CasstarR ASBESTOS CoRPORATION LimITED Pace ELEVEN

Sales

The demand and price for crude, spinning, asbestos cement pipe and shingle fibres
have been steady throughout the year, and at the year-end all production was sold. We are

investigating the advisability of producing a wider range of these fibres.

The fibre in transit valued at $1,221,482.50 is abnormally high as a result of the
rail strike at Skagway. During the strike, 1,646 tons of fibre were moved to Vancouver
by truck to fill the most urgent of our outstanding orders.

Acknowledgements

May I take this opportunity of thanking the Board of Directors for the support
they have given management throughout the year, and to acknowledge the loyal and
efficient services given the company by Mr. N. F. Murray, General Superintendent at the

mine, Mr. N. Gritzuk, Manager of Transport Division, their staffs and employees.
Respectfully submitted,

J. D. CHRISTIAN,

General Manager.

Cassiar Asbestos Corporation Limited.

Toronto, Ontario,
December 17, 1955.