projects creating opportunities for expanded world trade bring to nations a new prosperity the role of an international mining company is to assemble from around the globe an effi cient combination of human financial and natural resources for such projects cover in the coral sea six thousand feet off australia's queensland coast stands utah's hay point shiploading facility flying the flags of many nations ships are loaded with coking coal destined for the steel industries of japan europe and australia financial highlights years ended october 31 net income . . . . . .... depreciation depletion and amortization earnings per common share assuming full dilution2'3 . cash dividends per share2 stockholders equity per share2 stockholders equity common shares outstanding2 ... number of stockholders . 1 includes gain on disposition of discontinued operation of 1,355,000 after tax 0.05 per share assuming full dilution 2 adjusted for the two-for-one stock split effected in the form of a stock dividend on may 7 1973 to stockholders of record on march 30 1973 rage shares outstanding were 1.81 1.39 and 1.25 for 1973 1972 and contents 1 financial highlights 2 letter to shareholders 5 1973 operations 22 financial comment 23 consolidated financial statements 31 auditors report 32 ten year comparison 33 directors and officers d library jan 6 19/7 received