Document jmzNxpQ86DzDLNkjp5MQQ7KYp

A 1 I `V. NKDALCO : ; ---------------------------- f'KODUCID.- NO 1161 OF J9ef rt Directors Meeting of Dlrocturs of Australl ent^i9vv ' Asbestos Limited held at the office of the Con.pony, 1st Western Australian 3enk Chambers, 1C william street, Perth, at -- 10.30 a.m. on Saturday, 10th April 194-3. Present Registration Mr. Charles Wilfrid Roberts Powell, - Hvin firncat Terry Layton, John Leith Tucker. A letter wea received from tie Solicitors of the Company reporting that the Company was registered on the Sixth day of April 1943 as forwarded s certificate of incorporaticn and certificote of the fp prove! of the Registrar Companies to the registered office of the Co: being situate at first Floor, western Austro: Bank Chambers, lft William street, Perth. Ce: copies of the Memorandum and Articles of Aasc were also produced. .... Directors. Mr. C.W.K. Powell, n.fi.T.layton and J.L.TUek* accepted office er. Directors and took their-: Chairman of Directors. Hi*. C.W.K. Powell was elected Chairmen * Directors. Managing Director Mr. C.W.K. Powell was appointed Managing Dirof the Company. Seal A seel was produced, an impression thereof w: made in the Minute Book and it was resolved ,* this seel be taken as the common seal of the Company. Produced to Asbeojo.* Ferscnai IcnojuprieydCtaosResic. hAaw.d*r.1-JSiecsrudbsnsd; X) Secretary. Publ^ c Officer. ! Bank. i t Auditors, Mr.J.L. Tucker was ^pointed Secretary of theCompony Mr. ,J.L. `Tucker wus appointed Publio Officer for the purpose of the Taxation Act:;. It was resolved that en account in the Cosoar n*^!:e b* opened with the B&ii* of New South-W*l Perth. it wuu resolved that the said Bank be and is hereby authorised to honour cheques, proaissc notos, bills of exchange, drafts and other., instruments, drawn accepted or cuds on behalf the Company, and that the Company's said sect shell bo operated on fully by overrtrev/ing or otherwise by tny two of Cherlos Wilfrid riobei Powell, Ooorge Norrie Worlcdgo, Jemes Alexanc Slmslie, John Leith Tucker, ilvin Krnest Ten Layton Jointly, end that any cne of the abort be empowered to or.dorse cheques, drafts, pros notes, bills of lading and other negotiable Instruments for and on behalf of the Company. The Secretary wea instructed to report conCe: the selection r.f Auditors r-uitable .-to tho Cos PRODUCED (N MATTER OF PRODUCED IN M Kegl stars. The Secretary wes instructed ell nocoosery books jnd registo^9.IW80F Shares. A Cheque for 25 wea received in psyoen for the twenty-five Deferred Shares to issued to the signatories to the Karuore end Articles of Association and it wee to Issue the following fully petd Defer Shares to -such tifmetories vl2i- Charles Wilfrid Roberta Powell : 5 Shares numbered 80001 to inolusivt George Norrle Worledge i Jcnes A* lexander Ensile l i John Leith Tucker : 5 Shares numbered 80006 to inclusive 5 Shares numbered 80011 to inclusive : 5 Shares numbered 80016' to' ' Inclusive .21v!d ^rnoat Tarry Layton : 5 Shares numbered 80021 to ____inclusive As application vs* received free The Col C Sugar ftoflnlng company Limited for ten t one hundred end seventy-five Deferred Sh (10175) in the Company together with a c for ?5&3 15'0* representing a payments 5/- par share. It was resolved to idiot ten thousand on hundred end seventy-five Deferred Shares (10175) numbered 80026 to 90200 lnclu3iv-. the said Company. B&k * WODUCED IN MATO? OF HHYS V. MIDALCO NO 1161 OF 1987 3. Miiillifl1 .if tut lam iUrf PRODUCED IN MATTER# BARROW V. MIDALCO NO 1148 OF 1987 Share Certificate. The Allowing fox* of Share Certificate .was adoptod;- tM Wnun mmwin Mif "Th* li.------------------ _ __ An, lets,* tumniwu). CAPITAL:___ ___..JN______ SHARES OF__ ,,_K Option of Agreement. y .cf.-sX Mr. Powell 'advised that The Colonial Sugar Refining Company Limited wes prepared to asslpi its option from the L.0.Hancock Asbestos Company, dated 16th Deoamber 19i? to Australian Blue Asbostoe Limited for the sum of Five Hundred pounds 11*500). It was resolved that thle offer be accepted end Ur, Powell, produced the eesl&uoftnt of the option executed by the Colonial Sugar refining Company Limited, and It was resolved thet the Common eoel of this company be affixed thereto. the % * r^.liV/cS^^AsVel'tbVtai^ MW option . held by The Colonial auger Refining Company Limited by agreement dated 16th December 1^12j has been assigned to this Company. I HUUO.UJ a\ U\i\ r l fcj< Of HEYS V. MJ0ALCO NO U61 OF 1967 -nation of Ar.reeoent tcontd.)- Allotment of Shares ^ to Vendors. C p- Q07 oi <?..? Q,JiL . 4 BARROW V. MIOAL NO U48 0F 1987 Mr. Powell tiso reported that the L.G.Hancock Asbestos Company were desire that the purchase of their assets should be cerried into o^^Act by tne making cf two separate contracts In respect of the assets proposed to bo purchased, and ha submitted the offers of the Vendors to sell as contained In the two agreements already executed by them and produced t\, the meeting. Mr. Powell produced tt latter received fre L.G. Hancock Asbestos Company doted 10th April 1913 snylng that they have conpleti tli? agreements on the understanding that should the Articles of Association not give effect to Clauses 5 d. and 5 e. of the said option the Articles will be -- suitably emended to give effect .thereto. It. wea resolved thet the offers contained the said two agreements be accepted by th Company and th?t the common sotl of the Company bs effixed thereto. It was resolved to ellot nine thousand eight hundred fully paid Deferred Shares: to the Vendors of the L.U.Hrncock Asbastc Compcny as follows: - In) To the said Lnnglev George Hancock three thousand nine hundred sherna to be Numbered 90201 to 94100 Inclusive. \b) To the stld ^rlc John Truro Warren one thousand nine hundred and fifty shares to bs numbered 94101 to 96r'50 inclusive or lc) To the sold Ernest Archibald l>ynrd Wright one thousand nine hundred end ^Ifty shares to be Numbered 96051 to 9BOOO inclusive -- Id) To the said Langley George Hancock one thousand shores to be Numbered 98001 j to 99000 Inclusive 1. {e) To the said Eric John Truro Warren Five hundred shsres to be numbered 99001 -V to 99 50u inclusive nd I +) TO the said Ernest Archibald Maynard Wright Five hundred shores to be numbered, 99501 to 100,000 inclusive. v The Secretory was instructed to intone the L.G. Hancock Asbestos uonpeny that the sold deferred Shares ere to be issued upon completion of the regtstrnt'rn of the tran? *ers o* mineral claims ri5K, "16rl, fl7H, ?18H end ?44h' rnd that the Scrip Certi**cftt In respect .such shares ere to be '- deposited by the Company w\Th the Common- wealth Sub Treasury, Melbourne, in the term of the Consent deted ??nd day of February 1943 Qr the Uelop/to of ths Treasurer of the Commonwealth of Austrclie. / yL . . r' j JS i i w. Of HEYS V. MIDALCO NO U610F19B? HKODUCED iN MATT. BARROW V. M1DAL NO 1148 OF 198 "inance. The following accounts froa th*L.C.K*n< Asbestos Cot-piny wore produced by the Se Account dated 8/4/1943. f?97. 8. 6. being wrount pMC i:!nes Dip*-rts-ent account of the C conn set *cn with t ion for MlterM. e and-search notes, Invoice Wo. 74 dr-tod S/4/1947 f*9. 9. ?. beln expenses to during Kr.C.W.S.F; trip to the I-Iemor; Arjiges end return. Involce No.25 _deted. 8/4/1943 116. 7. 0. bsing hire of cs.r acid trip. Invoice No. 71 deted 8/4/1943 $130* 11. 8. ' being purchase ofstores on account Company. Invoice No.?8 retort 8/4/1943 * 59 6. bein.-; purchase ofbuildings end fltt tod expenses ut 5h The Secretary >s authorised to pay the t eocounts. Tnvo'ce No. :-6 d*-ted 8/4/29/.? f!3l6. 0. 0. else received l L.G. KencoeK Asbest wompony being propc for the purchase of Item a or machinery sittings. It wes resolved that certain of these it* the value o. 971 be pureneaed and thevt. remainder of the ltw.9 be subject to furt: report ^rom the Engineer tn Charge of the Company** operations for the time being. The above Minutes having baen read were-du confined end signed by the Chairmen. Ch-'.trmrn o'* Directors. 10th April, 1943. PRODUCED IN MATTER OF * HEYS V. MIDALCO NO 1161 OF 1987 kRODyCED IN MA\ BARROW V. MIL NO U48 0F IS T.rrmTrv:;: OF t~ITITIC <v niiBCTC.iS of :usT^\Li;.N `r^xrt AC^v.yrnr- tv^rm heli*. *t 1 O'Concoll $tr*%t, Sydney, at. J.JOp.a. on ilonday, 21st June, 1945.. Proasnt. C.h.L. Powell (mc.u^lnc Director), G.K. Vfoi-ledg' J.A. ELnolitJ, Diroctoro. In attendance Mr. ):.S. Breakspear. Apootntmer.t of Auditors. It v.ms decided that Mer.erf.. Merry Merry, Chartered Accountants, of bo St. George's ___ --- ----Terrace, Perth, be Appointed Auditors to the Cot and that their reauuaration be a natter of nutu* agreement. Transfer of waning Leases. It was rosolvod thnt the transfer of Mining Leases as horoundor oat out be execute under the Company's Seal - C Ernest Archibald Uuyn&rd Yfright to Australinn B1 Asbestos Licit tod :t t* it tt ft t* tt Mineral Claim 215 it n 21b nft tt 217 n H n 21^ n * n ti n M n 244 f* H 2*4 *1 m 1 n 26? n ti ft m 266 it n n tt tt 267 n *1 t It tt 270 Langley Ceorge Hancock tt ft 268 n ft n tt tt 26$ tt ft tt 271 t n ft ti 272 : it ft tt ft tt 275 : ( Shore Certificates. Authority woe given for sealing wi th the Company's Soal the following cortificutaa for Del Shure3 und for Mr. H.E. Breukspear to countersign certificates. Certificate No.l C.W.R.Powell, 5 shares, diatingt G.N. Worledgof5 J.A. Elmsllo, 5 J.L. Tucker, 5 li.E.T. Layton,5 tf n n H ing tt tt ti Nos.80003 8000 80011 8001 80021 The Colonial Sugar Refining Co.Ltd., 10,175 t 80026/9C Articles of Association. A >tter doted the 5th January, 1?4J from L.C. Hancock Asbestos Company, referring to certain alterations desired to the Articles of Association, was read. It was decided that the proposed alterations bo referred to The Colonial Sugar Refining Co. Ltd. for its consideration. ,**.'**85SSSS PRODUCED IN MATTER OF HEYS V. MiDALCO NO 1161 OF 1987 PUOUUCED IN f-'cA' BARROW V. MIC NO 1148 OF 1 Of AUSTK/.LT/.II BLU3 ASPSSTOr. LIMITED held at 1 O'Connell Street, Sydney, at 2.15 p.ro. on Tuesday, 20th July, 19*3. Prerent. Messrs. C.Y/.R. Powell (Ucnarlnr Director); C.N. Y.'orledr.e end J.A* Xlmslie (Directors) In attendance, Cf". U.EV'Erenkspcar. C*r,flr-^ntlon nf Mn:tes. The Minutes of. the previous meeting were reac, confirmed end alined. .. Trsue of Fhr< Certiflgates. It vms resolved that the following certificates for Deferred Sheres he sealed with tho Company's seal and that thereafter they be despatched to the Ccrrr.onv.-eelth Sub-Trc&sxircr, Melbourne, In pursuance of the condition in the Treasurer's Consent to the formation of the Company, also that Mr. H.E. Brcakspcer be authorised to countersign such certlf- f icotea. Certificate No. 7 L90e2n0r1ley- G9*e1o0rg0e. Hancock, 3900 shares, m 8 Eric John Truro Warren, 19$0 shares, 94101 9&O50. 9 Ernest Archibald Maynard Wright, 1950 shares, 96051 - 9&000. 10 Lengloy Ceorge Hancock, 1000 shares, 98001 - 99000. 'w w 11 Eric John Truro Warren, 500 shares, 99001 - 99500. m m 12 Ernest Archibald Maynard Wright, 500 S^Tiolrtm' shares, 99501 - 100003. ?r;t of The Colonial Funer Reflnlrr Co. Ltd. as Menarln^ ArcP.t cn . o 1 o or. It v;as reported that-The holcnij.1 huger Aoi'ininp Co. Ltd. hod duly executed tho agreement proposed by this Company under v.