The Company continued the policy of maintaining its physical property In good operating condition and during the year expended approximately C.$$1,423.000 for maintenance and repairs. In addition, the Company appropriated C.S.$1,500,000 from cur~ rent earnings for the property retire ment reserve, which after providing. for property, retirements during the year, Increased the balance In the Teserve to CS$5,619,868.08. 5 During the year there was also expended. C.8.$2,042,382.82 for Im. provements and additions to the property to meet the Increased business of the Company.
Text read from the printed page and cleaned; old type leaves the occasional error.