Document O3qg7Yvk40ORLxq4G8DR0ZjEe

Lead Industries Association, Inc. 292 Madison Avenue New York, N. Y. 10017 Telephone: (212) 679-6020 MINUTES Meeting of Board of Directors Lead Industries Association, Inc. December 10, 1970 Subject to Revision By direction of the Chairman, and in accordance with a notice of November 16, 1970, a meeting of the Board of Directors of the Lead Industries Association, Inc., was held on Thursday, December 10, 1970 in the Association's Board room, 292 Madison Avenue, New York, N.Y. Directors Present Representing Frank P. Barton Clarence E. Brunner (Representing Jack Wilder) John R. Englehorn H. T. Fargey " E. V. Frawley (Representing J.G. McCullough) David George (Representing W. Taft, Jr.) Robert A. Kenkel Allen C. F. McGraw John F. Rittenhouse Simon D. Strauss Dennis Taylor (Representing Frank Osborn) Ivor Thompson W. J. Veenis (Representing H.M. Henry J. Whitson F. G. Woodruff Weed) G. A. Avril Co. _ U.S. Smelting Refining & Mining Co. St. Joe Minerals Corp. Cominco, Ltd. Amax Lead & Zinc Div., American Metal Climax, Inc. E. I. du Pont de Nemours & Co. Federated Metals Div. of American Smelting & Refining Co. Eagle-Picher Industries C & D Batteries American Smelting & Refining Co. Broken Hill Associated Smelters Proprietary, Ltd. Cerro Sales Corp. Anaconda Sales Co. National Lead Co. The Bunker Hill Co. . j LI * Cl 6 0? 2- - Guests J. C. Buck Malcolm Bonynge R. A. Gardiner (Vice President, D. W. Pettigrew LIA) American Smelting & Refining Co. St. Joe Minerals Corp. Gardiner Metal Co. Zinc Institute, inc. LIA STAFF J. L. Kimberley - Executive Vice President David M. Borcina - Secretary, Treasurer The Executive Vice President reported that the Chairman, J. Gordon McCullough, was not present and that in his place. Vice President Simon Strauss would preside. (1) Call to Order The meeting was called to order at 2:00 P. M. and Mr. Borcina served as Secretary. , (2) Attendance _ The presence of ten directors constituted a quorum for the transaction of business. The Secretary presented a copy of the notice of meeting and agenda which had been mailed to each director, as provided in Section 4.03 of the Corporation's By-Laws. The copy was ordered filed with the minutes as Exhibit "A." (Sent to Directors on November 16, 1970.) (3) Minutes of Previous Meeting In the absence of comments, the minutes of the meeting held on April 9, 1970 in Chicago, 111. were approved. (4) The 1971 Budget Review The Chairman stated it was in order to review the 1971 budget proposals and requested the representatives of the Bunker hill Co. and Cominco, Ltd. to restate their Company's position as indicated by letters. Exhibit "B" attached, previously sent to all Board members. L I A 0 16 G 3 -3- The Executive Vice President in reply to the Bunker Hill Co.'s statement relative to the high proportion of the budget earmarked for Administration stated that only about $100,000 of the $366,000 proposed is actually adminstrative costs. The balance is salaries, travel and other expenses related to the technical service and pro motional effort of the Association. Industry Development Committee Budget Recommendations The Chairman then requested Mr. Malcolm Bonynge, chairman of the Industry Development Committee, to report on his Committee's recommendations. Mr. Bonynge reported as follows; " The IDC met on November 2, and reviewed the staff's proposed budget for 1971 totalling $1,322,500. " The Committee discussed at great length the proposed budget, item by item and though not unanimous in all cases two new advertis ing programs totalling $250,000 were rejected. A proposed $25,000 expenditure for a childhood lead poisoning movie was also deferred. " The continuing product advertising program was reduced by $10,000. This amount however was offset by a suggested increase of $10,000 for the Administrative and Technical Service section