-hich The Colonial iiucor Roflnlng Co. Ltd. should act es Managing Agent and Sole Distributor. Alternate Directors. It was resolved that approval be .given to the appointment of Mr. Keith Osborne Brown to act as en elternate Director during tho absence or inability to act of Mr. G.M. Worledge, and also that approval be given to tho appointment of Mr. Alan Charles Higgs to act In tho absence or inability to act of Ur. J.A. Elnalio. __ --. - armies Personal ,n Am5~V- .5sci and ^F-'SCW99S r1 19*3 'VftOOUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 MINUTES Or MEETING OF DIiaCTORS Of AUSTRALIAN BLUE ASPS5T0S LIMITED PRODUCED IN MA* BARROW V. MID NO 1148 OF ]': held at 1 O'Connell Street, Sydney, *\t 2.30 p.m. .. . .on'Monday, 26th July, 19*3* Present, Messrs. C.Vt.R. Powell (Managing Director); G.N. Worledge and J.A. Elmslie (Directors). Confirmation of Minutes. The minutes of the previous ''meeting were reed, oonflrmod and signed. Aoollcat-i-on for-Ordlnarv Shares. '' It* was' reported to the meeting that an application dated 26th July, .. , i 190, had been made by Tho`Colonial Sugar Refining J - Company Limited for twenty thousand ordinary- shares of one pound each In the oapitel of the Company. Issue of Capital. It was resolved that an issue.of capital ` bo made to the extent of twenty thousand ordinary shares of one pound each, to be numbered from 1 to 20,000 inclusive, payable 2a.6d; per share on application, 2s.6d. per share on allotment, und the balance In oolls of not less than la.Od. per share ns und'when made; also that'such shares / be allotted to The Colonial Sugar Refining Company v Limited in terms of that Company's application of the 26th July," 190;" * I;*'-- Chairman of Directors. 1943. na, copied to Richssa K.-Sc.f PRODUCED IN MATTER OF 'HEYSV. M1DALCO NO 1161 OF 1987 AUSTR'U- .ED IN MATTER OWV MIDALCC ' NO 1148 OF 1987 M l nuto9 m' First General Meeting Bel A at Sydney ~ en the 30th July, 10.13. PSU:s.k?JTj Hessrr. C.V.B. Powell (Chairman), 0.1. Worledga, J.A. Slaslie, J.l. fucker (by bit proxy Mr. C.V.B. Powell). E.2.T. Inyton (by bis proxy Mr. C.V.B. Powell) and The Colonial Sugar Refining Company Limited (by Its proxy Mr. C.V.B. Powell). Kr. B.S. Breakspear was In attenda&ee. HOfICB OP HEWING* Mr. O.M. Vorledge. for the Secretary, read the notice as set out below, convening the Meeting. HOfICB IS gCTBBT PITER that pursuant to Section 4$ of tbs Companies Act 1893*1938 the Statutory General Meeting of tbe ---------- ----------- " Company will be bald at *. 1 O'Connell' Street, Sydney, in tb State of Hew South Vales on -Friday tbe 30th day of July, 1943 at 3 o'clock in tbe afternoon. Business 1. To receive tbe Directors* Report. 2. To discuss Betters connected with tbe flotation of tba Company. 3. To transact such other business as nay be required to be transacted by this meeting aAd in particular to eonsldez and If thought fit to pass tbe following laaolutlen as Special Besolution. Resolution. That tbe Articles of Association of this Company be amended as follows*- Artlcle 3. Amend by adding at tbe end of 3 (*) and a right to a return of Capital in a winding up of pari pai with other shares.* Article 4. Amended by adding at tbe end -- Ho shares stall, without the sanction of a apeolal resolution c a general aentlng of tbe holders of deferred shares be issued- or allotted conferring a right to a dividend exoeediag that ex tbe ordinary shares in tbe original capital or conferring.'vet1 or any other rights la respect thereof not also conferred by'i ordinary shares in tbe original capital*. " * Article 55. Delete existing Article and Insert la lieu ther 55. Tbe quorum for a General Meeting shall be at least four members present la person or by proxy Attorney or representatl holding or representing between them not less than one half of tbe deferred share capital of the Company*. Add new Article after 7& vis 7&1* Article ?6i. *Tbe holders for the time being of deferred ,-?> Shares Bos. 90201*100000 Inclusive shall have the right to else one Director of the Company. On the office of any Director elected pursuant to this article becoming vao&at the holders fc E&WAUff.M! Produced in Asbestos Personal Injury Cases: Ab-a-rr.:^C.r:-J copied to Richard F. G-IUC JS*`' PRODUCED IN MATTER OF HEYS V. MIDALCO NO 116) OF 1987 2' the tine being of a majority of ouch deferred hares eleet a successor. Any Director elected under this Artlele shall subject to Articles 78 and 62 hereof hold office until the next following General Meeting of the Company. Vo person shall he eligible for election as a Director under this Article unless he is the holder of Deferred ...Shares in the Coapaay and the written consent of at least two Directors is first obtained provided that such consent shall not be unreasonably withheld*. Article 120. Amend by deleting all words after the word *Conpsny* appearing in line 15, and insert In lien thereof Any each funds aey-be resorted to for dividends orfor peyaaat of a bonus to the holders of deferred shares -him- ever the Directors shall think-It safe and proper-to do eo. And the whole or stay part of the undivided profits or of any Reeervo or other funds suty with the sanction of the Company in Ordinary or Xxtraordlnary General Meeting by Special* Resolution bo converted into capital of the 0onpany and fully or partly paid shares in respect thereof Issued to holders of deferred shares in proportion to their respective rights and interests*. Artlele 121. Delete existing Article 121 and insert In lieu thereof -- 121. "Subject to the provisions of the preceding Artlele . as to Reserve fund' and subject to the rights of members entitled to shores issued upon special conditions the profits of the Conpany shall be divisible aaong the holders of deferred shares la proportion to the ancunt of empltal paid up or credited as paid up on the deferred shares held by then respectively.* . -'**> Article 158. Amend by deleting all words after the word "distributed^ appearing In the twelfth line and Insert la lieu thereof - e "amongst the holders of deferred shares in proportion to the 5capital at the eesmenceaent of the winding up paid up or idxieh ou^xt to have been paid up on the deferred shares held by -? ` then respectively. Bat this clause Is to be vlthont prejudice Jj. ` to the rights of the holders of shares Issued upon special . conditions. * "' -- -- ?** 'he Chairman declared the Meeting duly constituted* BISECTORS* RgPOBTl The Chairman read the report of the Directors on the business of the Company, a copy of hls remarks being annexed. APPOIKTHSnr Of AUDITORS! Zt vat resolved that Messrs. Kerry and Kerry, Chartered Accountants of Perth, be appointed Auditors to the Conpany to hold office In accordance with Artlele Bo. 141 of the Articles of Association of the Conpany, at a reeunsratlon to be mutually agreed. *.2i J PRODUCED IN MATTER OF KEYS V. MIDALCO NO 1163 OF 1987 ^PfjOCED,N MATTER OF BA^?W V MIDALCO NO 1148 OF 1987 ALTER-TM S TO ARTICLES 0* ASyOCIATICH 0/ TH7. COV.PASTI It vat moved at t SPECIAL SBSOL'JTIOS, taeondad and carried that the Articles of Aesoclatl of this Company be Amended at follow:* Article T. Amend by adding at the end of 3 (a) and. a right to a return of Capital la a winding up pari ptttu with other shares.* Article d Auended by adding at the end Vo shares shall* vlthout the sanction of a special resolution of 1 general meeting of the holders of deferred shares, be Issued or allotconferring a right to a dividend exceeding that on the ordinary share' in the original capital or conferring voting or any other rights in respect thereof not also conferred by the ordinary shares in the orig capital. Article 55. Delete existing Article and insert in lieu thereof * l_r ^The quorum for a General Meeting shall be at least four nembere present In person or by proay Attorney or representative holding or representing between them not less then one half of the deferred sbar capital of the Company. ... Add nev Article after 76, vis 7&A. Article 76A. "The holders for the time being of deferred Shares Xos. 90201 - 100000 Inclusive shall have the right to eleet one Director of the Conpany. On the office of any Director elected pursuant to thl article becoming vacant tha holder* for the tine being of a majority of such deferred shares may eleet a successor. Any Director sleeted undrr this Article shall subject to Articles 78 and 82 hereof hold office until the next following General Meeting of the Coapaay. Vo person shall be eligible for election as a Dlreetor uadr this Article unless he is the holder of Deferred Shares in the Conpany and the written consent of at least two Directors is first obtained prorid that sueh consent shall not bewmsonably wltheld.* Article 120. Amend by deleting nil'words after the word Compaq* appearing In line 19. and Insert In lieu thereof Any vueb funds say be resorted to for dividends or for payment of bonus to the holders of deferred shares whenever the Directors shall thin* It safe and proper to do so. And the whole or say part of the undivided profits or of anyiReserve or other funds may with the aancti of the Company la Ordinary or Sxtrmordlaary General Meeting by Special Resolution be converted into capital of the Conpany and fully or parti: paid shares In respect thereof Issued.to holders of deferred shares.la proportion to thslr respective rights and interests.* Article 121. Delete existing Article 131 and Insert In lieu thereof * 121. Subject to the provisions of the preceding Article as to Reserve fund and subjeet to the rights of members entitled to shares issued upon special conditions the profits of the Company shall bs divisible among the holders of deferred shares in proportion to the amount of capital paid up or credited as paid up on the deferred eli&ree held by then respectively. Article 158. Amend by deleting all words after the word distributed* appearing in ths twelfth line and insert In lieu thereof amongst the holders of deferred shares In proportion to the capital at the commencement of the winding up paid up or which ought to have been paid up on the deferred shores held by them respectively. Rut this clause Is to be vlthout prejudice to the rights of the bolderi of shares issued upon speelal conditions.* 1 :v;w ffiODUCED IN MATTER OF HEY5 V. M1DALCO NO 1261 OF 1987 PRODUCED IN MAT BARROW V. MID. NO 1148 OF 19 MINUTES OF MELTING OF DIRECTORS Of AUSTRALIAN BLUE ASBESTOS LIMITED held at 1 O'Connell Street, Sydney, at 2.JO p.o. on Thursday, 2nd Septembor, 194-3. Present. Messrs. C.V.R. Powell (Managing Director); C. N. V.orledge and J. A.^ Elanlle jDirectors). Confirmation of Mlnutee. The minutes of the previous meeting were read, confirmed and signed. Call on Shares. It was resolved that a first call of five shillings per share be made on the twenty thousand ordinary shares allotted on the 26th July, 1943, J making them paid to ten shillings each, ouch call 1 to be due and payable forthwith to the Secretary ' at the registered office of the Company. Shire Certificate. Authority was given for sealing with the Company's seal Share Certificate No. 13 in respect of twenty thousand ordinary shores allotted to The Colonial Sugar Refining Company Ltd. and also for Mr. H. E. Bre&kspeor to countersign such Certificate. Chairman of Directors. 1?4J 1 Produced in Aste--- f?rsona| injury Casas: Afcrzr.-r 2nd copied to Richard F. Scruggs PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 PRODUCED IN MATi" - BAHROW V. M1DAL NO 1148 OF ws: 111MUTES or MEETING OF DIRECTORS of AUSTRALIAN BLUE ASBESTOS LIMITED Held at 1 O'Connell Street, Sydney, at 2.45 p.a. on Tuesday, the 14th September, 194}. Present. Messrs. C.V/.R. Powell, (Managing Director). G.H. Vforledge and J.A. Elmslie (Directors). Confirmation of Minutes. The Minutes of the previous meeting were read, confirmed and signed. Call on Shares. It .was resolved that'a second call of }s. Od. per share be made on'the 20,000 ordinary shares allotted on the 26th July, 1943, malting / them paid to 15e. Od. each, such oall to be due 1 and payable forthwith to the Secretary at.the registered office of the Company. C Chairman of Directors. , 1943. ( Produced in A*.Arsenal Injury Cases: A? ;r:rs '010 and copied to Richard F. Scruggs PRODUCES) JN MATTER OF HEYS V. MIDALCO NO 1161 OF 1967 PRODUCED IN MA _ -_ BARROW V. Mil. NO U48 0F ) minutes or rrrxTzm o? exactors or AUSTRALIAN BLUE ASBESTOS LIMITED Held at 1 0*Ccnnell Street, Sydney, et >.JO'p on Friday, .the ljth October, 1945. Present. Uescrs. CWK, Powell, (Uensglng Direotor) G.N. Worledge and J.A. Elmslle, (Director: Confirmation of Minutes. The Vlnutesof the previou meeting wore reud, confirmed and sigood. Cull on Shares. It was resolved that a third call e 5b. Od. per share be made on the 20,000 or shares allotted on the 26th July, 1945, pa them fully paid to 20e. Od. each, such el be due usd payable forthwith to the Secret: et the registered office of the Company, Application for Authority to Issue Capital.