2:00pm visit of PALAIS DE L’ELYSEE

RETURN TO NDS BY 5PM

8:15am: Arrive in school

FULL DAY IN VERSAILLES

am Visit of the Palace (interior)

Picnic lunch in the park

2:00-4:00pm bike rental and tour of the

gardens

RETURN TO NDS BY 5:30PM

8:15am: Arrive in school

Depart at 8:30 for CIMETIERE DU

PERE LACHAISE. Arrive at Gambetta

station. Guided tour.

Picnic lunch

RETURN TO NDS BY 3PM

MONDAY APRIL 6THTUESDAY APRIL 7TH

WEDNESDAY APRIL 8TH THURSDAY APRIL 9TH

EASTER MONDAY

NO CLASS

STUDENTS WITH THEIR

CORREPONDENT

8:15am: Arrive in school

9:30-11:30 OPERA PALAIS GARNIER

guided tour

12:30- 1:45 picninc lunch at Palais

Royal

2:30-4:30 parcours VICTOR HUGO

RETURN TO NDS BY 5PM

8:15am: Arrive in school

8:30-10:00 History project

10:00 to 12: visit of MONTMARTRE

RETURN TO NDS BY 1PM

Afternoon with correspondent (no

class)

Flight Air France 84 de-

parts 10:40am and ar-

rives in SFO at 1pm

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JUNE 15, 2015

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As we go to press we have just finished

congratulating the Chairman on her

successful graduation from an intense

3 years of FAIS Middle School and

look forward to launching into the

“brave new world” of high school at

International in the fall.

The graduation ceremony took place

on Wednesday, June 10, 2015 at the

SF Conservatory auditorium. There

was not a dry eye in the house as the

graduates stepped up to receive their

hard-earned diplomas.

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Our chairman is determined to

continue to enjoy the excitement and

aerobic benefit she derives from her

weekly soccer practices and games

in the fall and spring seasons. This

year has been no different and she

continues to be a mainstay of the

Seals Blue defensive line making her

consistent, strong back-field kicks as

the games require.

This fall they took advantage of an

unusual eligibility to take part in a

tournament in Palo Alto where they

were able to eke out at least one

victory against teams in a more difficult

league. They were even able to hold

their own playing against their

formidable “sister team,” the upper-

house “Seals Red” - only losing by

two goals...pictured opposite in a

friendly photo after the game.

Spring season continued much as the

fall with many close games... and few

wins. But for the Chairman, it’s the

playing that counts!

JUNE 21, 2015

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Still in the annual activities mix is our

weekly Golden Gate Philharmonic

Orchestra participation and private

violin lessons with the ever patient

master teacher, Jason Totzke. We have

finally graduated to a full size violin

which now stays in tune much longer

and produces a richer, more beautiful

sound. We are well into Suzuki Book

Three and beginning to learn the

intricacies of the vibrato technique. In

addition, we are attempting to learn

how to manage the difficult handling

of the pegs for larger scale tuning on

our own.

The chairman once again participated

in the annual Cazadero retreat in

October, although not accompanied

by the usual corporate entourage who

were otherwise occupied over the

weekend. They did show up, however,

for the final concert and traditional

post-performance ice cream stop in

Guerneville with Samantha.

Our chairman is playing second violin

again this year in the Senior Orchestra

under the ever charming leadership

of master conductor, Miss Donna Lim.

We are hoping to make the move next

year into a first violin chair... but we

will unfortunately be coming off of

a summer of minimal practice due

to foreign corporate commitments.

Senior VP’s have researched the

location of violin tuning in Cambridge

and the Chairman will be taking her

instrument... but will she practice?

14SYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT

The ever-patient maestro, Jason Totzke

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Working on mastering tuning technique without breaking a string. Those pegs are tough to move!

JUNE 21, 2015

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What a winter for skiing! Mother

Nature, for the most of the season,

withheld her snow bounty this year, but

regardless... skiing must go on.

Our VP for Finance, Daddy Milner,

unlocked the coffers in October at the

pre-season orientation and provided

our Chairman with all new, top-of-the-

line boots, Slalom and GS skis to give

her an edge for the upcoming season.

