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LIA20733 ANNUAL MEETING OF THE L va-T-Fts 6f t h f LEAP INDUSTRIES ASSOCIATION New York, H.Y. April 86, 1946 The annual meeting of the members of the Lead Industries Association was held on Friday, April 86, 1946, at 1:25 P.M., at the Waldorf-Astoria Hotel, New York, H.Y. PRESENT REPRESENTING B. N. Zimmer K. C. Erownell A. E. Bendelarl J. H. Schaefer E. L. Newhouse, Jr. K. Nibecker F. T7. Rockwell H. Rowe 0 C. E. Dodge I. H. Cornell C. H. Crane E. V. Peters W. H. Street F. F. Colcord N. R. Taylor L. R. Peters T. G. Stover The American Metal Co, Ltd. Anerican Smelting k Refining Co. Eagle-Picher Co. Ethyl Corp. Federated Metals Division American Smelting k Refining Co Imperial Type Metal Co. National Lead Co. National Lead Co. Phelps Dodge Co. St. Joseph Lead Co. St. Joseph Lead Co. St. Joseph Lead Co. United American Metals Corp. United States Smelting Refining k Mining Co. Inc. United States Smelting Refining & Mining Co. Inc. Western Electric Co. Western Electric Co. F. E. Wormser, Secretary-Treasurer R. L. Ziegfeld, Assistant Secretary REPRESENTED EY PROXY Alpha Petals, Inc. General Lead Manufacturing Co. Bunker Hill k Sullivan Mining Hammond Lead Products Inc. k Concentrating Co. Hecla Mining Co. Chi**f Consolidated y.lning Co. Johnston Tin Foil & Metal Co. Crown Petal Co. Kahn Eros. Dickson Weatherproof Nall Co. Lewin-Vathes Co. Division Lead Co. John R. MacGregor Lead Co. Q Euston Lead Co. Evans Petal Co. Federal Pining A Smelting Co. Metals Refining Co. Mike Horse Mining k Milling Co. New Park Mining Co. W. P. Filler k Co. Northwest Lead Co. Gardiner Metal Co. Park Utah Consolidated Mines Co. --way ! Annual Meeting Minutes April 26, 1946 - 2- Pittsburgh White Metal Co. Inc. River Smelting A Refining Co. Rochester Lead Works, Inc. Shattuck Penn Mining Corp. Silver King Coalition Mines Co. Standard Rolling Mills, Inc. Sunshine Mining Co. Tamarack & Custer Consoli dated Mining Co. Hyman Vlener k Sons Mr. Crane occupied the chair. The minutes of the previous meeting held on May 29, 1945, were approved. REPORT OF THE SECRETARY The Secretary presented a written report, attached as Exhibit "A," which he summarized. FEDERAL TRADE COMMISSIOH He also called attention to the fact that the Federal Trade Commission had recently amended its complaint against the producers of white lead to Include red lead, hut that the Lead Industries Association was not included as a re spondent. He strongly resented an implication, however, that the Lead Industries Association had engaged in any practices warranting Its mention in the complaint. TREASURERS REPORT The Treasurer submitted a report on the audit of the account of the Association by independent auditors, which is attached as Exhibit "B." PRESIDENT'S REPORT The President then presented a verbal report in which he stated that in his opinion the Lead Industries Association was now core necessary than ever. He said he considered the manufacturing members as the sales agents of the producing members. He pointed out that in the friendly countries in which we are interested, the production of lead amounted to 1,400,000 tons in 1939, whereas last year the same countries produced only 1,100,000 tons. He felt the equitable appor tionment of this tonnage was prevented by the idea that it can be done artificially by Government instead of naturally. He felt that the best way to distribute lead equitably is through a free market so that those willing to pay the most will get the lead. He said that it was imperative to stimu late production of lead all over the world to cure the critical world shortage. He believed the domestic ceiling price should mum n'wup mil him. iMijpwi <WilWHWHBIIWlWL'!Hg3 *BP' LIA20735 Annual Meeting Minutes April B6, 1946 -3 - be raised to the world price plus the emergency tariff, or 8.09^ per lb. plus 1.06^, or about 9.15^ per lb. This would enable the Government to