-- - It wee i that application be made to the Treasury fc poi-mlssion to Issue a further 40,000 ordine shores of the Company, . Chwlrmnn of Directors. r v Produced in AfHsrlos Personal Injury Cases: /i: ;.?3d and copied to Richard f. Scruggs ,v i PRODUCED IN MATTER OP HEYS V. MIDALCO NO 1)6) OP 1987 PRODUCED IN MA* BARROW V MIL NOU4&OP 1 minutes of meetinc, of DircrcroRS of AUSTRALIAN BLUE ASBESTOS .MV.TTKfj Hold nt 1 fl'Cciinel! Street, Sydney at 2.30 p.u. Cli r.day, the 15th November, 1943. Present. Messrs. C.fl.R. Powell, (Managing Director), G.H. Worledge and J.A. Eloalie* (Directors). Confirmation of Minutes. " The Minutes of the previous meeting wore reaa, confirmed end elgnod. Content to Issue of Capital# It wee reported that the necessary . consent had been received from the Treasury for the J laeue of a further 40,000 ordinary shares of the Company for cash subscription. Issue of Capital. It wos resolved that a further issue of capital he ernde to the extent 01 <10,000 ordinary shares of ill each, to he numbered from 20,001 V> 60,000, inclusive, payable 1/- per share on application, 1/- per share on Allotment, and the ( balance in culls of not less tluui 1/* per canro us "I and when nade; also that ouch shares b* oil or. tod to The Colonial Sugar Refining Co. Ltd. in toms of that Company's application of the 15th .November, 1943. ' Call on Shares. It was resolved that a first call of 1/per share be nade on the 40,000 ordinarv chares of the Company numbered 20,001 to 60,000, moking such shares paid up to 3/- each, ond thnl such call he J due and payable forthwith to the Secreta:1;. t the Registered Orfico of the Company. < Chairmen of Llrf.ctors. Produced in Mbcc'.rc Personal Injury Cases: Abrsn's 53; 3 and copied to Richard F. Scruggs PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 PRODUCED NMA` . BARROW V. MID NO 1148 OF n MINUTES or MEETING OF DIRECTORS or AUSTRALIAN SLUE ASBESTOS LIMITED Held at 1 0*0000511 Street, Sydney at 2*20 p. Wednesday, the 15th December, 194' Present. Messrs. C.W.fi. Powell, (Managing Director) G.N. .Worledge and J.A..Elnslle, (Directors Confirmation of Minutes. The Minutes of the previous were read, oonfirmed and signed. Issue of Capital. It was resolved that a Second Cal: 5a. Od. per share be made on the 40,000 Ordi Shares of the Company numbered 20,001 to 60, 1 making sueh shares paid up to 6s. Od. each, that such call be due and payable forthwith Secretary at the Registered Offloe of the Co Issue of Share Certificate. Authority was given for witiTthe Company13 seal Sharo Certificate Ho in rospect of 40,000 Ordinary Shares allotte 15th November, 1943,to The Colonial Sugar Re. Company Ltd. and also for Ur. H.E. Breakspea: countersign auch Certificate. Chairman of Directors Produced in Arteries Pomona/ injury Cases: Afcrams iacfand copied to Richard F. Scruggs d . * w *0 O First Directors Meeting of Directors cf Australian blue Asbestos Limited held at the office of the company, 1st Fleer `Western Australian 3enk Chambers, IS Killian street, Perth, =t 10.30 a.it. on Saturday, 10th April 19A-3* -hiC Present Mr. Charles Wilfrid Roberts Orwell, klvln Ernest Terry Layton, John Leith Tucker, Registration A letter was received from the Solicitors of the Company reporting that the Company was registered on the Sixtn day of April 1943 and forwarded a certificate of incorporation aod also certificate of the tpproval of the Registrar of Companies to toe registered office of tho Company being situate et hirat Floor, western Australian Bank Chambers, IS William street, I'arth. Certified copies o* t.-.e Memorandum and Articles of Association were also produced. Directors. Mr. C.W.K. rcwell, a.L.T.Layton and J.L.`lacker accepted office e* Directors and took their seat. Chairman of Directors. Mr, c.w.k. Newell was elected Chairman of Directors. Managing Direotor Mr. C.w.rt, rowell was appointed Managing Director of the Company. Seal A seal was produced, an impression thereof was made in the Minute book and it was resolved that this seal be taken as the common seal of the Company, Secretary, Public Officer Bank. Auditors. Mr.J.L. Tucker was {.pointed Secretary of the Company Mr. J.L. Tucker was appointed Publio Officer for the purpose of the Taxation Acts. It was resolved that an account in the Company's name b c-?ned with the dank of New South fteles, Perth. It was resolved that the said Bank be and Is hereby authorised to honour cheques, promissory notes, bills of exchange, drafts and other inatrumsnts, drawn accepted or made on behalf of the Company, and that the Company's said account shall be operated on fully by overdrawing or otherwise by any two of Charles rtllfrld rioberta Powell, George Norrie Worledge, James Alexander ISlmslie, John Leith Tucker, ilvin krnest Terry Layton Jointly, tnd that any cne of the above be empowered to endorse cheques, drafts, promissory notes, bills of lading and other negotiable instruments for and on behalf of the Company. The Secretary was instructed to report concerning the selection f Auditors .:uitsble to the Company. J00K3 r-na .-.erl st si's. 3 -ac ;-2t. to oot;.in all necessery books \ni registers. Shares. A cheque -'or 25 was received tn payment 'or the twenty-five Deferred Shares to 09 :ssued to the signatories to tr.a Keno random and Articles of Association nr.d it was resolved to issu-3 the following fully paid Deferred Shares to such signatories viv:- Charles Wilfrid Roberts Powell 5 Shares numbered 80001 to 80005 V inclusive George Norrie tforledge 5 Chares nuiroered 80006 to 80010^ inclusive Tames Alexander IHmslie 5 Shares numbered 80011 to 80015y inclusive John Leith Tucker f Snares numbered 80016 to 80020 y Inclusive 21vln Ernest Tarry Layton 5 Shares numbered 80021 to 8002 5*^ Inclusive An ~p.pl 1 cation wjs received ^rom Tne colonial Sugar Refining ^ompenv Limited for ten thousand one hundred and seventy-five Deferred Shares (1017c) in the Company together with cheque for '50.15.0. representing e payment of 5/- per snare. It was resolved to cllot ten thousand one hundred end seventy-'*!ve Deferred Shares (10175) numbered 80026 to 90?00 inclusive to the said Company. f 0693 Share Certificate. The *'ollowtng form of Share Certificate was adopted:- Coriiflcato No. (Ineonponttrt In Wntirn Austral!* undn "Tha CompanlM' Act. 1893," Amendments). .Vo. i CAPITAL, 9 SHARES OF.........EAC $4cota+*f Option of Agreement. w /' Mr. Powell advised that The Colonial Sugar t Refining Company Limited was prepared to assi^i its option from the L.G.Hsnooek Asbestos Company, dated 16th Deoember 1942, to Australian Blue Asbestos Limited for the ' 1 sum of Five Hundred pounds (500). It was resolved that this offer be acoepted end Mr. Powell produoed the assignment of the option executed by the Coloniel Sugar refining Company Limited, and it was resolved that the Ooramon seal of this Company be affixed thereto. th toWoptto. held by The Colonial Sugar .-tefining Company Limited by agreement dated 16th December 19L2> has been assicned to this Company. Option of Agreement [ contd.) Allotment of Shares to Vendors. ' 695 Mr. Powell eiso reported that the L.c.Hancock Asbestos Company were desirous t.-.at the purcr.e38 of their assets should be carried into e*'^ct. by toe making of two separate contracts in respect of the assets proposed to be purchased, and he submitted the offers of the Vendors to sell as contained In the two agreements already executed by them and produced the meeting. Mr. Powell produced a letter received from L.G.Hancock Asbestos Company dated 10th April 1943 sovlng tnat they have completed the agreements on the understanding that should the Articles of Association not give effect to Cluusea 5 d. and 5 e. of the said option the Articles will be suitably emended to give effect tnereto. It was resolved thst the offers contained in the said two agreements be accepted by the Company end thet the common seel of the Compeny be affixed thereto. It was rc3olved to ellot nine thousend eight hundred fully paid Deferred Shares to the Vendors of the L.G.Hancock Asbestos Compeny as follows: - It,} To the said Langlev George rh-.ncock three thousand nine hundred shares to be j Numbered 90201 to 94100 Inclusive. ^ lb) To the said ^rlc John Truro Warren one thousend nine hundred and fifty sharesV to be numbered 94101 to 96^50 Inclusive and (c) To the said krnest Archibald Maynard Wright one tnous'.nd nine hundred and fifty shares to be Numbered 96051 to 98000 j Inclusive -- (d) To the sMd Langley George Hancock one thousand shares to be Numbered 98001 j to 99000 inclusive ' l) To the si;i d JSrlc John Truro Warren five hundred shares to be Numbered 99001 ** to 9950o inclusive *:nd { `'J To the said iSrnest Archibald Maynard Wright Five hundred shares to be numbered, 99501 to 100,000 Inclusive. i The Secretary was Instructed to inform the L.G. Hancock Asbestos company thet the said deferred Shares are to be issued upon completion of the registration of the trans fers of mineral claims ?15H, 216H, 217H, 218H and 244K end thet the Scrip Certifloats Ln respect of such 9hares are to be -- deposited by the Company wi"Eh the Common wealth Sub Treesury, Melbourne, in the terms of the Consent deted ?2nd day of February 1943 of the Delegate of the Treasurer of the Commonwealth of Australia. / nee. 7.i e following accounts from the L. G.Hancock Asbestos Company were produced by the Secretary:- Account dated 3/4/1943. f?97. 8. 6. being amount paid to Mines Department on account of th9 Company in connection with tppll cat ion for Mineral claims j and search notes. * Invoice Ho.24 dated 8/4/1941 ?9. 9* 7. b;?ing exoenses incurred during Mr. C. W. 3.Powell's / trip to the Hamersley " ranges and return. Inyoice No.25 dated 8/4/1943 fll6. 7. 0. being hire cf car during / said trip. " Invoice No.27 dated 8/4/1943 130.11. 6. being purchase of mine stores on account of the Company. Invoice No.?8 dated 8/4/1943 159. r. 6. beia.'i purchase cf steel ,t buildings and fittings ^nd sxpenses !.-t Whim Creek The Secretary was authorised to pay the above accounts. Invoice No. 76 dated 8/4/190 ill316. 0. 0. was also received from L.G. Hancock Asbestos vompany being proposal for the purchase cf listed Items of machinery and ttings. It was resolved that certain of these iteros to the value o*. 971 be purenesed and that the remainder of the items be subject to' furthered report '`rom the FntfLneer In Charge of the Company'? operations for the time being. The above Minutes having been read were duly confirmed and signed by the Chairmen. Chairman of Directors. 