Casstar ASBESTOS CORPORATION LIMITED

Your company is continuing to expand its programme of research into the treat-
ment and use of asbestos fibres to ensure that its products will continue to meet competition
successfully.

As previously reported, 5,000,000 tons of high grade asbestos ore have been de-
veloped at the company’s Clinton Creek property in the Dawson area of the Yukon
Territory which is wholly owned by your company. No work was done on the property
during the year.

The Letain asbestos property is held by Kutcho Creek Asbestos Company Limited.
All of the outstanding shares of its capital stock are owned by your company. The action
brought by the original vendor to recover title to the property was dismissed in the Supreme
Court of British Columbia. This decision is being appealed.

The Board expresses its appreciation of the loyal and efficient services rendered
the company by Mr. J. D. Christian, General Manager, and his staff.

On behalf of the Board,
F, M. CONNELL,

President.

Toronto, Ontario,

February 15, 1962.

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