remove import controls and permit the necessary imports to be made privately. He stated that the Gov ernment was hampered currently in not being able to do any pur chasing of imports beyond June 30. As the United States* lead economy had been geared during the war for an Importation of around 300,000 tons per year, it was necessary for imports to come into the United States in large volume during the current shortage or until domestic nines could again operate at cepacity. ELECTION OF BOARD OF DIRECTORS A quorum being present, in person or by proxy, the follow ing Directors were duly nominated, and there being no other nomi nations, and all nominees being eligible, the following were unanimously reelected Directors of the Lead Industries Associ ation for the ensuing year: REPRESENTING Norman Hickman F. H. Erownell, Chairmen of the Hoard Clarence Glass, Vice President S. A. Easton, President A. E. Bendelarl J. H. Schaefer, Vice Pres. E. L. Newhouse, Jr., Pres. L. E. Hanley, President P. E. Sprague, Vice Pres. F. 17. Rockwell, Pres. 0. li. Friendly, Vice Pres. C. H. Crane, President James Iver3, Vice Pres. J. N. '.Tade, Pre3. F. F. Colcord, Vice Pres. The American Metal Co. Ltd. American Smelting & Refining Co. Anaconda Sales Co. Bunker Hill 1c Sullivan Mining k Concentrating Co. The Eagle-Picher Co. Ethyl Corp. Federated Metals Division American Smelting & Refining Co. Hecla Mining Co. Glidden Co. National Lead Co. Park Utah Consolidated Mines Co. St. Joseph Lord Co. Silver King Coalition Mines Co. Tintic Standard Mining Co. United States Smelting Refining & Mining Co. Inc. The meeting adjourned at 1:40 P.M. 4 Secretary ve* tm* LIA20736 ' 1 n ,u j 1 I . . , *XMMt A April 1S46 -R-E-P--O-R-T_ O. f ' THE....S..E. .C.R..E.T.ARY Simparl ling th* Aotlvitlee of th* LEAD IRDPST8IES ASSOCIATIOR for th* Tbar IMS 1G3IBERSHIP During 1945, th* Bielpa Dodge Corporation, with Important load pro duction in Arltona w< added to tha Aaioolatlon memberehlp rcater. Thla Bring* th* total mecberthip of tha Lead Induatrlee Aaaoclatlon to 66 eoaapanlea, and eontinuaa the gratifying trend of a gradually lnoreaaing moo ter* hip, a testimonial of th* value of th* Aaaooiatlen'e work. It further add* to th* oanprehenalve oorera-e of the lead induatry by the Aaaooiation'a maoberahip in all branch** of the induatry. STATISTICS Th* regular atatiatioal aenrloea of th* Aaaooiation have been continued and proved of great value in wartime, particularly in dealing* with th* Gov ernment and in keeping the Induatry itself aoourately informed of the trend of it* cem buaineaa. During the war aa you know, nuaeroua apeoial atatiatioal reportaon pig load tale*, min* production and labor were apecifically requeated by tho Gorerznent from ua beoauae of th* promptnett with which oar data are gathered and publlthed# Realiaing the burden on macaber o aspanic* of reportingetatietioa to th* Aaaoclatlon, an eamett endeavor ha* been made to keep *11 our atatiatiee aa almplifled at potalbl*. To thla end, unneoeaeary report* have been eliminated, auch aa report* prevloualy gathered on production, atocka and ahlpmenta of metalllo lead produot* which were diaoontlnued at the beginning of 1966, be cause they duplicated information on report* gathered at th* requeat of the Kar Production Board tin** the war. Only one new etatletlcal report waa added to the Aaaoclatlon'* aervlee during the year. Thie affected tho lead mining onmpanica only and waa atartod at the requeat of tho Tier Production Board. It cover* labor wcployed by mining oanpanlea in order to gat a monthly up-to-date plotur* of the labor eupply at tho mine*. i[ -ji'WT- r*9m N 2388.01 -i Minfffwwy jH w j mmiuutj LIA 20737 f t* ' ' It i gratifying that during the wsr, many nomember oompanles, realising 1 the value of the Aesodetlon's etatlitics, contributed to thair eollactlon, and meet of thsse hara ocatinued to contribute since the termination of the war* In fact. In