The aggregate cost to the Company during the year ended December 31, 1967, with respect to all
pension benefits proposed to be paid to the directors and senior officers in the event of retirement at normal
retirement age (65 years) was $13,869.

Appointment of Auditors

It is proposed that Clarkson, Gordon & Co., Chartered Accountants, the present Auditors, be
re-appointed as auditors of the Company, to hold office until the next Annual Meeting of shareholders at a
remuneration to be fixed by the board of directors of the Company. Clarkson, Gordon & Co. have been
the auditors of the Company since its inception.

Other Business

The management is not aware of any matters to be presented for action at the meeting other than
those listed in the notice of meeting. However, if other matters properly come before the meeting, it is the
intention of the persons named in the accompanying instrument of proxy to vote the said proxies in accordance
with their best judgment on such matters.

By Order of the Board of Directors,

J. ROSS SCRIMGER,

Assistant Secretary.

DATED March 7, 1968,

Toronto, Ontario.

Printed in Canada