Pace Four Capital expenditures anticipated during the current year include completion of the aerial tramway, additional mining and transportation equipment and the expansion of employee housing facilities. The British Columbia Government carried out further improvements to the highway from the Mill to the Alaska Highway. Your Company received the fullest co-operation from the Industrial Minerals Division, Department of Mines and Technical Surveys, Ottawa; the laboratories of Raybestos-Man- hattan, Inc., and the technical staff of Bell Asbestos Mines Limited in testing fibre and advising on technical procedures. The Board expresses its appreciation of the loyal and efficient services rendered the Company by the General Manager and his staff. On behalf of the Board, F. M. CONNELL, President. Toronto, Ontario, December 20, 1954. Cassiar AsBestos CorPoRATION LIMITED ee ER IN PAS BES LOS NURFORATION SIMILED