CASSIAR ASBESTOS C

(Incorporated unde:

Balance Sheet —§

ASSETS
Current:
Cash cae a ae ee a a a a $ 142,869
Mecotints .receiva bley nck ee ee ee a 754,764

Asbestos fibre at market value 2,002,416 $ 2,900,049

Ore:stockpiled at mill-at-cost ==> es $ 805,753
Inventory of supplies valued at laid down cost -_--------------------—---—---------- 820,186 1,625,939
Prepaid insurance and other charges —._------------------ n-ne 45,353

$ 4,571,341

Investment — Territorial Supply Company Limited:

Shares (one-half the issued capital) at cost —-—-—--------------------- $g 25,000
Notes receivable fis se ee eat eae 150,000 175,000
Fixed:
Plant and equipment — cost _ se $ 8,441,638
Automotive equipment — cost _. 1,674,008
Roadsic Cost pice Se i ee een et pl sere pee op seem 158,664
Mining claims and properties acquired for issue of 925,000 shares and
the paymentzof:$153}493, 22 == secewas ule Uacen betes SS eee 245,993
$10,520,303
Less accumulated depreciation —.-...-.-.---------------------- nee 2,247,228 $ 8,273,075
Incorporation expenses nnn anna 4,218

Exploration and development — deferred:

Expenditures to June 30, 1955 less amounts written off $ 386,256
Stripping costs since September 30, 1955, less amounts charged to
production. 22s ee OE SEN, a ee 631,112
Mining claims held under option to purchase (Note 1) — cost —..--- 102,895
Exploration and development thereon deferred —-—---------------------—-- 126,503 1,246,766
$14,270,400

Pace Six