Document emNrvN1E7eJYXV2MNrD5D29ze

would bo necessary to operate at a deficit, tor perhaps two to three years ia order to reorganize and overhaul the Foundation In an attempt to breathe new life into it. The 1963 deficit was, therefore, anticipated. Or. deTrevlUe then read his report as Managing Olrector of the Foundation. (A copy of bis remarks entitled "Foundation Facts" is Included in this report.) , The Chairman then opened the meeting for general discussion. Dr. deTrevlUe reported that the Foundation's Technical Committees had all held lun- o, cheon meetings that day and had advised him that they would like time to plan a full, highly techni cal program for next year. This will be done, even U it is found necessary to extend the meeting for an additional day in order to respond to the needs of our members. Therp being no further business to come before this Membership Meeting, the meeting was adjourned at 5:00 p.m. E. K. Davison Secretary 4.