YORPORATION LIMITED

anada Corporations Act)

ibsidiaries

-December 31, 1974

December 31, 1973)

Current:

Bank indebtedness (note 2) ...... Se oleae ia nach ome.
Accounts payable and accrued charges
Dividend payable ..

LIABILITIES

Taxes payable (note 3)

Total current liabilities

Term bank loan (note 2) .

Taxes deferred (note 3)

Shareholders’ equity:

Capital —

Authorized:

5,500,000 shares without nominal or par value

Issued:

5,500,000 shares ....
Retained earnings ....

On behalf of the Board:

J. D. CHRISTIAN, Director.

C. R. ELLIOTT, Director.

PAGE THIRTEEN

1974

$15,160,825

6,095,089
678,390
21,934,304
2,000,000

15,920,000

28,903,473

16,711,915
45,615,388

$85,469,692

1973

(restated ) i

$ 8,620,137
3,909,622
825,000
761,375
14,116,134
3,000,000
16,460,090

28,903,473
19,682,695

48,586,168

$82,162,302