| Director General | |
| Economic and Financial | |
| Policy Analysis Branch | File No. 5-9349 |
| Energy Mines and Resources Canada | G.R. White |
| 460 O'Connor Street | 957-8585 |
| Ottawa, Ontario | |
| K1A 5H3 |
Attention: Mr. Donald G. Schell Director Mining Tax Legislation Interpretation Division
January 18, 1990
Dear Sirs:
Re: Mineral Resource Subsection 248(1) of the Income Tax Act
24(1) is a mineral resource as that term is defined in subsection 248(1) of the Income Tax Act.
A copy of our letter from the taxpayer and the information enclosed with it is attached. In the opinion of the president of the company such information fully describes the property and the product. If you need additional information please let us know.
Yours truly,
Director GeneralRulings DirectorateLegislative and Intergovernmental Affairs Branch