_ SSS SSS SESE

CASSIAR ASBESTOS CORPORATION LIMITED — TEN YEAR REVIEW

1973 1972

@regmineda (tons) ies eee ee 2,872,605 2,904,478
Ore and concentrate milled (tons) ............-.. 2,116,032 2,022,367
Wastesremoved:(toms)) 9... 2 ss see 16,611,752 17,906,364
Fibre produced (tons) .........--------+eee es 208,626 209,252
Bibres sold (tons))p tee eee eee 218,121 202,296
ibrensales ies aac ee ee ee $49,611,809 $45,034,633
Profit before deducting the following ...........-. $17,803,666 $17,951,374
Depreciation aeaee are see or 4,768,177 4,589,820
Exploration and development written off .......... 8,406,955 6,163,396
Net earnings before taxes .............------5-- 4,628,474 7,198,158
Provision for current taxes ...............+----- 125,600 200,000
Provision for deferred taxes ............--.---4-- 1,455,000 2,675,000
INGE GEMS) Soc ab code ccuneccangevenccse anced $ 3,048,474 $ 4,323,158
Net earnings per share ..........-.----- 0-000: 5512¢ T8V2¢
Dividends declared per share ............------: 60¢ 710¢
CAPITAL EXPENDITURES:

Land, plant and equipment ................. $ 3,567,310 $ 2,785,573

Mine development — Cassiar ..............- 4,439,946 3,622,077

= Clinfone eae 5,150,517 5,636,806
Exploration mares sense eee eae 465,139 162,939

BALANCE SHEET — AT END OF FISCAL PERIOD:

"2,715,039

1971

2,187,817
15,232,740
180,206
182,077-
$40,563,996

$15,102,173 |
4,096,354
4,237,673
6,768,146"
(130,000
2,270,000
$ 4,628,146
84¢
80¢

$ 4,580,199
3,707,584
4,629,078

181,465

Net working capital and investments ......... $ 2,721,222 $ 2,965,525 $ 2,567,925
Territorial Supply Company Limited .......... —_— s — e —_

Plantandgequipmentwge estes ae 60,705,869 58,439,174 57,975,526

Mining claims and land ................---- 2,798,289 2,799,189 2,806,238.

Deferred development ...............-.-.-. 31,560,522 29,911,875 26,653,449

Total ee ee rt ae eee 97,785,902 94,115,763 90,003,138

Deduct — Term bank loan .............--- 3,000,000 4,000,000 + ~—‘5,000,000
— Purchase contract payable ......... — — —

——=3 Delenred eatax Cain ere wr ania 16,575,000 15,120,000 12,445,000

— Accumulated depreciation ......... 28,539,734 25,073,069 22,819,281

— Minority interest in subsidiary ...... — — 289,321

Shareholdersa equity eet ees $49,671,168 $49,922,694 $49,449,536

Shares of capital stock issued at end of periods ~ 5,500,000 5,500,000 ; 5,500,000

* Included as subsidiary

PAGE EIGHTEEN