Document MJO1zRKMvdKejjgNy65B6v0NV

MiUUDY'ii ai.AiSUji.J-i uv 11\ y J2jJ m.Mji'i toio USINE88 A PRODUCTS PRODUCTION Paul. Minn.; Green Island, N. Y.. and Hamil ton, O. 'Normal Operational Company 1* primarily cars and Trucks produced by Ford Motor In addition to peacetime plants, company Klgaged In the manufacture and aale of autoFTSbilej. producing the "Ford." "Mercury." Cenod. eadnDdeca.s3so1)c:iated foreign concerns (years oinpcelruadteinsgmath>ne.y. ptWlxarnitlnlto--sw.t.hroRo.uu.sgn.hoaMuntic.t.hh..e, c^booumntbryer I-Lincoln. "Lincoln Continental." "Lincoln Year Q]Frd Lincoln plant, which were financed by Defense Plant "`-jatom" and "Llneoln-Zephyr" line* of pu ia?i 1,013,959 Corp. nier care, the "Ford'' line of commercial 1922........................ 1.351,333 5.512 A subsidiary has a concession on about , and the "Ford" hue chassis. The predeor company sold its first automobile in 1923____ ________ 1924 2.090.240 1.903.774 7.875 3.470.000 acres of jungle land in the state of 7,053 Para Brazil, for rubber development, of r, 1903, and there had been built and sold 1925..................... 1.990.950 8.380 which about 20.000 acres has already been re than 7fi.000.000 Ford cars by April 8.1040. 1926_____ _______ 1,655.076 8.8358 brought under cultivation. . Company has also been encased at times In 1927 > past in the manufacture of tiactun and 1928____ ____ .planes. In the aprlnc of 1939 It started pro- 1929........................ action at the Rouse plant in Dearborn of a 1930_____________ r Una of lightweight tractors and lmple- 1931........................ iits, under license from Barry Ferguson, 1932.1....................... yd., distribution being handled by the Fergu- 1933 oa-Sherman Manufacturing Corn. Far 1939. 1934_____________ atput totalled 10.233 units. 1935_____ _____ 'Company produces a considerable portion 1 the raw materials and parts used in the .eduction of Its motor ears. It manufactures nd either usee or sells numerous by-prod- t*. Affiliated activities lnciuda the operon of coke ovens, blast furnaces, steel nulls, 1936 1937 1938_____________ 1939_____________ 1940_____________ 1941_____________ 454.601 818.734 1,951,092 1,485.602 762.058 431.391 502.992 858,784 1.242*346 1.194,525 1414.705 759,759 941,166 1.035.188 1,085419 7-6-..-13-46--12 7.672 3,515 3.592 3,388 2.007 2449 3.915 22,001 29,293 19,751 22,578 24,021 17,758 MANAGEMENT Officers Henry Ford, President C. E. Sorensen. Vice President B. J. Craig, Vice-President and Treasurer H. L. Moelcler. Secretary and Asst Trees. H. E. Schluehter, Asst Sec. A Asft Treat. Directors Henry Ford, Detroit Henry Ford H. Detroit Benson Ford. Detroit Mrs. Edsel Ford, Detroit C. E. Sorensen. Detroit H. H. Bennett. Detroit M. L. Bricker, Detroit is factories, paper mills, cement plants. CDCars and trucks. B. J. Craig, Detroit . plants, etc. Miscellaneous activities in- PRINCIPAL PLANTS A PROPERTIES ude the operation of machine shops, electric R. R. Rausch, Detroit Annual Meeting: In April. rer plants, ocean vessels, infra freighters Company's principal plants are in the Number ef Stockholders: Dec. 31,1940. S. niy barges. v-i-c--in-- i-tvy--o--f--D--e---tr--o--itf.--Mi--c--h--..--,rpar--ti--cularly--e--t Riv.e--r -N-- u**mwberva- t mEm^pSlVoJyeeuefis: DUewc,. v341t.1fit9fi3le9,191417.V0U0V0.. mTnLer.e,, -arr-e. varlou* awociated con.paniaa in RThouegeR,oDugeearbwoqrnrk. *'Hidgehlluadned Pp*o>wrkearndanDdetlrigohit,t bocrenn. oMriecfh.Office: 3000 Schaefer Road. Dear- eign countries which have contract rights make "Ford" products and market such ducts In designated territory. Such con* pla.n..t. glass factory, blast furnaces, open hearth furnaces, steel mills, f_o_u__n_d_r.y., coke ovens, cement mill, paper mill, tire plant, tool Earnings: In June. 1936, It was announced that sales of automobiles and other products In the 3_2 yea_r_s__s__in_c_e__o__rg__a_n_i_z_a_t_i_o_n to__ta_lled ** aunud die mshwoptus., machninec isnhuoypas anud tlabpowrawtonriceas,. S12.95143S.028. i.LLBaObor, materials* uanod utauxceas mIn Aauares, representing in the total a plant area of about the period amounted to 212,199421,884 and .ffence, ana cologne, Germany. 1200 acres. Manufacturing units at Dearborn, commitments made, accrued taxes and wages Defense and War Operations: Company Is Mich., produce car parts and automobiles. amounted to -$-6--0-,-0--0-0--,0--0-0; leaving a prodt of 'producing various products essential to the Besides U plants In the Detroit area and 5782.oi 6.144. At the same time It was stated war effort, Including planes, reconnaissance smaller plants in other parts of the country, that average profit to company per car was ears and tanks. company has plants at Northville, L'Anse, about $20 and that company did business Peauanung, and Iron Mountain. Mich.; at St. directly with 4,000 concerns. BALANCE 8HEET8 COMPARATIVE GENERAL BALANCE SHEET, AS OF DEC. 31 (As reported to Massachusetts Commissioner of Corporations) ASSETS 19,1 1940 1939 1958 1937 i "7*7*---- -----------.--------------------- 514S.924.800 *134,058,274 *129.309,939 H30.398.265 *122.375.918 I Machinery, equipment, ate----------------- 200.609.8E3 187,823.423 133,875,337 145.006.011 125.645.403 Inventory---------- -------------------------------- 142,748.017 101.469i372 87.499,430 83,237.332 135.943485 Investment. cash. receivable*, etc.. 230.580.918 288.922.878 309.215.442 307,973.616 31748749* famd charge*------------- 798.761 918J38 2.010.803 6,861.0*1 *470.439 1936 *123475.143 118.519474 95.002434 378.119.715 2.442400 1935 *141.004.515 91,536.808 68.568.702 377,310.318 3.129488 Total___ LIABILITIES (Capital stock (par *5)------------------------(Account* payable, etc----------------Jtoerve*. etc.------- ---------------------------profit and los turplu*------------------------ *718.080.357 *17,2*4:500 <8.980.406 19.738.920 812,678.531 *713.189.884 *891411.949 *17,284,500 70.425,746 . 