acne instance*, our statietlcal servlo* haa bean a means of Interesting fiomecbtri in becoming members of the Association. It la not our deeire to gather any etatistloa unneoeaaarlly and auggaatlona ' for aimpllfloatlon are alwaya welcome, but wa do faal It eeaential for members the Aseoolstion to have adequate etatlstic* oorarlng the entire lead industry. KASHIMOTOM ACT IVITIE3 ' , ' The Aaeoolatlon haa oontlnued to keep In eloae touch with numerous (torero* ment war agenclea and their auooeaaora alnoe the tarolnatlon of the war. Tour Secretary appeared before the Senate Finance Committee and the Houae Coonltteo on Way* and Meant In connection with the extension of the Reoiprooal Trade Agrooment* Act. Tie are pleased to report that, although the Aot waa extended, an auaondnont which would min liaise further outs In the lead tariff was adopted* The Aray Industrial College held a aacinar on lead late In the year, whloh wae attondod by the Seorotary and aereral members of the Association'* Exooutlvo Casalttoo. Tho Sooretary oonaontod on tho load situation at thl* eoolnar. 7\ \ I Twr . Tho Sooretary appoarod as a witnoaa beforo tho Federal Trado Ccmisslcn In eonnoctlon with a ocoplaint against aoat of tho mombora of tho white load industry brought during 1944 aooking to ohaego tho aothod of tolling whito load In tho Unitod States, although tho Association is not lnoludod In tho oaaplalat. Dosplto tho eonolusion of hostilities, tho Comment la continuing to play as Important a part a* oror in tho aotiritlos of Industry. It appoars that tho Association will hero to continuo Indefinitely kcoping in close touch with all temporary end permanent Co re ranont a roneloi having anything to do with tho load industry and Its branches, which moans naarly all of then. ^WAR BU^LLETIKS a Becouse of continued gorernment control* over lead during 1945, the Assooln* tion has continued to leeue Its War Bulletin* from time to time despite th* ending of the wnr In ordor to provide aaabors promptly with copies of Govornaont orders rnd other Information affecting load and It* ueee. FROMOTIOKAL ACTIVITIES Boonuso of tho war and tho short supply of load, most of tho Association's promotional aotivitlos woro more or loee curtallod again during 1945. WHITE LEAD PROCRAM Tho whito load promotional aotivitlos of tho Association romnlnod dormant -- uUflai w*- L IA 20738 -3. during 1945, with the oxosptlon of trade paper announce* jot* during the fourth <,\:artor of the year when the Government permitted larger quantities of lead to be ocnverted into white lead, A snail additional fuod wag aeoumulated during 1944, which hat boon get atlae at a reserve. In the latter part of the year, a mute Lead Technical Committee ocssposed of technical men froa the white lead producer* wat organised with 100^ representaticn frcsn industry. Thi# Oaaclttee hat begun to lay the ground work for neceeeary technical Information to eubttantlate c la in t for the greater uat of white lead oarbonate in mixed pigment paintt, varioua phatet of the ret earch work being parceled out to the different companies repreeentod on the oamalttee. A eoriot of paper# ia boing prepared by members of thle Ccnaltteo for presentation before Paint Produotion Cli'bt and other Interested groups. Thia technical program it still In its infancy and no funds were expended on it in 1945* Pr(motional work on white land in the agricultural field continued but on a curtailed bctit with the eooperation of the American Turpentine Farmers Associa tion Coop*retire. A detailed report hat been furnished to subsorlbers. The recep tion accorded the program in educational circles both Fedoral and Stato, continues to bo remarkably anthuslastio and ooopomtlre. RED LEAD PROGRAM Thia red lead program was oontinuod during the year, but in September the Direotor of our Red Lead Research resigned and is new retained only on a part-time consulting basis .Although we hare no full