10th April, 1943 MINUTES OF MEETING OF DIRECTORS of AUSTRALIAN 3LUS ASBESTOS LIMITED hold at 1 O'Connell Street, Sydney, at 2.15 p.m. on Tuesday, 20th July, 1943. Present. Messrs. C.W.R. Powell (Managing Director); C.N. Worledge and J.2. Elzaslie (Directors). In attendance, Ur. B.2. Breakspear. Confirmation of Minutes. The Minutes of the previous meeting were read, confirmed and signed. Issue of Share Certificates. It was resolved that the following certificates for Deferred Shares be sealed with the Company's seal and that thereafter they bo despatched to the Commonwealth Sub-Treasurer, Melbourne, in pursuance of the condition in the Treasurers Consent to the formation of the Company, also that Mr. H.E. Breakspear be authorised to countersign such certif icates. Certificate No. 7 n "8 M^ Langley George Hancock, 3900 shares, 90201 - 9*100. ^ Eric John Truro Warren, 1950 shares, 94101 - 96050. * Ernest Archibald Maynard Wright, 1950 ^ shares, 96051 - 90000. " 10 Langley George Ranoook, 1000 shares, x/ 90001 - 99000. " 11 Eric John Truro Warren, 500 shares, 99001 - 99500. / " 12 Ernest Archibald Maynard Wright, 500 V shares, 99501 - 100000. Appointment of The Colonial Sugar Refining Co. Ltd, as Managing Agent and ^oie Distributor. ~ It was reported that The dolonial SugarSefining Co. Ltd. had duly executed the agreement proposed by this Company under which The Colonial Sugar Refining Co. Ltd. should aot as Managing Agent and Sole Distributor. Alternate Directors. It was resolved that approval be given to the appointment of Mr. Keith Osborne Brown to act as an alternate Director during the absence or inability to act of Mr. G.N. Worledge, and also that approval be given to the appointment of Mr. Alas Charles Higgs to aot in the absence or inability to act of Mr. j.S. Elsslle. Chairman of Directors. MINUTES OF MEETING OF LIfiECTORS of ^USTOAT.TflM ELITE AflBBgPQB T-OfTTirn held at 1 OfConnell Street, Sydney, at 2.JO p.m, ___ .^n. Monday, 26th July, 19*3* Present. Messrs. C.W.R. Powell (Managing Director); G.N. YJorledge and J.A. Elmslle (Directors). Confirmation of Minutes. The minutes of the previous meeting were read, confirmed and signed. Application for Ordinary Shares. It was3 reported to the meeting that an application dated 26th July, I 19<5, had-been made by The.Colonial Sugar Refining J Company Limited for twenty thousand ordinary shares ! of one pound each in the capital of the Company, Iaaue of Capital. It was resolved that an issue of capital ' be made to the extent of twenty thousand ordinary shares of one pound each, to be numbered from 1 to 20,000 Inclusive, payable 2a.6d;"per share on application; 2s,6d; per share on allbtment, and the balance in calls of not less than ls,0d, -------- -- -per share as and When made; also that.' such,shares t be allotted'to The Colonial Sugar Refining Cdmpany Y Limited In terms of that Company's`application of the 26th July, 1943. Chairman of Directors. 19*3 MINUTES Of MEETING OF DIRECTORS of AUSTRALIAN BLUE ,>SBESTQS LIMITED held at 1 0*Connell Street, Sydney, at 2.50 p.m. on Thursday, 2nd September, 1943. Present. Messrs. C.W.K. Powell (Managing Director); G. N. V.orledge and J. x^. Elmslie (Directors). Confirmation of Minutes. The minutes of the previous meeting were read, confirmed and signed. Call on Shares. It was resolved that a first call of five shillings per share be made on the twenty thousand ordinary shares allotted on the 26th July, 1943, S making them paid to ten shillings each, such call I to be due and payable forthwith to the Secretary at the registered office of the Company. Share Certificate. Authority was given for sealing with the Company*? seal Share Certificate No. 13 in respect of twenty thousand ordinary shares allotted to The Colonial Sugar Refining Company Ltd. and also for Ur. H. E. Breakspear to countersign such Certificate. Chairman of Dlregtors. 1943 MINUTES 0? MEETING OF DIRECTORS of AUSTRALIAN BLITS ASBESTOS LIMITS) Held at 1 O'Connell Street, Sydney, at 2.45 p.m. on Tuesday, the 14th September, 194J. Present. Messrs. C.W.R. Powell,(Managing Direotor). G.N. Vorledge and J.A. Rlmalie (Directors). Confirmation of Minutes. lie Minutes of the previous meeting were read, confirmed and signed. Call on Shares. It was resolved that a second call of 5s. Od. per share be made on the 20,000 ordinary shares allotted on the 26th July, 1943, making / them paid to 15s. Qd. each, sueh call to be due 1 and payable forthwith to the Secretary at the registered office of the Company. Chairman of Directors. , 1943. * r 0702 MIKUTZS G? MEETOr, OF DIRECTORS Of AUSTRALIAN BLUB ASBESTOS LTMTTgD Held at 1 OfCcnnell Street, Sydney, at 3.30 p.m. or. Friday, the 15th October, 1943. Present. ilesars. C.lA.k. Powell, (Managing Director). G.M. Worledge and J.A. ilmslie, (Directors). Confirmation of Minutes. The Minutes of the previous meeting were read, confirmed and signed. Call on Shares. It was resolved that a third call of 58. Od. per share be made on the 20,000 ordinary shares allotted on the 26th July, 1913, making them fully paid to 20s. Od. each, such call to be due und payable forthwith to the Secretary at the registered office of the Company. Application for Authority to Issue Capital. It was resolved that application be made to the Treasury for permission to Issue a further 40,000 ordinary shares of the Company. Chairman of Directors. MINUTES OF MEETING OF DIRECTORS AUSTRALIAN BLUE ASBESTOS LIMITED Held at 1 0TCcnaell Street^ Sydney at 2.JO p-;tx;-*--- on Monday, the 15th November, 194J. ' '- on Present. Messrs. C.W.R. Powell, (Managing Direotor), G.N. lforledge and J.A. Elmslie, f Directors). .... Confirmation of Minutes. The Minutes of the previous meeting were read, confirmed end signed. .. . . .,.,.j meeting Consent to Issue of Capital.- It was reported that tne neoessary consent had been received from the Treasury for the - of J issue of-a-further 40,000 ordinary shares of the , ...nary i Company for, cash subscription. ; u. 000, ` . ........ and Issue of Capital. It was reeolved that a: further issue of.to the capital be made to "thp. extent . or 40,000 ordinary ... ,.mpany. shares of 1' each/ to be numbered from 20,001 to 60,000, inclusive, payable 1/- per share on r. - sealing application;* l/- 5pi^ share on allotment, and the. t. : >. 14 / balance in calls' of not less- than l/- per share aior. id on w| and when made; also that such shares be-allotted *ar ^fining to The Colonial Su'g$r Refining Co. Ltd. In .tenia. to of that Company*a application of the 15th November, 194J. Call on Shares. It was resolved that a first call of 1/- per share be made on the 40,000 ordlnarv shares of the Company numbered 20,001 to o0,Q00, ruatcing such shares paid up to 3/- each, and tnnt such call be J due and payable forthv.ith to the Secretary at the " Registered Office of the Company. 8. Chairman of Directors. MINUTSS OF MEETING 0? DIRECTORS of AUSTRALIAN BLUE ASBESTOS LIMITED Held at I O'Connell Street, Sydney at 2.20 p.m. on Wednesday, the 15th December, 1543* Present. Messrs. C.W.R. Powell, (Managing Director). G.N. Worledge and J.A. Elmslle, (Directors). Confirmation of Minutes. The Minutes of the previous meeting were read, confirmed and signed. Issue of Capital. It was resolved that a Second Call of 38. 0d. per share be made on the 40,000 Ordinary Shares of the Company numbered 20,001 to 60,000, making such shares paid up to 6s. Od. each, and that such call be due and payable forthwith to the Secretary at the Registered Office of the Company. Issue of Share Certificate. Authority was given for sealing with the Company's seal Share Certificate Mo. 14 in respect of 40,000 Ordinary Shares allotted on 15th November, 1943,to The Colonial Sugar Refining Company Ltd. and also for Mr. B.. Breakspear to countersign such Certificate. Chairman of Directors MINUTES 0? MZETIBC OP DIRECTORS of AUSTRALIAN BLUE ASBESTOS LIMITED Held at 1 0*C6nnell Street, Sydney at 2.45 p.m. on 'Wednesday the 12th January,1?44, Present* Messrs. C.W.fi. Powell,- {Managing Direotor). G.N. Worledge and J.A. Blmelie, (Directors). Confirmation of Minutes. The Minutes of the previous meeting 1 were read, confirmed and signed. Issue of Capital. It-was resolved that a Third Call of-2s. Od. per share be made on the 40,000 Ordinary Shares of the Company numbered 20,001 to 60,000, making J such shares paid up to 8s. Od; each, and that such' " call be due and payable forthwith to the Secretary at the Registered Office of the Company. ,r . . iCk. Chairman of Directors. ;e le .. t. $et, .. <. ich ly -.; be . . ing :lme. i to ./ be seventh MINUTES OF MEETING OF DIRECTORS of AUSTRALIAN BLUE ASBESTOS LIMITED. Held at 1 O'Connell Street, Sydney, at 2.40 p.m. on Friday, 18th February, 1944. Present. Messrs. C.W.R.Powell (Managing Director) G.N. Worledge and J.A.Elmslie (Directors). Confirmation of Minutes. The Minutes of the previous meeting were read, confirmed and signed. Issue of Capital. It was resolved that a fourth call of 4/- per share be made on the 40,000 ordinary shares of the Company, Numbers 20,001 to 60,000 inclusive, making such shares paid up to 12/each, and that such call be due and payable forthwith to the Secretary at the registered office of the Company. Appointment of Langley George Hancock as Director. It was reported that Messrs E.J.T. Warren and E.A.U. Wright had nominated Langley George Han cock as a Director of the Company pursuant to Article 76 (a) of the Company's Articles of Association and that Messrs C.W.R.Powell and J.A. Elmslie had given their written consent to the election of Mr. Hancock as a Director. Resolved that Langley George Hancock be and he is hereby appointed a Director of the Company and that the Secretary be authorised to notify him of his appointment. Alternate Director to act in the place of Mr. L. G. Hancock. _ ~It was reported that Mr. L.G.--Hancock had forwarded a document purporting to nominate Ur. E.A.U. Wright as alternate Director in his place. As this nomination is dated earlier than the date of Mr. Hancock's appointment as a Director of the Company, it is of no effect. Resolved that Mr. Hancock be requested to submit a fresh nomination and that the Secretary be in structed to advise him of the position. Meetings of Directors. It was resolved that meetings of the Directors should be held at 1 O'Connell Street, Sydney, at 10.30 a.m. on the first Tuesday lit each month. In the event of the first Tuesday in any month being a public holiday, the meeting shall be deemed to have been called for the next succeeding business day at the same place and at the same time. This decision is without prejudice to the power to call meetings of Directors at other times as may be necessary. It was further resolved that the first of such regular monthly meetings should be held on the seventh day of March, 1944, and that the Secretary be in structed to notify the Directors accordingly. Chairman of Directors. 1944. MINUTES OT LlECTim 0? DIRECTORS. Of AUSTRALIAN BLUE ASBESTOS LIMITED. Held et 1 O'Connell Street, Sydney, at 10.JO a.m. on Tuesday, 7th March, 1?44. Present. Messrs. C.W.R.Powell (Managing Director). G.N.Worledge and J.A.Elmslie (Directors). Confirmation of Minutes. The Minutes of the previous meeting were read, continued and signed. Issue of Capital. It was resolved that a fifth call of J/- per share be made on the 40,000 ordinary shares of the Company, numbered, 30,001 to . 60,000 inclusive, making such shares paid up J to 15/- each, and that such call be due forth with and payable within one month from the date of this resolution to the Secretary, at the registered office of the Company. Chairman of Directors MEfUTBS QF MEETING OF DIRECTORS of AUSTRALIAN BLUE ASDSSTOD LIUITSD Held at 1 O'Connell Street, Sydney, at 10.30 a.a. on Tuesday, 4th April, 1944. Present. Messrs. C.ft.R. Powell (Managing Director), O.N. Worledge end J.A. Elmslie (Directors). Confirmation of Minutes. The Minutes of the previous meet ing were read, confirmed end signed. There was no other business requiring the attention of the meeting. Chairman of Directors MINUTES 01- MEETING OF DIrtECTOBS of LLUE Aw5^-T0S LIMITS. Held at 1 0*Connell Street, Sydney, at 10.JO e.m. on Tuesday, 2nd May, 1944. Present. Messrs. C.ff.K.Powell (Managing Director). G.N.Worledge and J.A.Elmslie (Directors). Confirmation of Minutes. The Minutes of the previous meeting were read, confirmed and signed. Issue of Capital. It was resolved that a sixth call of 3a. per share be made on the 40,000 ordinary shares of the Company, numbered 20,001 to 60,000 inclusive, making such shares paid up to 18s. each, end that such call be due forth with and payable within one month from the date of this resolution to the Secretary,at the registered offioe of the Company. Chairman of Directors or vygTTVG 0? PISSCTORS. of AUSTRALIAN dLUE ASBESTOS LIMITED. Held at 1'O'Connell Street, Sydney, fit 10.30 a.n. i on Tuesday, 6th June, 1944. | Present: Messrs. C.'