of the budget. " These represented the major changes made by the IDC in the staff proposed budget. " You have before you I understand the minutes of the Com mittee along with their recommended 1971 budget totalling $1,045,000." (Sent to Directors on November 16, 1970, attached to the agenda.) The Chairman thanked Mr. Bonynge for his assistance. Lead in Gasoline Activities The Executive Vice President reported briefly on his activi ties during the past year on the lead in gasoline controversy and requested the Board's opinion as to whether or not the Association should continue this effort and at what level. The Chairman thereupon polled the members present and with out a dissenting opinion it was agreed that the Association continue its efforts on behalf of lead in gasoline at a level, if necessary, commensurate with 1970. LIA 0I6c4 -4- 1971 Staff Budget Proposal At the request of the Chairman the Executive Vice President and Secretary reported that they were prepared if required to present a 1971 budget that would reflect a 20 per cent reduction in 1971 rates per ton over those charged in 1970. The Secretary further reported that the proposed 1971 rates per ton based on estimated assessable tonnages would raise approximately $844,000. On such a basis, the Secretary estimated 1971 income and expenditures as follows: Balance, Jan. 1, 1971 Income: Membership assessments Pig lead sales assessments (800,000 tons est.) Interest Miscellaneous $172,000 172,000 672,000 2,000 5,000 Expenditures $1,023,000 920,000 Est. Balance, Dec. 31, 1971 $ 103,000 The Secretary then stated that the proposed 1971 expendi tures totaling $920,000 (versus the $1,045,000 recommended by the Industry Development Committee) imposed a further reduction of $125,000. This reduction could be effected as follows: Suggested Staff Reduction in IDC Budget IDC Staff Salaries Advert. Space Agency Fee-Advert. Ad Production Conventions & Exhibits Hill & Knowlton Health and Safety Public Relations Flexibility in Administration $225,000 200,000 40,000 30,000 10,000 150,000 10,000 $210,000* 160,000 35,000 20,000 5,000 110,000 - $665,000 $540,000 Proposed for Flexibility in Above Corrosion Manual 21,000 LI A 4,000 * Includes consolidation of Health and Safety Activities with ILZRO's Dr. J. F. Cole and an assistant. -5- Broken Hill Associated Smelters, Pty. Budget Proposal The representative of B.H.A.S. reported that he had been requested to present his Company's objections to any proposed reductions in the recommended 1971 budget as per the attached Exhibit "C." (5) Budget Approval and 1971 Assessments At the request of the Chairman, the Secretary then presented the 1971 budget and rates per ton taking into account the various items as follows: 1971 Budget* Administrative & Technical Service Advertising, Publications & Related Promotion ZALIS Motion Picture Distribution Health & Safety Public Relations Program Miscellaneous and Contingencies $351,400 340,000 29,100 12,600 152,000 34,900 Total $920,000 * Details attached as Exhibit "D." 1971 Classification Rates Per Ton Mining Smelting & Refining Manufacturing Assembled Articles Pig Lead Sales in U.S. $-17 .07 .07 .04 .84 On motion made, seconded and carried, the 1971 budget and rates per ton were approved as set forth above with the proviso that the expenditure for the Hill and Knowlton activites be increased, if necessary, to $150,000 with the additional funding to be drawn by deferral of a Corrosion Handbook (being finalized in London) and from the Advertising Space program as deemed approp riate by the staff. LIAC1696 6- - (6) Election of Vice President i The Secretary reported that Mr. W. G. Hewitt had resigned as a Vice President of the Lead Industries Association in April and that a replacement would be desirable. The Chairman called for nominations and Mr. F. G. Woodruff was nominated to serve as a vice