Between what looked like a promising

start in December and prodigious

snow making by all the resorts, we

managed to eke out a full season of

racing. Competitions moved around

from resort to resort chasing the best

snow... continually going higher up on

every mountain as dirt reclaimed the

lower elevations.

Correspondents in San Francisco

and the April return trip to Paris also

wreaked havoc with the Chairman’s

schedule this year.

However, the Chairman made great

strides this year on the mountain,

pushing steadily up the race charts

until she made a breakthrough to the

medals at Squaw Valley in February!

We are currently investigating how we

can squeeze racing into next year’s

packed high school schedule where it

will be difficult to make the out of state

venues — notably the ones in Colorado.

However, the Corporation’s senior

executives have pledged to release

whatever funds are necessary to fly to

destinations — thus possibly reducing

the need to miss valuable school-time.

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Now, if only they made racing skis that looked like these!

JUNE 21, 2015

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Beautiful sunrises like this over old

Route 40 are the reward for getting up

at 5am to get to a 6:30am registration

time for a race at Diamond Peak. With

the unseasonably warm temperatures

we experienced this year, races needed

to be held early... before the snow got

too slushy!

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19JUNE 21, 2015

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Checking-in with friends and watching the time clock at the bottom of the race

Inspecting Mott’s Run at Squaw Valley before the dual GS race

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In the interests of variety and cross-

training, our executives endeavor to

instill the love of a variety of outdoor

activities in our esteemed Chairman. We

try to squeeze in some hikes throughout

the year (so difficult to fit in around the

demands of soccer, skiing and endless

other summer activities). But when the

“stars align” it is memorable and fun!

This past July, in between camps, we

managed to wedge in a long weekend

at Tahoe. The Chairman enlisted

her colleague, Ella More, to join the

junket and we spent the first half of an

incredible full day (8am-3pm) making a

15 mile hike along the Pacific Crest trail

from Sugar Bowl to Squaw Valley. The

pace was intense, with barely a moment

to stop and get one photo off on the trail

while viewing the incredible vistas.

Just a bit tired on achieving our Squaw

destination, we filled our water bottles

and washed our feet in the Plumpjack

pond. Next, we stopped in town to get

a picnic dinner and matching flip flops

for our sore feet... before heading

off to Kings Beach on the eastern

shore of Lake Tahoe for the summer

Shakespeare Festival where we were

to enjoy a rollicking Comedy of Errors.

Up at 7 ready for our trek! Sugar Bowl staging area at the base of Disney lift for our summer season hike. On the Pacific Crest Trail...

Pre-play though, we frolicked on

the beach and did a “please-don’t-

rain” dance... the clouds were very

threatening... but they lifted just in

time!

In the next few days... our group rose

early again to make the annual suit-up

for water skiing on the other side of

the lake with our perennial corporate

partners, the Sullivan’s and Stephens/

Conlon’s. Ella got up on water skis

for the first time and did quite well.

The Chairman also acquitted herself

admirably.

Matching flip-flops...thank you VP “Daddy” Milner!

23 PBSYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT JUNE 21, 2015

Rain threatening our outing...

Once done with water skiing, the group

reconvened at another part of the lake

for some more water sports. Paddling,

rowing and general water play! The

group even took a turn hanging onto

a big tube around Donner pulled by a

power boat the last day on Donner Lake.

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Our classic Mt. Tam hike involving just the inner circle of corporate executives. Getting in shape for the SugarBowl/Squaw Valley hike. Can’t beat the views from the top!

25JUNE 21, 2015

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It’s always a revelation to see the Sugar Bowl trails that we ski all winter without snow. A great joint activity for the SLM corporation executives...!

27JUNE 21, 2015

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Water skiing, paddle boarding and generally fun-in-the-water sports. While “girl-time” was paramount, the Chairman was happy for Richard Conlon to be able to join in on the fun this year!

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Drop off day — a short walk on the beach while waiting. / Meeting our counselors for the voyage. / Our VP gives the head of crew the “3rd degree.”

