Cassiar Asbestos Corporation Limited

(Incorporated under The Companies Act, Canada)

Balance Sheet as at September 30, 1953

ASSETS
Current:

Cash on hand and in banks

Investments in Government of Gace Ane eines Soe a ermabonds
and notes — at cost (market value ve 241,361)

Accounts receivable

Asbestos fibre in transit at value realized upon Wieivence to customers

Ore stockpiled at mine at cost as determined and certified by the
management Bek pSesy ee DS ONG a es

Prepaid insurance Al Glos: charges see Ee eta has ee eas

Inventory of construction materials and supplies as determined and
certified by the management and valued at laid-down cost

Fixed:
Plant and equipment at cost _ PRG $ 2,844,963.66
Automotive equipment at cost $554,241.86
Less accumulated depreciation : 3 66,146.64 488,095.22
Roads at cost : : Eee 119,244.46

$ 3,452,303.34
Mining claims and properties acquired for the issue of 925,000

shares and the payment of $141,559.20 ane s 234,059.20
Incorporation expenses
Cost of exploration and development — deterred
LIABILITIES
Current:

Accounts payable and accrued charges
Capital:

Authorized—4, 000, 000 shares without nominal or par value

Issued — 925,000 shares for mineral claims $ 92,500.00
2,675,000 shares for cash (including 1,100,000 shares
issued during the year foe $4,400,000) 5,896,244.75

3,600,000

On behalf of the Board:
F. M. CONNELL, Director.
k. A. CREERY, Director.

Pace FIve

$ 94,570.80
1,237,611.30
87,672.68
185,618.21

156,119.74
31,636.29

$ 1,793,229.02

484,198.30

3,686,362.54

He 57

OPOU)

$ 467,284.90

5,988,744.75

§ 6,456,029.65