president until the next annual meeting. There being no further nominations, it was moved, seconded and unanimously carried that nominations be closed and that the Secretary be instructed to cast one ballot for the election of Mr. Woodruff. (7) Nominating Committee for Officers and Directors The Chairman requested authority on behalf of the President and Chairman of the Board, J. Gordon McCullough to appoint nominating committees for officers and directors. This authority was granted. (8) Annual Meeting Registration Fees The Executive Vice President reported that the Associa tion has been running a deficit with existing annual meeting regis tration fees and requested approval to increase the fees. It was the consensus that the staff conduct a careful study of costs and that a registration fee be established that would cover actual costs. (9) Approval of Auditors On motion made, seconded and carried unanimously. Peat, Marwick, Mitchel & Co., was approved as auditors of the 1970 accounts of the Association. (10) Change in Staff Check Signing Procedures The Secretary reported that the Association's accounting procedures have permitted the bank statement reconciler to sign checks. This was protested by the underwriters of the Fidelity Schedule Bond. The Chairman with the Board's approval instructed the Secretary to make the necessary changes in the staff's check sign ing and reconciliation procedures. L I i01697 -7- (11) Future Annual Meeting Locations The Secretary reported that the following time and place of annual meeting to be held jointly with the Zinc Institute, Inc. had been approved: 1971 - April 5-7,Chicago, 111., Drake Hotel Also that tentative arrangements had been made for the following: 1972 - April 5-7, Montreal, Canada, Queen Elizabeth Hotel. 1973 - April 4-6, Detroit, Mich., Sheraton-Cadillac Hotel. A motion was made, seconded and unanimously carried to hold the 1972 anc| 1973 meetings jointly with the Zinc Institute, Inc. at the time and places designated. It was further suggested that the staff tentatively arrange to hold the 1974 meeting in Chicago and the 1975 meeting in Toronto, Canada. (12) Study of Present Assessment Procedures The Secretary reported that there might be some in equities in the present methods of assessment for all members and requested the Boards' advice. After some discussion, it was agreed that the Chairman appoint a five-man committee representing all segments of the indus try to look into present assessment procedures and methods. (13) Resolution on Behalf of the Late J. S. Smart, Jr. The Executive Vice President reported that the Board at its last meeting had approved the preparation of a suitable reso lution in recognition of the late Mr. Smart's invaluable service to the lead industry. He stated that in accordance with the family's wishes a cash contribution was made to the Scholarship Fund of the Westfield College Mens Club. t LIAClfr^P 8- - (14) Report on Membership The Secretary reported that two long-time members resigned during the year. They were: Alcan Metal Powders Co. 01in Corp. and their resignations were accepted with regret. With the acceptance of these resignations, there are, at present, 60 corporate members. * (15) Effect of New Battery Developments on the Secondary Lead Industry The Secretary reported that the Association had re ceived a letter from Mr. R. G. Mason, Globe Battery Division, GlobeUnion, Inc. (Attached as Exhibit "E") requesting the establishment of a Committee to discuss and advise battery manufacturers on the possible effects of new developments on secondary lead operations. After some discussion, it was agreed that the Secretary should discuss with the Battery Council International and the National Association of Secondary Materials Institute whether they would be receptive to the formation of a joint committee. In that event the LIA would be prepared