For an amazing 5 days, our Chairman,

accompanied by fellow marine

enthusiast Olivia Meurk, set sail on the

Voyage Seaward, a classic 82' schooner,

and traveled along the magnificent

Central California coastline around the

Monterrey Bay. Under the guidance of

a professional captain and crew, they

were challenged to become a team by

learning to sail a traditional ship on a

voyage to the sea.

Upon departure, they developed their

sea legs by fully participating in all

aspects of shipboard life - steering,

navigating, and helping in the galley.

Standing watch on assigned shifts in the

wee hours of the night was one of the

highlights of the experience!

They explored physical oceanography,

meteorology, bay and coastal marine

ecology, while learning about the

history and traditions of the sea.

30SYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT

Experiments were performed on board

and the coastline explored in detail.

The weather was pleasant during the

day... but nights were cold! The program

delivered a rich, hands-on academic and

experiential learning opportunity which

our Chairman (and Olivia) are ready to

do once again next summer. Now that

they have one voyage under their belts...

they know better what to pack...

The Chairman is easy to see in the photos with her yellow hat!

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Corporate executives back home

followed the map of their adventured

on-line. (see above.)

The group returned to port tired,

sunburned, accompanied by a huge

bag of laundry and sooooo ready for a

shower!

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While the Chairman had her

share of junkets, for this

fiscal year, the corporate

executives as a group took

just one extended joint trip to

Miami and the Florida Keyes in

August. There, we were united

with senior executive emeritus

Lillian “Grandma” Mandelman

for an event packed six day

jaunt – divided into two parts.

Our first few days were spent

exploring many of the artistic

and cultural venues that Miami

has to offer.

We took a personally guided

tour of downtown Miami an the

sights of South Beach where

we saw the classic buildings

and visited the incredible

Frank Gehry designed

headquarters of the New

World Symphony - summer

home to our own Michael

Tilson Thomas. From there,

we had a luscious Italian lunch

and moved on to discover the

incredible murals of Wynwood

Walls... there was something

for everyone to like!

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35JUNE 21, 2015

The afternoon was capped with a

wild (and very loud!) performance

of a show called “H2Ombre” at

the Adrienne Arsht Center for the

Performing Arts. Amid acrobatics

and hot music, a splashy water

spectacle with myriad elements

descending form the ceilings...

the ocean, a desert, a waterfall,

the starry sky, a man bursting into

flames...!

The group was joined for the first day’s festivities by Debby, who drove Lillian down to Miami from Deerfield Beach.

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Outside... could be mistaken for Venice...Inside... looks just like Versailles... doesn’t it?

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On our own the second day in

Miami, we set out to tour Vizcaya,

the former villa and estate of

businessman James Deering, of

the Deering McCormick-International

Harvester fortune, on Biscayne Bay

in the present day Coconut Grove

neighborhood of Miami.

This early 20th

century estate

included:

extensive

Italian

Renaissance

gardens; native

woodland landscape; and a historic

village outbuildings compound. The

landscape and architecture were

influenced by Veneto and Tuscan

Italian Renaissance models and

designed in the Mediterranean Revival

architecture style, with Baroque

elements. Totally done up as “over-

the-top American businessman wants

to reproduce Europe back home...

style...” (Took a pix and posted it on

Facebook saying we were in Venice...

and everyone believed it!)

Next it was back to Downtown Miami

for some late afternoon culture... La

Boheme at the Olympia Theatre...

trying to get lunch, however, in that

part of town, on a weekend proved to

be quite a challenge... we ended up at

the only place open...Starbucks!

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for lunch — which we filed away for

later use by our other executives.

We later converged outside the

famous museum dedicated to the

explorations of Mel Fisher and his

discovery of the Spanish treasure

ship, the Atocha. What excitement!

What drama! Spanish treasure, slave

ships, underwater archaeology and

more! An amazing find!

Our VP recounted his

exploits working with the Fisher

team... and then proceeds to buy

us a piece of history in the form of

a gorgeous silver “piece of eight”

officially dated, authenticated... and

upgradeable!

