CASSIAR ASBESTOS C¢

ASSETS
Current:
(Saas Pai Sa ue a eR ee ees $ 626,278
Government of Canada securities — at cost (market value $1,383,650) _... 1,364,418
PACCOU HES FE CEL Vel by eee rs 898,508
Taxes re COVE rab | tak sass a a ae ea Nee eee 58,870
Asbestos fibret——atticost ame ateeas eis ae ee Se ee 2 © 1,235;191
Ore=stockpiled at- mill "ae" cost) ———E———E Ee _ $ 786,310
Inventory of supplies valued at laid down cost 971,574
Prepaid expenses and deferred charges n-ne
Investment in Territorial Supply Company Limited:
Shares (one-half the issued capital) at cost 02222 $225,000
INGtessreceivable sms seme ne se een irne Senior co MIN REN ALcsRO NCR eA MSO eer ce 325,000
Fixed:
Plant-and- equipment:— cost. B99 72,817,
Automotive equipment — cost 20.2222 1,707,997
ROA S) = COS Eg = se le ce ae resi rete 158,664
$11,439,478
Less accumulated depreciation en 3,820,988 $7,618,490
Mining claims and properties acquired for issue of 925,000 shares and
the: payment of: S160 :53 4x se cere att oe eel 253,034
Interest in mining properties and subsidiary company at cost (note 1):
Mining claims and expenditures thereon eee $1,812,979
Subsidiary company —
Sharest=— at cos t eee ete tease neh eee ern c er ery $ 81,300
Advances ic 205s ii Dena ie, ee 6,164 87,464
Deferred:
Preproduction expenditures less amounts written off $ 312,931
Stripping costs less amounts charged to production _.. 1,691,174

(Incorporated under

Balance Sheet—S.

$ 4,183,265

1,757,884
140,971

$ 6,082,120

350,000

7,871,524

1,900,443

2,004,105

$18,208,192

The accompanying notes to the financial statements are an integra

Pace Six