Document QGD8ZxdQLwk5216ezodLwLyk

FIN.INGXAL CONSIDERATIONS IN HELATIGN TO CCOTXlIBUTXON OF ETHYL CCKFORATION TOWAIiD NEW FACILITIES .irst Baal a of Estimation Share in use of facilities of The Kettering laboratory (est.25 percent) Budget of laboratory 1939 anticipated cost of experimental work and services for Ethyl Corporation in 1959 Anticipated cost annually of work for Ethyl Corporation on metallic and organonotallic compounds for next 10 years. 940,000 250,000 250,000 (budget of Ket.Lab. will probably increase to $1,350,000 por year in next IO years) Cost of new addition to The Kettering laboratory approx. 40,000 sq. feet of new space at $30.00 per sq.feet, equipped (air conditioned, specially ventilated fuse hoods, inhalation chambers etc) 1, 200, OCX) Proportional allocation of cost of new facilities to Ethyl Corporation, in relation to anticipated use during the next 10 years, if no other factor were to be considered. 300,000 Total contribution estimated on foregoing busisr plus nominal charge of $40,000 for 10 years rent Second Basis of Estimation T-tai cost of entire iacilltiea of the Laboratory including anticipated addition In round numbers 2337,400 Share of Ethyl Corporation in total cost on basis of 25 percent of total 584,350 Ethyl's contribution up to present 447,500 Balance to be coutributaU to bring total to 25 percent 340,000 133,350 -2- Brought Forward $136,850 Add cost of rental of space provided for operations of Medical Department in new facilities - offices for four essentially full time members of medical staff of Ethyl Corporation and three secretaries approx. 1200 sq. ft at $4.00 per sq.ft, per year, for 10 years Plus utilisation of office supplies, equipment and medical facilities of the Laboratory at $500 per year, for 10 years Total suggested contribution 48,000 5,000 $189,850 $175,OQO