17,871.249 <07,628489 . *17.264.500 59-634,537 13.873.406 <01,239.506 *673.496484 517.264.500 57,521,618 9.888.891 588.821 475 . *704.922441 *17464.500 70487.417 9.184,689 608.085.936 *717459466 *17.264,800 79.729,171 17,699,023 <02.666,672 *581449.929 *17,264400 70.346.432 10.961.346 582.977,851 Total -------- ----------------------------- *718.660.357 *713.189.884 1891.911449 *673.496484 *704422.541 *717459468 *681449.929 (SIneludes patent! and trademarks. Securities in 1940. 1937 and 1936 are carried at cost [CAPITAL 8TOOK OWNERSHIP--All owned by members of the 1914. 100%; 1915. not reported; 1916. 60%; Jan. rL Sard Mater Ce, capital steelq par JSi Ford family and the Ford Foundation. and Feb.. 1919. 100% each; subsequent pay DIVIDEND RECORD -- Complete record of ment* not reposted. dORIZED--20400,000 share*: outstanding, distributions slnca Incorporation of th* com As a result of Dodge Bros. suit, an addi .2,900 shares; parts (changed from par *100 1934 and 20 par *5 share* issued for aaeh r *100 share) pany not available. Payments reported to date include cash dividend of 100% paid In Soot.. tional payment was-made In Fab.. 1919, aggre gating 519475465. IWP4X*L ^structure (FUNDED DEBT Issue ~L Amer. L a. Chem. Corp. gtit'conv. deb. Ml*. 1949 .1.________________ "TAL STOCK ... Tnuf *" ....... -- J L -Common^ A - ------------------- ' * tL Common. B I since 1934. (ge.n. .i.w...rty.A4ie-4..s. r*foe. a I.CUMTTMuiamnmaeatesa.r..f..fenM'; Amount - . Charges Earned Interest Rating Outstanding 1041 1941 Dates Call Price -A Par Veto* No gar *11750,000 Amount Outstanding 527.673 sha. 2,060,000 aha. ............................ 1047 Earned per Sh. 1942 1941 *4.75 *5.61 -- 0.46 046 MIAN Dir*, per Sh. 1942 1941 NU *3.00- Nil 040 100 Call Price see text Price Range ' T 1942 , # 1932r-42 lW%-10ir 117)4-54)1 Price Range 1942 1982-42 52)4-45 ' - 09101)4-30 General Aniline Works, Inc. end assumed the amended, end ordered and declared such --f&vuoipdrated In Delaware. Apr. 26, 1929. asi IAmerican I. G. Chemical Corp. (present title I adopted Oct. 31.. 1939) under the sponsorship Iff I G. Farhenindustrle Aktiengesellsehaft to (foster and finance the development of ehem(Mal end allied Industries in the United States find elsewhere. Upon formation acquired (1) present name. General Aniline *s Film Corp. On Dee. 28, 1939, General Aniline St Film Corp. i.ierged Agfa Anaco Carp. (Del.) and Issued to minority stockholders of Agfa Ansco. one share of Its class A stock for each three shares held. On Sept. 30, 1946, merged Ozalid Crp-. wholly-owned subsidiary. The General share* including all Interest therein to be vested in the Secretary of tha Treasury to be held. used, administered, liquidated, told, or otherwise dealt with in the Interest at and for the benefit of the united States. Such property and any proceeds thereof s--h--a--l-l b--e----h--e--ld- In a s.pe--cial a--c--c--o--unt'p. en_d.ing- 400 shares, or 45% (later increased to 100%) Aniline Works, division. Agfa Ansco division further determination of the Secretary of,th Of the outstanding capital stock at General end Ozalid Product* division of General Ani- Treasury. This snail. not be deemed to limit Aniline Works; Inc. (formerly GrassaUl Dye- line * Film Corp. continue tha operations for- the power of the Secretary of the-Treasury Pst<uffmClo-rpf.PwrhipcehlewrraVs.sol.d I1n-Ci--* b--y Grr.<a-sWaa--ll.l m' IenrlyFecbo.n. d-1-u9--4c-1-t-e.--dc-o--bm--y-p--ta-h-n-*-y--m-s--oe`lr~dgJ1e-i-td-s--c-5-o0-m-%--p--Ia-n-n-t-ie-e-rs-e-.-s*t -toIof.ro.ertut.orIni.nesdui.cc.ahtt.epIrthoh.pa1eturctoynmo-prnethnnesSaptrinoocnerweildillslnntholettrbaeo- (PX. da Pont), and. (2 120,000 rrmmnn ihaTCS.. In American Mipwinm Corp. to Aluminum 40%; and 20400 ` or 40%.'of t'_i_t;__7_%_. Co. of America- .......... p Earned in Jplrlefmerdreadr Noef wAYgofarkAlanwasco; wChaicrph.. SUBSIDIARIES................ paid in lieu thereof. If and when it should be determined that each return or compensation should be made. ...... Any person not a nationalof a fdreignemm- itepiaeauted a merger of Ansco Photo ProdItetis. Inc;: Agfa.Products. Inc..and Asa Raw; IVUm Carp. I'In May, 1932; Agfa Ansco Corp. was recapInulnd under a plan whereby holders of aaeh. (share of preferred received four shares of new [eemmon. and aaeh * shores, of- common ro As of Dec. 31, 1942, owned 100% of the vot ing control of the following: --Agfa Ansco, Ltd., which transacts photo graphic and film business In Canada. -Agfa Raw Film Corp., which has the exclu sive sales agency for 35 nun. motion picture film made by Agfa Anaco division. ved ohe share off haw ennuis mj A total af try designated In Executive Order No. 6589, as amended, asserting any interest In such shares or any party asserting any claim aa"e result of this order may file with the Secretary at tha Treasury a notice of hla claim, together with a request for' hearing thereon,' on form TFVP-l within ona- year- of tnedste of this - ____(Teb.-lS,. 1942), or within aacb, further time ssmsy besilowedbytheSoCTetaryofthe Treasury-^^i rpoio hsteMfoeflov. V J/l*e> ' shsrw nwMmti m moi.Amarican Sterling Products^ Irievbut is antitied tivelect toThe ehares*covered by (be abode ih jW cosHS Jj ChemleafCorp-<nsn*<l'2gL*6ti thmse* ' f. Ansco-itodtcrMM)) hutioaotratiwaaL- [ ^ir wilhnff'irtiftfM' : ttt tndtvldflal Qarmaai aationalat pd to"*bout'77%: fa March/) UR'tiy'the JlUT.tba Sacratuy ofthe Tra^ ~~ dtioni of: 140DOff addittonal: share* and United SUtet. usder an Executive Sfhamijmaan,- Switzerland r BtlF faernajsff tff ahoot g2%hy< Eepti; 'tha anthority,ef ttoa Prei- *harm_iapnMiama s Ansco Carp- New York, we* sue- ad BtetaaiendaivthJTrtdbkC P*** CbmTnmchwi .ye TMIawiaioBqM--ttefacffaiegama _ _t AprtLiinst - IfOct YI/782S. 1American Efi OUiCbatidtel thw~tetiti*ri:cffn^Sute`pifiibfSitic?0o5>,ff _ M*iseml|.|lweeslT|i i I -l-liH.