Current liabilities:
Bank indebtedness $ 6,901,718

Accounts payable and
accrued liabilities 6,154,159 5 842,736

Taxes payable 1,585,621 ==
Dividends payable 1,375,000 1,375,000

9,114,780 14,119,454

Taxes deferred 34,793,000 29,464,000

Share capital:

Authorized and issued—

5,500,000 shares without
nominal or par value 28,903,473 28,903,473

Retained earnings 70,324,959 62,182,456
99,228,432 91,085,929

Approved by the Board:

De

J. Douglas Little, Director

W. D.H. Gardiner, Director

$143,136,212 $134,669,383