Document 5k7B1kZ3E0v2GwyrxM8rrX7j8

f MIHUTES i 47TH MIHUK MEETg i- LEAP INDUSTRIES ASSOCIATION, IMC. April 9, 1975 The Hyatt Dwtncy HofI Toronto, Ctradt f < A* provided in notice of meeting end agenda veiled to each member on ' March 4, 1975, the regular Annual Meeting of the members of the Lead Industries Association, Inc., was held on Wednesday, April 9, 1975, at The Hyatt Regency Hotel, -Toronto, Canada. Purpose of the meeting was to elect the Directors of the Associa tion, as well as transact other business. CALL TO ORDER :The business session was brought to order at 10t05 a.m. by the Executfve .. Vice President, Mr. P. E. Robinson. / I QUORUM The Secretary reported that e quorum was present. APPROVAL OF MINUTES The Chairman announced that th^ Minutes of the previous Annuel Meeting had been sent to the members and no comments had been received. On motion made, seconded, and unanimously approved, the Minutes of the meeting, April 4, 1974, were approved as written and a copy was ordered filed with the Official Minutes of the \ i. Association. / rV TREASURER'S REPORT In the absence of the Treasurer, Mr. R. V. Cronin, Mr. P. E. Robinson gave the Treasurer's Report. On motion made, seconded and carried, the Treasurer's Report for fiscal year 1974, was accepted as resd. SECRETARY'S REPORT The Secretary displayed a copy of the Annual Report of the Association for 1974, consisting of the Auditor's Report for 1974, a copy of the Annual Meeting Minutes for the regular Annual Meeting, April 4, 1974, a copy of the Board of Direc tors Minutes for the Budget Meeting, December 10, 1974, a copy of the Executive Committee Minutes, August 0, 1974, and a list of Members of the Association with their addresses. On motion made, seconded end carried, the report was approved and a copy was ordered filed with the official Minutes of tha Annual Meeting. 1? |!SP8BRII!iPBoS IWMWWM. ..V . . . . _ ^,r - wrun'"'-* u --** ; x.^ ^ ~ ,,, .1 '"' * ' see*****- - _ - Li**1327 __ ____ ,r7-- V',,~ 47th Annual Meeting Minutes-LIA 2- REPORT OK MEMBERSHIP Th Secretary reported that alnca the last Annual Meeting, no companies had withdrawn from membership, and that he had received, and the Directors had balloted favorably upon, nine applications for full membership and two applications for Associate membership. They weret Ames Metal Products Co. Chloride Connrex Corporation federal Alloys Corporation Houston Lead Company Indium Corporation of America Johnson Manufacturing Company Luken* Metal company Price Metal Company Republic Metals Company, Inc. * Associate Members ' `h Australian Mining 4 Smelting Ltd. Phelps Dodge Corporation REPORT Of NOMINATING COWITTEE FOR DIRECTORS Mr. Robinson asked for the report' of the Nominating Committee for Directors, and the Chairman, Mr. D. Broward Craig.gave the following reports The Nominating Committee for Director#, cooqposed mCSngrself ae Chairman and Messrs. R. J. Kenny, T. M. Sstyile.. S. 'B. Strauss, W. P. Wilke III, recommend to the Membership the electioa od the following slate of 20 persons and place their name la.. nomination for a one year tens for Directors! \ %*?}!? X,i -A : R. 0. Braendle E. I. du Pont de Nemours S Co. J. W. DeDapper NL Industries, Inc. ) H. T. Targey Gominco Ltd. R. A. Gardiner, Jr. Gardiner Metal Company K. C. Hendrick Noranda Sales Corporation Ltd. P. C. Henshaw Homestake Lead Co. of Missouri C. J. Hooper Dresser Minerals Div.-Dresser Industries R. A. Kenkel Federated Metals Div.-ASARCD Incorporated R. J. Kenny ESB Incorporated H. A. Krueger Orark Lead Company w. H. Love Hecla Mining Company J. C. MacLeaa Cominco American Incorporated J. G.