CassIAk ASBESTOS CORPORATION LIMITED Pace THREE

approximately $30.00 per ton of 3K and 4K fibre. At the presently planned rate of pro-
duction of 550 tons per day, this is sufficient to supply the mill for forty years. The
consumers’ reaction to the Company’s product has been most favourable.

Bell Asbestos Mines Limited have been appointed Sales Agents for your Company
and have made available to your Company the services of the sales organization of itself
and its associates throughout the world.

During the year, your Company has received the fullest co-operation of the Industrial
Minerals Division, Department of Mines and Technical Surveys, Ottawa; the laboratories
of Raybestos-Manhattan, Inc. and the technical staff of Bell Asbestos Mines Limited in
testing fibre and advising on technical procedures.

The road from the mine and mill site to the Alcan Highway has been rebuilt, the
major cost of which has been borne by the Government of British Columbia. Your Company
has contributed to the cost of the mine roads; built a bridge across the Blue River; and has
constructed two miles of the main road to the Alaska Highway where it traverses Yukon
Territory.

Your Company and United Keno Hill Mines Limited have, since the end of the
Company’s fiscal year, negotiated a lease of the wharf known as the West Indies Wharf,
together with adjacent buildings, situated on Vancouver Harbour and owned by the National
Harbour Board. The wharf gives excellent facilities for handling ocean shipping and has
good railway connections for inland shipping. Suitable storage for the Company’s products
is available at this site and will greatly facilitate compliance with customers’ shipping

requirements.

The Board expresses its appreciation of the loyal and efficient services rendered the

Company by the Manager and his staff.

On behalf of the Board,

F. M. CONNELL,

President.