tine Director at the moment, the Red Lead Technical Ccaaittoo is continuing to sect regularly and haring already made consid erable progress in the derelopment of red lead mixed plgmentatJ ms for marine primers, has laid out a program of res earoh on atmospherio exposure. During the year, this group also supported research at the Battelle Manorial Institute on the effoot of rarlous paints on welding steel. This welding program was not ccmplotod at tho ond of the year and ia being oontinuod into 1946. A dotailod report of tho Rod Load aotiritioa was mndo to subscribers. METALLIC LEAD PRODUCTS PROGRAM Because of the short lead supply end the ending of the war, which made available competitive products previously in short supply, it has been neeessary to be more vigilant than ovor to protect load's market in the pluablng and water works fields. We belicvo that the market so far has boon well protootod and ths use of loud in some ins tan cos hat actually grown. Plans woro laid to oxpand tho activities of this program into tho ohcmloal construction flold which is such an important outlot for shoot load and load pipo, but for various reasons no now activity was ootually bogus along this lino Is 1945. Wo oont*nuod to publish PLUMBERS' LEAD FORUM, circulating It to between 25,000 and J0,000 pooplo in tho plimbing Industry. Its roooptiai In tho trado has been raiarkably enthutlaotlo, A report of this program has been made in detail to subscribers. null.. nap " ,w WWi' ww'i. mingy h w j mw w w wl*eM-w LIA 20739 GE3EPAL PROMPT ICS WORK In its fifteenth year, our cugarir.e "Lead" was distributed to between 90,000 and 95,000 uaere and potential uaera and specifiers of lead and its product!* Thle magatiae alao, we believe, hae an excellent reoeption and ha* oreated Invaluable good will for lead in many quarters* LP-AP n,7QHiaTI01t BULLETIM The* t bulletin! publiahed from tine to tine for our members were eontlnued for the aeocnd year* Ke believe that they have performed a uaaful purpoee and are will always appreciate suggestions for improvement of thla eervloe* LEAD HTGIEKE Attention to the eerloua problem faoed by all the lead induetriaa beoaute of the toxio nature of our metal la occupying a growing rather than a diminishing amount of the Aeeoclatlon'a time* This is largely owing to attacks upon lead that oannot be ignored for, if unchallenged, they may very easily lead to the aponaoring of totally unwarranted State and federal legislation of a regulatory or prohibitive character* In bulletins to our aaabera we have related from tine to time the re-- eulta of our lead hygiene investigations which have frequently disclosed Inaccurate sedioal work* Suffice it to say here that this is an unending battle from which we can only withdraw at our peril* fortunately, medical research on lead is becoming norw com plete ar.d reassuring as' tine goes on and we have nothing to fear from the truth. In this connection I an pleased to report that the Anerioon Medical Association and the Lead Industries Association, with the cooperation cf the United States Public Health Service, will hold a oolloqulus or ejmpoaius on lead at the fall convention of the American Medical Association which should go far to clearing up nlsunderstsmdinr, about lead in the rank and file of physicians* The project promises to be an out- . standing one* As a matter of record your secretary wae Invited to speak to the engineering and medical staff of tha Anericon Cjonomid Co. at Bound Brook on load - a most interesting experience. Subsequently, he was lnvltodto address the medical staff of the Sew Rochelle Hospital, It was a most revealing experience and oonvinoed mo that the forthcoming convention of the Amerioan Medical Association will fill a long felt want in creating a better understanding about lead among the aedioal pro fession* CONCLUSIOH The Lead Industries Association outers the post war piriod with the fooling