-y riasigTrsraff'te RfieeuttVe^OrderJNa -389;;'aa teat IndustiS'fch: AUVt* Muuur-a MANUAL OF INVESTMENTS dam. Holland: 300.000 class B shares in name No. Full No. 50% Aggregate Agfa Ansco Division: Plant at mTM*-- of N.V. Meatschappij voor Industrie en Han* As of: Pd. Shs. Pd. Sh9. Market Val. N. V. comprises 58 buildings. ManS*3~' delabelangen. Amsterdam, Holland: G00,000 Dec. 31. 1940 56200 28.600 $9255.530 a complete line of photographic aiatsmatrL class B snares in name of Chemo Maatschappli Dee. 31, 1939 56.300 28.600 9237287 eluding cameras, films, papers. chemWkTL" voor Chemlsche Ondernehmungen, Amster Mar. 31. 1939 58200 28.600 11.496.666 many other Items of equipment. dam, Holland and 500,000 class B shares In name of Banque Federate (Eldgenosslsche Bank, A.G.). Zurich, Switzerland. By vesting order dated Apr. 24. 1942 the shares held by Secretary of Treasury were transferred to the Alien property Custodian. As of Dee. 31,1942 the following shares were vested In the Allen Property Custodian: Shares % of Voting Power 4G1.1S2 Class A 17.89 2.050.000 Class B 79.53 Note: As of Feb. 15. 1943, the Allen Property Custodian held an additional 16,207 class A shares., BU8INESS PRODUCTS Banks aa one of the leading domestic pro ducers of coal tar dyes through the business formerly conducted by Ceneral Aniline Works, Inc. Company also is one of the leading menufacturers of photographic products, including films, sensitized papers, chemicals and cameras through the former Agfa Ansco Corp. The Ozalld Products Division manufactures dry developing white print nepers and equipment ftomreisigf 4n;..TioyrntSevratfon* Mar. 31. 1933 56200 Mar. 31. 1937 58.800 HINot reported. 28.600 11270.039 32.600 13226239 Standard Oil Co. (N. J.l investment; Ossiid Product* Division! Plants at I*, son City. N. Y.: Detroit Mich., and Osk2? vVCe*allno. np1lMnngar nmuaafacpchhtiunlfrleMess, Oannzadal lIldn wi<t*stacoltoneaapMtrilnsnig^t anrl$5 dswaZ As of: Carrying Shares Value MV/aarilukoeet maneadntosuthetensr itmizeasteetrnhiaeeluspaupseerds,iInfoitlnhse. streaemjtnae"ceTMiS^!H*., Dec. 31. 1942 53 31274 32,443 The ozalld reproduction process yields a-<2 jDLeel'. S311. yDeecc`. 3311. 1941 1940 1939 153.035 203.053 203.053 4.106.963 5,642.550 5.642250 6289.211 itive print In black, blue, or maroon Una *8.9"TM79,9"47* a* white background. The largest m 8.908.950 peermmiitt re__p_r_o_d__u_c_t_i_o_n o_f drawings at - --w Mar. 31.1939 220248 6.739.193 10,034234 up to 20 ft. per minute. Mar. 31.1938 Mar. 31.1937 289225 351.025 9297.418 12.191.604 The division's Ozaphane Department Is m. 25217.678 eemed with development of a new tSL*; Note: On. Apr. 24. 1942. 153.000 shares of sound recording on thin cellophane anatvm? Standard OU Co.(N. J.) were sold for 34217225. ducticm by means of a beam oflight Sterling QjDnig, Inc. Investment: photoelectric cell. Also produces film fordo! ., _ As of: gee. ;* *e- -* jTM 2ec- JL Dec. 31. 1939 JJar. 31. 3II1:. IlS?* Shares 30.580 30.580 37280 37.880 55230 55230 55230 Carrying Market plicating microfilm negatives as well aek Value Value machine for prlntinr and developing thie g>-- $1,475,485 $1,895,960 Also reproduction of microscopic printed 1.605.450 1.605,405 Ml . o, 2--2--5-0--,-6-2--7-------------2.424220Eastan Laboratory: On Jan. 25, 190. on. 2250,627 3.030.400 kaiiv awwntfMnAel 4V, e 4 14a waeie -- -- -----------* t *tefcA- 3.481.658 3 "" 3.481.658 2. 3.481.658 3,748.608 creased In number. U""J"F--o--r-m---e-r'ly Sterling Products. Inc. MANAGEMENT PRINCIPAL PLANTS A PROPERTIES Officers General Aniline Works Division: Comprises two plants, one located at Rensselaer, N. Y, Robert E. McConnell. Chairman and Prm J. S. Bates, Vice-President . Company Is now completely Americanized, having an Iintegrated research end deveelloopp.- having an area of over 50 acres and consist ing of 27 b7uTilditinr/gisn; -th..e^orril7ierr.arit LTiTnndiieTnt..' VNr. T7i.i ment organization of at least equal calibre KSHBjSL* PeS,t^i twwoMhitcehhtai t .cAoomfffipethemenvv Ghheeerrrmeeattoonffoocrreehemddeeipcpaeenlnddteerddu..st on Company's activities and facilities have been directed to the fullest extent to the war effort. A' portion of assets is reDresented by and a portion of Income is derived from invest cipally I--n p__ro__d_u_c__ti_o_n_ or a c_ omplete lliinneeaorf dyestuffs and intermediates including vat col. ers, acid alizarine colors and naphtols used by the textile Industry, In addition to textiles, divisions products are used principally In leather goods, paper, paints and plastics. E C. Williams, Vice-President W. F. Zimmer11. Vice-President W. L McNeill. Vice-Pres, and Cantr. D. B. Dyche, Treasurer F. A. Gibbons, Secretary Directors Robert E. McConnell George M. MoHett E. C. Williams Robert E. Wilson ment holdings, the three largest of which are Also manufactures textile auxiliary products Annual Moating: Second Tuesday in April ' given in tabular form below. used in dyeing and finishing processes In For further details regarding products, see cluding Igepon, a soap substitute; Tanlgan, a plant* and properties, below. tanning assistant; Emulphon, used In rubber Number ef Stockholders: Dee. 31. 1940.666. Number ef Employees: Dec. 31.1940. 5,100.. I. G. Cbemle Investment: trade: Nekel, a wetting agent; Raraaalt and General Dfficec 230 Park Are.. New Yarte . . No- Full No. Sl>% Aggregate Hamasol, used for waterproofing fabrics. General Aniline Works Division. 435 Hudson As of: Pd. Sha. Pd. Shs. MsrkstVal. Also produces carbonyl Iron powder, used In St. New York: Agfa Ansco Division, 29 Chartas Dec. 31. 1942 56.300 28.600 O______ high frequency radio reception ana trans St, Binghamton. N. Y.: Ozalld Products Divi Dec. 31. 