in 1967 and we anticipate that Goldsworthy will make an even greater contribution this year. The size of the increase will be diminished because Goldsworthy recently suffered an uninsured loss when two of its trains collided destroying 18 railway wagons and one locomotive and badly damaging another. It is not easy to explain how, on a private railway in the middle of nowhere, two of the three trains you are operating can hit each other, but it takes only one engineer capable of making every mistake in the book to pull off this trick. We expect to make up the delay in shipments before the year is out, but our share of the equipment loss will cost Utah an estimated $180,000 after tax. While we consider Goldsworthy a promising investment in Australian mining, we are even more excited about our prospects for coking coal. Our efforts to find coking coal antedated both our search for uranium and steam coal, for we knew that coking coal would be required to support an integrated steel industry on the Pacific Coast. Coking coal is very hard to find and you can tick off on the fingers of one hand the significant discoveries in the last 50 years despite an intensive Government-supported effort in World War II. We searched in the Western United States, British Columbia, Alaska, and even South America, all to no avail. Recognizing the changes in ocean transportation made it feasible to look farther afield, we turned to Australia and here our efforts were rewarded. We are involved in two areas in Queensland. In the Southern part near Blackwater we have taken to lease 33,450 acres and have established proven reserves of 33. 7 million tons of strippable medium volatile -12-