of having creditably performed niEserous valuable war servloe* for Government and industry* If the Association had cot been in existence, semething like it would have had to be founded during the war* ' i ii" iiinji L IA207A0 C3 For most of the wsr period, lead wss in plentiful supply onl oarrled part of the turden of other motals whose supply van insufficient for ell need*. Kcw the ehse ii on the other foot, Lead ii seriously ehort, largely because of govornraeot price and import eontrol*. It 1* ny fira conviotion that a fro* market will bring a correction of this situation quloker than any govorment expodiont. Quite likely tho postwar piano of load price* will bo higher than prewar in order to stimulate a groater output of tho nstal. It i* alto quite llkoly that load will losu, only temporarily I hope, tone of the markots which it ha* fought to keep against competition, Ihl* i a noit unpleeeant prospeot to faoe expeoially for u* considering the effort* we have made to proteot and enlarge our narket** One must expect that war will oau*e terrlflo economic di*location*. It would be too such to expeot tlst wo could etor.pe without some injury. But out of this period will ocme, I feel *ure, new reipeot for the wonderful and Indispensable qualities of our metal - and within a comparatively ihort time, an adjustment in supply and demand that will again put our lnduitry in balance and eliminate many current pre**ing problwu, Metal* change their eoor.coio picture* qulekly. To illustrate, over a year and a half ago, we were worried about the large itockplle of lead in the hands of the government. Today we are worried about finding enough lead, not only for a stockpile but for the ordinary everyday essential usee of the setal. What the"* status will be t. few years hanoo, we do not knew,but under the American free enter prise system, the future of lead is secure, . R ` * .1 1^ submiitttteedd. l ___ } i i i i i ! "W!  *> i ir^mm mmm'i-jiPLUtf.ipi .) uii LIA20741 !J MEMBERS or THE LEAD INWSTRTES ASSOC lA? 10Jt April, 1946 Alpha Metals, Inc. The A.-.erloan lisral Co.Ltd. 365 h udt:A Are. 61 Broadway Brooklyn 1, K.T, New fork 6, K.T. n. \ i' 'vj American fcsltlnj A Refining Co. Broken Kill Associated Shelters Proprietary Ltd. Bunker Kill * ^ullivui Mining * C-noc.atratipg Co. Cambridge Smelting Co. Chief Consolidated Mining Co. Crown Uetal Co. Bavrook dining Co. Dickson Weatherproof Nail Co. 120 Broadway Collins House 100 Psolfio St, 117-9 {.Washington 8t P.0. Box 690 New York 5, K.T. Melbourne ClAuetrslU Kellogg, Idaho Cambridge, Maes. Eureka, Ulan ,Milwaukee 4, Wie. Wallace, Idaho - Evanston 4 111. ' Division Lead Co. 626 W. Kinxie St. Ohio*go 22, 111, The Eagle-Plcher Co. American Bldg. Cincinnati 1, Ohio The Elootrio Auto-Lite Co. P.0. Bo* 951 Toledo 1, (kilo Ethvl Corporation Euston Lead Co.(The Olldden Co.) 405 Lexington Are. 600 Penn Are. Wow Tork 17, K.T. Soranton 5, At, Evans Lead Dlrlslon(Satlcnal Lead Co. P.0. Bo* 1457 Charleston 26, W.Va, Evans Ketal Co. P.O.Box 97,iio.Slde Branoh Atlanta, Ga. Federal dining A Smelting Co. 120 Broadway New Tor* 5, K.T. Federated Petals Dlvleion of Amerioan Smelting 4 Refining Co. aThe Firestone Tire 4 hubber Co. The Flemn Lead Co., Ino. IS>2o0x Broadway P,Firestone Parle New Tork 6, X.T. Akron 17, Ohio Bradley Are.4 Sohool St. Long Island CitylJLIi W.P. Fuller 4 Co. Gardiner Hetal Co. Genoral Load ^anufaoturiae Co. Goldsnltr. Bros .Smelting 4 aofining Co Ham and Lead Products Zuo. 501 liisson St. 4820 S. Campbell Are. 2122 Karxet St. 66 n. Lasnington St. First Iruet Building San Francisco 19,Gal. Chioar.o 32, 111, Denver 2, Colo. Chicago 2, 111, Kanaond, lnd Keel a dining Co. SSfiSMtiSf i0a*-efining Co. 86-95 Hyatt Are. Wallace, Idaho Wallace, Idaho Newark 5, S.J. Imperial Type Metal Co.. 5400 Aramlogo Ave. Phila. 54, Pa. International Smelting U Kef. Co. (Anaconda Sales Co. Agents) 26 Broadway New Tork 4. E.T. The Jonnston Tin Foil 4 Uetal Co. Kahn Brothers The Kansas City Snelting t Mfg. Co. The Lov.