-McCullough Amax lead 4 Zinc, Inc. f. H. 0shorn Broken Hill Associated Smelters Pty. Ltd. J. F. Rittenhouse C 4 D Batteries T. M. Smylle Ethyl Corporation S. D. Strauss ASARCO Incorporated r. E. van Voria St. Joe Minerals Corporation R. viener Hyman Viener l, Sons N. P. Wilke III Hamaond Lead Products, Inc. I r * f r > t t ft K 1 tfrfa . t.*r...xMi&al 47 th Annual Meeting Minutae-LIA 4 ELECTION Of DIRECTORS Thera were' no nomination* froa the floor, and It wes Moved, aaoondad and unanimously carried that the noalnatlon* be cloaad and the data, aa proposed by the Nominating Caeenittae, be elected to serve for one year. PRESIDENT'S REPORT The President gave a brief report on the relationship between the Association's siarketing activities and well-being of the industry, and thanked the staff of the Association for Its efforts on behalf of the entire Berbership. fORHAL PROGRAM In addition to the Business Session, the fallowing speeches were pre sented as part of the fomal prograau i ,r.^v TEL - WHERE IS IT GOING? By Robert Hersog, Executive Vice President Ethyl Corporation THE FUTURE OP THE CATALYTIC OONVERSB* By D. R. Diggs, Marketing Manager-Antiknocks a E. I. du Pont de Honours a Co. 1 ADJOURNMENT In the absence of other natters to cost before the Business Meeting, It was duly adjourned at lliSS a.., and the remainder of the fomal prograa follows*- ., in the afternoon. Respectfully, il ' m JFSils 6/10/75 Secretary t General Manager I ftj I 1 '% HiUiCMeuiUfiMaiiH APRIL 9, 1975 LEAS INDUSTRIES ASSN., INC. 292 MADISON AVENUE NOT YORK, N. Y. 10017 TREASURERS REPORT FOR THE CALENDAR YEAR . .JANUARY 1, 1974 THROUGH DECEMBER 31, 1974 ...... ................. --- THE FOLLOWING IS THE FINANCIAL REFORT OF THE LEAD INDUSTRIES ASSOCIATION, INC. FOR THE CALENDAR YEAR 1974, DELIVERED IN WHOLE DOLLARS. % AS OF JANUARY 1, 1974, THERE WAS $114,500 AVAILABLE FOR OPERATIONS. TOTAL RECEIPTS FOR THE YEAR WERE $894,500. DISBURSEMENTS FOR 1974 WERE $937,500. THE YEAR-END BALANCE $71,500 HAS HELD AS FOLLOWSt $59,700 IN COMMERCIAL CHECKING ACCOUNTS $ 9,800 IN SAVINGS BANKS ' ' $ 1,900 RECEIVABLES AND DEPOSITS /' $ 100 IN PETTY CASH /'' At OPERATING FUND SUMMARY* THE RECEIPTS OF $894,500 WERE DERIVED AS FOLLOWS* ASSESSMENTS ON PIG LEAD SALES ..... MEMBERSHIP ASSESSMENTS ................................. ALL OTHER RECEIPTS............................ $658,700 $226,800 $ 9,000 DISBURSEMENTS OF $937,500 WERE DISTRIBUTED AS FOLLOWS* ADMINISTRATIVE EXPENSES PROMOTION DEVELOPMENT PROJECT EXPENSE ................... $276,600 $660,900 j CTS-.. PWSHPS LU?1337 --Mu t f' _______ _ "'"rr~ - , .m.^.m...-->- '>-..to. PAG* -2* * SOLDER MANUFACTURERS TOO I TBS SOLDER MANUFACTURERS FUND KM SPONSORED BY THE LEM INDUSTRIES MSN., INC. BUT ITS ASSETS WERE NOT CONSIDERED THE PROPERTY CT THE ASSOCIATION. THEREFORE, IT IS NOT NECESSARY THAT THE SOLDER MANUFACTURERS FUND BECOME A PART CT THIS REPORT. ft. THE BOORS OF THE ASSOCIATION HAVE BEEN EXAMINED BY PEAT, MARWICK, MITCHELL t CO., CERTIFIED PUBLIC ACCOUNTANTS, WHO HAVE MADE A COMPREHENSIVE CHECK OF RECEIPTS, H DISBURSEMENTS AND BALANCES, AND HAVE FILED A REPORT FOR 1974 WHICH INCLUDES THE FOL LOWING CONENZ> "IN OUR OPINION, THE ACCOMPANYING STATEMENTS OF RECEIPTS AND DISBURSEMENTS V- **'. ' 'V 4 i fe: AND CHANGES IN FUND BALANCES PRESENT FAIRLY THE RECORDED CASH TRANSACTIONS OF LEM INDUSTRIES ASSOCIATION, INC. FOR THE YEAR-ENDED DECEMBER 31, 1974 ON A BASIS CONSISTENT WITH THAT OF THE PRECEDING YEAR. THE SUPPLEMENTARY DATA INCLUDED IN SCHEDULE 1 AND 2 HAVE BEEN SUBJECTED TO THE SAME AUDITING PROCEDURES AND, IN OUR OPINION, ARE STATED FAIRLY IN ' ALL MATERIAL RESPECTS WHEN CONSIDERED IN CONJUNCTION WITH THE BASIC FINANCIAL STATEMENTS TAKEN AS A WHOLE.* COPIES OF THE AUDIT ARE AVAILABLE TO ALL MEMBERS ON REQUEST. E: Y SUBMITTED APRIL 9, 1975 R. V. CRONIN, TREASURER I