Document QJqeX7m5jwRp2wG8eRnJxDz65

0000-NLI-000018526 ^7 <r i <N National Lead 63rd ANNUAL REPORT ct co ) J 3 33 "3 < <fi 1) > CJ s u o V3 2 3 <33 ?3 0000-NLI-000018527 C JOSEPH A. MARTINO HERMAN T. VVARSHOW Su < > j as d5 a as 1 -z -< 3S X g 5 -fa Lfa z oU X Xo ft*< liJ u >Ld -3 CS X X U S U3 z c X aa as Q3 >M2 s "ft* u <ft 3 OS u. > < < ft E xecutive O ffices: 111 Br o a d w a y , n e w y o k k 6 , n . y . G e n e ra l C o u n s e l: ALEXANDER & GREEN, 1 2 0 BROADWAY, n e w YORK 5, N. Stock T ra n sfe r A g e n t: t h e c h a s e n a t io n a l b a n k , 11 b r o a d s t ., n e w y o k k R e g is tra r o f S to c k : b a n k e r s t r u s t c o m p a n y , 16 w a l l s t ., n e w y o k k 15, Z^ *^z eo o k. 5 cS C J & < k. k. 340 xx e k. u. 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CO ^1 X J2 o 33 a. > *; 5 a^ a. 3 2 s-^ EI S ^5 73 -g Sg 3Is 33 - 2 S - u2 73 2 o aag 3 a x-- o C *- 2- s 3 3 - *, >> 3 *" o -a 73 "3 C0 D C_- u o-S 3 3 3 -3 33 S a -s3 'Ji ro LO O' S- - 50 . ^ 3 a 3 -a 3 3 2^a a3i Cw 3 *3 *0 x 53 2 3 3* 3 T3 50 _, C3 33 .2 -0' -3 ^3 X 9" r- o f ( l)e U o e h le r-J a rv is D iv is io n . P rovision fo r depreciation, depletion and am ortization resulted in a charge against operations o f $7,206,551. As in 1953, aecelerated am ortization under certificates o f necessity was not a s ig n ili- ca,, t factor in the C om pany's depreciation charges fo r the year. O r. O o43 73 3 O > 73 o 73 43 c > o u 2. z a. 43 o " O "3 c -- 43 - 73 '> iC y ro 3 2 X 43 -N O o rO l/: CN _ -3 0u 43 73 3 a. 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Im p o rta n t fo rw a rd steps have been m ade in the tra n s itio n fro m la b o ra to ry scale to fu ll plant operation, and the C om pany is confident th a t a so lu tio n o f the m any problems involved can he achieved. lO o s^ cn ion 2* ,,O O3 *C5 *> lO O' ^e . ' 8~ co X c 3 y -O J3 43 CS .2 >> On -Q , JZ Q >.** CO .S 9" 3 3^ wa c M) . c Cm Z .5 Su3 - --V -a MJ 2 c - " -o cn 3 O -a 5 O3 2 * *5=b V 7-3 rt 3 JS i2 *y i--t ^ JS c 43 a, B is ^ vX 8 !3 co" 3 S 3 CO * <M cn -T3 *^ CN CN jfcyi co -s 3 S ja0) 03 Is cn c IP y Is G, 'O I S <D I- 3o oos Us w fcn , 1$ ^c U= y <--O. *._-2 3 -a e cs U3 1) ?SO O5 ^o X^cv U "5. 