The aggregate cost to the Company during the year ended December 31, 1968, with respect to all pension benefits proposed to be paid to the directors and senior officers in the event of retirement at normal

retirement age (65 years) was $4,871. Appointment of Auditors

It is proposed that Clarkson, Gordon & Co., Chartered Accountants, the present Auditors, be re-appointed as auditors of the Company, to hold office until the next Annual Meeting of shareholders at a remuneration to be fixed by the board of directors of the Company. Clarkson, Gordon & Co. have been

the auditors of the Company since its inception. Other Business

The management is not aware of any matters to be presented for action at the meeting other than those listed in the notice of meeting. However, if other matters properly come before the meeting, it is the intention of the persons named in the accompanying instrument of proxy to vote the said proxies in accordance with their best judgment on such matters.

By Order of the Board of Directors,

GR; ELLIO,

Secretary.

DATED March 12, 1969,

Toronto, Ontario.

Printed in Canada