Document QkgJVQbo2maZjEooD2aDVv5Oo

Th e Ca r t e r Wh it e Le a d Co mp a n y o f Ca n a d a .Umit e d Ma n u f a c t u r e r s o f Wh it e Le a d Re d Le a d .Or a n g e Min e r a l a n d Lit h a r g e 1295 De id r imie r Av e n u e . Mo n t r e a l November 15, 1961. Canadian Titanium Pigments limited, 1401 McGill College Ava. Montreal 2, Qua, Gentlemens Attentions Mr. M. B. Tipton, Vice-President & General Manager. Your letter of November 14th received, outlining our recent discussion regarding changes for the basis of remuneration which was originally specified in Paragraph 4 of your letter of March 29th, and this paragraph will be considered as having terminated as at August 31st. All other arrangements outlined in your letter of March 29th remain unchanged. Effective as from September 1st, and to be continued until December 31, 1961, the costa will be based as follows: . Tribase Tribase E Dythal $16.19 per 100 lbs. $18.47 n " " $22.21 a and the difference between these costs and your selling revenue will have an equal division between the two companies. However, from your share of the profits you are to absorb sales expense, outside ware housing, freight and cartage, or other distribution costs. A review and possible revision will ba mad after the closing of our records as of December 31, 1961, and tentatively at semi-annual intervals thereafter. This is in accordance with our discussion and acknowledgment of your letter of November 14th. JSMtEB Yours very truly, THE CARTER WHITE LEAD.COMPANY of Canada, Limited > ' ' _ f f -/ ' ' Managing Director, %L 000041770