Document dYJQKJVQ20rYaJYgM39ZQQN7q

PLAINTIFF'S (| EXHIBIT I WV-03923 P,ao,S48 file Manager, Australian Blue Asbestos Ltd., mmssiLMsoz- bear Sir, 16til April, 1952. Produced in Asbestos Personal tnjur/C:-""1'-- *T". copied <0 rv:~U- fTSRS STOCKS. Valcatlcn of as at 30th June, 1952. We refer to our 5o.762'of 13th October, 1950, and No.906 oi 9th November, 1951, in this connection. file basis for -valuation of stocks should, of course, be cost or sailing price whichever is the lower, cost being the average of all fibre fer the half 70ar and selling the price current at the and of the half year. If valued at selling price then the prices would be, providing they have not been altered at 20th June this year - Per short ton f.o.b. frgffifintla Ne.l So.3 200 215 170. (allowing 10 for possible reduction in price of overseas sales) The above prices would be less filing expenses to be incurred, dependent on the location of ths fibre end as set out on the sheet attached tc our So.792, 9Xthc\s?h as the costs have increased, it say be necessary to niter tse figures previously used. If valued at cost it would be necessary to add sellin expenses tc the cost at Bill, dependent on the location of the fibre. Please include v;ith veur :ccounts each * year a statement sotting cut details of tic Ilsur-- used for valuing your fibre stocks , similar to the aheet mentioned above, so that we can readily asetteachhoewdthtceyohuarv8eob.7ee2n compiled. 1 WV-003923 2. The Manager, Australian Blue Asbestos Ltd Wy r- copied vo n~` ,u Person** and p.Ho.Me. 3he whole cf the reserve created At 20th June, 1951, viz 23,773, for loss on contract with Minerals Fibres will be written back at 50th June, 1952, as previously instructed. If there are still unexecuted orders to? Minerals Fibres at SOth June, it will be necessary to value the stocks representing them cn the basis of cur selling price to them rta/ ffo.l No. 2 No.2 132 oer short ton f.o.b. Fremantle. 110 * 93 " * * less expenses dependent cn the 1ccation of the fibre. Informstier, as to these unexecuted orders should be obtained from C.S.R. Perth immediately prior to 30th June. It --ill not be necessary to make any allowance for the No .3 grade fibre sold to Johns Maavilla as full price is no< obtained for this fibre. Asbestos Products paying the different between the price to Johns-Manvillc and the current selling prii 23&' fining Metallurgical Congress, (p.433). We agree it is desirable that Mr.BTcachurfit and Mr.Uiomas should attend not only to.gain information and meet the personnel sagaged in the mining and setcllurgical world but als< to enable such personnel to lesm something cf the site and jjapcrtonce cf our ssbestoa prefect. However we could not contemplate such an extensive tour as you have tentatively suggested which would *aean the absence of these two officers from ICth April tc almost the end of May. The most we could agree to would ce iot tnem to carry out the pre-sessional tour B wid then attend tns official business session in Melbourne possibly tour C la ^Xboume. Mtentatively it may be bettor for them to leave Melbourne almost directly after the business session and visit hyalla on the **ay back to Western Australia ss there is much of interest to ae* at this place. wo would not bo prepared fer theme officer# to be s-bsent for t-cr* <v'*n r*r. tv -at. <p. 3 CC^ Ehe Manager, Australian Blue Asbestos Ltd* P.Ka.346 Please advise it you wish the to be given approval to attend the conference under these conditions. SPagJffI MHHB* Minutes- Directors Meet We attach hereto copy of Minutes of Meeting held on e 14th April, 1952, PIKAS C5. Xou will note from the Minutes that, althc* you asked for n loan of 21,000 from the C.3.R.Co.Ltd*, no loan has been authorised* lou have shown 99,479 as having bees received for i*ibre sales during the last 4 weeks willed presuaab Includes Invoices up to and Including Wo* 292 for Carters Ltd. this is so we know that casn for invoices 295/297 for 28,018 has been received and that according to information received tv C..S.R. Perth, further shipments during April will total approx* 50,000 and this will r.ore than itever your estimated requireroen of ^21,000 ai'tsr ^Hewing for yo^ir atins ted receipts for fibre of 35,000. Should there be pny del&v la shipments during Apr! and you are likely to be shert of finance, please adfise us* In future we wotild like you, -'tiea ? hewing the amount received f< fibre sales for the previous period, to advise us of the invoicnumbers included in this amount .*< 93-297 inclusive* s:CLO.SPgga* Copy cf Minutes cf Keeping* Zours faithfully, 3 it* Managing Director