.v.R. Powell (Managing Director). G.N. Worledge and A.C.higgs (Acting as alternate Director In the absence of Mr. J.A. Elmslie). Confirmation of Minutes: The minutes of the previous neeting were read, confirmed and si*7ied. There was no other business requiring the attention of the meeting. Chairman of Directors. I i -- V \ MINUTES Of MEETING 0T DIRECTORS. of AUSTRALIAN BLUE ASBESTOS LIMITED. Held at 1 O'Connell street, Sydney, at 10.30 a.m. on Tuesday, 4th July, 1944* Presents He*ere. C.W.R. Powell (Managing Director), C.Ji. Vorledge and J.A. Elmslle, (Director*). Confirmation of Minutes: The minutes of the previous meeting were read, confirmed and signed* Issue of Capitals It was resolved that a seventh call of 2/*e. per share be mads on the 40,000 ordinary shares of the Company, numbered 20,001 to ( 60,000 Inclusive, making such oalls fully '' paid up to 1 each and that such call be due and payable forthwith to the Secretary at the Registered Office of the Company. Chairman of Dlreotora of field at 1 O'Connell Street, Sydney, at 10. JO a.a. on Tuesday, 1st August, 19*4. Present: nnd Mr. C....R. Powell Mr. G.N. tforledge) Mr. J.-. Elmslie ) Mr. E.A.-i. '-`/right Man,:vin,5 Director. Directors. Alternate Director for 'utV L.G. .-laneock. Confirmation of Minutes; The minutes of the previour meeting were read, confirmed *nd si rned. Appointment of Alternate Director: A letter d~ted 4th`July, 1944, from Mr. L.G. Hancock, appointing Ernest Archibald Maynard Wright as his --Itemate Director, was read. Resolved that approval be and is hereby given to the appointment by Mr. L.G. Hancock of Mr. Ernest Archibald Maynard Wright as his Iternate Director in accordance with Article 64 of the Company's Articles of Association. Mr. E.A.M. Wright then took his seat on the Board. Ordin-tr General Meeting: Resolved th.-.t the Ordinary General Meeting in 1944 of the Company be held at 1 O'Connell Street, Sydney, t 10.45 a.m. on Tuesday, 5th September, 1944, nd tnat the Secretary be instructed to convene the meeting accordingly. Issue of Capital: Resolved that the approval of the Cominonwe- 1th Treasurer be sov.ght for tae issue of a further X 20,000 ordinary shares of the Company, and that application be made accordingly. Chairman of Directors MINUTES OF MEETING 0? DIRECTORS, of AUSTRALIAN BLUE ASBESTOS LTUTTED. Bold at 1 O'Connell Street, Sydney, et 10.50 a.m. on Tuesday, 5th September, 1944. Present: Messrs. C.W.R.Powell (Managing Director). G.N.Worledge and J.A.Elaalie (Directors). Confirmation of Minutes! . The minutes of the previous meeting were reed, confirmed and signed. Issue of Capital: It was reported that the consent of the Commonwealth Tre-- surer had been received to the issue of a further 20,000 ordinary sher s of the Company and that the v.hole of such shares had been applied for by The Colonial Sugar Refining Co.Ltd. Resolved that a further issue of capital be made to the extent of 20,000 ordinary shares of 1 each, to be numbered from 60,001 to i 80,000 inclusive, payable Is. per share on ^ application and is. per share on allotment, also that such shares be allot:d to TBS COLONIAL SUGAR RUINING COMPANT LIMITED in terms of that Company*^ application of 29th August, 1944. Call on Shares: ttesolved that a first call of 10s. per share be made on the 20.000 ordinary shares of the Company numbered 60,001 to 90,000 Inclusive, / making such shores paid up to 12s. each and that such call be due and payable forthwith to the Secretory at the Registered Office of the Company. Roebourne Agency: It was decided that Mri* E. A.M.v.rigfat be in formed that no change is contemplated regard ing the Roebourne Agenoy. Chairman of Directors rti >tu wtiwi X- of AgentALIAB BUJt ASBESTOS LIMITED. Hold at 1 O'Ooanoll Street, Sydney, at 10.30 a.a. o& Tsndiy, 3rd Ootober, 1944* Proaontt Messrs. G.V.R. Pouoll (Managing Director). Q.B. Vorledge and J.A. Elnalle (Dirtutors) Confirmation of Minatoat T&a aiaatea of the sreolous sooting vers road, oonflraod and aigsod. I,fa` f *BPMSra3Bttl|>. ihar* tvtinuti o.l5 for 20,000 ordinary shares, ssabersd 60,001 to 80.000 lnoloalTo, in the naso of The / Colonial Sugar Refining Cospany Limited, bo aoalod with tho Cospany* a aool and that Mr. H.X. Broakapoar bo authorised to oounteraign auoh certificate. Chalrasn of Plraatora o MINUTEo OF MSETIHG OF LI5ECT0RS of ^USTR.-.LlAh SLUE .nc3i,ST03 LIMITED. Held at 1 O'Connell street, Sydney, at 10.30 a.m. on Tuesday, "7th November, 1944. Present: Messrs. C.R.Powell {Managing Director), G.If. Vi'orledge and J.a. Elmslie(Directors). Confirmation of Minutes: The Minutes of the previous meeting were read, confirmed and signed. Call on Shares; Resolved that a final call of 8s.Od. per share he made on the 20.000 ordinary shares of the J Company numbered'60,001 to 80,000 inclusive, f malting such shares fully paid up and that such call be due and payable forthwith to the Secretary at the Registered Office of the Company. (Sgd.) C.W.R.Powell 5/12/44 Chairman of Directors. 0 MINU.'ES 0. vf Lli'i-C .'whS -1 Held at 1 O^Connell Street, Sydney, at 10,30 a.m. cn Tuesday, -th December, 19*4, Present: Messrs. C.V..R. Powelx (U^nuging Director), o.N. norlecge and J*A. Elasiie (Directors). Confirmation of Minutes. The minutes of the previous meeting were read, confirmed and signed. Increase of Coital: A letter dated 30th November, 1944, fro-. Ur. fi. A. V/right, bearing tne signature of Mr. <J Warren, in concurrence, and setting out their views v.ith regard to the increase of capital tr be considered at an Extraordinary Meeting to be held or the ibth instant, was read. It '.'.as decided that the letter be referred to The Colonial Sugar defining Co. Ltd., for consideration, and that a reply be made to the writers after the views of The Colonial Sugar Refining Co. Ltd. had been uade Known. Chairman of Directors. PP.ODUCtD SN MATT! BARROW V MIDAL NO 1148 OF 1967 - _ PRODUCED IN MATTER OF HEYS V. M1DALCO NO 1161 OF 1987. MINUTES 07 MKiTTHC OF DIRECTORS f ' AUSTRALIAN BLUE ASBESTOS LIMITED Held at 1 O'Connell Street, Sydney at 2.45 p.m. on Wednesday the 12t& January, 194.4. Present. Messrs. C.W.R. Powell^ (Managing Director). G.N. Worlodge and J.A. Elmslle, (Directors). Confirmation of Minutes. The .Minutes of the previous meeting were read, confirmed end signed. Issue of Capital. It wee resolved'that a Third Call of 2s. Od. Cper snare be made on'the 40,000'Ordinary Shares of the Company numbered 20,001 to 60,000, making 1 such shares paid up to 8s. Od. each, and that such cell be due and payable forthwith to the Secretary et th Registered Office of tho Company. Chairman of Directors. C Produced in Asbestos Persona! Injury Cases: Abrams toad and copied to Richard F. Scruggs PRODUCED JN MATTER OF HEYS V. M1DALCO " NO 1161 OF 1987 'IZWTT.Z ?-r Kz.Z'.ZVO Or DIRECTORS PRODUCEDIN BARROW V Of NO 1148 C AUSTRALIAN BLUE ASBESTOS LIMITED. Held at 1 O'Connell Street, Sydney, at 2.40 p.m. on Friday, 18th February, 1944. Present. Messrs. C.W.R.Powell (Managing Director) G.N. Worledge and J.A.Elmslie (Directors). Confirmation of Minutes. The Minutes of the previous meeting were read, confirmed and signed. Issue of Capital. It was resolved that a fourth call -- of 47- per share be made on the 40,000 ordinary shares of the Company, Numbers 20,001 to 60,00C -- inclusive, making such shares paid up to 12/- each, and that such call be due and payable forthwith to the Secretary at the registered office of the Company. Appointment of Langley George Hancock as Director. It was reported that Messrs E.J.T. Warren and S.A.U. Wright had nominated Langley George Han cock as a Director of the Company pursuant to Article 76 (a) of the Company's Articles of Association and that Messrs C.W.R.Powell and J.A. Elmslle had given their written consent to the election of Ur. Hancock as a Director. Resolved that Langley George Hancock be and he Is hereby appointed a Director of the Company and that the Secretary be authorised to notify him of his appointment. Alternate Director to act in the place of Mr. L. 0. Hancc - it was reported that Mr. L.G. Hancock had for- warded a document purporting to nominate Ur. E.A.M. Wright as alternate Director in his place As this nomination Is dated earlier than the dat of Mr. Hancock's appointment as a Director of th Company, it is of no effect. Resolved that Ur. Hancock be requested to submit afresh nomination and that the Secretary be in structed to advise him of the position. Meetings of Directors. It was resolved that meetings of the Directors should be held at 1 O'Connell Strei Sydney, at 10.30 a.m. on the first Tuesday la ea< month. In the event of the first Tuesday In an> month being a public holiday, the meeting shall \ deemed to have been called for the next succeedli business day at the same place and at the same ti This decision Is without prejudice to the power t call meetings of Directors at other times as may necessary. It was further resolved that the first of such regular monthly meetings should be held on the se day of March, 1944, and that the Secretary be in structed to notify the Directors accordingly. Chairman of Directors. 1944. ?i i (!' PRODUCED IN MATTER OF HEYS V. MIDALCO NO Ml OF 1987 PRODUCED IN MATTE BARROW V. M1DALC NO 2148 OF 1987 MINUTES OF MEETING OF DIRECTORS. Of AUSTRALIAN BLUE ASBESTOS LIMITED. Held at 1 O'Connell Street,1 Sydney,-at 10.30 e.a. on Tuesday, 7th March, 19*4. ^ Present. Messrs. C.W.R.Powell (Managing Director). Q.N.Vforledge and J'.A.Eimsiie (Directors). Confirmation of Minutes. The Minutes of the previous meeting were read, confirmed and signed. Issue of Capital. It was resolved that a fifth call of }/- per share be mode on the 40,000 ordinary shares of the Company, numbered, 30,001 to . 60,000 Inclusive, making such shares paid up J to 15/' each, and that such ooll bo due forth with and payable within one month from the date of this resolution to the Secretary, at the registered office of the Company. C Chairman-of Directors. Produced in p^nnai Injury Cases: a- -, . r"? Copied to Ricn&ro r. bcruyyS PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 MimiTES OF MflMTflC OF DIRECTORS PRODUCED IN MATTE BARROW V. MIDAU NO 1148 OF 1987 Of AUSTRALIAN BLTJg ASB2ST0D LIMITED Held "at" 1 0*Connell Street* Sydney., ot 10.JO a*n* oa Tuesday, 4th April, 1944*: Present, Messrs. C.W.R. Powell (Managing Director), C.15, Vrorlodge end J*A. Slnslie (Directors). Copflrr.atlon of Minutes. The Minutes of tbo previous meet ing were reed, conflmed and signed*. There was no othor business requiring the attention of the rasoting. Chalrnnn of Directors Produced In Arteries Personal Injury Cases: Aire ms lead and copied to Rlchara r. Scruggs PRODUCED N MATTER OF HEYS V. MIDALCO NO 1161 OF 1967 PRODUCED N MATTER Of BARROW V MIDALCO NO I14BOF 1987 MIHUTSS OV MEETING OF DlnKCTORS. Of AUftT ,aLI>JI bl.UK ArtffiDTOS LlMTiLLi. Held at 1 0*Connell Street, Sydney, at 10.30 a.m. on Tuesday, End liny, 194< Present. Messrs. C.W.lt.Powell (Uunaglnr Director). G.N.Korledge end J.A.Elmslie (Directors). Confirmation.of Minutes. The Minutes of the previous meeting were read, confirmed and signed. Issue of,.Capital, It was resolved that a sixth ceil of 3. per share be made on the <0,000 ordinary shores of the Compeny, numbered 20,001 to 60,000 inclusive, making such shares paid up to 18s. each, and that such call be due forth with and payable within one month from the date of this resolution to the Secrotsry, at the registered office of the Company. Chairman of Directors d H?OD(JCED IN MATTER OF HEYS V. MIDALCO NO 1162 OF 1987 PRODUCED IN MATTE BARROW V. MIDAl NO 1148 OF W7 oy o~ niR?:cTORr.. of AUSTRALIAN oLUE ASBESTOS LIMITED. Hold.at 1 O'Connell Street* Sydney, at 10.30 a.n. on Tuesday, 6th June, 1944. Present: Messrs. C.V.'