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PAGE 12 TERRACE BAY NEWS JULY 28, 1971 GLENDINNING, JARRETT, GOULD & Co. (SUCCESSORS TO CRAWFORD, REEDHEAD & CO.) CHARTERED ACCOUNTANTS RESIDENT PARTNERS: R. E. REEDHEAD, B.CoMmM., C.A. A. E. PROUTY, C.A. P. F. STRAWSON, C.A. THE CHAIRMAN AND MEMBERS, THE LAKE SUPZRIOR BOARD OF EDJCATION, SCHREIBER, ONTARIO, 109 CUTHBERTSON BLOCK 105 N. MAY STREET, STATION ** THUNDER BAY, ONTARIO OFFICES: MONTREAL TORONTO © WINDSOR WINNIPEG KAMLOOPS COBOURG BRANTFORD THUNDER BAY © CALGARY VANCOUVER Fe ASSOCIATES: UNITED STATES GREAT BRITAIN MEXICO AUSTRALIA CONTINENTAL .EUROPE We have examined the revenue fund and capital fund balance sheets of the Lake Superior Board of Education as at December 3I » 1970 and the statements of revenue fund revenue, revenue fund expendi ture, revised net requirement and source and application of capital funds for the year then ended, Our examination included a general review of the accounting procedures and such tests of accounting records and other supporting evidence as we considered necessary in the circumstances, In our opinion, these financial statements present fairly the financial position of the Board as at December 31 operations and the source and application of its capital funds » 1970, and the results of its for the year then ended, in accordance with accounting principles generally accepted for Ontario School Boards, applied on a basis consistent wlth that of the preceding year. Thunder Bay, Ontario May 28, 1971 License No. 3958 oth lendinning, Jarrett, Gould & Co,, Chartered Accountants.