Document bBxbXRmB65kpOjyBGo0X4xdEg

^atPcgetooa PLASTICS COMPANY Mr. J. R. Lawrence, Technical Director The Society of the Plastics Industry, Inc., 355 Lexington Avenue New York, N. Y. 10017 RECEIVED SEP 7IS78 August 25, 1976 Dear Mr. Lawrence: Wc have analyzed the General. Ledger computer printouts for March, April and May, 1976 (fiscal year fourth quarter for the SPI-VCM/PVC Producers Group) and the LcgaL and public relations billings as submitted to me with your letter of August 6, 1976. A summary of expenditures versus revenue received for the entire fiscal year 1975/76 is attached along with a summary of assessments paid. Total assessments for the year amounted to $660,000 of which $623,l6*i.50, or 94,42%, has been paid. Those companies which are in default as of the year-end are as follows: ' AAttmtAoiinun+ t % Paid Outstanding Dow Chemical Great American Chemical Hooker Chemical Keysor-Century Corp. *19.45 75.76 98.22 75-76 $ 35,100.00 912.00 167.50 656.00 s 36,835.50 I'-xpenditures for the Fourth Quarter amounted to $216,305.90, with legal and public relations expenses accounting for *19.94% and *19.13% of this total, respectively. Year to date expenditures amount to ^551,585*66, with legal and public relations expenses making up 55*9% and 4 1 .3% of this total. The major portion of these expenses represent staff services of the law firms and the public relations firm. Expen ditures for the four quarters, including the 197*1-75 deficit carryover, amount to 88.8% of the budgeted assessment income and to 93*5% of the total actual income for the year. Please continue to send to me copies of all Minutes as well as copies of all legal and public relations billings for review with the general ledger computer printouts. e Very truly yours, RKJ:MED:mhn Attachments (2) cc: Mr. T. C. Walker R. K. Johnson Controller FIRESTONE PLASTICS COMPANY . DIVISION OF THE FIRESTONE TIRE & RUBBER COMPANY BOX 699, FIRESTONE BOULEVARD, P0TTST0WN, PENNSYLVANIA 19464 GENC 011064 9<?0U COMPANY Air Products & Chemicals Allied Chemical 11. F. Goodrich Borden Chemical Certain--Teed Products Continental Oil Co. Diamond Shamrock Dow Chemical Ethyl Corp. Firestone Plastics General Tire 4 Rubber Goodyear Tire & Rubber Great American Chemical Hooker Chemical Keysor-Century Corp. Pantasote Co. of N.Y. P.P.G. Industries llobintech, Inc. Shell Chemical Co. Stauffer Chemical Tenneco, Inc. Union Carbide Uniroyal (Uni-Chem) TOTALS the society of the plastics industry, inc. VCM & PVC PHODUCERS GROUP ASSESSMENT INCOME ANALYSIS BASED ON TOTAL ASSESSMENT OF 5660,000 TOTAL ASSESSMENT s 10,758 16,170 ; 108,17*1 26,928 9,438 60,852 30,162 69,^32 33,132 21,516 6,732 14,78*1 3,762 9,438 2,706 8,052 48,444 19,404 82,896 25,806 25,542 19,404 6,468 PAYMENTS FIRST THREE QUARTERS $ 6,683 16,170 108,174 26,928 9.438 60,852 30,162 34,332 33,132 21,516 6,732 9,184 2,850 9,270. 50 2,050 8,052 48,444 19,404 82,896 25,806 25,542 12,054 6,468 PAYMENTS FOURTH QTR. 5 4,075 -- - - - - 5,600 - - - - - - 7,350 - 5660,000 5606,139. 50 517,025 8/25/76 TOTAL PAYMENTS 10,758 16,170 108,174 26,928 9,438 60,852 30,162 34,332 33,132 21,516 6,732 14,784 2,850 9,270. 50 2,050 8,052 48,444 19,404 82,896 25,806 25,542 19,404 6,468 5623,164. 50 * PA 11) 100.00 100.00 100.00 100.00 100.00 100.00 100.00 49.45 100.00 100.00 100.00 100.00 75.76 98.22 75.76 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 94.42