.R. Powell (Menacing Director). 0*35. Worlodge end A.C.hlggs (Actlnr as altornate Director In the absence of Mr. J.A. Elaslie). Confirmation of Minutes: ' " The minutes of the previous nocting were read, confirmed and i?*nad. There woe no other business rocuirlng the attention of the meeting. Chairman of Directors. produced in ^ &C&r<JVt*.. = 'SciuiiJ* FRODUCEDJN MATTS? OF HEYS V. MIDALCO NO 1261 OF 1967 PRODUCED JN MATTEK BARROW V. MIDALC NO 1U8QF 191? HI NOTES OF MEETING OF DIRECTORS. Of AUSTRALIAN BLUE ASBESTOS LIMITED, Held at 1 O'Connell Street, Sydney, at 10*30 a.m. on Tuesday, 4th July, 1944. Present: Messrs. C,tf*R. Powell (Managing Director), Q.N, Worledge and J.A, Eloelle, (Dlreotors). Confirmation of Minutes: The minutes of the previous meeting were read, confirmed and signed* Issue of Capital: IT"wa resolved that a seventh call of 2/-. per share be made on the 40,000 ordinary sharee of the Company, numbered 20,001 to | 60,000 inclusive, oaXlng such oalle fully 4 paid up to 1 each and that such call be due and payable forthwith to the Secretary at the Registered Office of the Company. Chairman of Directors. Produced in AshPtto? * arsons] Injury Cases: 4h.-*m?. and copied to Ricnaid r. ScruQss ( LC' PRODUCED iN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 MINUTES 0? MEETING OV i/IPJ-.CTORfennnrrr, LBARROW V Of NO tl< AUSTRALIAN SLU1 AiSF-STOS LI^.ITr.D. Held et'l O'Connell Street, Sydney, nt 10.JO n.m. on Tuesday, 1st August, 1944. Frer-ant: find Mr. C.V..R. Powell Ur. G.N. Woriedge) Ur. J.;.. Slffislie ) Mr. E.A.ii. Wright Director. Directors. Alternate Director fc Ur. D.G. Hancock. Confirmation of Ulrmt.es; The minutes of the prevlour meeting were read confirmed and si.^ned. Acoointreent of Altomste Directors A letter d*!tcd 4th* July, 1944, fros Lr. L.O. Hancock, appointing fcmest Archibald Waynnrd Wright as his r.ltornwte Director, w:s rend. Resolved thot approval he ind is hereby given to the appointxont by Mr. L.U. Han cook of Lr. Ernest Archibald Maynard Wright us his Itcrmto Director in accordance with Article 64 of the Company*s Articles of Association. Mr. E.A.Jw. Wright then took his coat on the Bortrd. Or^in-Tv General Meeting? Resolved th-t the Ordinary General Uoeting in 1944 of the Company be aeld at 1 O'Connell Street, Sydney, >*t 10.45 <.*. on Tuesdry, 5th September, 1944, -nd that the Secretary be instructed to convene the Meeting accordingly. Issue of Capital: Resolved that the approval of the Conu.onwe 1th Treasurer be sought for tau issue of u further V 2-0,000 ordinary shares of tne Company, end that s>.pplic.:tion be wed accordingly. Che\ ttr.fin of Directors. Produced in Asfoe:* - iP.d SCIbyjS -WUEmca/iN MATTER Of HEYS V. MIDALCO NO 1161 OF 1987 AU5H 'LIAM i-IUE ASBESTOS LIMP PRODOCED IN MATTER OF BARROWV. MIDALCO NO 1148 OF 188? Minutes of Second General Meeting of Shareholders, held et 1 O'Connell Street, Sydney, on 5th September, 1944 ftt IO.45 a.a. Present: Messrs. C.W.R.Powell (Chairman) G.N.Worledge tf.A.Elaalia The Chainaen announoed that he held proxies from The Colonial Sugar Refining Co. Ltd., Mr. J.L. Tucker end Mr. S.S.T.Laytoa. Notice of Meeting: Mr. G.N.Worledge, for the Secretary, read the Notice, as set out below, convening the Meeting. "NOTICE IS 11!`.PEBY GIVEN that the Ordinary General Meeting of the Company will be held at No. 1 O'Connell Street, Sydney, in the State of Mew South Wales on Tuesday, the 5th day of September, 1944, at 10.45 o'clock in the morning. Business. 1. To receive the Balanoe Sheet, Profit and Loss Account and the reports of the Directors and Auditors for the year ended 30th June, 1944. 2. To elect a Director in the place of Langley George Hancock, Esq., who retires In accord* ance with Article Mo. 76A of the Company1 s Articles of Association.. Ernest Archibald Maynard Wright Esq. has notified hie candidature for the vacancy. 3. To appoint an Auditor and to fix the remuner* ation. 4. To transact such other business as may be properly brought before the meeting. By order of the Board, J.L. Tucker, Secretary. Perth* 18th August, 1944. The Chairman declared the Meeting duly constituted. Belanco Sheet and Profit and Loss Account with Auditors* Reoort: These coouments were taken as read by the meet* Ing, and the chairman. In moving their adoption read the report of the directors on the business of the Company, a copy of his remarks being annexed* Election of a Director: Mr. E.A.M.Wright was elected to a seat on the Board, in. terms of Article No. 76A of the Company's Articles of Association. FRODUCED IN MATTER OF * - HEYS V. MIDALCO NO 116] OF 1987 MIWUTLS OF Mgm.NO Oy DIRECTOR Of AUSTn/iLI.W PLUS AfEhSTOS IlMIT'-P. PRODUCED IN barrow v , NO U48C Held at 1 0*Connell Street, Sydney, at 10.JO &.c. on Tueacey, Jth September, 1944. C 5 c Present: lloears. C.V'.R.Povcll (Managing Director) C.K.Worlodge and J.A.flraelle (Director Confirmation of Mlnutost The minutes or the previous meeting *cre read, confirmed and .signed. . 0 Issue of Capitals Yt was reported that tho oonsont of the Coaao&weHlth Treasurer bad been received to the Issue of a further 20,000 ordinary *h*r.c or the Company and that the whole of such shares had been applied for by The Colonial Sugar Refining Co.Ltd. Resolved that a further issue of capital be made to the extent of 20,000 ordinary shares of 1 each, to be numbered from 60,001 to i SO, 000 inoiusive, pay'`.lie la. per stare os application and is. per share on allotment, also tb?t such ahercs be allot- d to THE COLONIAL SUGAR KLEININO COMPANY LIMITED in terms of that Company*s application of 29th August, 1944. Coll on Shores: Resolved that a first call of 10s. ?or share oo node on the 20.000 ordinary shares of the . Company numbered 0,001 to 30,000 incluolvo, J rsalcing such shores paid up to ll's. each ond that such cell be duo and payable forthwith to the Secretory ot tho Registered Office of the Company. Roebourne Aymcvs It wns decided that Mr. E.A.N.v.right be in formed th?.t no change is contemplated regard ing tho Koebourne Agcnoy. Chairman of mrtetsyn PROf -wJV MATTER or HHVS V MIDALCO *'0 IWCF |*r Appointment sf Auditors; It was resolved that Messrs* Merry and Merry be re-apoointed Auditors to the Company to hold office in accordance with Article No* 141 of the Company's Articles of Association, at a fee of fifty guineas. Chairman PRODUCED IN MATTER OF Hmn^oFAm? *inute3 or heetinq of directors. of AUSTRALIAN HUE A9BEST08 LIMITED, PRODUCED IN M barrow v m: NO 1148 OF Held at 1 O'Connall Btreat, Bydnsy, at 10.30 a.a. on Tussday, 3rd Ootober, 1944* ~Preeentt Messrs; C.V.R. Powell (Managing Director). 0*lt. Worledge and J.A. Elaalie (Directors Ooofirnation of Minutes; Tfie aioutas of the previous ate ting ware read, confined aad signed. Taeue of Bhars Certificatet it was resolved that share oertlfloate No.15 for 20,000 ordinary shares, numbered 60,001 to 80.000 lnoluslve, in the name of The / Colonial Bugar Refining Company Limited, he sealed with the Oonpany's seal and that Mr. R.E. Breahspear he authorised to oountei^ sign such certificate. Chairman of Dlreotore. Produced in ***; ^toRi^'ar^F. Scruggs- PRODUCED IN MATTER OF KEYS V. MIDALCO NO Il6lnw KIljQtBiJ OF MEETIilC OF PI HECTORS Of .vU3TR.-J.IAN SLUE ASBESTOc. LIMITED. Held at 1 0*Connell street, Sydney, ut 10.JO a.m. on Tuesday, 7th November, 19*4. Present: Messrs. C.W.R.Powell (Managing Director), G*H* V.'orledge and lmslle(Directors. Confirmation of Minutes: The Minutes of the previous meeting were read, confirmed and signed. Call on Shares; Resolved that a final call of 3s.Od. per share be made on the 20,000 ordinary shares of the Company numbered 60,001 to 80,000 Inclusive, making such shares fully paid up and that such call be due and payable forthwith to the Secretary at the Registered Office of the Company. (Cgd.) C.V.'.Ii.Powell 5>/lc/44 Chairman of Directors. Produced in Acheotcs Personal Injury Cases: Abrams lead and oooied to Richard F. Scruggs PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 MINU i Or iEil..u C. K LI t<fe.C i'~-h or AUSTRALIAN lii.ll t ASBESTOS lKI rED. PRODUCED IN BARROW V NO 1143 C Held ot 1 0Connell Street, Sydney, at 10.30 a.m. oit Tuesday, 5th December, 19*4. Presort: Messrs. C.V..R. Powell (Managing Director), ti.M* toorledge and JA. Elmslie (Director -Gon,rirsa-tLon_of Minutes. The minutes or the previous-meeting were read, confirmed `and signed*. Inoretir^ of Ctvj 1 tl: A letter dnted 30tb November, 1944, fro- Mr. 2. Yiright, bearing tbe signature of Mr. ? h'erre in concurrence, and setting out their vievs with regard t. the increase of capital tr. be consider at an Extraordinary Meeting to he held on the i instant, was read. It was decided that the lett be referred to The Colonial Sugar Refining Co. L for consideration, and that n reply be-mode to t. writers aftex* the views of The Colcnial Sugar ReCo. Ltd. bad been -ade known. ChMrrmn oT-DUectprs. 1 Produced in Personal Injury Casas: Aiyinis (sad and copied to Richard F. Scruggs . PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 PRODUCED IN MATTER OF BARROW V MIDALCO NO 1148 OF J987 minutes oy m-h,,o:.r.iN .ay genital mel-tinc OF MEMBERS OF AUSTRALIAN BLUE ASgFFiTQS LTMTTTTi Hold nt 1 0*00X1X1011 Street, Sydney at 10 o*clock a.a. on .... Monday, l8tb December, 19*4. Present: Messrs. C.W.R. Powell (Chairman), G.N. Worledge and J.A. Elmslia. NOTICE OF u^ypTm. Ur. G.N. Worledge (for the Secretary) read the Notice convening the meeting, as set out below:* NOTICE OF EXTRAORDINARY GENERAL MEETING. *' Notice Is hereby given that an Extraordinary General Meeting or Members of the above Company will be beld at No. 1 V O'Connell Street, Sydney, in the State of New South Wales on ' Monday, the 18th day or December 19*4, at 10.00 o'clock in ' * v> the morning. The business of the Mooting will be to consider and ir thought fit to pass tho following resolution as a special resolution. Resolution. "That the Capital of the Company be increased from 100,000 to 200,000 by the creation of 100,000 Ordinary- .;c*> Shares of 1 each and that such shares be issued at anoh '/.re times and to such persons upon such terms conditions and with such rights and privileges as the Directors . shall from time to time doterrain but subject in respects to the Articles of Aosociation of tho Company.* ' ]}? Dated this First day of December 194*. T.L. Tucker, Secretary. The Chairman announced that all holders of deferred ;**Vf shores had agreed to waive the requirements of Article Ho. 51 of the Company's Articles of Association insofar as they oalled- 'if for 21 clear days notice of a meeting et which a Special Re- solution was to be dealt with and had signified their willingness,.' that the meeting be beld on the date montloned in the cos^pnlng notice. V,.