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FILE NAME Cape Asbestos CAPE DATE 1978 Apr 7 DOC CAPE176 DOCUMENT DESCRIPTION Memo to North American Asbestos File Re liquidation of NAAC Legal - Tibbs Case Exhibit 74 fee DepDep No. N ExoN.o. 2 2 For 1.D. as of 3 25 x6 an M Gelab 7 April 1978 0440604406 ELCTRONIAY FILED - 2023 North American Asbestos File Oct A. R. Sarabia 18 12:30 NAAC the Illinois corporate subsidiary has been 12:30 liquidated I understand An independent Illinois corpora- PM tion with no shareholders from Cape Asbestos or any other - English or South African company has been organized This RICHLAND is Continental Products Corporation CPC It is my under- standing that CPC will act as commission agent for the future sales of asbestos from South Africa It will handle the United States Canada and Mexico I believe - COM ON The South African mines and Egnep which supplies amosite Liechtenstein subsidiary organized primarily Cape Blue Mines will now sell to a new by London which is called Associated Mines Company AMC AMC in turn will sell PLEAS Canada the U.S. and e.g. Mexico will be Mexico Hence AMC invoices the invoices going to However because shipment - is being made from South Africa an agent or office for AMC in Johannesburg will perform this invoicing task Since CPC has the chore of following through on the shipments payments etc. copies of all invoices are supposed to be airmailed to CPC here which continues at the same address 203CP41759 and phone number as before held by NAAC Gerry Morgan was in Mexico City in January of this year and is supposed to have explained the new corporate arrangement to Eureka group of companies officers namely the Suarez Hector Vargas and Gustavo Herrera number There is one remaining Promissory Note running 21 which is supposed to be paid I believe 24 to NAAC April After would be better then go back to some discussion Joan Holtze and I decided it to wait until that Promissory Note is paid and Hector Vargas and explain the new corporate set + PLAINTIFF'S # 19581958 050003 050003 A APE000386