Document 3NqBojoL40yzq50R72xvJE9GD

Page 2 Introduction Mr. Dougherty welcomed attendees end acJtnowlsdged nw directors end other persons representing member companies in the absence of designated representatives. Ho said Mr. Fcieraber.i of Abex Corporation had advised of his promotion within :>Ls company and change of address necessitated his withdrawal, from the Board. His replacement as Abex representative :.n the Association will be advl3ed. Mr. Dougherty thanked Mr. Fnieraber.d fof his: interest and support of the Association in his capacities as director and Executive Committee member. It was announced that Huxley Development Cor?.- had joined the Association. Mr. Adam Novak will be the firm's representative in the Association. *. * Minutes On motion, -minutes of the preceding meeting, September 8. 1976 were approved as submitted. Financial Report Mr. Barge reviewed the financial report for the eleven- month fiscal period ending November 30,19 75- Ho invited .sttention to the two major expenditures during November of 312,14 3 and $8,92 0 for work in connection with the Association' 3 cons: ruetica industry study and legal-medical research program respectively. Mr. Barge said, cn an accrual basi3, he estimates tnat expenditures and income (including receipts from recent special assessment (136} of membership dues) for 1976 would approximate the same ttral, i.e., $369,000 Income vs. $371,000 expenditures. Total ivtome from the special assessment is expected to be $49,100. >!:. Serge stated that he expected the Association's net worth begia.-JLiig balance for 1976 of $57,000 would be essentially tha same for 1977 after all obligation's in 1976 are paid. * * . As of Nov. 30, 1976 the Association had total assert of $136,486; liabilities of $39,134; and a net worth of $37', 3-32On motion, the financial report was accepted- as- submitted. International Asbestos Information Conference (i-ic) liamburgT*^. (jermany,. Nov. 3-5/1976 ' . .. * * Mr. Marsh said he would apeak to international events of the post 12 years which pertain to the asbestos industry, the establish ment of the International Asbestos information standing Crmmittee, the recommended work program of the Committee, the means tor achieving this work, and the actions taken at the International Asbestos Information Conference in Hamburg, Nov. 3-5, 197ft. lie refe'rred to a number of international meetings beginning in 1964 dealing with the biological effects of asbestos. He said there had been very little if anyU.S. industry representatives at some off the early meetings but U.S. industry interest '>egan to change commencing with a meeting in Lyon, France In IS72 following formation of ma/na. He stated at a meeting in Paris attended by himself and the Executive Director, .ma/na, it . . JHM 15968 4