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X 0 3 "73 a 4 CJ -- 4w 0 -3 4 73 _-_ 72 CD _4 a3c a c 3x a 4 -r u .3 >> 4 73 :a 0 -3 , 3 Ia 3 0 u 2L, 4 34 4 S 4> SS 4j 3 3_ ^ "3 ^ 2S 5 -3 73 --3 43 -q .= C 23 G 73 c -3 2* a. 3 43 -3 4) a. - - O X o 43 G _3 O yH - viZ v 73 " > 4 3 -> 3 -3 2m "= U 43 a. "3 w 'n -- -P r3 c y -G *2 *0 0 3 b "" m2 i; 4 ^ ai < c-- -- "72 a 30 0 43 3 43 43 "3 3 - -3 TJ 5 3 -a c x a. *) <*> :b o4<t*o --.*^4cc2 ae^j. .? 5 -3 S4- ^ 1 3 3 2 95=53 3 ^Q ^ if J-<; ^v*j '* 24*0 4)- 5: ,h -2 V) ? ^ .2 3 0000-NLI-000018534 2 oZ . o ZL, V ** uV o s; Q- < th a t u *O V bfi q "3 3 X 3S ^ -n _5a _3 - 3 qQ w #q bO <*> "C ^ -3 U --` x3 1 o *s g's 6 Ui q 3 q O a. q 0 X 3 g *TH q 3 > > JO 3 O O X 3 i e-* 3 jo Q "3 C5b oa 3 bC 3 0 3 -6 -- 0l-l a SO v _a 3q 4 jfl "bb 3 OL_ C ~Z2 *J 3 J* u q 2 "3 x v,-- a^ 5j^ .2P3 bC C *3 -a xa; q-- "2q * w "2 ^ --2 q 3 *q *c3n gs q 3 a q o CQ q - x 3 x g ^a *a x q q -3 | s I I sI aj 23 333 I 13 0 -2 o3 -- q" yo j 3u c >, 3 U-5 a - x' | JU a, U ip ip ^ 3--3 * 3? a . .3w3 .*2t. 3 o3 ^o Is w3 " 3 --W -- s-- -3 * .a q -5 o *_q y -3q w om in -3 3 3s < q 2 *, so S > 3x a3s wO t~ 33 33 3 1! qq fe ia, 5 -- 3c3n ---= L* x 50 - 3 - .5 ^ -* 3 "2 H 3 cn q 3 *3 0) -- -*-S34 __. q cn 3 w 4Ox5 u bC jg 2 S3 q-- S _H " J2 O S0 33q J3 & * * a. q 73 bf) + 33 o 3 *2 -3 3 4> a x 3 "3 JO 1 s 3 3 03 i' - bfi O --3 q -3 q ao- a* m q 1-- X *3 > q ~J 3 -5 T 3 - S 32 : 3 3 a 3 2 X 3 * 3 bD q q= q -5 - 5 "x 44 w o -a a a afl. 3 a -33 3 w) o s-- *3 2 3 q 3 3 1 J3 3 = H q a u 3 O - q v ha 3> 3 - -- ^ 4a q q 3 .3 .3* q 3 J4 q q3 --3 E- g^ o -o U3 a* .ts q = s -- q3 3 '5b cn o ^o - s 0 rt) J: P-- . 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X " u 2 > > 2 >-m q 33 "2 "3 C3 *4 >> q *- q oc q C3 3 5 X 3 3 3 >N JO -- 3_ > -a 3 c 3 uj "5 3 r "O J2 ^ ^ 2 s 3 J > 3 **q _C 0 j . >* _3 -3 q C a. .3 a 3 * -3 3 3 g a 3 O * 03 J O2 cq be 3 3 "O ^S ccn XO Q4 u >% 3 3 3 0 *5 x 3"3 "3 w '> q _ ^ g ^ ,5 ^ XU 2c *5 .2 ^ o q jo o .a zr ,- a P a ^ > S3 ,3 SL o Q^ -X -2 .5 50 Jj "q *" u 3 -- *- 3 1^. 