RPORATION LIMITED

ada Corporations Act)

diaires

et—December 31, 1971

for the year 1970)

Current:

Bank indebtedness (note 3) .
Accounts payable and accrued charges .. .

Dividend payable January 28, 1972 (January 28, 1971) es
Taxes payable

Term bank loan (note 3)

Income taxes deferred (note 4)

Total current liabilities .

Minority interest in subsidiary .

Shareholders’ equity:

Capital —

Authorized:

5,500,000 shares without nominal or par value

Issued:

5,500,000 shares ...

Retained earnings

LIABILITIES

On behalf of the Board:

J. D. CHRISTIAN, Director

CRE belOimdes Director

PAGE NINE

1971

$ 7,578,892
2,800,850
1,100,000

325,019
11,804,761

5,000,000
12,445,000

289,321

28,903,473
20,546,063
49,449,536

$78,988,618

1970

$ 8,345,075
3,142,980
1,100,000
eee OU9

13,765,134

10,175,000

299,780

28,903,473
ee
49,221,390

$73,461,304