CASSIAR ASBESTOS |

(Incorporated under 1

and its subsidiary Kutcho Cre

Consolidated Balance §
(with comparative figur
ASSETS
Current: 1966 1965
Accounts receivable Shows oe SSO NGI $ 2,314,742
Taxes recoverable errs 35 174,000 —
Asbestos fibre at cost : 2,010,260 2,886,140
Ore stockpiled at mill at cost 186,447 32,697
Inventory of supplies — valued at laid-down cost . . a: 1,261,528 1,400,380
Prepaid expenses ... 113,587 109,483
Total current assets ee ; 7,101,883 6,743,442
Investments:
Investments at cost plus accrued interest (market value 1966
— $362,400; 1965 — $8,165,000) 435,383 8,164,813
Special refundable tax ae 105,000 =
Investment in Territorial Supply Company Limited —
Shares (one-half the issued capital) at cost : 25,000 25,000
Note receivable ; : eh nie 150,000 150,000
715,383 8,339,813
Fixed (notes 1 and 2):
Mine plant and equipment at cost : ee 20,319,801 12720158
Automotive equipment at cost 5 Apher. eevee 4,763,525 SPAM
Asbestos Wharf — leasehold improvements, buildings and
equipment at cost peer ee ee . 1,450,159 1,435,903
Roads at cost Ree oR BI eee : 186,815 186,815
26,720,300 18,115,007
Less accumulated depreciation ey a 9,302,471 8,116,570
17,417,829 9,998,437
Deferred:
Mining claims and properties at cost pean hea oencn 2,630,491 2,599,956
Exploration, development and other preproduction expendi-
tures less amounts written off (notes 2 and 3) Ae 4,075,693 1,170,730
Stripping costs less amounts written off (note 2) etre 9,661,520 8,693,300
16,367,704 12,463,986
$41,602,799 $37,545,678

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