CASSIAR

ASSETS
Current:
LPT) «gua eRienene a td ernentaceeePe NPR . Sceeh re a shy aie areal uh ee eee $ 12,178.42
Accounts rece vibe] eco si i Ie eieea IU aN 518,119.08
Asbestos fibre in transit at amount receivable on delivery to
CUSTOM ETS i ee a EE ai le Se eee ee nee 1,221,482.50

Ore stockpiled at mill at cost as determined and certified by the
pao: bey: Wat cy ocx \ spe i tte ete < ee sy eS See) eae ee $ 575,684.17
Inventory of supplies as determined and certified by the manage-

ment and valued at laid-down cost 2-2-2 557,495.02

Prepaid insurance and other charges

Investment — Territorial Supply Company Limited:
Shares (one-half the issued capital) as cost 20 $ 25,000.00

Notes receivable 100,000.00
Fixed:
Plant and equipment at cost $ 6,195,207.97
Less accumulated depreciation’ 0. 379,954.04 $5,815,253.93
Automotive equipment at cost 3 988,961.00
Less accumulated depreciation 0. 480,276.68 508,684.32
Roads: atecOst) 2 sor NA e IEE Wie Fee Rie eto eta eal cereal a A oe 158,914.39
$ 6,482,852.64
Mining claims and properties acquired for issue of 925,000 shares
and the payment of $152,875.09 245,375.09

Incorporation expenses

Exploration and development — deferred

Pace Six

ASBESTOS (¢

(Incorporated und

Balance Sheet —

$ 1,751,780.00

1,133,179.19
40,894.38

$ 2,925,853.57

125,000.00

6,728,227.73
4,217.57
450,257.00

$ 10,233,555.87