Document N2vLNjKLqe1N2OEapz6BL1x5E

LEAD INDUSTRIES ASSOCIATION, INC. 202 MADISON AVENUE NEW YORK, N. Y. 10017 TELEPHONE -- AREA COOE E12 OR MOM ffy.A-e-, /, / f C> Z* To the Board, of Directors of the Lead Industries Association, Inc.: SUBJECT: I.D.C. RECOMMENDATIONS ON 1966 BUDGET At a meeting of the Industry Development Committee of L.I.A. yester day, November 30, 1965, a suggested budget for 1966 was presented as sent to you on November 26, 1965. Only a few changes were made by the Committee and these are summarized here. On the first page of the budget no change was made in the recommenda tions for the "Administrative and Technical Service." Under "Publications" the amount for Abstracts was increased from $12,000 to $13,000, bringing total publications to $92,500, The Committee recommended that total "Space Advertising" expenditures be reduced to $180,000, approximately equaling the 1965 expenditures for this purpose. The details of this reduction were to be left to the L.I.A. staff. No change was made in the items listed under "Miscellaneous Pro motion" and "From Reserves." Under "Special Programs" it was recommended that the ferrite develop ment work be turned over to ILZRO, and that the public relations program through the firm of Hill & Knowlton, Inc. be increased to $111,000 on the basis of latest cost estimates of which $L6,000 would be for an immediate program in connection with current air pollution problems and $65,000 for a long range public relations program to improve the public position of lead. It was further recanmended that this special program be handled as a special assessment on all members of the Association figured as a uniform percentage over and above the regular subscriptions. In an attempt to clarify these changes we have amended the "Recapitula tion" and the "Projected Income and Disbursements" as shown can page 2 of our previous memorandum. LIAO1206 Board of Directors -2- December 1, 1965 RECAPITULATION Administrative & Technical Service Publications Space Advertising Miscellaneous Promotion From Reserves Special Programs Approved 1965 $303,too 91,500 187,000 92,262 674,162 37,250 "711,412 - 711,412 Estimated Actual 1965 $312,300 96,400 179,400 83,780 "5717535" 37,250 709,130 - 709,130 PROJECTED INCOME: AND DISBURSEMENTS Suggested 1966 $342,850 92,500 180,000 93,650 709,000 6,000 715,000 111,000 826,000 Operating Fund, Jan. 1, 1965 Pension Reserve H M Motion Picture Reserve !f Income, 1965 Disbursements, 1965 Pension Reserve , Jan. 1, 1966 Operating Fund If ft Income, 1966 Disbursements, 1966 Operating Fund, Jan. 1, 1967 $110,000 18,000 25,000 153,000 648,000 801,006 709,000 6,000 86.000 92.000 723,000 815,600 715,000 100,000 The foregoing regular budget will require a subscription rate per ton of approximately $1.06 and a special assessment of somewhere in the neigh borhood of 15^ per ton from those who subscribe to the Industry Development Program, with a proportional increase of about 15^ from other members. This compares with the 1965 subscription rates shown on our previous memo randum. Very truly yours. RLZ:mk Executive Vice President LIA01207