1941 58.300 28.600 ID mission. sion. Ansco Road, Johnson City, N. Y,. INCOME ACCOUNT8 COMPARATIVE CONSOLIDATED INCOME ACCOUNT, YEABS ENDED DEC 31 (Taken .from reports to Securities and Exchange Commission) 1342 1941 Gross sales, less returns, allow.., etc______ fCost of sales--------------------------------------------------------------------------------------------------------Selling gen. 8c sdmin. expenses----------- ---------- ..........._____ _________ _______ _ $43240.715 25.566272 5.195275 3263218 $41287,403 25,429.178 5204.44$ rPComm. to Gen. Dyestuff Corp. (sales agent)___________________________________ 130249 "*58278 Prov. for doubtful accounts 9.084.703 10.895202 Operating profit_________________________________________________________________ 878,448 1,883.523 (^Dividends received- 33295 ^ *124.299 127276 139.550 Discount (rapurchasei 1.1-1111111-1.1IIIITI____________________ _________________ ` 482,328 140.312 Other income_____________________ --___________________________________________ _ 10.416.CS0 12291.385 interesto^deben 984271 119,602 L070X13 BIB 1 SJAmort of debt disc. 8e expanse 18.638 38.733 Other Interest_____ __________________ ______ _____________....____ ________ _ 283,623 63,117 Discount on sales__________________________ 408.048 Additional compensation_________________________________________________________ 113267 Loss on plant 8c eo. dismantled --____________ _____......___......________________ 782.208 Provision for eontinrenclee 92,517 280277 Other Income deduction*__________________________________________________________ 82iB.ooa .10.035223 Net^ipfit'on'aecurttiea'sord ProvB.afolainFceed_e_r_al Income taxes_____________________ CEProv. for Fed. excess profits tax___________________ 8.918.000 1252234 4.182200 10,035423 1.690.590 4220.001 1940 $28211.499 18.748.960 4232.485 82209 5447245 2.022.001 158.711 . 103,522 101242 7253,321 1232,440 LI' r`1 01939./ $25203219 18,934.441 42672*4 . 520120 1JS2JM SlS.tei . 1232a :. .: ,,742M 6273,07 1233.44* 189,976 337234 507.020 5258251 $260,051 .1244294 115,000 ,4219242 1J77,$13 ' --- -- --i-iirtSN Nat Income to surplus___________________________ IBEaraed surplus, end of year.__ _ _______________ mother surplus credits____________ ________________ Dividend* A common _______________________......... Dividends B common_______________________________ Trsnarito-approp. earn. surp._______________________ IBOther surplus debits______________________________ 83.483.467 6.801297 2249286 . -- 34.115.731 3.370,404 2.000.000 '. 1287,813 . 615.000 391.720 $4,106,057 3248242 i,4555I 563.750 1.000.000 1.065244 SO.OOUm* 1.7533$$,/ X*2& 'i32jcUI IPBarnad surplus, end of year___ __________ __________________________________ Supplementary pi Sc L data; -. Maintenance . & repair*________________________________________________________ , Dcpr., deo). * amort. -Taxes, other than income taxes Rents fir royalties___________________________________ Parentjeompeny'a sales Parent company's net Income Eoutty ln earn, of sube. corn. _ Dividend#-from subs. cons._________________________________ __________,___________ ImiltTrln earn, of subs, tmeona._______ __________________________________ ___ __;i' Dividends-front subs. ancons. ._______ ;______________________________;___ ;____ :____ $13224,450 $2274285' - 1255.187 1246242 236.689 $42219.722 9205.791 - 651.057 50.000 .3.785*x ' NU.. ' $291297 -$3270,404"' t 1255203 1.684214 ... .767211' 238251 $26,920,117. 3286.004 ... 129,453 ,10200 Nil., .fan* -:N" ''HJlnt order to reflect continuity of opera- (Jin 1941 also deducted."from. gross'sale*. forttiepreglatioc tei conform. tiboaftetyearended Dee. 31.1939. above state- commission* amounting to $4213.16$ pald-to tee-henacf such aaaate.(jnjdu: mast of consolidated profit and loss and run- Genera] Dyestuff Corp., sale* agent VVffeaenftngrastorajtoorof filii* tertestyearinehnfe* the operations of In 1942 amount of commlaatona paUt'shown mento..written off In-pci tM-OteurrahAnUiner Work*. Inc.-and Its sub- separately In statement '" ' restoration of nnmno iddlaxyrfrom Jan. 1 to Oct. si. IS3* (date of (Pindude related portions of Item* shown panes-applicable: to, rnargerwittrperant company); /fl AtaAnco under ''Supplementary dattoTibelew ture"teJ:-teteLrM20J4tt.2 CprpittfNewtYork) god-Its suMdiarle* (ex- statement.--t.;%it .bvr(.'!i4f*e7,^a.YTm*P,etia(.marbetoW*beqtBtttee iiiinisasid rsusillsii snlwIiTleicl fimu Tbik-it,.-ainelude.dlvtiwnda------- ..-'itekASKiJMgMbjiijfddaatata* oogr mximenerra<r.iwsrIlOthV( Agffgi-' ti"onaie- G~esaRacha-ft- fuertCbgnlectimtUtreiw>, Mi94928j: . T' Alitnn Card-a-n----d-- --(-3--T--A---g--f-a Axpwo'C-nrn. n--e.h..m....u..n..e...e..p..i.-.A...-...O......r..B...a. .a..i.e...,.8..w...i.t..z..e..r.l.a..n...<....>..(..9....4...k....i.a..c..l...4...1..s..Y..r-a.n-fgr.r.edi : .IDafcVandlanbglfflaTtoa (exchrclve of Canadian none: 1941. $450,626: U40.$64$JBUUSfc$Ma.<ah. nrplnl.J.W0JI-.. spbiB*ry) frpm Aor. 16 to Dec. 39,. 1939 (date -(BPrlnclna) .-"other aurplueiiuetflte'nfnBewt Jellfifi!:Oaln< on rourement _ . otmerrsr wlth paresti eosnpany). - . 1242: Adjuataenf of fixed senate ami neervee bpntoraa^ JTacquinecLbelcrwifa  Hajk, MOODY'S INDUSTRIAL MANUAL 311 P piu* jimilsr optional pay- 4. Subsidiary Oabt: rimton* Tire & Rub (HO par shares subsequent to 400% feTS'nu'wm retire M% oi issue be- ber Co. 9i Canada* Ltd., deb. 1990: stock dividend) 55r SinJcln* fund redemption pric Auth.. 320,000.000; outJtg., June 30, 1965, L930__ 1.45 1931-32 1.00 1933__ 0AS ^rmined. ^T^y/ISjrriONAIi DEBT-- Com- 320,000,000. Dated June 30. 1965; due each June 30, ISTl-^o aa follows; 1971-79, 3500.000; 1930-68, 1934-03 1938__ 1941-43 0.40 1J25 140 1936... 1.40 1939__ 1.00 1943. 2.00 1937... L.00 1940__ US y end It will not permit any sub__?Lt subsidiarie. substantially aU $1,000,000; 1989, $1,500,000; 1990 . 35.000.000; in terest J30 Ac D31 at Canadian Imperial Bank 1944__ 2.00 aharea) 240 194._ 3.75 which are located outside the "i. any Uen on its property wuh- ratably securing the debenTM eftor permitted Liens, including .P* property existing at time ol certain purchase money mort- *iim on property ol any corpora"*st time such corporation be- of Commerce. Toronto. Montreal or Winni peg. Callable at 105.75 to June 29, 1966; reduced prices thereafter to 100 alter June 29, 1988; not callable, however, prior to June 30, 1977 from money borrowed at an interest cost lower than 5%%. 