to name representatives to the joint committee. (16) Adjournment In the absence of other business to come before the meeting, it duly adjourned at 3:55 P.M. Respectfully submitted. December 22, 1970 Secretary, Treasurer APPROVED: t /$ Ji bLLA*i?. Simon D. Strauss, Chairmaiv^ DMB:so Att: EXHIBITS MB" "C" "V* "EM LIAC1699 Lead Industries Association, Inc. 292 Madison Avenue New York, N. Y. 10017 Telephone: (212) 679-0020 November 16, 1970 SUBJECT: NOTICE OF MEETING and AGENDA To the Board of Directors of the Lead Industries Association, Inc. Dear Sir? There will be a meeting of the Board of Directors of the Lead Industries Association, Inc., at 2:00 P.M. on Thursday, December 10, 1970 at the Association's headquarters. Arrangements have been made to hold a joint luncheon of the LIA and Zinc Institute Boards at 12:00 noon on the mezzanine floor of the Les Champs Restaurant, 25 East 40th Street, New York. Please let us know if you plan on attending the luncheon and/or Board meeting. An agenda follows: Agenda 1. Approval of minutes of previous meeting held on April 9, 1970. 2. Consideration of administrative and promotional budgets for 1971 as recommended by the Industry Development Committee at its meeting on November 2, 1970. Attached hereto are the minutes of that meeting, including Exhibit "A" summarizing their recommendations. VJ LIAC1711 N 745.01 To the Board of Directors of the Lead Industries Association, Inc. -2- November 16, 1970 3. Adoption of programs and budget for 1971. 4. Establishment of Assessment rates for 1971. 5. Election of a Vice President to replace Mr. William G. Hewitt. 6. Authority to appoint nominating committees for officers and directors. 7. Discussion of 1971 Annual Meeting registration fees. 8. Approval of auditors. 9. Suggested change in staff check signing procedures. 10. Report on future annual meeting locations. 11. Appointment of a committee to study present assessment procedures and methods. 12. Other items for discussion. Sincerely, DMBrso Att: Exhibit "A" David M. Borcina Secretary, Treasurer LI AC-17 12 BIT. Fargey V.P. Marketing Cominco Ltd/1199 West Pender Street/Cancouver 1, British Columbia/ Canada Tel. (604) 685-6331 EXHIBIT "B" Mr. J.G. McCullough President Lead Industries Association 292 Madison Avenue New York, N.Y. 10017 Board of Directors Meeting December 10, 1970 October 26, 1970 Dear Gordon: I had hoped to discuss with you the thinking within Cominco regarding lead and zinc development activities but since this was not possible I spoke to Simon Strauss in his capacity as Vice President of the Lead Industries Association and presented the following views: _ Cominco has been reviewing all aspects and functions of its business in view of the economic situation and outlook, to determine where economies can be achieved and redundant functions eliminated. ~ An element of this review has been an analysis of the expenditures made by "Cominco both internally and in cooperation with others within the LIA, LDA, ZI and ZDA in the promotion and development of lead and zinc. We have concluded that economies can and should be made in this area and we have taken steps to achieve this in our internal corporate lead and zinc promotional and development activity. We are now turning our attention to expenditures made cooperatively with others. We believe that the lead and zinc development associations are serving a use ful purpose and that they merit our support. We believe also that their pattern of activity must be flexible and adaptable to economic change within the industry. Further, we believe that their effectiveness can be maintained at levels of expenditures less than those prevailing in 1970, by assigning priorities to key elements and postponing work in less vital areas. .... 