Document 0g4QkeYavK1Edr2y9kvzZykbV

Cleveland* Ohio Deeeniber 8, 1959 lbs All* DIRECTORS MAmR3 OB VHICH DIRECTORS AND/OR EXECIOTVE ccawmEB a c t io n h a s t a k e n a n d c h i w h ic h OTHER ACTION IS PIwmif* PAINT DIVISION 1. gadnlin & Bolufolad, Ltd* (Denmark) (17) -- Mr. Khud Christensen of Badolln & i&ls&iad expects io visit us in the near future for further discussions with respect to the Technological Service and Trademark Agreements approved by our Directors July 29; 1958. CHE^CALS^PIfflCTT8METALS DIVISION 1, Scranton Plant (18) -- As authorized by our Executive Comnittee Sept* 14, 1959; this property will be offered for sale at public 'auction on December 15- 2. Travancore Minerals limited (India) (7) -- We axe still awaiting reoelpt of ^ executed copies of tke' five-year ilmenite requirements contract approved by our Directors May 26; 1959- This contract does not provide our C-P-M Division vith any enforceable legal rights with respect to procuring Indian ilmenite. Travancore*s delay in executing the agreement is therefore not prejudicial to us. POOD DIVISION 1. Norwalk Plant (30) -- Efforts by our brokers to sell this property at its appraised value of $l8i,05O, as authorized by the Executive Comnittee February Id; 1959; axe continuing. To date there have been no offers to purchase the property at any price. We continue to rent 15;012 square feet of the plant on a short-term basis at a nwnthly rental of $573* 2. Proposed Acquisition of Property in Louisville (l6) -- Negotiations axe progres sing for acquisition of additional land in Louisville for expansion of the Food Division's vegetable oil refinery. 3* Proposed Acquisition of Property on Elston Avenue in Chicago (ll) -- Negotiations for the purchase of approximately 200,000 square feet of land adjacent to our Elston Avenue plant will be initiated by Mr* Dutton as soon as Mr* Slaughter is able to discuss with Mr. Crovn of Material Service Coxporation plans whereby ve would taka over his coa^any's lease of a portion of the tract owned by The Chicago & Northwestern Railroad we desire to acquire* Red V Coconut Products (6) -- An agreement submitted late last month by General Foods, covering purchase by our Food Division of iq? to 2;0Q0,000 pounds of its annual requirements of flake and other coconut cuts; is presently under consideration GLD010089 i Pending Matters Report -2- Deoenfcer Q, 1959 l>y our Food Division and Legal Department* When a mutually satisfactory arrange* ment Is negotiated with General Foods, it vill be submitted to Bed V, Vho have previously Indicated their reoeptlveness to the type of arrangement Mr. Slaughter has in mind* BDEsMsG (3k figure in parentheses is nunfber of consecutive months item has been ponding) GLD010090