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June 21, 1995
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments made with respect to us in Item 4 of
Form 8-K of HMG/Courtland Properties, Inc. dated June 21, 1995, except we have
no basis for agreeing or disagreeing with the last sentence in the first
paragraph and the last paragraph.
Yours truly,
DELOITTE & TOUCHE LLP
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES ACT OF 1934
Date of Report (Date of earliest event reported) June 21, 1995
(June 21, 1995)
HMG/Courtland Properties, Inc
(Exact name of registrant as specified in its charter)
Delaware 1-7865 59-1914299
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
..........2701 South Bayshore Drive, Coconut Grove, Florida 33133
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: .... 305-854-6803
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Item 4. Changes in Registrant's Certifying Accountant.
HMG/Courtland Properties, Inc. (the "Company") and its independent
accountants, Deloitte & Touche LLP ("Deloitte & Touche"), have decided to end
their relationship by mutual consent effective June 20, 1995. Deloitte &
Touche's reports on the Company's financial statements for the past two years
do not contain any adverse opinions or disclaimer of opinions, and were not
qualified or modified as to uncertainty, audit scope, or accounting
principles. The decision to end the Company's relationship with Deloitte &
Touche was recommended and approved by the Audit Committee of the Company's
Board of Directors.
During the Company's two most recent fiscal years and subsequent
interim periods, there were no disagreements with Deloitte & Touche on any
matter of accounting principles or practices, financial statement disclosure,
or auditing scope or procedure.
Deloitte & Touche has furnished the Company with a letter
addressed to the Securities and Exchange Commission stating that Deloitte &
Touche agrees with the statements in the two preceding paragraphs.
The Company is presently interviewing several accounting firms and
expects to engage one in the next couple of months.
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Item 7. Financial Statements and Exhibits.
(a) Exhibits
Exhibit No. Description
99 Letter from Deloitte & Touche, LLP
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Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
HMG/COURTLAND PROPERTIES, INC.
Date: June 21, 1995 By: /s/ Maurice Wiener
Maurice Wiener
Chairman of the Board
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EXHIBIT INDEX
Exhibit No. Description
99 Letter from Deloitte & Touche, LLP
