CASSIAR ASBESTOS

(Incorporated |

Balance Sheet

ASSETS
Current:
Gashyeeume Es $ 4,153.74
Accounts receivable 197,688.74
Asbestos fibre at market value 1,477,893.40 $ 1,679,735.88

Ore stockpiled at mill at cost as determined and certified by the

management : $ 747,623.88
Inventory of supplies as determined and certified by the manage-
ment and valued at laid down cost 655,428.46 1,403,052.34

Prepaid insurance and other charges 46,705.96

$ 3,129,494.18

Investment——Territorial Supply Company Limited:

Shares (one-half the issued capital) at cost $ 25,000.00
Notes receivable _ ae : : peseresh 100,000.00 125,000.00
Fixed:
Plant and equipment—at cost ue Ep eee - $7,252,706.33
Automotive equipment—at cost Shen ss meses ee eee 1,190,275.10
Roads——at:cost: 22am So Sp a URE atin ia at cee Oe eS 158,663.85
Mining claims and properties acquired for issue of 925,000 shares
and the ipayment of, $1152-875;09) 2s neuete ee st nanene 245,375.09
$ 8,847,020.37
Less accumulated depreciation Sete y Sua eee SUN Neary done 1,486,547.57 7,360,472.80
Incorporation: expenses (72522250 ie 42 1 eels tee ke seen 4,217.57

Exploration and development—deferred:
Expenditures to June 30, 1955 less amount written of __ $ 424,472.35
Stripping costs less amount charged to production 247,721.85 672,194.20

$ 11,291,378.75

Pace Six