The second half of our junket took our

executives on a 120 mile expedition

starting from Miami, South on US

Highway 1, down along the narrow

dots of islands known as the Florida

Keys. Famous for their laid-back

vibe and as a destination for water

sports, we were primed for action...

Lillian was happy to bask in the warm

temperatures... (much improved

from her usual chilly August visit to

California...!)

Miles and miles over the narrowest

of roadways linking the many tropical

islands. Beautiful terrain mixed with

roadside shacks. Bands of variegated

blue water and blue skies with

wondrous cloud formations...

Our first day was spent exploring the

colorful island of Key West. While our

senior VP was checking out the island

from the water on a Jet Ski, the rest

of the coterie investigated the town

on foot. Ever vigilant, our Chairman

discovered a gluten free restaurant

After a sweltering day in Key West,

we boarded our bus an had the

accommodating driver let us off on

his way back to Miami at our hotel

on infamous Key Largo... (Bogart,

anyone...?) for another couple of

days of sun and sports.

We lounged on the white sands,

canoed out to the smaller

mangroves that made up the

small off-shore islands from

the beach at our hotel.

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39JUNE 21, 2015

Our final day, we took a voyage out

to the Gulf in a glass bottom boat...

amazing how far out and how shallow

it was! Our captain and guide pointed

out all the sights ...we lost power in

our engines...crawled back to dock

and were buzzed twice by Coast Guard

helicopters... checking to see whether

we were up to something illegal!

Even our hardworking VP “Daddy” Milner takes a few minutes to relax.

The Chairman works on a drawing.No para gliding for us... but fun to watch!

On the glass-bottom boat speeding into the everglades and out to the Gulf of Mexico...

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With each passing year, this category

gains in importance to the overall

functionality of the corporation

in general and the Chairman in

particular.

Friends from the school crowd have

been undergoing expansion and

refinement at the same time with

our shifting interests.

At the top echelon are Ella Moore

and Olivia Meurk... with important

contributions

by Ali Squillace,

Clements

Evans, Claire

and Margaret

Moreland, Audrey

Hirsch and Gabby

Garland. Occasional appearances

to group gatherings include Amalia

Baikie, Maxine Rosenfeld and

Rachel Wolters. Samantha Lavan,

a long standing associate, has

retreated in importance this year

while remaining in the picture due

to her participation in orchestra.

Next year, this group dynamic will

be shifting again as Margaret, Ali,

Gabby, Amalia and Samantha will

be departing FAIS/International for

other high schools.

With her friends, our Chairman

spent a huge amount of time this

year in Japantown, mostly on the

hunt for new Manga... but the Daiko

$1.50 “everything store” was also a

perennial hit. Most of the time they

were on their own...no chaperones...

they stretched their shopping

muscles and their...wallets!

Birthday time in August found the

Chairman and friends again at

Japantown savoring plates and

plates of Sushi Boat delicacies,

followed by a movie and a sleepover!

Dressing up is back in fashion and

the Chairman and cohorts spared

no detail in getting ready for

Halloween and

the Dickens’s

Fair ...perhaps

next year there

will be a COS

Convention in

their future! In

December, our Chairman and Olivia

Meurk ventured a cultural outing

to the Opera, where they enjoyed a

wonderful afternoon of La Boheme

from elegant box seats.

On the ski scene, Georgianna

(Georgie, now) Sullivan remains a

firm partner on the slopes, although

due to differing birthdays, the

Chairman shifts into U16 next year

while Georgie will be finishing up the

U14 category.

Faith, Isabella, Zoe, Mikaela, and

Elizabeth were also around cheering

each other on at the bottom of the

hill after an exhilarating race or

a grueling early morning training

session.

Dickens Fair dress-up / Opera eleganceSki buddies / /Off to foreign shoresHalloween / Birthday festivities...just to name a few!

