Cassiar Asbestos Corporation Limited

and its subsidiary

STATEMENT OF CONSOLIDATED SOURCE AND APPLICATION OF FUNDS

For the year ended December 31, 1967
(with comparative figures for the year 1966)

1967

Working capital (current assets less current liabilities) beginning
Olive ase re re ees ee in ne en eRe es $ 2,654,434

Source of Funds:

Operations —

ING tp DUO teeter epee Sea oa ee ac etree 4,175,185
S Gil Pin Sa COSTS aT CLUUZC Clee eae a eee 1,729,516
Xp lOTatlONKCOSES mwa LUCIE © Llamas ney one 68,967
Depreciationwe acre ana es eon ee ae: 1,492,336
Income taxes deferred to future years ................ 2,150,000
9,616,004
Sale of investments — Clinton Mine Funds ................... 35,590
Won gatenmeban ks lOan tess eee or rere er eR eerie Se 4,000,000
Criptiall Siok igguel for GAIN . 2 22 cca scse: Re Seer 5,744,728
19,396,322

Application of Funds:
D)iViG en US ieetgr te ira Wee ne ee eet es treme ger 3,151,500
Gassian Mine—— Plantandiequipmenti=5.95 925-624... -2- 553,727
—— GLB IOING CONS soc cacseosso sno bcaannne 2,801,594
Clinton Mine — Plant and equipment ..................- 10,351,555
—= PR DOGIMCHON 5.5 coos ces esceuonnecsser 2,072,857
TEROORAMON CONS . ooo o ua 25500 esses ageeasac sens zb ese 197,894
Specialecetundalblestaxera cl leer rr ote ie eters geet 53,000
iLoay tiem Geint metre! . 5 os cepa o a ess eas eae: 75,000
Transport Division — Plant and equipment ............... 848,035
Asbestos Wharf — Plant and equipment .................. 2,885
20,108,047
Net decrease im working capital =). =. 2) 52-2 ee 711,725
Working capital end of year ea...) 2 2 ee $ 1,942,709

PAGE NINE

1966

$ 3,272,348

4,145,766
1,539,972

76,551
1,439,523
1,875,000

9,076,812
7,729,430

16,806,242

2,865,000
1,078,439
2,508,192
7,490,668
2,719,191
269,778
105,000
75,000
284,668
28,220

17,424,156
617,914
$ 2,654,434