2 J LIA0170C N 745.02 J.G. McCullough EXHIBIT "B" Board Meeting 12/10/1970 Ocotber 26, 1970 2- - With respect to the Lead Industries Association we believe a reduction in expenditure should be made in 1971 and urge that the 1971 budget be reduced from 1970 expenditure level by 20%. I am sure you will appreciate that this proposal is being made only after serious consideration. It is our sincere hope that the membership will concur that this is a desirable objective, and will give it full consideration. Yours very truly, H.T. Fargey HTF:hw cc: S.D. Strauss, American Smelting & Refining Co. J.L. Kimberley, Lead Industries Association J.R. Englehorn, St. Joe Minerals Corp. F.G. Woodruff, Bunker Hill Co. J. Towers, American Metal Climax F.P. Barton, G.A. Avril Co. . C.E. Basset, Dixie Lead Co. R.A. Kenkel, Federated Metals Co. C.F. McGraw, Eagle-Picher Co. F. Osborn, Broken Hill Assoc. Smelters Proprietary L.J. Randall, He?la Mining Co. J.F. Rittenhouse, C & D Batteries T.M. Smylie, Ethyl Corp. W.A. Taft, Jr. E.I. Dupont Ivor Thompson, Cerro Corp. H.M. Weed, Anaconda Sales H.J. Whitson, National Lead Co. J. Wilder, U.S. Smelting & Refining 3 t. AC 17 01 EXHIBIT "B" Board of Directors Meeting ' The Bunker Hill Company December 10, 1970 A Subsidiary of Gulf Resources & Chemical Corporation The Old National Bank Building Spokane, Washington 99201 (509) 838-3177 November 16, 1979 Mr. J. G. McCullough, President Lead Industries Association, Inc. 292 Madison Avenue New York, N.Y. 10017 Dear Gordon: I have not yet received from Dave Borcina the minutes of the IDC meeting held m New York on November 2, but it is my understanding the 1971 budget which will be passed upon by the Directors of the Association will reflect proposed funding of $1,045,000 and a pig lead assessment of 94c per ton. I must record my dissatisfaction with the figures presented. -* The proposed assessment per ton of pig lead represents a reduction of about 107. from the $1.05 per ton in 1970, and while a step in the right direction, it does-not go far enough. The outlook for the lead market during 1971 does not appear encouraging and The Bunker Hill Company has embarked on a program aimed at reducing expenditures by at least 207.. This will result in many painful decisions. I believe the organizations to which we contribute must recognize the current economic circumstances and that the budget approved should reflect similar cost reductions. The $366,400 earmarked for administration should be reduced along with redundant programs to achieve an acceptable level of expenditure. I feel the assessment for 1971 should be no more than 80^ of 1970's rate, or about 84c. I hope that the staff will concur in these views and present a way to achieve a more acceptable budget to the Directors. Sincerely yours, FGW/cl cc: ALL DIRECTORS, LEAD INDUSTRIES ASSOCIATION F.G, Woodruff President LI 4C1702 N 745.03 EXHIBIT "C" Board of Directors Meeting December 10, 1970 Excerpts from letter of Nov. 23, 1970 - To: Mr. S. E. Sweet President C. Tennant, Sons & Co. From: Mr. J. B. Schackell Broken Hill Associated Smelters, Proprietary, Ltd. " I must say I was rather horrified with the reaction of the American lead/zinc industry in relation to the budgets for the promotion companies this year. I would have thought that the time to open up one's spending on one's promotion would be when things are not looking so good, rather than the reverse." Excerpts from cable of December 9, 1970 - To: Mr. Aubrey Fletcher C. Tennant Sons & Co. From: Mr. Frank Osborn Broken Hill Associated Smelters, Proprietary, Ltd. " We are very disturbed that there is strong pressure to curtail promotion and development activity at a time when consumption is flagging and when a very important segment of the lead market is under threat. For our part we would welcome and support an expansion of activity at this time. LI AO 170 3 " The IDC meeting witnessed appreciable pruning of the original recommendations and we regard the