MONTREAL TORONTO HAMILTON ARTHUR YOUNG ,CLARKSON ,GORDON & CO,
LONDON WINDSOR WINNIPEG ACCOUNTANTS AND AUDITORS
REGINA CALGARY EDMONTON OFFICES IN PRINCIPAL CITIES OF U.S.A.

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15 WELLINGTON STREET WEST
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CANADA

AUDITORS * REPORT

To the Shareholders of:
Cassiar. Asbestos Corporation Limited:

We have examined the balance sheet of Cassiar Asbestos Corporation
Limited as at September 30, 1958 and the statements of operations and earned surplus
for the year ended on that date and have obtained all the information and explanations
we have required. Our examination included a general review of the accounting
procedures and such tests of accounting records and other supporting evidence as we

considered necessary in the circumstances.

In our opinion the accompanying balance sheet and statements of
operations and earned surplus are properly drawn up so as to exhibit a true and
correct view of the state of the affairs of the company as at September 380, 1958 and
the results of its operations for the year ended on that date, according to the best
of our information and the explanations given to us and as shown by the books of the

company.

a ees ee
Toronto, Canada,

December 18, 1958, Chartered Accountants.

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