Document 19p9G4VgLKoZ0k8GGQDOVDmZ

Philadelphia, Pa, November 25, 1946 At a regular Meeting of the Directors of John T* Lewis ft ires# Company, held this day at their offiaee in the Widsnsr Building, there wore presenti J, w. Cardiner, President S# F Beeves, Vise president and Treasurer A* X* Wilson, vies President if. H, Merritt, Seoretary L, ft Beale, Director The neeting was sailed to order by Mr* J* W, Oardinsr who presided, and Mr, K, H, Merritt reported the Minutes of the neeting. The nitrates of the nesting of Meveaher 12 were read and approved* r* Beeves submitted the following eonparative figures for the math of October 1945 and 1946 and for the first ten months of 1945 and 1946 including estimated taxes but without including any pig lead normal stock adjustmenti October 1945 * Profit $2,053*07 First 10 months 1945 * Profit $72,685*33 October 1946 - Lees 15,032*82 First 10 months 194$ - Profit 6,456*32 On motion made by Mr* Beeves and seconded by Mr* L* T* Beale it was unanimously decided that according to the Company Retirement Policy the following employee should be retired on the date indicated, having at tained an age of 70 yearsi Bmily Johnaon - January 1, 1947 Mrd Reeves reported that our application for a CftB in the amount of $4,000,00 tor a wator cylindor for our coal dug axtrualon prass had been approved* Mr, Gardiner reported the approval of the following advertising budget for 1947* Paint products Mstals $9,975*00 There wae a general diseueaion of various features of manufacturing new lead chemicals, including 451, lead aallsilate, trlbaaio load aulphate, and lead silicate, Mr* Wilson gave the report of shipments for the week ending November 22, There being no further business, upon motion the mooting adjourned. N 26714