| Dear Customer,
Looking back over previous letters to you, a common theme was
the possibility of a mid-year price increase, something we have
not had to do for years. It is impossible to guess what is going
to happen with international currencies and the nature of our
buying pattern makes it impossible to hedge so we are no longer
going to bore you with the subject or exercise ourselves about
More to the point, we are insulating ourselves from currency
changes by doing more manufacturing in Canada every year as we
increase our product development activity. The honing guide on
the facing page is 100% Canadian, from the design to the final
finishing. We are proud of the fact that a world class product
like this can be made here and sold worldwide.
For your interest, the main body of the jig is cast and machined
in British Columbia from aluminum and zinc smelted in Canada.
The roller, cam, pin and knobs are machined from Canadian steel
in small shops in Brockville and Ottawa. The angle-jig is machined
from aluminum smelted, rolled, extruded, machined and finished
in Canada. Every year, we have more Canadian products, everything
from Nova Scotia fish glue to Alberta carpenter's aprons. This
may be small change in the overall scheme of things, but we are
proud of Canadian development in this industry.
Among many products we have under development are a small carver's
drawknife, another plane and a wet grinder. We hope to have at
least two of these ready by Christmas.
And now, before someone sends in a reminder that we still haven't
catalogued all that antique hardware mentioned in last year's
letter, we will get on with it.
Leonard G. Lee