budget proposal now before the Directors as the minimum that should be approved under present circumstances. It is to be noted that even though the budget proposal does provide for an increase in total estimated ex penditures from DLR977,050 to DLR1,045,000 the fact that the base tonnage is increased means a reduction in assessment rate from 105 cents per ton to 94 cents." ____ N 745.04 EXHIBIT "D" Board of Directors Meeting December 10, 1970 1- - 1970 FINANCIAL REPORT AND PROPOSED 1971 BUDGET Table I A- Gross Budget, Income, Expenditures, Reserves--1960-1970 Approved Budget I960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 (Est ) $374,450 369,350 4*61,000 483,125 622,700 699,162 826,650 913,700 841,905 924,675 954,360 INCOME Assessments Other $371,963 340,545 471,560 391,248 515,169 643,345 812,896 878,340 623,852 806,629 996,625 $ 3,818 4,460 4,660 6,l4i 6,033 5,371 12,899 17,574 31,519 12,343 7,000 Total $ 375,781 345,005 476,220 397,389 521,202 648,716 825,795 895,914 655,371 818,972 1,003,625 Operating Reserve Expenditures Year-End $332,944 319,624 412,133 459,477 567,754 685,139 739,739 753,253 aia,402 843,220 972,050 $154,385 179,766 243,853 181,765 135,213 98,790 184 ,'846 327,507 164,476 140,228 171,803 Of income, the special assessment for Health and Safety accounted for $96,657 in 1966 and $206,087 in 1967. B- Rates in 4 per ton MEMBERSHIP Mining Smelt. & Refin. Regular H&S Regular H & S I960 1961 1962 1963 1964 1965 1966 1967 1968 1969 ) 1970 . 204. 12 16 16 16 16 16 16 16 20 21 2.ty 4.28 - - - 54 3 4 4 4 4 4 4 4 5 9 .64 1.2 - - - Manufacturing Regular H&S 54 3 4 4 4 4 4 .64 4 1.2 459- INDUSTRY DEVELOPMENT Assembled Articles Pig Lead Sales Regular H&S 214 1 2 2 2 2 2 .34 2 .6 22* - 5- Regular $ .42 .52 .65 .54 .80 i-.05 - 1.10 .91 .90 1.17 1.05 H&S 15* 28 - - LI AC 1704 N 745.05 2- <0 Table II - 1970 Income and Disbursements EXHIBIT "D" Board of Directors Meeting December 10, 1970 Balance, January 1, 1970 Income 1970: Membership Pig Lead Sales Miscellaneous $ 140,228 217,552 779,073 7,000 $1,1^3,653 Estimated Expendutures 972,050 Balance, January 1, 1971(estimated) $171,803 Table III - 1970 Budget, Estimated Performance and 1971 Budget Recommendations A - Administrative and Technical Service Salaries (12 Full- Time-8Half Time) Payroll Taxes Pension Premium Business Insurance Group Insurance Rent Travel and Expenses Annual and Committee Meetings Professional Fees Printing and Office Supplies Telephone and Telegrams Postage and Express Subscriptions-Books and Periodicals Furniture and Equipment Office Services Technical Association Memberships Miscellaneous APPROVED 1970 $217,800 9,000 16,000 1,500 2,500 24,000 40,000 3,000 5,000 6,000 6,000 7,500 800 5,000 7,000 700 1,000 $352,800 ESTIMATED 1970 $206,000 7,000 16,100 1,200 3,200 24,000 38,000 4,500 5,000 5,600 6,000 9,000 800 5,000 8,500 700 1,000 $341,600 APPROVED 1971 $210,000 9,000 18,000 1,200 3,200 27,000 4o,ooo 5,000 4,000 6,000 6,000 9,000 800 2,000 8,500 700 1,000 $351,400 \ J Li AC1705 -3- BXHIBIT "D" Board of Directors Meeting December 10, 1970 B - Advertising, Publications and Related Promotions Advertising Space Agency Fee: Advertising Publicity "Lead" Magazine Advertising Production "Lead " Magazine Conventions and Exhibits (4) Lead Abstracts Reprint of Technical Articles Test Programs Illustrations and Photography New Literature and Booklets Approved 1970 $194,260 40,000 35,000 5,000 32,200 45,000 15,000 16,000 10,000 5,000 1,000 " Estimated 1970 $195,000 40,000 35,000 5,000 27,000 45,000 13,000 13,000 10,000 1,000 2,000 Approved 1971 $160,000 35,ooo 35,ooo 5,000 20,000 45,000 5,000 13,000 10,000 5,000 2,000 5,060 $398,460 $386,000 $340,000 ZALIS AND SPECIAL STUDIES Study on off-the-road Electric vehicles Battery powered airport buses ZALIS-Zinc and Lead Int'l. Service Approved 1970 --_ $ 13,000 15,400 $ 2o, !,00 Estimated 1970 5,000 -- , 