Document 3N4n6a11EVj4RG0rKMDpeYX3O

/ Mi wea o : was ncced that thr Treasurer'? "i-ort was mace un during che first week of June 1573, and the June 30, 10 73 figures had Co be estimated based on anticipated J5Te expenses and the fiscal year-end accruals. In cuccary, the Financial jtacerencs shewed acre than 5100,000 in savings accounts and tine deposits, and over 520,000 in liiss Duschek's retirement Fund. The Institute operated during che ir72-73 fiscal year with a net income in s::cess of 510,000. Ic was noted in the 12 year Summary of Financial highlights, that an Active Member in 1961-62 with one category had an annual fee of ?300. In the same year, a Regional Member paid a total of $1,300. 3y 1572-73 an Active Member with one category was prying $1,700 in annual dues whereas a Regional Menler was paving $1,330. in other words, the Active Member was paying in excess of 1002 more in 1372-73 than he was paying in 1961-62. The Regional '.'ember had been increased only 302, from 51,030 to $1,200, during the same period of cine. There *rere similar disparities concerning the increase in dues with Regional \ssociations and Licensees. Jpon motion duly made, seconded and unanimously passed, it was RESOLVED: To accept the Treasurer's Report as read. ASBESTOS STUDY COITtlTTTE ?.~?0RT Hr. I. 3. Weaver. Chairman of the ^bescos Study Committee, was present^,, eo deliver a talk to the Membership concerning asbestos problems in the friction materials industry. Hr.W*vrJhad submitted'-! Written''riporc sunmarizint his Committee?s activities during the 1972-73 fiscal year. Harrier chan report strictly on the activities of the Committee, Mr. Weaver had been asLed to deliver a calk concerning the background and seriousness of the asbejtrn* *eu2r-i.jna as rhey concern the friction materials industry. Mr. leaver's Baport'on'the Asbestos Sciicfy Comaitcee'acciVi'ries is L3C:7f>IX<zlA: In addition, the address chat Mr. heaver-gave to che Membership at the June 27 Meeting is shown as EXHIBIT 14.1. Mr. heaver discussed some of the background for che ORrA and the ETA regulations. In particular, he pointed out chat the CS71A label requirement was considerably less severe than that originally reeommendsd by ths OSHA Advisory Committee. Mr*. Weaver particularly recommended compliance with the splrie of tb* OSSA regulations and. suggested thee if Indusery does not shorn a wilUngaass to comply with existing regulations that the consiaer actlvlee groups end organized labor may push for evmn harsher regulations a also discussad the EPA Emissions Standards which again he found to be reasonable and attainable. Mr. Weaver closed his discussion indicating that the Asbestos Study Comsdetse would continue to ksep on top of the regulations emanating from Washington. Mr. Weaver answered some questions sc the end of his talk. One question had to deal with the accuracy of che membrane filter method for measuring concentrations of airborne asbestos fiber. Mr. Weaver replied that it is* very difficult to get accuracy into this method. Ic cakes considerable training, and even with che training different operators will have different