RE

Purchase of minority interest ...
Minority interest in consolidated subsidiary
Purchase of investments
Current portion of long term bank loan
Dividends

Increase (Decrease) in working capital during year
Working capital beginning of year

Cassiar Asbestos Corporation Limited

and its subsidiaries

STATEMENT OF CONSOLIDATED SOURCE AND APPLICATION OF FUNDS
For the Year Ended December 31, 1973

Source of funds:
Operations —
Net profit (excluding gain on sale of assets) .......
Waste removal costs amortized ...................
Development and preproduction costs amortized ....
Explorationtcostsswaltten Otis er

Depreciation

Incomestaxesedeferte dss ee ne
Loss realized on investments ..................-.

Sale of investments .......... Gali. Aine eae eee

Application of funds:

Plant and equipment (net) —
@assiare Vine ate. wre ee Se ee
(Ciiimoyn MGS.) eae dusvoacnccbsonsneocoooedece
Mranspont Divisio Weert et ce
Asbestosis Wiharit 2. 222s ee ee
Wihitehorse stern ioe ee er eee

Waste removal costs —
@assians Mines eyes or ais ence Sree ee ee ere
Glintone Mine erates ee eae eo
Employees’ home purchase agreements

Exploration, development, mining claims and land (net) ..

Working capital end of year ..................

eI
$ 3,048,474
7,461,405
897,938
47,612
4,768,177
1,455,000
17,678,606

17,678,606

2,922,490
578,376
32,731
14,242
20,371

4,365,630
4,873,274
26,742
12,833,856
815,795

10,100
1,000,000
3,300,000

17,959,751

(281,145)
2,301,735

$ 2,020,590

1972
$ 4,316,100
5,094,200
916,589
152,607
4,589,820
2,675,000
127,091
17,871,407
292,409
"18,163,816

1,632,881
901,665
192,461

2,354
69,762

3,437,140
5,417,807
41,429
"11,695,499
553,325
300,000
9,179
1,000,000
3,850,000
17,408,003
MSorsie
1,545,922

$ 2,301,735