Document V3Xm5MvKkQGGLE47QJyjeBMkK

FILE NAME Cape Asbestos CAPE DATE 1975 July 4 DOC CAPE157 DOCUMENT DESCRIPTION Letter from Cape Asbestos Fibre Ltd. to Mr. Morgan noting resignation of board members for liability reasons Legal - Tibbs Case Exhibit 55 REGISTERED IN ENGLAND No. 676 215 REGISTERIO OFFICE Iver Lane Cowley Uxbridge Middlesex UB8 2JQ Telephone Uxbridge 37111 Telegrams Amoblue Uxbridge Telex 23471 UXB Mr. C.G. Morgan 39 Croydon Lane York Woods Oak Brook Illinois 60521 Please reply to 114 PARK STREET LONDON WIY 4AB Tel 60262 022 4th July 1975 Dear Gerry Tony advantage nor I had Penna has come to the conclusion so far as the Pittsburgh case is been members of the NAAC and in that it would have been of some concerned if neither Mr. Higham Mr. Higham's case EGNEP Boards Although it will not affect the present situation Tony has recommended that it would be as well for Mr. Higham and me to resign from these and other Boards which could conceivably be involved in future actions You will understand that the reason for this is to dissociate the Parent Company as fully as possible from the operating companies and that it does not imply any change whatever in the method of operation or the present responsibilities of individuals concerned including yourself The formal resignations will reach you in due course and I understand that it will be necessary to amend the Articles to reduce the minimum number of directors to three In view of the other changes we are contemplating and about which I wrote to you recently it would hardly seem appropriate to appoint other directors at this time but it will of course be necessary to go through the formality of appointing a Chairman I suggest that you discuss these formalities with Max as soon as you can and it would seem logical for either him or for Herb to become Chairman It would I think be as well for this file and so I am sending it to your home at his private address letter I am not to appear on the office also sending a copy to Max Yours sincerely WFG ate 100152