1947-49 4.00 1950__ 540 1951__ 1951__ 1955__ (31240 par aharaa] LOO 1952 340 1953-34 140 (3843 par aharaa) 1955__ 2.00 1956-59 2.60 1960__ (no par shares---after 3-for-l split) 5.00 3.73 0.75 bsldiary; (3) iiens secunnt debt Credit Agreement entered into Mar. 1. 1966. 031960. 0.75 (XI1961-63 1.00 1964... 140 --TMr>any or a subsidiary by a rub- provides for borrowings up to 3100,000,000 1965__ 1.20 0)1966__ 0.325 1 "SiSn pledges of imported rub- to Dec. 31, 1968. Under this agreement, Co. 0400% stock dividend Oct. 28, 1929. ^SSdirSd by u. S. Govt.; (S) any issued note for $20,000,000 in April, 1966. 0 Also paid 2% stock in 1957-63. 1 W renewals of liens referred to in Proceeds added to working capital. 0ToJan.21. Jr^ilUsMACK ACREEMENTtthit neither company nor any sub- 5teasiSmt subsidiaries with substantially located outside the U. S.) may CAPITAL STOCK L Plreeftbne Tire A Robber common stock; no pan Dividends payable quarterly Jan. 20, etc., to stock of record about Jan. 5, etc. DIVIDEND LIMITATION---See description of debentures above. .r.y ..la and leaje-baclc transaction __ Tn. manufacturing plant owned deration in the U. S. on July 1, 1963 bwhere lease Is lor a temporary period ' *3oa with discontinuance of use of .Ml unless the company, within 120 AUTHORIZED--36.000.000 shares; outstanding, Oct. 31. 1965. 28,817.237 shares; reserved under employees stock option plan, 1.251,240 shares; no par. Par changed from 3100 to 310* Oct. 21, 1916 by 10-for-l split: from $10 to $25, Dec. 16, 1943; VOTING RIGHTS--One vote per share. PREEMPTIVE RIGHTS--No provision. Under Ohio laws entitled to subscribe to additional stock except that which may be released lor employees. Mies proceeds of such sale to redemp- share for share; from $25 to $12.50, Oct. 25. LISTED--New York and Boston Stock Ex *dabenture at optional redemption 1951. by 2-for-l split; from 312.50 to $6.25, Jan. changee. Unlisted trading on Midwest Cin 25. 1955, by 2-for-l split; irom 36.25 to no par, cinnati, Detroit and Pacific Coast Stock Ex OH DEFAULT--Trustee or 23% of Feb. 23. 1960 by 3-for-l split. changes. ns mey declare principal due and . (30 days' grace for interest payment). H>_(n3,000,000) at 99V (proceeds to 5M%) on June 20. 1963 by Harriman i Co. Inc.. New York, and associates. .URE MODIFICATION -- Indenture 1910__ 1913_ Dividend Retard (Calendar Years) 3100 par shares) $2.50 1911__ 35JO 1912.-, 10.00 1914__ 1110 1915__ 17.75 1140 TRANSFER AGENTS--First Nationel City Bank, New York Company's Office, Ak ron. O. REGISTRARS--Bankers Trust Co., New York and Firestone Bank. Akron. O. , modified, except as provided, with [ of 6614% of debentures. __For savings banks Id Me., Mass.. N. jf (5X--*Proce<iJ to repay 341,400.000 de tank 'oans; balance lor working 1916__ 1916__ 1919__ 1922-23 20.00 (HO pa* ffiarM) 1.00 1917__ 4.25 8.00 1920__ 6.00 nil 1924__ 4J0 ma__ 1921-- 1923__ Note: Authorized, 150,000 shares cumulative preferred, par 3100. None outstanding at Oct. 123 31, 1964. 140 Sleek Options held by certain employees at 140 Oct. 31. 1965 on 516,347 common share at aver 1926-27 7.00 1928.. 1040 1929--, 08.00 age price of 335*08 a share. GENERALANILINE & FILM CORPORATION /l6 r*L STRUCTURE Times term debt Issue Rating Amount Charges Earned Outstanding 1965 1964 Interest Dates Call * Price Price Range 1965 1964 lt% notes, 1967 ------ CD-- $5,500.0001 37.S2 30.17 IJ&V 1 See text ;Stt% notes. 1972 ffi.. $12,750,000/ lM6cS 2 See text STOCK Imu. Par Value Amount 0Earned per Sh. Outstanding 1965 1964 11.966,131 shs. $1.10 .80.39 Dlvs. per Sh. Call 1965 1964 Price 30.30 Nil Price Range 1965 1964 032U- 23 039V- 38% Lga ^11,966^131 shares. GQPrlvateJ^ held. EENew common; old cj* A.Vt83l5. 0Since listing; for entire year, 4ltt-23. In Feb.. 1958. acquired -Reproduction Prod Company owns 49% Interest In Chemical r poratea la Delaware, Apr. 26, 1929. as m I. G. rrhemieat Corn. (present title i OcL 31* 1939) under the sponsorship ucts Co* Detroit. Mich., engaged in oaoer costing; now operated by the Photo 6c Repro Division. * Development of Canada. Ltd., formed In 1949 by company and Dominion Tar Sc Chemical Co. to manufacture organic chemlrsls. L-G. Fsrbeaindustrle Aktlengesellscbaft to In 1960 purchased the assets of Grant Photo BUSINESS A PRODUCTS Jar sad finance the development of cfcem- Products, Inc. manufacturer of industrial Ranks as a Leading domestic producer of \ md allied industries in the United States photographic paper*. dyestuffs, chemicals, and photographic and I elsewhere, upon formation acquired (1) LHB shares, or 45% (later increased to 190%) FJthe qutrtandlng capital stock of General In Dec., 1964, acquired N. V. LlchtdrukpanHurftth^nlr "1W *+!'* reproduction materials. Bunneis is organized Into two domestic sales le production divi sions; the Dyestuffs St Chemical division and i Works, lac. (formerly Grmeeelll Dye- the Photo A Repro division with cor "P. which was sold in 1928 by Grasselll - -~i Co. prior to the letter's acquisition i Pont), and (2) 120,000 common shares, 6, and 20,200 sham, or 40%. of the 7% stive preferred of Agfa Ansco Corn. I in 1928 under New York laws) wbleh nted a merger of Ansco Photo ProdJ tc-> -Agfa Products, Inc. and Agfa Raw i Carp. jJAgfti Ansco Corp.. New York, was succeeded S A Delaware corporation of the same name _^*A#ri2, 2939. OcL 31, 1939. American L G. Chemical merged its wholly-owned subsidiary. Aniline Works, Zne. and assumed the 1949 Secretary of the Treesary of the United States, under ea Executive Order delegating the autharlty~og the Pres ident of the United State, under the Trading with the Enemy Act. found that 150,44s com* mon A and 3,050,000 common B eberee of Gen eral Aniline k PUm Corp, to be the property of nationel, of a foreign country designated In Executive Order No, 8300. aa emended, end ordered end declared inch ihane including all laterert therein to be veeted In the Secre tary of the Treasury to be held, used, admin istered. liquidated, sold, or otherwise