Document dQoM424NYRKNqoXOjJVwDxGvB

August 13, 1968 To: Prom: Subject: W. D. Neathery R. M. Burns Smith & Kanzler Major Accomplishments for 1968 We operated the year at a near breakeven point in spite of inadequate sales. We continued the development of Victor papers and put the Victor 150 facing material into production. We Installed the Beta gauge on the machine and put the Jordan refiner in the line. This improved the quality and output such that we are now much more reliable. A new 3 year contract favorable to the company was negotiated. R. M. Burns cl VPD-158-0000722 (DANA-229