CASSIAR ASBESTOS CORPORATION LIMITED and its subsidiaries
ee,

(incorporated under the Canada Corporations Act)

Liabilities and Shareholders’ Equity

Current:

Bank indebtedness (note 2)
Accounts payable and accrued charges
Taxes payable
Total current liabilities

Term bank loan (note 2)

Taxes deferred (note 1)

Shareholders’ equity:
Share capital —
Authorized:

5,500,000 shares without nominal or par value

Issued:

5,500,000 shares

Retained eamings

On behalf of the Board:

J. D. CHRISTIAN, Director.

C. R. ELLIOTT, Director.

1975

$ 6,048,822
7,426,217

__ 5,529,192
_19,004,231
7,000,000
__ 19,737,000

28,903,473
25,001,751
53,905,224

$99,646,455

1974

$15,160,825
6,095,089
___ 678,390

21,934,304
_ 2,000,000
15,920,000

28,903,473
16,711,915
45,615,388

$85,469,692