<i The Chairmen announced that he held proxies from The ; Colonial Sugar Refining Co. Limited, Mr. J.L. Tuoker, and Mr- E.E.T. Layton; that deferred share-holders representing not less'?? than one-half of the deferred shore capital of the Company were thus present in person or by proxy and that the meeting was duly . constituted. " RESOLUTION. . The following Resolution wee proposed by Mr. Worlodge do a Special Rosolutlov seoonded by Mr, JT.A. Elmalle,;^-^ Produced In Asbestcs Personal Injury Cases: Abrams lead sr.J copied to Richard P. Sc;uggs PRODUCED IN MATTER OF HEYS V. M1DALCO NO 1161 OF 1987 Z NO IJ48 0F 1987 r.nd carried unanimously:- the Capital of the Company bo increased from 100,000 to r200,000 by the creation of 100,000 Ordinnr Shores of 1 each and that such shares be issued at sue times and to such persons upon such terms and condition and with such rights end privileges as the Directors shall from time to time determine but subject in all respects to the Articles of Association of the Company. CHA1KMAB of DIRECTORS Of AUSTRALIAN 8UJC ASBESTOS LIMITtP Hold at 1 0,Coaaall Street, flfdne/, at 10*30 t*a, on Tueaday, 18th Doeeaber, 1945* Proionjt Keeere* 0*w.R* Pencil (Chairman), 0*R, Vorledge, and J.A. Claalla. Coafiraatloa of Klnataal The aimto* of the prorloua seating vara read, confined and algeed* Th* oeathly report for ^ovoabor, a* au^ aitted by tha Secretary, vat placed before the mating* gmaHML MINUTES Of HZITIHC OF DIRECTORS Ci AUST.J.1I:Z PLC ' AS3DTTC? TIE Held at 1 O'Connell 3treet, Sydney, at 10.30 a.m. on Tuesday, ?th January, 1945. Present; Messrs. C.V-'.R. Powell (Managing Director), G.N. Worledge and J.A. Elraslie (Directors)* Confirmation of Minutes. The minutes of the preyious meeting vero read, confirmed end signed. Increase of Capital. It was resorted that the oensent of the federal Treasurer had been received for the increase of the nominal caoital of the Company from 103,000 to 200,000 by the creation of 100,000 new ordinary shares of 1 each. Issue of Capital. It was resolved that a further issue of capital be made to the extent of 50,000 ordinary snares of 1 each to be numbered from 100,001 to 150,000 Inclusive payable Is. Dd. per share on Application Is. Od. per share on allotment and the balance ia calls of not less f than Is. Od. per share as and when made; also tht such I sharee be allotted to The Colonial Sugar Refining Co. Ltd. In terms of that Company's application of 3rd January, 19*5. Increase of Csnltal. The Monaging Director reported that the letter dated '0th November, 1944, from Messrs. 2.A. Wright and E.J. Warren had been discussed with The Colonial Sugar Rofining Co. Ltd. As it has always been in' contemplation that any additional capital found necessary would be provided by The Colonial Sugar Refining Co. Ltd. that Company holds the viov?, vrith which the Direc tors present at this meeting agree, that nothing has occurred to Justify the adoption of the suggostionSmade in the letter referred to, end that Messrs. Wright and Warron be infomud accordingly. Chairman of Directors, 01 <vUwTr-A-^X<-J; -LL -- LiuJTilL Held at 1 0,Connell Street, Sydney, at 10.30 a.m. on Tuesday, 6th February, 1945. Present: hesars. C.V..Ii. Powell (liunaging director) , G.!,\ 'Aorledge arc. JiA. Llnslie (directors). Coniiraatlon of Minutes: The Minutes of tne previous meeting were read, confirmed t-.nd signed. Call on Shares: It was resolved that a cull of bs.Qd. per share be made on the 50000 ordinary shares of tee Company numbered 100,001 K-o 150,000, inclusive, mat-ing such sneree paid up to 8s.Od. <?:>ch, and that such cell be due and payable forthwith to the Seeret'.iy et the rs::i stered office of the Coiaoany* Issue of Share Certificate: It was resolved tuet Ea^rc Certificate No. 16 for 50,000 ordinaiy saeres numoered 100,001 to 150,000, inclusive, in the name of The Colonic! Sug*r Refining CuiLpary Limited, be seaica with tne Company's seal, and that Mr. h.*.. ureakapear be authorised to countersign such certificate. Chairman of Directors. C f. fi 7 "1 9 29 MIMJTSS or MEETING or directors of AUSTRALIAN BLITS ASBESTOS LIMITED Held at 1 OfConnell Street, Sydney, at lOtJO a.m* on Tuesday, 6th March, 19*5. Present: Messrs. C.W.R. Rcwell (Managing Director), G.N. Worledge and 7.A. Elmslie (Directors). ConflrMtlon of Mdnctesr The Minutes of- fhe previous meeting were read, confined and signed. freights: The Colonial 8ugar Refining Co. Ltd. reported that the Shipping Company by whoss vessels fibre was shipped from Point Sampson bad notified that it would not recognise any claia in respect of loss or damage to e commodity, the value of which ( exceeded 10 per ton, unless a special freight ^ rate on an increased scale had been paid. It was decided not to pay the increased rate and that this Company would carry the risk of loaa, but that if circumstances warranted, the Shipping Company's attitude should be challenged. Chairman of Directors AUSTRALIAN ELU ALL TTGS LTl'.IT'T held at I trConnsll Street, Sydney, et 10:'0 e.n. :n Tuesday, *rJ April, Present: Messrs. C.'.v.E. Powell (Menacing Lir^ctor) , C.H# tforledge end J,A. Slmslio (Directors) Confirmation of Minutes: The Minutes of the previous meeting were rcaa, confirmed and signed. Csllfrn Shares: It was rjn'lved' *\.r. t c;.li of 4s* per share bo medo on the 5:0,000 ordinary snares cf the Company / numbered 100,noi to 1*0,Goo, inclusive, r.aking / such shar .s paid up to its. each, tad that such call be .ue and payable ferthwitn to the Secretory at the registered office of the Corosny. Appointment cf Alt ornate Director: A notice ?sted ?rd April, 19-`5, from Mr. C.A.R. Powell, nominating ''r. '..llco- J-.ro- Pr.ird os ;.fs alterant'-* F.iroctor, v.as real. Resolved that approval bo rnd is hereby given to the appointment by Mr. C.V-.n. Powell of Mr. Vallace James Baird os his alternate Director in pursuance of Article i 84 of tha Co^pan*v*s Articles cf j.ssocistlon fhrlrren cf Dlrcctcrs. C MINUTES or NESTING OF DIRECTORS of AUSTRALIAN GLUE AS3EPT0S LIMITED Held at 1 0*Conncll Street, Sydney, at 10. JO a.a. on Tuecdsy, 1st May, 19*5. Present. Heserc. C.2J. Tforledfe, Chairman, J.A. Slmslie, end Tf.J. Baird (ts altoraate Director for Mr. C.W.R. I'oweli). Confirmation of Minutes. 'Hie Minutes of the previous Besting were read, confirmed and signed. Call on Shares. It was resolved that a call of 2s. Od. per share be made or. the 50,000 ordinary shares of the Company,numbered 100,001 to 150,000 ( inclusive, naming such shares peld up to 14e. Od. / each, -".nd that such call be due Immediately r?nd neyable rithin one month from this date to the Secretary at the regietered office of the Company. Chairman of Directors ,USTIb-LlAH aOJ& ^Jz.STOS minU v 1 0*Conneii Ltri_t;U, t>y ancy, . t iO.pO s.m. on Tueau-ay, ?ra *cly, 19** 5. Pr-aent: Messrs. O.N. Vorled.$e, J.A. * Leslie and R.rf. Baird (ms -it;mate .ircctor for Mr. C.W.h. Povrell). Cfi'.innan: Hr. 0.IT. '..orleu.v ; * s cl^ct.ci ro t.de tbo casir -t Li rectors' meetir-'S during the ..dsence abroad of Mr. C.fc.H. porell. Confirmation of Minutes: The minutes of th~ previous .ieecin. were reuo, confirmee mu', si ned# C~.ll on Shares: It was resolved that 6 Cf.ll of 4a0d per snare be meat on the- 50,000 ortdnriy shares ( of tne Company number.c 100,001 to 150000 >' inclusive, mikin' sued sn"res or id up to lds.Oc. each, -.nd ti t suen cell be due and payable immediately to te Secretary at the registered office of the Compeny. Issue of Cauitnlt It */: resolved tout the consent of the Coamoiwoulth Treasurer b-i- sought to the (j issue of a further $0,000 ordinary shares s for allotment to The Colon!. 1 Sugar Refining Company Limited. Alternate Director: It was reported that Mr. *-!..`1. *.fyton v-d nominated Hr. Jeoffrey *<jLt * s '.is alternate Director in pursuance of Article 84 of the Compares Art!civ.a of Associ-tion. It a .s. r:-soi.v-.a t:. t the nomination be approved* C airman of Directors. imnrgiB ov WTngTWO qy DIRECT0B3 of ; AP3TRALIAH BLOK ASBZ3TCS LIMITBD 11 ;:*45 . r- Held at 1 O'Cotmoll Straat* Sydnay, at 10.30 a.a. oa Tuaaday, 7th August, 1945. Present: Messrs. G.H. Torltdga (Chalraan), J.A.Slaslis aad f.J. Baird (aa altarnata Direoter for Mr. C.i.H. Pcrwall). Confirmation of tast Tha utas of tha previous assting vara read, aonflrasd aad algnsd* Iaaua of 5a2iHi. reportad that tha ooassnt of tha Goaao&vsal Treasurer to tha iaaua of a furthar 50,000 ordinal aharaa of tha Cospany had baaa received. It vaa resolved that a furthar Iaaua of capital hi aada to tha axtaat of 90*000 ordinary aharaa of 1* each, to ho nunbsrsd free 190,001 to 200,000 inclusive, payable 1/- par ahara oa application* 1/- par ahara oa allotment, aad tha balaaea la calls of not laaa thaa 1/- par ahara aa aad vhaa ada} also that auah aharaa ha allettad to tha Colonial Sugar Refining Ooapaay Limited la tarma of that Company's application of 24th July, 1949* Call cn 3hara|i vaa raaolvad that a oall of 2/- par ahara ha ada oa tha 60*000 ordinary aharaa of tha Company Boabarad 100,Od to 19^*000, inclusive* ashing / auoh aharaa fully paid up and that ansa call be duo aad payahla vlthln oaa month froa this data to tha 8aaratary at tha ragiatarad offioa of tha Company* Aooomrtji lattar datad 26th July* 1949* froa tha Company's Auditors and daallxtg vith ains accounting vaa btfors tha masting* It vaa daoldsd that* if ho favourable rsply to tha Coapaay'a applieatlca / for a Government auhaidy vaa raoalvad hafora it haoaaa na#assary ta sloas aooouats for tha yaar aa&ad 30th funs* 1949* tha Ssaratarr ha instructed to aaka arraagsaants vith tho Taxation Departasnt for tha capitalisation of expenditure on plant and dsrelopasnt go ths basis of tha ains having an astiaatad Ilfs of 29 yoara. ~lnutos of Meeting of .ustrtli.n Blue Asbestos Ltd* held tt 1 O'Connell Street, Sycnty, .t 10.30 e*a* on Tuesday, 4th September, 194J* Present: G.H. Worledge, Chainnen, J.A. llnslie, w.J. b ird Is Ittrntit*: -lr'-e:or for ser* C.i.h.Powell) Confirm tior. of Minutes: i\.e minut.s o' t..i . revious x.iui t1 n / were read, confirmed :cd si^nud. Issue of S-^re Certlflc'e: It wee rc30iv. a that share certificate No. 17, for fifty t.i '-usi.na 150,000) orain: ry si..-res of toe Coep ny, numbered 150,001 to 100,000, in / clusive, in t;i* r*ae of The Coloni'l Sugar btfinin*-: Coop: ry Limited, oe &e led with the Caopuny's ee.'l, nd th::t wr. :* Grc?ksyo';r be uthorised to count*?rsifm such certificate. of ilrvctgfs: It xus rt-solveu trot tue resolution oi* tae l&th *ebrur.ry, 1944, re? rcing Mt-etin^c of Clr&ctorr be rescinded; th-.<t the next Matting of Llr'-ctorc bo held on October - 3rd, 1945, at 1 O'Connell Street, Sydney, r.t 10*30 a.a., ".nd there after on t*.e third Tuesa y of cnca montn 't the a rae time r.nd plcoe* In the event of t-.e third Tuesday in *nr month beirw* e rubllo holiday, the Meeting suall be deemed to nr-v?. b.ft-n orliod for the next succeed t ing business d y > t tue $.--me time and place* This resolution is without ^rcjuuiua to t;;o power to cell Meetings of Liraotorn tit other times a E:-y be necess ry. Qroin. rv uner-'i Meeting: It was rcsoiv-a t:.-,t tat Oruin-ry Cener.l Meeting In 1?45 of tuc Company be -.eld *t 1 O'Connell Street, Scanty, - t 10*45 on Tuesa y, Ootobcr fjrd, `:ud ca t tac Secrc-t:y be inctruoted to convene tne Meeting accordingly. AajllC-'tion for State ^sslat-.noei Tbe reply dutoo Ztith August, 194$, by ths Under Secretary for tines to tQe Cospucty's epplio-.tlon for e State gu r r.toe against operating losses, up to e nszisuB of 25*000 in an? one year, for a period of flTc ye*rs, whs reva to the Meeting* It w*a resolved thr-t tat Government offer of e bank guhrntes of 25,000 ?:g:.inat a aortgugo of tbo Coapany's tenements end a bill of sale over its yl. nt, ,no stipul ting that the Uorerment should b ve u seat on t..e board of idreotors, was quite unacceptable. 35 - 2- It was further resolved ta^.t the Secretary should request the State Government to re consider the Company^ original application in the li*ht of an offer by the Company (subject to the necessary shareholders* cos* sent being obtained) to refund to the Government, without interest, any sums granted under the guarantee to the extent of profits in excess of as amount equal to 1% per annua calculated on the whole of the CoErpn7Ws prid up capital from time to time curing'J^eriot for which sucn* capital has been employed* Chairman of Ilrentora. I l i -UtU L_ ..1.1 1.4^ U-- of aPSTRALIjJI ELUI ^BSSTOS LIMITK). Held at 1 O'Connell Street, Sydney, at 10.30 a.a. on Tuesday, 23rd Ootober, 19*5. Preaentz Messrs. G.ii. Worledge, Coalman, I.a. Xlaslie, and W.J. Baird jae alternate Director for Mr. C..R. Powell). ConflTwati n-n of liimateg; The Minutes of the previous meeting were reed, confirmed and signed. There being no buelnees to transact the meeting then closed. Chairman ofLDlrectors. * DIRECTORS MIMUTSS Of asaiTIMG of ni.tig ASBESTOS LiailXD Held at i O'Connell Street,'Sydney, at 10.50 a.m. on iuesday, 20th November, i?4-5 Vessrs. 