CASSIAR ASBESTOS ¢

ASSETS
Current:
Ca a ar cee ee $ 264,349
Call loan receivable (secured) 500,000
Government securities — at cost (market value $746,025) 741,457
INGCOUDES FE CELU AD Le: tt ee oe ak Ornate a ange eee ea om oc eee 613,313
‘Taxes recoverable 2.= sea ee SC A a cet int SAECO See ee nc 6,254
Asbestos fibres at cost 2 ae ee eee 1,995,304
Ore stockpiled at mill — at cost 766,762
Inventory of supplies — valued at laid-down cost ee 1,338,982
Prepaid: iexpensess 6 se SS 89,105
Investment in Territorial Supply Company Limited:
Shares (one-half the issued capital) —at cost —------—--—------_- 25,000
Wotessseceivabl ey sane es aR cela Sone Site eee tee a! 325,000
Fixed and deferred:
Operating mine —
Plant and equipment — cost = $10,137,629
Automotive equipment— cost == 2,136,561
Roads est ae eerwen dt ener ot Bane Sa a 158,664
$12,432,854
Less accumulated depreciation —_.._____________ 4,385,772
$ 8,047,082
Mining claims and properties — acquired for issue of
925,000 shares and the payment of $160,569 ___ 253,069 $ 8,300,151
Preproduction expenditures less amounts written-off $ 267,214
Stripping costs less amounts RE ICCE TO fee 2,541,464 2,808,678
$11,108,829
Other —
Mining claims (at cost) and expenditures thereon _. $ 1,971,239
Investment in subsidiary company (note 1) —
Kutcho Creek Asbestos Company Limited:
730,005 shares at a cost of $88,305 and
advances Of 46.54 Gases noo 94,653 2,065,892

(Incorporated unde

Balance Sheet —

$ 4,120,677

2,194,849

$ 6,315,526

350,000

13,174,721

$19,840,247

The accompanying notes ar

Pace Six