dealt with In the Interest of and for the benefit of the United States. porate operating and staff departments. Operations of the divisions us aa follows: Dyestuffs A Chemical Division This division manufactures and sells bulk and specialty chemlrsls Including surfactants (used in detergents, cleansers and emulsi fiers); ethylene oxide; specialty products for textile, paper and rubber industries; inter mediates for dyes; pharmaceuticals and chemicals; chlorine: caustic- soda; carbonyl iron powders (used in radio and television equipment): high pressure acetylene chem icals; and ultra violet absorbers: organic pigments lor use in automobile lacquers, printing Inks, plastics, rubber, paints, etc. ed, sent name. General Aniline A Film Corp. _Oee. 28, 1939, General Aniline A film -merged Agxa Ansco Corp. (Dei.) and i to minority stockholders of Agfa Ansco. ^ahart of its class A stock lor each three ^ held. On SepL 30. 1946, merged Ozalld *'*'. wholly-owned subsidiary. Dyestuff A |w'Cr,*e" division. Photo 6c Repro division -' g*wporete operating departments con--the operations formerly conducted by ***fed companies, Ajjb.. 1941, company told Its 50% interest ^***can Magnesium Corp. to Ajnxnlnum w America. IP*****. 31, 1943 conmaay merged assets of L^fcoUy-ewaed subsidiary, Agra Raw FUzs fcwhleh was dissolved /unaX 1943. On Apr. 24. 1043, such shares were trans ferred to the Allan Property Custodian who aubaeauestly vested additional common A aharea. On Oct. If, 1941, the aharaa wen trans ferred to the Attorney General of the United .States. The vesting of the stock by Government gave rise to prolonged legal proceedings (for details see Moody's 1064 Industrial Manual) which were the subject of a settlement agree ment made in Dec., 19*3 and subsequently amended. Upon public sale in Mar. 196$ of all shares owned Ly the Government, super vision end control of company's business by Government under Trading with the Enemy Act terminated. Also produces dyes for all types of fibers and optical bleaches for detergent!, paper and textiles. Pitais A ffepre Division Ansco produces photographic products and chemicals for both the amateur and profes sional market. Also manufacture! medical and industrial X-ray films. Ozalld makea and sells a line of white print duplicating machines and sensitized materials both for dry dlazo, semi-dry and thermo diazo systems. Also has a line of related audio-visual products as well as microfilm equipment and sensitized materials. 1965 research and development expense! totaled *6431,30. _ : PLANT* AND REBEAJMH '.'rtv'bn-sr.'* K 1ML emuiyny mid lb lntmeel "^nathrop Chsmical Co. to Starhag Drug. SUBSIDIARIES Owns all voting stock of Ansco of Canada. LABORATORIES , i Dyestuffs A Chemical- Division , v- Ltd. (formerly Agfa Ansco, Ltd.), which Calvert City, Ky. Linden. N. I. 'Oct 31. 1983. company lasued 95.088 Qaaa A common for- entire capital General Dyestuffs Cos?., whieh wma M-July ii 1984. x. JW fonned DaUOmphie Systmne Inc, with Douglas Aircraft-Co. 100% eon- transacts photographic and film bmdnasn In nrf. a 100% owned subsidiary. .. General Dynstufl Con, wholly-owned tales company, has a subsidiary, General Dyestuff Realty Co. < >* c > ,, . . N. .v. Llchtdrakpapierlabrlek "Do Atlas", Netherlands (100% owned), manufacturer and (I)Easton. Pi. .. Peterson. N. J. ... HuntevlUe, Ala. .. ..j,. Rensselaer; N, -- v*--Photo A Repro Division' V.',' Binghamton; N. T. --^-- Johneoa Citjr W^T- , Arlington. Tax "`La Habra.'.Cal. r; Detroit. Mlch.l3';.t ."...Vestal, K. ~ quired in I960 and subsidiary dissolved distributor of dlasotype equipment and ma Elyria, O. Toronto, Canada terials. ,. ......... -<.i .................. - UJBeaaarch laboratory only. u - 312 MOODY'S INDUSTRIAL MANUAL w* Property Additions: Annual capital expend itures lor additions to plant and equipment wero as follow, I in *): 1965______ 22,693,000 1960______ 7,437,000 1964---------- 11,000,000 1959..____ 5.885.000 1963________ 8.454.000 1958______ 5.273.000 1962______ 12.680,000 1937_______ 13,104.000 1961............... 6.167.000 1956______ 9.731,000 I960 Capital (spmditnrH were authorized tor surfactant manufacture at Linden 8c Calvert City, Ky., heavy chemical plant at Texaa City, Tex.; experimental and pilot . plant coating facility at Binghamton, N. V. and increased production facilities at John son City, N. Y. MANAGEMENT Officers Jesse Werner, Chinn. 8c Frea. Francis A. Gibbons, Xxee. Vlce-Pres. S. H. Williams, Senior Vice-President Staniey Lewis, Vice-President D. C. Miller, Vice-President Leon Katz, Vice-President P. B. Dalton, Vice-President C. C. Schulze, Vice-President C. J. Hyland, Secretary A. J, Young. Treasurer J. I*. Betat*. Controller Directsrs Francis A. Gibbons. New York S. H. william. New York W, P. Marin, New York B. K. Howard. Chicago Jesse Werner, New York Mathew Manes. New York T. B. Berner, New York J. B. Bridcewood, New York J. A. Coleman, New York P. A. Conley, New York J. F. Cullman, 3rd, New York P. B. Dalton, New York O, C. HoBby, Houston. Tex Maurice Lazarus, Boston. Maas C. C, Schulze, New York L. R. Weaaeiman, Los Angeles, Cel 'M Alvin Zlaes, Boston., Mass. "JJf.l. CsunaPl: Herbert L- Abrona. Auditors: Haskins 8c Sells. .'JJJ Dlrecters of Purchasing: Dyestus Chemical Division, R. R. Gould; Phots Bepro Division, Robert Aubrey. *k Annual Mooting: In June. " Number of Stockholders: Dee. 31, l|n 1 ooo. Sv Number of kmployaoc Dee. 31, ijgg. Qttttraf OfflMt 140 Weft 51at St., York. N. Y. 10020. INOOME AOOOliNTS COMPARATIVE CONSOLIDATED INCOME ACCOUNT. YEARS ENDED DSC 31 1965 1964 1963 1962 1961__ Otom tale*. let* return*, allow., etc-- fflCo*t of sales________ _________ _ 5214.119.481 143,255488 gl91,082,063 3176459^46 128.033.643 119,135,032 *179.365.973 118.942,263 3163,228,890 UO,661,370 ^Selling gen. Sc admin, expense* .... 