12,750 $ 17,750 Approved 1971 -- 29,100 $ 29,100 LI AC 1706 rr> Motion Picture.Distribution fa) General fb) Bureau of Mines -k- Approved 1970 $ 10,500 2,000 EXHIBIT "D" Board of Directors Meeting December 10,1970 Estimated 1970 $ 10,500 2,000 Approved 1971 $ 10,600 2,000 $ 12,500 Health and Safety Public Relations Program Approved 1970 Hill & Knovlton Fee (a) Regular Lead in Gasoline New York City Epidemiological Study Reprinting Facts about Lead and Pediatrics Childhood Lead Poisoning Movie Kettering Abstracts 1969 Deficit Miscellaneous Equipment for Dr. Chisholm $ U8,000 -- 25,000 15,000 10,000 10,000 15,000 2,000 5,800 $ 12,500 $ 12,600 Estimated 1970 $ 75,000 80,000 " 12,000 (5,000)* 16,000 6,700 -- 5,800 Approved 1971 $ 63,^500 63,500 "" 5,000 '-- 16,800 -- 3,200 - $130,800 $195,500 * $5,000 estimated expenditure not approved. $152,000 U1*C1707 -5- Miscellaneous and Contingencies Lead Book (Monograph) Corrosion Handbook Annual Review Apprentice Contest Organization Membership and Contributions Miscellaneous Literature Contingencies: (a) General (b) ILZRO Approved 1970 $ 3,000 6,000 2,000 1,500 2,900 3,000 3,000 10,000 C - Summary $ 31,400 Administrative & Tech. Service Ad Publications & Related Prom. ZALIS & Special Studies Motion Picture Distribution Health and Safety Public Rel. Prog. Miscellaneous and Contingencies Approved 1970 $352,800 398,460 28,400 12,500 130,800 31,400 $954,360 KXHIBIT "D" Board of Directors Meeting December 10 1970 Estimated 1970 $ 1,000 -- 2,000 1,400 2,700 5,000 100 6,500 $ 18,700 Estimated 1970 $341,600 386,000 17,750 12,500 195,500 18,700 $972,050 Approved 1971 $ 8,000 4,000 2,000 1,500 3,4oo 3,000 3,000 10,000 $ 34,900 - Approved 1971 $351,400 340,000 29,100 12,600 152,000 34,900 $920,000 ) J LIAC170? -6- EXEIBIT "D" Board of Directors Meeting December 10, 1970 Table IV A - Estimated 1971 Income and Expenditures Balance, January 1, 1971 $ 172,000 Income: Membership Assessments Pig Lead Sales Interest Miscellaneous 172,000 672,000 2,000 5,000 $1,023,000 Expenditures 920,000 Operating Fund Balance, December 31* 1971 $ 103,000 B - Approved 1971 Rates Per Ton CLASSIFICATION . RATES PER TON - ESTIMATED INCOME Mining Smelting & Refining Manufacturing Assembled Articles Pig Lead Sales In United States $ .17 .07 .07 .04 .84 $ 58,000 54,000 56,000 4,000 672,000 $844,000 V e r.u t Ll aOlTMq Globe Battery Division : Globe Union Inc. EXHIBIT E" Board of Directors Meeting December 10, 1970 October 9, 1970 Mr. David M. Borcina, Secretary & Treasurer Lead Industries Association, Inc. 292 Madison Avenue New York, N.Y. 10017 Dear Mr. Borcina: With the new developments in battery design which have taken place in the past few years, little thought has been given to the effects these may have on the recovery of lead from these batteries as they eventually are returned as junks to the Secondary Smelters. Such things as pollution, deterioration of smelter equipment, health hazards, contamination of the lead itself, etc., all of which will have an effect on the cost of secondary lead, should be considered. _ I have in mind such developments or possible uses of materials in battery construction such as -- ~ Poly Containers PVC Separators Polyethylene Separators Polypropylene Separators Polyester Fiber Separators Calcium Grids Gelled Electrolyte Additives in paste mixes Additives in acid Since most of the Secondary Smelters belong to the LIA, I feel that a committee should be established to discuss and advise our battery manufacturers on the possible effects of our "new developments" on their operations. I invite your comments. Yours truly. RGM/lwf R.G. Mason Manager-Material Group Battery Division cc: P. W. Leighton LI AC171C P.S. I am writing to tha Battery Council International essentially this same letter to get their reaction. 5757 North Green Bay A^' : Milwaukee, Wisconsin 53201 : 414 228-1200 N 745.06