-in-Lr the* Corp. John R. ItcGregor Lead Co. petals r.efin'r.i, Co.(The Gllddon Co.) Kike Horse Mining 4 Milling Co. Rational Lead Cc. liew Park .lining Co. North Amorlcan Soolting Co,, Ino. 2lb-13 Guinotte St. ChoutcuU at 12th 4620 N, lbth St. 620 Power Bldg. Ill Broadway Edgeoont 4 Tioga Sts. Kojiaas City 1, Mo. St, Louis Ho. Chicago 25, 111. Ha.-rsond, lnd. Helena, Hoot, New York 6, K.T. Keotloy, Utah Phila, 54, Pa. Northwest Lead Co, Park Utah Consolidated Mines Co. Phoips Dodge Corp. jd.ttsbur.-h ifhltc Metal Co. aeynolde yetr.ls Co. Rlvor iir.cltinr 4 Refining Co. 270C-lCth Ave.,S.W. Continontcl Bank Bldg. 40 Wall Street g34 Hamilton Are. Reynolds Metals Bldg. 4155 Eradloy Road Seattle 4, Wash. Salt Lai:o City l.Ut&h "ow York 6, K.T. rooklvn !l, S.y, ichmoild 19, \r. Clovoland 1, Ohio Rochester Load Works, Ine. 580 Exchange St, Rochester 8, S.T. St. Josoph Load Co. 260 Park Iran Now York 17, il.Y. Shattuck Bean Mining Corp. Sheraan Lead Co. 120 Broadway New York 5, N,Y. Wallace, Idaho The S -.orwin-WHllama Co. 101 Proepeot Ave.,U,W, Silver King Coalition Minas Co. 1010 Kearns Building Silverstein . Pinsof, Ino. 1706-1720 Elston Ave. Standard Rolling Hills, Ine. 145 Jewell St. Sunshine Mining Co. 115 N. Second St. Tamarack 6 Custer Consolidated Mining Co: Untie Standard k'lning Co, Walker Bank Bldg. Cleveland 15, Ohio Salt Lake City l,UNah Chicago 22, 111. Brooklyn 22, N.Y, Yaki-ta, Wasnington Wallaoe, Idaho Salt Lake Cityl,Utnh United American netele Corp. 196 Diamond St, Brooklyn 22, u.x. United States Snelting Rofinlng 4 Mining Co.,lno. The Victory White uetaPXo. Hyson VIor.or t Sons Vulcan Load Products Co. The Wensley i et..l Proauote Co, Western tleotrio Co.,Ino. White Metal Rolling 4 Stamping Corp. 67 William St. 1206 Main St. 6200 Hatcher St, 1646 W * Plorco st. 1445 Oeace St. 19b Broadway 60 Moultrie St. Now Tor': 5, H.Y. Clove Land 13, Ohio Riohnond 5, Va, Milwaukoo 4, Wie. Denver 2, Colo. New York*7. N. Ye Brooklyn 22, B,T. Winohoster Repeating Arms Co. New Haven 4, Conn. Aeeooiato lieaber. jmrmm m/ft LIA207^2 * 1 :i * % ' 4 'i i -i j j ** 3 i * Annual Meeting Minutes HASKINS & 8ELL8 ccmncD p u b u o a o c o u n t a mt * Exhibit B" April , 1946 I tAT 44 T4T N IW YORK IT a c c o u n t an t s * a&ciyicAX& Load Industries Association; 'ie have examined the balance sheet of lead Industries Association as of December 31, laws and the related siatement of Income and expenses for the year epded that date, have reviewed the accounting procedures of ti? Association, and have examined its accountli^; records and otlier erldtnoe in support of such financial statements. Our examination was made in accordance with generally acoepted auditing standards applicable In the circumstances and Included all auditing procedures we considered necessary, which proce dures were applied by tests to the extont we deemed appro priate In view of the system of internal control. In our opinion, the accompanying balance sheet and statement of Income and expenses fairly present the finan cial condition or the Association at December 31, laws and. the results of its operations for the year ended that date, in conformity with generally aooepted accounting principles and practloes applied on a basis consistent with that of the prooedlng year. ^^ New York, March 1, lUWfe. r r" V.O N 2388.02 m <**'' 1 miwi' "* iw .! wi! iiy^ i'niirini^ Li *20?4^ * - - .v \:<z, "i * ^ < / t' t - it ? I 3 \ t I ! i 1 I i IXAD IKDUSTRIKS ASSOCIATION BALANCE S1D3T. DbCSlBHH 31. 1945 A8SKT8 CASH........................................................................................................... $ 83,751.44 . UNITE) STAINS OF AlCJhICI TK4ASUHT CKHII11QATK3 CT IKXK3THDUSSS, 7/8Jk# DUi JUNB 1, 1346................................................... 100,000.00 DU* PKUH KHKHKhS.................................................... 