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PAGE 12 TERRACE BAY NEWS SEPTEMBER 7, 1972 THE MUNICIPALITY OF THE TOWNSHIP OF SCHREIBER HYDRO-ELECTRIC COMMISSION BALANCE SHEET DECEMBER 31, 1971 ASSETS 1971 1970 Revenue assets: Cash $93. 932 % 15,458 Investments, at cost: Bank of Montreal deposit receipts = 7% due April 29, 1971 15,000 Government of Canada 5% bonds due June 1, 1971 (market value $4,993) 5,000 Accrued interest on investments 75 Accounts receivable 1,839 2.71] Inventory of supplies, at cost 1,016 1,440 Work in process 800 Total revenue assets 27,594 39,784 Capital assets: Buildings 8,542 8,542 Transmission and distribution system 216,224 204,226 Equipment 16,733 16,733 241,499 229,501 Less accumulated depreciation 21,133 82,748 150,366 146,753 Equity in Hydro-Electric Power Commission of Ontario 134,229 125,85] $312,189 $312,388 Clarkson, Gordon & Co., Chartered Accountants Thunder Bay "P", Ontario. Schreiber Hydro-Electric Commission E.G. Caccamo Chairman Irene G. Spicer Secretary-Manager. (with comparative figures at December 31, 1970) LIABILITIES AND CAPITAL | 1971 1970 Accounts payable $ 6,352 .'% 9,283 Reserve for equity in Hydro- Electric Power Commission of Ontario 134,229 125,851 Capital: Debentures redeemed 50,000 50,000 Earned surplus Balance at beginning of year 127,254 131,436 Loss for year (5,646) (4,182) Balance at end of year 121,608 127,254 Total capital 171,608 177,254 $312,189 $312,388 pa