Document dY9OO0MRL80NKXJgYB58q32GG

- r-- ----- --- - -- - ~^-r- - - - -- - - -....... - - -------- ------- \ LEAD INDUSTRIES ASSOCIATION 4SO UEXINOTON AVXWU* NCW VOWK IT, N. V. Jamary ), 1955 ynentSHTP 3UB5CRIPTIC:g-195$ t-lAl 96g to Mashers of ths Load Inhuitrlto Association! tho attached statement constitutes jour estimated subscriptions to tba Lead Induatrlaa JLaaoolatlon for the first quarter of 1955j subject to later adjustments whan complete 1951* produotien and consumption figures ara available. tha Board of Diractor* baa aada some ocangea In tba method of subscribing to tho prcootlonal actlrltlas of tha Association, although aubaerlptlona to tha Ordinary Fund, Including Safety and fyglene, aro on tha asaa basis aa In tha past and as outlined in tha ?y~Laws of tha As sociation! With raspact to tha promotional actirltlos, in tho past, sub scriptions to tha Metallic Load Products Fund have baan provided tothlrds by manufacturers of load pipe, shoat and fittings and calking load, and on*third by tha lead mining oonpanies, and In tha easa of tho Pigosnta A Chemicals Division Fund, they have boon provided on a 50-50 tn.,1 by tha manufacturers of red lead for paint and tho lead mining rcnpanle*, iirvo/er, no subscriptlons have boea necessary to the Figments A Che deals Fund for tha past two years since reserve funds sere used exclusively to finance these activities. In 1955, sellers of pig lead will subscribe a fund approximating 950.000, to ha used aa explained below under the respective funds. Aa a result, manufacturers will subscribe a smallar proportion of tha total finds used for promotional activities than In tba past and miners will no longer subscribe to tha promotional actlrltlas, The major part of tha promotional funds will now soma from tha sellers of pig lead. Mac?b is k ip , mctroiwo siren km uroias (aois.iar f u m>) Total subscriptions to this Fund have baan established at 390,000 for 1955 compared with 934 500 in 1952* although expenditures amounting to 9109.000, tha soma aa in ly5h, have been authorised, tha difference being derived from payments to tha Association by tha Metal Powder Association, Interest on savings accounts, ato. Thus, tha statement for the Ordinary Fund, including Safety and fyglens, for tha first quarter of 1955 la on tha seat basis as 1952* adjusted quarterly subscriptions. / 119mm (. -UigpMJSIJfr* mm&timrtitr rimn TMitiii iiMm Thant M-fitianri LI*19684 S -2- iftTUXic i,r n rv'^TT'i Pivt-tKH (cii'pjwr Total subscriptions to this F'wd have boon establlshod it 90,000 for 1955 compared with 36,500 in 1954 although expenditures amounting to H09,000, th asae as In 1951* have boon authorixod, the difference being derived from payconta to the Association by tha Motel Powder Association, Interest on livings accounts, etc. Thus, the statement for the Ordinary fund. Including Safety and (Vgione, for the fint quarter of 1955 li on the aaae bull u 1954 adjusted quarterly subscriptions. nOVPtTS IVP CHOflCtLS DIVISIOH Expenditures for thia Division of 15,000 have been authorised for 1955, approximately the sase as 1954, but aince all 1954 expenditures were aide froo roservos, which are now nearly exhausted, new subscriptions will be necessary to provide these funds, itowever, instead of ono-half the total being subscribed by cinufacturora of red load for paint only ap proximately one-third or 5,500 will be subscribed from that source, amount ing to an estimated 504 per ton of red lead shipped to the paint industry, the balance of o9,500 to make up the authorised budget will be taken froo the new fund subscribed by sellers of pig lead. The attached statement is baaed on 504 per ton on 1953 rod lead shlcaor.ta to the paint industry (pond ing receipt of 1954 figures) and no subscriptions from mining companies for this Division. IKD05TRT Dgraonrorr f v k d This new fund will be baaed on s subscription of 74 per ton of pig lead sold in the United States, whether of domestic or foreign origin, estimated to yield a fund of approximately $50,000. Of this 26,500 will be transferred to tho Motallle Lead Products Fund and 39,500 to the Pig ments and Chemicals Fund. The balance will be used as datemined by a Committee of Pig Load Sellers for other prceotlonal and educational acti vities. The attached statement is baaed on this rate per ton and 1953 figures, pending receipt of full 1954 figures from pig lead sellers. SUB3BQUB/T 1DJUSTHEHT3 Adjustments will be mado in subscriptions in a subsequent state ment, based upon tho respective final 1954 tonnages reportad by members. Hay we, therefore, have, at your earliest convenience, the following ton nages for the year 1954 1. Doaestio lead mined (recoverable lead content only). 2. Lead smelted and refined. 3. Lead consumed In manufacture of lead products. 4. Lead consumed in manufacture of assembled artleles (such as storage batteries, cablo end ammunition). 5. Foreign lead exported to the United States (Including ores, concentrates, bullion, pig lead, and lead produote-lead content only). Li A 1^685 -3- th foregoing 1* for tho fwrpoi* of calculating tho Ordinary fund* Including Safoty and tygluno, aub*crlptlon*. May * alto hnvo tho following additional tonnagea for 19$h, where applicable, tor the purpcie of calculating tho variouo promotional fundai 1. Load con*ud In the manufacture of load pipe, ohoot and fitting*. 2. Load conauaod In tho manufacture of calking load. J. Sod load (hipped to point manufacturer*. Pig load oold In tho Cnltod Statu*. \; w .III * - n ,JJ14UWB1 .'OB^Banawywwg .<mm w.'iu or i .-)y i ioi'm ( Mprn-fl H5J&I li'ir iniWri-MUiiOit.e