100.00 ADVANCES iXiB ThAVLLINO XXPENSHS..................................................... 2,250.00 ALa ZHAVHL IEP0SIT............................................................................... **25.00 A0CA.iNT HNCTalYADLE - Xetal Pcwder Association..................... .. 300.00 TOTAL. $186,826.44 ACCOUNTS PUUU A HD R K SKKV1S ACCOUNTS PAIA3IE I 1,083.23 lOkSNHVxkS: General Proaotlan Procram Pund......................... Ordinary x~und........................................................... iiotalllc Lead Products Division Pun!............. led lead Division lund....................................... Agricultural Service Division Fund................ Southern Agricultural service Division Pund Sheet Lead Division fund..................................... reserve for Medical Research............................. Deserve for Her 3ook............................................. 1118,434.40 24,309.27 13,342.3b 8,342.11 9,002.92 583.55 3,002.00 4,000.00 4,ooo.oo Total reserves 185,737.21 TOTAL. $188,826.44 NOTS: The oost of furniture, fixtures, and equipment has boon written off to expense.  npjpi"w *m WfK* wpgj j iww1* ~ UA20744 .-.-> 'A.wO. ___ _ , , ,-. ,, - -, ui tAjj | FrvuSJTIGN j R\(JGrlAiI UKLDJAKY J;TOTAL>V!Q________________________________________________ rVM) 1A . ij1 assessments for 1995.... : on Tnitei Otates Treasury u'icubes - net.......... Total Income.... __ - J \ :.-i ........................ , anl ttletpraph.. V. ._cao/ arid o.iloe supplies.......... * - 1 ex oase................... .. . -r.lij.ent, lunc^ons. 0 *Q - Llsfcc............................... J, ,, ... . iaii. research Duterial..... rr- .1 _ . orations.......................... Cco t o: jlolications: lead..'*.................................... p .Cw* tlJT 3 Sea. 3* *\fcp eolation -cues................... V, >. ini a*.'s-ity tfo.es.... r.l-?. .... ---iC * # P PC :: -and subscriptions.. *.v . . r'.iur*, lluVuro3, toil office V - ' v-- * O f,............................... 7- .tlc.'is anl exnibits. Lc '.1 neeiinp.s........................ 1 4 . . -4 * j W ^ e-uiiT.cnt, cabinets. and film w f . .1 Tati on 1`ees................. ' : Inane ous.......... ................ Total oxpunsus.. * - - i.Mv-b (KXl'bKbilS) Pv^t JkliA u *TV*. - mm* * r* total............ $185,220.SO $ 28,260.50 $6S,198.5C 307.88 8ln5.o06.33 39 7, 88 28 ,096, ?3 $05,198. 5C S 68,195.00/$ 5,9 79.30 1,922.37 1,229.15 15,109.lc 2,097.17 9,133.92 17,295.03 1,170.58 2 7c.o3 2,759.51 7 ,339. 00 i33,93o. 00 1 G3G* 00 20. 27 3,093. 30 1,322. 02 99o. 9C 120. 13 2,728. 1C 207. 99 o37. 3c 1 ,062. 39 9,000. 00 993. 38 19 7. 91 1,937. 90 9,183.09 9,953.19 002.33 1,265.37 / 20.00 522.39 218. 75 9,183. 09 337. 33 lo3. 70 20. 00 522. 39 273.07 oo2.oa 199.70 17.02 2 73. 07 11,802.10 973.55 30o.00 1.967.33 199 T 05 937. 99 :i52.oy7.o3 JL- 10, 192, 5? ^o.ir 3-.v i 89 $ 32,910.75 V% lr>, 955. 85 j 3,759. Ol 152. 'l2Q9u 99, 9 76. r -7 rJ 23,<-03. $165,737.21 $118, 939. 90 $29,309. 27 "rS AT SO Or' Y-L'.b____ 8185,737.21 13j 939. 90_ fKKaBKi* ur'-wsasa II rr- } m ' LUZO7^ "" L..O- 1 '' '- \ - pM.i onioioK DIVISION ivro ____ 7v ;p --TVMAL oco.viox: DIVISION iV13 -*"L0~2Uj '- "b,. O^.VICa * DIVISION d iX ___ tvia...------- i 329,237.00 $20,028.00 $32,566.50 $10,000.00 C29.237.00 320,023.00 332.565.50 310.0j O.OO V 7,350.00 3 7,625.00 $ 8,500.00 $ 3,600.00 I 701.60 75. 79 119.06 605.50 I 29.8o 227.62 5,930.77 1,lob.51 3, 760.16 1,382.65 2oQ.62 176.31 123.29 o35.65 3,076.53 13,295.63 279.00 393.20 75. 72 176.76 310.95 315.39 15.63 t- r l- r i'1 6,058.16 2o5.50 2/6.95 225.61 23o.37 160.99 % * r*' s t . C, ' 651.00 lOW.70 17.02 611.08 9,293.17 2,563.93 323.55 650.00 306.00 207.13________63.69 111.63 686.86 .23.206.69 323.375. 37 ,26,9t>3.oo 3 9.6<i2.23 $ 5,062.11 3 3,367.3/ $ 7,562.86 $ 517.71 1, 3, JO.05 o.of0.63 1,6 jJ,0365.66 ,3.002.00 $6,000.00 S6.0C-0.00 ?5.OOP. 00 $13,962.96 $ 3,362.11 $ 9,062.92 ' 583.55 83,002.00 06,000.00 $6,000.00 $5,COO.00 5,000.00||5,000.00