0O ^3 q2 o S -a -2 o cj ^3 q a a, 0 a 233 .3 X 2 w q ^ "O 3 u q = c S u" -1 3 3q ^ C qJi 3 JO 1 I 0 x bfi ^ x O 3 q 4 3 q x q >s 3 x ^ x ^ bO 3 3 35 1^ bC q w e o -3 1m -s a, ^ "3 _0 q ^s qq 5* o X 3. r o `a, q *> -a rA ^ 3 JO ^ J -3 q q 3w -- x x3 3 a "o 0000-NLI-000018536 3 - O .2 c-- u VC llm to S a -0=3 ' c s --" S 1) S3 c < V ' t-- mu w "3 sE cn ^ V t--4 o SO 4) w 5o- Z ^2 Du 3 o. 3 -- J2 >r <L> Hi L. > . =^5 JV -S- ^3 ffl is U U 4> o O o S3 S U & Oo & \Cs -H* _ S3 s 3. . in o' o o' o *0 e be V c2 "O be c 3- 0im S3 S3 S cu C3 S3 cfl U' V u *E S X o O c S3 C3 s ^ S S' o 0000-NLI-000018537 Islands. A paint factory has been construc now in operation. xr- --x4 oX rxO\)' Crt-M-* -- xr XX O' Xr^T osc' ^ X * LP r^r CM ir--e Xo x' CM c"ct crm-' m "lOft i- rf C"fMt --r O' rO-' x xco tr*-O CM tx-r ^"ft >cee t/5 i-- X cv xCM' * Xr- 4% fX'X LOLCO' c m' r r-' c--e" 4^ t- reec CM co c-i 1--^ rX CO rc--mi' W _ ~i O"t in r- PC XrC-'J' c m' r-' o o in, CM ' " LC O t- c m "ft frC-' cCCM ef O', iOn' Tt CM ' 1/5' p-r O' C/^ CfCMC*ff XXL/* XCM^ O' c-T o' cc Or- M"ft Xc Xcc or-" Tt "ft ' r-` oCM m "ft r? co cCoM CO CxM t-' ' ' cT Or-^' C"Mt X O lc OTt' "ft "ft c^* ccr p" Cl m X CO cc pX"--ft m CXM xrx-^' c m' , Xo ' 2b cvb c m' "ft ' CM wT CM CO PO ^t_ O' XO'. icto! X CM r-' 00 iCXnM x' rxX*c' xTtr of CO "t C%M% Xo*e Co C "ft r- X T"* X :^ X X r- X CM, X , X x,, CM X x' c m' CO x' --r c m' ' X o ? r~- X, r^. X x^ ^ X f-1 ^4' X r-T CM x' Tt X rH "ft p-- ^4 -- X M P-- CM CM o' r-' X CM "ft CM c m' t* p- -- Cl <d z= <" z< y~ 2 ^< OS u cc >J Pt CM X CM X X 0s 00 ^ "ft X x' O' X ' ' X ' c m' ' "ft Tt t! XX X ' r-' X eM r-m tf co "ft r- r- W3 ><55 5 `z5r 2i c 43 Cx 43 O' c/3 V2 ns rs C/} S _ ,, 433 5- c0*> X " cfi O tg -- C\ ,, c* aa. cs u 5" *33 xx c r* --* O' 43 >c 5u s (fi Cd B C/3 hIa a 4X3 13 _ccoT (J5 13 43 85 Oo' XJ CM~ 2 H s cm sf O' o H o , 5 U5 O 2 "T* i-* ' ' X eo ' "t* r--1 X x' iTM" X P4 C _C *i 3 Z fi o c/3 $g >3 -c CC T3 X C "t PT* # <-- o 4i u> 43 ~< aj - cW Jj 43 -- C -2 * "3 - O 43 .2 -a nc 4^33 fscC F:IS CM S .--2 S ^x ai ^ no c m eg .-- c c e 68 O' * c ^ SS fee .i c t_40> oc?l ;O' S c O S o .- X *3 no (N O' 43 25 ,, vc c-- X *m in u ngo c 43 s ^ 05 3^ pr u in X --3 4Xi > *_** --X In O cu 'Scb S- ,,3 X S "3 C2 x 85 > =,* r- X CM^ r-i x' p* "t x' O' o CO C 43 a. *3 o. 43 0000-NLI-000018539 33 if) _2 o 54 x ^ 22 ? O I-* 7-4 r. s X C - 2 - 4. _2 CC o'iS ~ ** - c - s 3 -Ci 54)* Og - -o m -C .54 (ft Q P 3 1.2 ~o "O .ii | <= a - s-S? 2 4) x> O c3_ o2*"* = C. 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