Note 20. Saint Lawrence Seaway Development Corporation:

(Dollars in Thousands)

Condensed Information: FY 2004 FY 2003
Cash and Short-Term Time Deposits  $           14,084  $           14,109
Long-Term Time Deposits                 1,210                    392
Accounts Receivable                      82                      63
Inventories                    246                    255
Property, Plant and Equipment               78,329               80,126
Deferred Charges                 2,234                 1,989
Other Assets                    538                    563
TOTAL ASSETS  $           96,723  $           97,497
Current Liabilities  $             2,428  $             1,776
Actuarial Liabilities                 2,234                 1,989
TOTAL LIABILITIES  $             4,662  $             3,765
Invested Capital  $           93,313  $           95,099
Cumulative Results of Operations               (1,252)               (1,367)
TOTAL NET POSITION  $           92,061  $           93,732
TOTAL LIABILITIES AND NET POSITION  $           96,723  $           97,497