40,401462 37.321,459 34,704.720 33.929.976 35.655,057 KeaearcJi St deveiopznent expense*__ 8.482,443 8,009,061 8431,383 7468,949 7440,212 Operating profitIncome on aecurltiea (net)_______ _ Total ineozna ------- ^ . Intareat Other deductions (net) Balance Ptov. for federal Income taxe*_____ Net Income to rurplu*__ _ Camed *urpiu* beginning of year__ Divldenda ..........__ _____ ..._____ . ID Other surplus debits -- - _____ CEEamed eurplus, end of year... SUPPUEMEPiTARY P. Sc L. DATA Maintenance and repair* ___ __ ___ Depreciation and amort. ............. E"QTaxea, other jaconig .enta ____......_______________..._____ Royalties ,, ____ _ _ _ 22,000^88 1.40934C 23,410,133 662370 crl.455364 24303337 11,027,000 <13476227 139211,595 3.569240 $149398,082 $10393377 7,435,761 3.930,403 2.799.929 327,415 17.7173M 1/33325 19251.725 700233 crl .892.761 20.443253 9,737,614 $10,705,939 128^97,656 crT08,000 5139,811295 $9,938,563 7,231.626 3,278^1 2,990,404 456,900 14,588,111 US9417 15J77.428 763,306 cr1^53.403 16,467,525- 8^78482 $8,088,943 120^08.713 ___________ $128^97.656 *9265.578 6276228 3.466241 2,441255 23L725 18,924.78$ 1.361,226 20^6.111 828J69 cr S7J71 194*4.513 9,977.500 $9.567413 111,980,130 1.238,530 $120408,713 $8,691,079 6.224,098 3.455492 2.044^23 175,641 9,672.220 1,054.048 10.726,268 893,669 214,459 9,618.180 4,808,600 $4,809,560 107,170,570 $111,980,130 -- MS-- I960 *159.791,197 103416.051 34,637,515 6490497 14,447,424 1,475,433 15,922457 967.452 125,951 14,839,454 7.660,000 $7,179,454 99,991,116 *107,170270 31A iUOsOWJ* Siiigi Man UJXtt MlJk lgjaju tjn _____ USAS J7.60JSI KMUU P9.MUJ* QJ1964: Adjustment of provision* for Feder Note: Total payroll (la $): al income taxee. 1965_______ 80.888,000 1961_____ 1982: Additional Federal Income tax and re 1964_______ lated net Interest assessed on prior year*4 ad justment! to retained earning*. 1963_______ 1962_______ 56,000,000 1960____ _ 54.449,000 1959_____ 52,192,000 1958-------- Q]Inelude* related portion* of Item* shown Score* end Dlspesifiiea # Funds: under "Supplementary p. Se t data" below Source of Fund*: 1965 atatement FT]Include* payroll taxe* (1985, $1,933,003). Net Income______ A* of Dec, 31, 1965, $78,758,548 wu re Depr., amort, etc,. $13,176,327 7.495.761 stricted under loan agreement. Def. income taxes. 2.072.036 Property retired - 81403 50.995.000 Other --------- ----. 1407484 49.683.000 48.151.000 45496.000 Total ________ $23432,611 Disposition of Funds: Capital expend. $22,693450 Dividend* paid__ 3.589.840 1964 L, t. debt retired . 2.250.000 $10,705,939 Other ____________ 103.175 7431.628 Total -_______ $28.636465 3430,462 Work. cap. increase <44,703.754 *228* IBM.W 32UUJ* tiuoTja i55jm Z.90S.M tieju.m *8JXMS Record e# Kerning*, year* ended Dee. 31 (in $): Coat and Operating Year Net Saits Expenses Profit 1946__ 64,189,548 29J09.616 4,879,932 1947__ 1948... 75,009,538 99,837,664 68.745.064 77.087480 U64.474 U,750404 1949__ 80415.640 74,428,777 5 491,863 1950__ 96,129.654 81,055,113 14,074,136 1951__ 99,533471 37.032430 12406491 1952.... 99,780.054 94,146,780 5.633,274 1953___ 109.600417 102,253,610 7446.60T 1954.-- 104.964.134 99,074,883 5.889.251 1955___ 121.247.877 111.258461 9.989,616 1956.... 133,652.773 122494,634 11456.139 1967___ 138,427,667 12*492.750 11.434.917-* 1956___ 142.789450 129,478452 13411498 1959___ 159,009489 143488,778 15,720,411 Oth.Inc.Jr Ded. (Net) 338,963 4512.224 4246485 4 836,053 4 243,616 4335485 4 61456 1.043.176 d 960450 44,054.713 4 591488 4 507.657 41.130,763 4666,908 Inc. Bef. Taxes 5.218.39S 5.746.250 13403.919 5,055,610 13,830420 12.170,506 5471,918 6403.431 5,029.001 8.934.9(0 10,668.751 10.927460 12480.535 15,033403 Income Taxe* 2.030.000 2.413.000 4.899.000 2.129.000 6.830.000 7.614.000 1.814.000 3445.000 2.510.000 4.718.000 5442.000 6442.000 6.436.000 7487.000 N,t Iacom, I.UI.IU 3233230 8.804.819 32Z8210 7,000220 4256206 3.757,918 2.95S,431 2,519,001 4216,963 5,124,751 6286260 3,744235 7,046203 527,658 527,651 527,651 543.929 148.186 Com. A Shs. Earn. Fsr Outatand. Com. Sh-A .127,6(4 426 527.661 527262 ____l-a 21.74*6 *27.661 329 \ 527.656 U0 527.656 jrs 527.656 S-llA 527.656 592,743 592.742 529.742 a! -.at 592.742 592.742 720-41 692.742 18*?; -KCbtp ALANOE SHEETS ASSETS Cash lEMarkatatda sseurltlas__ Accounts .Movable, net__ GDlnvsntorlsa_____ _______ Prepaid expenses_________ COMPARATIVE CONSOLIDATED BALANCE SEXET. AS OP DEC 31 1965 1964 1969 1962 lgl ?2279,614 62,96623* 33.631241 <3,754.042 <3211.937 1,597,680 40224.J2I 44.679258 42218246 36.921.631 ___ 36,555,605 33.441.436 24222.034 23.805255 . 20.664236 ----- 57,627,651 53.791.650 49207.914 45276276 50.221296 ----- 1.083228 1452259 1442276 1,046.678 764.065 1960 <7.337,899 29.322468 19.968475 50,730206 sa| 18221,441 47444272 Total can-rent assst Marketable securities - . Othar Investment!__________________ Property plant b equipment___ _ Less: Dspree. A obsolescence res. _ 129,144,076 879,816 178.446265 79,515,531 -22274457 3,776.641 154227.782 73.725.949 122,983,673 479.047 386,754 149,441223 71443267 120400,699 479.413 506243 142275466 65479211 112,5*3.055 420,093 532.436 131,252,004 60.169.141 - <107.378,745 426432 32,561 128.731,431 56276,446 5106,18223* 366jn 161.4* 123.121266 Nat property account___________ Goodwill; patents A trademarks, etc: Other deferred chargee_____________ Invest, in common sue. L G. Chemla-- 96,930,734 1.432255 60201.633 163.123 73297256 1 226211 7l.os2.sas 424.405 72474.963 1 1,437,036 Total ' LiABn.rrrka Long term debt due__ _________ ____ JAccounts payablej Taxes withheld at source__________ Ptov. for Fed. taxes on Income, etc... Workmen's compensation res., ate _1 Accrued taxes,, wage*, etc. _____ ;___ J <228287421 <2250,000 6,738,062 4429277 5,490,947 <216,717255 <2250,000 7225.09S 4299,171 4272,645 <202275442 <2,000,000 7201.950 4.405.640 4266,7*3 <196.442200 <2.000.000 8264,027 6266276 525129* <165.092282 <2.000,000 7.096204 - 4.0n,14f 4.007203 <181,449.450 <2,000,000 6,175445 .5218274 4,379,430 . *-Tatat ausveuif ltoblimee . . Long-trrmriebt____ ________________ Other llabllltlaa .jjs <20,613266 <19,046.913 16200200 18230.000 1426.656 * 1,016.520 <16273273 30200.000 866.881 ' <24.272233 23200,000 786.069 07.123.013 , *M200.000' 1221 00 00,073,150 26200.060 Deferred Feet income tax_______ ___ 11236225 8267.137 . 