stefansson-wrangel-09-36-034

STEFANSSON ARCTIC EXPLORATION & DEVELOPMENT CO. AS AT 31st MARCH,1923 ASSETS

Union Bank of Canada, Current A/C $ 958.71 Accounts Receivable:- V. Stefansson $ 955.70 Milton Galli 156.00 1198,70

Profit & Loss A/C:- General Expenses & Salaries 20,400.80 Expense Outfitting 4,331.58 "Silver Wave" Charter 2,617.35 Stationery & Office Supplies 110.59 Interest, Discount & Exchange 683.32 Bad Debts 775.00 Teddy Bear Charter 1.222.95 30,141.59

LIABILITIES Capital:- Authorised 1,000 shares of $100.00 each $100,000.00 Issued 249 shares fully paid in cash 24,900.00

Sundry Creditors:- Dept, of Interior 3,000.00 Dr. Geo. M. Jennings 1,000.00 Sir Edmund Walker 500.00 4,500.00

Salaries:- Ada Black Jack 350.00 Allan Crawford 1600.00 E.W. Manner 150.00 2,100.00

Shares Not Issued:- Allan Crawford 100.00 E. Lorne Knight 610.00 710.00 $32,210.00