CASSIAR ASBESTOS C

(Incorporated und

Balance Sheet —

Current:

ASSETS
CCPC) a ieee cameramen Meneses lays rt iat ae escent OSES psi a he Sn eres §  DBSiN2
Short term investments at cost (which approximates market) 400,000
Accounts + rece iva bs ee = ait a ig pc cc ee pee 1,038,078
Asbestos fibre at cost US Set ee ne acer 2,193,589 $$ 3,905,179
One swodapiled ac wwilll ae gage 3 693,681
Inventory of supplies — valued at laid-down cost 1,039,741
Prepaid expenses: Ses Ge aie hee were Aes ey rue eres see a 109,814 1,843,236

$ 5,748,415

Investment in Territorial Supply Company Limited:

Shares (one-half the issued capital) at cost % 25,000
Notes receivable __ cea ae arceee iar eee NNER dre ATONE te IS ly Ge esky tea Ps 250,000 275,000
Fixed and deferred:
Operating mine —
Mere amel copuijrrmone ae Gage $10,801,391
Automotive equipment at cost __ 2,377,921
Roads fatsco st) assuie cde Brie cain ae ae fe oe ee Neto 158,664
$13,337,576
Less accumulated depreciation 5,360,617
3 7,976,959
Mining claims and properties — acquired for issue of
925,000 shares and the payment of $160,569 _____. 253,069 $ 8,230,028
Preproduction expenditures less amounts written-off $ 209,030
Stripping costs less amounts written-off 3,987,909 4,196,939
$12,426,967
Other —
Mining claims at cost and expenditures thereon $ 2,035,125
Investment in subsidiary company (note) —
Kutcho Creek Asbestos Company Limited:
750,005 shares at cost of $128,305 and
eNemees OF KOI) 134,974 2,170,099 14,597,066

$20,620,481

Pace Six