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Farm operations during this fiscal

year were hectic for our VP’s handling

the day-to-day, down in the dirt

challenges, and yields unfortunately

missed the street projections. Due to

an untimely frost and wind conditions

early in the year, buds were knocked

off the branches and the harvest

suffered. This was a disappointing

year in the olive business world-

wide... but that unfortunately didn’t

make it anymore palatable for our

own bottom line. Labor was difficult

to tie down for harvest and ultimately

our tonnage was affected.

Our total harvest results were sold

out within the first month of bottling!

Even worse... none for our own use!

Even working as hard as he did,

our extraordinary VP took time out

to make a special presentation to

teens from a local high school who

were interested in organic farming.

They were treated to a wonderful

presentation, a farm tour, an olive

tasting seminar... and lunch! Our

chairman was on hand to observe the

proceedings.

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There should have been a pot-o-gold at both ends of this rainbow!

Beautiful sunsets...

Love the look of those ripe olives on the trees!

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44

Before, on the left....after, on the right!

During the final weeks of this fiscal

year farm management decided to

test a new form of weed control...

sheep! Our chairman was fascinated

with our new additions and put in

some time learning the ins and outs

of sheepherding. Unfortunately they

like the taste of young olive leaves as

much as the weeds!

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45JUNE 21, 2015

Hard at work around the orchard.... weeding, pruning, disking, fertilizing.... the chores never end...

But it certainly is beautiful out on the farm!

Kalee...kale...and more kale...!

Luxurious, bushy, beautiful trees!

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46SYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT

Our Chairman and indispensable VP

Milner went all out to celebrate our

VP “for everything else” ...Mom’s

birthday with a specially arranged

all weekend fun fest for the Liberal

Ladies Gun and Book Club members

at La Ferme. No expense was

spared to import the top shooting

instructor from the area to educate

the members in the fine points of clay

trap shooting.

A tent was provided to protect the

member’s oh-so-fine skin against

the ravages of sun in the traditionally

90 -100 degree weather that is

customary for the month of July.

Those envious club members who

missed this one-of-a-kind affair are

now requesting a repeat event.

We are sure that the Corporation’s

VP Milner is looking forward to a time

when he can put on a similar event for

the Chairman where

she can showcase

her own shooting

skills to impress an

attending company

of novices.

Event participants and the Chairman

Did you reallytell me to point that rifle at you?

With our expert Instruuctor...

On our regular practice range...

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48 PBSYDNEY LLEWLLYN MILNER CORPORATION / 2014 - 2015 ANNUAL REPORT JUNE 21, 2015

This one will never change... her permanent cheering section always on hand... for the good times and bad...

Learning Japanese on her own along with everything else...Happier and more relaxed attitude towards school and tests......but definitely ready for summer! Ella and Olivia definitely still the top choices for hanging out... Able to go to Japantown with friends on her own...Ali was huge friend this year...unfortunately not going to IHS in the fall..Samantha definitely on the outs... Georgianna via Facetime is still a big buddy...!

Still keeps a twinkle in her eye... can now do sarcasm at times... Taking some stylish steps out of our comfort zone...wearing skirts without complaint... those colorful Japanese styles get us some positive attention... first pair of one inch heels for graduation... $350!!! Total assets on the increase... Higher personal allowance for the Chairman permits more frequent shopping in Japantown...skiing fees still going up, school fees still going up... our expert VP/CFO manages to keep everything on the positive side...

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Wants to add Aikido to the list of activities...Starting to stay up later to get stuff done and squeeze in those violin practices...Never enough hours in the day for devoting to computer pleasure time... Manga, animé, YouTube, Face-timing with friends... how can she fit it all in? See ”Assets”...$350 shoes!!! And our VP/CFO wants to institute a clothing allowance... managing to keep this one on both sides of the balance sheet... $650 Jimmy Choo’s next year?

No longer in eyes, but those wispy bangs keep growing in... working on new places to part her hair ... loves to do the “hair toss!”

As you can see, the Assets are a much longer list.!... Could we be a takeover candidate?

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SYDNEY LLEWELLYN MILNER

CORPORATION2014-2015 ANNUAL REPORT

1712 Bush Street San Francisco, California 94109

© 2015