4,631,602 - .168260 .. .161200 Common stock (31 par)-------------------- 112644JJ fflCommoB A-stock Common-* stoek. (tl per) , nCapttaK surplus ___ ________ I`^H'l7,73*29r > U266232 /Sy-'-f'-iyt&nijmrSSg-1it4o322m6090.u.6005a00... iuiijmlsS u?<7tAOOO.OOO 4 V12262.432 ....,14260,000 -'3.000.000 - 5-4*712.902,432 *13uJ` udoau .v r1420260 Irfi3.000.000 I^Si u 12202,432>=" unappropriated: earned surplus _ ->148296262 fun 129211235 :'->a"1222rr.*S6 a,-. 1120208.713- a J10200427 -7^-107470270 -Li---- ------ vr: " 173403213 160217225- 15*469.733 15L0O6.795 - 142,732212 137242,652.^ V. ;. IS. No. S. INDUSTRIAL HYGIENE. H51 .. :n:.iri'on. analyst-* of a portion of nnc silicotic war industries. file examinations were pri ..blamed (mm a M.uisfvM miner. No marily radiological and clinical but included also "l 11:. n I-ill a Halt miy . a id the lllsLnliiyic.il 135 vital capacity and sputum tests, and 100 ;n mu ..( i Ins hum. however, arc given. The till ii nl counts. The chief com plain Is recorded in ;ij:ts"i -.ht-M-analyses are not suitable lor the personal medical histories ol these workers i'r.si.MCtii.ii. T he iln>t encountered showed par- were dry cough with slitch-like pains in breath ' of numerous ditterei'.l substances inelud- ing. dyspnoea, fading appetite and dragging -.:-c Iniii'tiine. kaolin, silica, quartz, (clspar, gnawing pains in the abdomen. There were no nis-i. "in lie .mil rutile. These varied in sire pallingitimKnuc findings on clinical examina ;r .f.i -- lii.in *-;t 1111 to more titan 5(lp. tion. The blond counts exhibited a relative N. Iioodlioiiie Cloyne. lymphocytosis and eosinophil cells were some *t>.`f-:i. A. 1 TiteisiuTiinigeit an tlen Arheitern i hut Aslmstkiluik. Examination of Workers in an Asbestos Factory.] .1 ,eh. J. <11!. . ii. (n.. .//rVii-g. I943, N'nv, 1<I, i ll. No. 4. 433 53. S tigs, what increased op to 5-IO per eent. Total leucocyte counts tended lo he low, whilst red cell counts produced no significant changes. I ill mil sedimentation tests were al,u normal. Vital capacity tests showed a reduction in capa city. 1-iiur cases of s|ioiitoncniis pneumothorax .in. is a record ( clinical anil rodiolnyic.il were noted, one of them fatal. real ions imiile in tin nsiicslos factory during Radiological!)' the earliest sign consisted of :he e.ais 1936-1937 and the year 1940. The focal shadows in the apical regions with, later, ro.toi v It.uiilleil raw ab^ stos and manufactured an increase [often one-sided) of the normal i '..uii !) ol n.elieslns products. It eilipluyed up bronchial markings in the upper anil middle ;ii .sisi workers. ill 132 |K*rsnns examined, thirds of the lung, giving a reticular appearance. 14 ;-r lint, showed radiological evidence of There was also sometimes an increase in these A.;si..sis, Correlating these findings with markings in the lower Inlies suggesting increased .-\;oine. it is .staled that there were in wtirkers drainage to the hilinn glands. Kctracliun of the aitli le.ss than three years of cX)Hisurc 5 per diaphragm and distortion of the heart shadow v-.-nt. n( c.es-s, in those with 3-5 years o( expo were found. Al a later stage the focal shadows sure I'd per eent., in 5- It) years 56 |Jcr cent., and tended to increase and become continent [unfor ;a over lo years 79 |-r cent, l-'ive cases of tunately the radiograms reproduced have Ixten .sil.-nonary mU-rcnlosis were noted. The much reduced in sire and do not bring out all ,.'v.in.il histories id these ary recnrdetl. the finer points mentioned]. N. IIihh/house Cloyiie. One case came to autopsy. On microscopical tVVt.x. A. U'eiterc Ih.-obachtungcn ueber den Iternfskrebs der Asbestnrheitur. `Further Observations on Occupational Carcinoma in : Asbestos Workers.. Arch. f. Gewerbepath. . nhWii j. 1942, Nnv. 10. v. 11. No. 4, 5.'(6 50, H tigs. [14 refs.] examination the connective tissue elements of the lung showed coarse, branching hyaline collagenous fibres enclosing phagocytes contain ing fine and coarsely granular particles which differed from carbon particles by their jagged outlines. la parts of the lung these hyaline collagenous fibres were also found surrounding This article is a record of two cases of ashes- 1 the walls of the alveoli, which contained phago crus complicated hv cancer of the lung. The J cyte*. These changes were most marked in the irst jsitiefit was aged 43, with an exposure of right upper lube. (No illustrations arc given.] ll r ears iii .to .isbestiis factory ; death was due The regional hmph glands exhibited a few of -iiiann.iis cell carciimma. Thu second these dust cells lying chiefly in small groups. iser It.id had 30 years' ex|Krrience in aslx-sto* It is suggested that these histological changes . si, ami slmwed al autopsy an atypical epi- result from a colloidal reaction between the .;-.rhal cell new growth. . aluminium dust particles and the tissue fluids. ITH author suggests there is a causal relation- II N. Uoodhouse Gloyne. iq. Ix tween aslx-stosis and carcinoma. " N. Roadhouse GIoyhc. ',11-u.i.ii'ski. Ci. V-itere Icrfahningc-n rum Gakusuk, L. U. & Di-i..uiant, A. 11. Action ol finely Divided Magnesium upon the Lungs. Auirr. J. Rub. Health. 1943, l-'eb., v. 33, Ki auk hen si old der Alitminiumlunge. [Fur No. % 153-6, 3 tigs. ther Knowledge on the Clinical Picture of the Aluminium Lung.] Drut. Tuberhulose- I*n;jt Jail., v. 17. No. I, 3-10, 5 tigs. Small particles nl magnesium eniliedded in living tissues dissolve with the evolution of hydrogen and i..e production of " gas lumuurs '*, I!ns arm le is hased upon data collected by due to an irritating alkaline hydroxide. When .e .hilli.>r from the examination of sume 7011 the metal lias dissolved, the resulting inflamma ..ekers e\)is*d In aluminium dust in German . tion subsides and healing ensues. Kx|>orirncnts Dl