0. N '-'crledge (Chainaan), J* A. Slaalie, end * Baird (is alternate Director for Mr. C. v.. k. Powell). Confirmation of Mlmtaa: The "lnutea of the previcu? Meeting were read, confirmed and signed. it wag re solted that a call of 4e.Qd per share be made on the 50,000 ordinary shares of the Company numbered 150,001 to 200,000 inclusive, ( maiing such shares paid up to 6s.0d. eaoh, and ' that such call, be due and payable immediately to the Seoretary at the registered office of the Company. CHAIRMAN. ' PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 19S7 HIBUTE9 OF MEirHHO of PRODUCED IN MA` BARROW V MiD NOM8 OF Y 'DIRECTORS OP AUSTRALIA?* BLUE ASBFST03 LIMITED Held At 1 O'Connell Streot, Sydney, at 10.30 a.m. on Tueaday, 18th Peoosbar, 1945. Preeentt Meaare. O.V.R. Powell (Chairman), O.n, Vortedge, and J.A. Elaalie. Conf1raatlon of Xlnuteei The alnutea of the provloua Meting were read, confirmed and algoed.* The monthly report for Koveaber, a a au^ Bitted by the Secretary, vai placed, before the Meting* CHAIRKAR. PRODUCED in matter of HEVS V, M1DALCO NO 226] OF 1987 MIKUTEf MATING OK Diah'gTORS Cf aost.jjli;.!. raxs ASiresTCf limited PRODUCED IN BARROW V NO 1148 C Held at 1 0*Connell Street, Sydney, at 10.50 a.m. on Tuouiay, 5th January, 19*5 Present: Messrs. C.^.R. Powell Ulcnagiag Director), G.N. Worledge and J.A. Elnslie (Directors), Confl-rnatlop of Minutes, The Minutes of the previous meeting vero read, confirmed and signed, Xncreaee of Capital, It wee reportod thut the oonaent or the . _T Coders! Treasurer had boenrecolvod for the Increase of the nominal capital of the Company from 100,000 to 200,000 by the creation of 100,000 new ordinary shares of 1 each. Issue of Capital. It was resolved that's further issue of sapltr be made to the extent of 50,000 ordinary shores of 1 each to be numbered from 100,001 to 150,000 inclusive payable Is,. Od. per share on application Is. Od. per share on allotment and the balance in oolls of not leaf / than Is. Od. per share as nnd when made; also that such \ shores be allotted to The Colonial Sugar Refining Co. Ltd. In terns of that Company1s application or 3rd January, 19*5. Increase of Capital. The Managing Director reported that the . 1 letter dated 50th Rovcusbor, 19*x, from Messrs. E. A. Wrig. and E.J. Vforren had been discussed with The Colonial Sugar Refining Co. Ltd. As it has always been in contemplation th.-it any additional capital found uocosattr; would bo provided by The Coloniul Sugar Refining Co. Ltd. that Company holds the view, with v-hicb the Dlruotors present at thin mooting agree, that nothing has occurred to Justify the Adoption of the suggest!onSmado In the letter rei'erred to, end that Messrs. Wright and' ' Viarron be inforaud accordingly. ChaliMqn of Directors. PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 minutes or a::r.Ti?io of iilectors PRODUCED if Of BARROW V no me AUSTRALIA!-! hLU^, ^IZ^ZTOZ LIMITED lltsld at 1 O'Connell Street, Sydney, at 10*30 e.o. on Tuesday, 6th February, 1945. Pivabut: Hessra* C*Vt*Ii* Powell (Managing JArector), G.M* Worledge and J.A. Llmelie (Dl: Confirmation of Mlnutea; The Minutes of tne previous meeting-were re confirmed end signed* Call on Shares: It wee resolved that a oell or baQd. pan share be truce on the. 30,000 ordinal? scare e of the Company numbered 100,001 to 150,000, inclusive, making euoh sheree paid up to , / 6s*0d* each, and that such cnll be due and payable forthwith to the Secretary at the registered office of the company* Isnue Shnrr Certl fl cc-te: It ws\ resolved thet Shere Certificate No. 16 for 50*000 ordinary shares numbered 100,001 to 150,000, inclusive,' in the name of The Colonial Sug*r Refining C01Lfitry Limited, be eeeiod with tne Company*fi seal, and that Mr* K.i.* bri-ekapee.r be authorised to countersign euoh certificate* Cheinnon _of_m reot.or; Produced in Asbestos- Personal, Injury Cases: Acr^rns lead and. . copied to Richard r. Scruggs \ PRODUCED IN MATTER OF . HEYS V. MIDALCO - * NO U&lOF 1987 't J * Y 1 minutes or meettnc ok directors . or ` - AUSTRALIAN BUIS ASBESTOS LIMITED /J (f ( PRODUCED IN MATH BARROW V MIDAL N0N48 0F 1987 Held at 1 O'Connell Street, Sydney, at IOiJO a.a. * on Tuesday, 6th March, X945* tX&ASBXt"Messrs. C.W.R. Rowell (Managing Director), C.N. Worledge end I.A. Elaslie (Directors). inflraatlon of'Mdniitee: The Minutes of the previous moetlng were read, confirmed and signed. Freight's: The Colonial Sugar Refining Co. Ltd. reported that the Shipping Company by whose ressols fibre . . was shipped froa Point Sampson had notified that it. would not rocognise any claim is respect of ...loss or damage to a commodity, the value of which i exceeded 10 per ton, unless e epeciel freight J / rate on an increased scale had been paid. It was decided not to pay tha increased rate end that this Company would carry the risk of loss, but that if circumstances warranted, the Shipping Compeny** attitude should be ohalleaged* C Chairmen of Directors. IN MATTER OF hcYS V. MIDALCO li2kl !S 0? MScTTIvQ NO 1161 OF 198? of r.inzirrr.z* PRODUCED IN M BARROW V. NT 5^ NO 1148 OF AUSTRALIA?! BLU3 ASR :PTQC LTMITTT; Held at 1 'Connell Street, Sydney, et 10: *0 cn Tuesday, 3rd April, 19*15. pre.rert: Mer.rrs. C.V..R. Powell (Managing Director) , C.H. Worlo.lgo end J.A. Hlmslio {Directors) Confirmation of Minutest The !.Unut*s of the previous meeting wore read, S confirmed and signed* _ , Cell on Sharast It was reooivad* that * cull of 4s* per share bo nedo on the 50,000 ordinary shares of the Company / numbered 100,001 to 150,000, inclusive, risking / such shares paid up t.o l?s. each, and that ouch # call bo nue ond payable forthwith to tho decretory ^ at the registered office of tho Corroony* ? APT>olntn>e.nt of Alternate Director; A notice dated 3rd April, 19*5, from Mr* C.'A'.p. Powoil, nominating Mr* Wallace Jar.es Pcirrt es his alternate Director, was read* Received tbot approval bo and is hereby 'given to tho appointment by Mr. C.V.,3. Powell of Ifr. Vallcce Jotros Baird oa his alternate Director In pursuance of Artiole 84 of tho Companye Articles cf Association C Chairmen of Directors-. Produced in i^^rd HVODUCED IN MATTER OF HEYS V. M1DALCO ;.NQ 1161 OF 1987 MINUTES OF KPSTINO OF DIRECTORS PRODUCED IN M, BARROW V. MI NO 1146 OF of AUSTRALIAN BLUE ASBESTOS LIMITED Hold at 1 0'Council Street, Sydney, at 10.30 a.it. on Tuesday, 1st Way, 1945. Messrs. G.N. Korledge, Chaimen, J.A. Elmslie, end W.J. Baird (as al tomato Direotor Vor Mr. , C.W.R, Powell). Confirmation of Minutes. The Minutes of the previous . .. meeting were read, confirmed end signed. Cell' on Shares. It was resolved that a call of 2a. Od. per share bo mod on th $0,000 ordinnry shares of the Company numberod 100,001 to i$0,000 / inclusive, making such shares pold up to 14s. Od. ' each, end that such coll be due immediately and payable within one month from this date to the Secretory at the registered office of the Company. Chalm&n of Director FflODUGED IN MATTER OF HEYS V. MlDALCO NO 1161 OF 1987 PRODUCED IN MATTER BARROW V. MIDALCc NO 1148 OF 1987 The meeting of Directors of Australian Blue Asbestos Limited, fixed to be held in Sydney at 10*30 a.n. on Tuesday 5th June, 1945, lapsed for want of a quorum. Acting Chairman of Directors. Produced in Asbcs-oo Personal injury Cases: Abrams tcsd and copied io Richard F* Scruggs PRODUCED IN MATTER OF HEYS V. M1DAICO NO 1162 OF 1987 KIWUTES QY uiELTlNO OF UECTQy.G 1 ----- ftf ' PRODUCED;: BARROW V AUSTRALIAN BLUE ASBESTOS LIGHTED -'N0 ,I4fi ikiU l> 1 0*ConnH Street* iiydmy, :it 10.>0 u.:u. c Tuesday, Jrd July, 1945* c uC Pr<-s-rt: Messrs. O.K. Worlcdsje, J.A. Elusll* and t/.J. Baird (aa .itemato Lircctor for Ut C.tf.lw Powell). Ur. O.K. Worladfls. wza elected to te&etha cuftlr r.t LiTectors* meetings curing the tboenoe abroad of Ur* C.b.B. Po*ell. Confirmation of Mlmitas: Tbs minutes of the previous meeting- ware * rood, confirmed and signed. ' Ml..on Shares: It wee rosolvod'*that a all of Ao.Od. per shore be o.de on the 50,000 ordinaxy shares i of tho Company numbered 100,001 to 150,000 * lnclucivo, aoKln" such shares prld op to l&S.Oo. each, t:nd that such call be due and payable immedt'-tcly to tne Secretary n.t the registered office of the Company* Iasuo of Capital's 11--wr.s resolved thot tho concert of the Commonwealth Treasurer bo sought to the * issue of t. further $0,000 ordinnr7 tho re y for allotment to The Colon!.*1 Soger Refiain?. Company limited. k 1.turns t e__ Diro ctor: It was reported that Ur* %T* unyton had.* nominated Ur* Geoffrey beet his nitornate Lireotor in pursuance of Article 84 of the ; Company's Articles of Association. It v.\s resolved thr.t the nomination be appro; C-.-j>lrman of, l-l rectors. l Produced in Asbestos P^-sorisi Injury Cases: Abraw J-.^u aS copied to Richard F. Scruggs ( i?4r* 1 } it i- I OL'wCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 PRODUCED IN MATTE! BARROW V MIDALC ( -NOTUiOF 19BT minutes uggpiwo or directors i II of :i----------- .* BLUE ASBESTOS LIMITED1----------------- - Bold at 1 O'Connell Street* Sydney* at 10.50 a.m. on Tuesday, 7th August, 1945* . Present! Messrs. G*H. forledge (Chairman), f*A*Elmsll and f.J* Baird (a alternate Direotor for Kr. O.V.B. Foeall) Confirmation of Minutest The Minutes of the previous meeting vers read, confirmed and signed* Issue of Capital: . it vas reported that the eonaent of the Commonest Treasurer to the issue of a further 50*000 ordine shares of the Company had been resolved* It sas resolved that a further issue of oepltal b sade to the extent .of 50,000 ordinary shares of 1* eaeh, to be numberod from 150,001 to 00.000 n inclusive, payable 1/- per share on application, y 1/- per share on allotment, and the balance la oalls of not less than. 1/- per share as and then aadet also that auoh shares be allotted to the Colonial Sugar Refining Oompasy Limited in terms of that Company's application of 4th July, 1945* .Call cm Shares! . ~ it vas resolved that a call of /- per share be aede on the 60,000 ordinary shares of the Company nuaberod 100,001 to 15^,000, inclusive, making y suoh shares fully paid up end that suoh oall ds due and payable vlthln one month froa this date to the Seoretary at the registered office of the Company* lllne Accounts i A letter doted 26th July, 1945, from the Company's Auditors end dealing dth mine accounting saa before the meeting* It was decided that, if no favourable reply to the Company's application /for a Government subsidy &s received boforo it became necessary to close aooounts for the year ended 30th June, 1945, the Secretary be instructed to make arrangements with the Taxation Department for the capitalisation of expenditure on plant and development on the basis of the mine having an estimated life of 5 yoars* Produced in Asbestos Perscr.r; Injury Cases: Abram? isad arse copied to Richard F\ Scruggs Chairman of Directors, PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1J61 OF 1987 aUSTK.-.L1:JI tiLlik PRODUCED IN M BARhOW V. M NO 1148 0? .Mil-KfQS LTUr. L. tiinutoe of tteetinn of Australian Blue Asbestos Utld int 1 O'Connell Street, Sydney, ; t 10*}0 e Tuesd.ry, 4th September, 194 5* Presort: G*!J. Worlsd^e, Chairaun, 5. A* Blaalle, W,J* b?ird l*te r.lternete ^iruetor for Ur* < Cor.flnr.--M or, of Minutes: Tho minutna of the previous lioctltv; wore r< confirmed nsd signed* Is.au^_af_:Shwre Certlflc'to: ^' It was resolved that share eertlflcr.to No* for fifty tbousRBd (>0,000) ordlnriy simrss toe Company, numbered 150,001 to-f-00,000,. i y" oluslve, in the n*me of The Colonif.1 Sugar1 r fieflnlng Compciy Limited, be se'.led with th Company' s senl, end that Ur* '! fcrcsfcspes be authorised to counteraiai such certifien )Lni">An'.* of Directors: It was resolved tout the resolution of the'* l&th February, 1944, re^/TCin/s U**tin;s of Directova be rescinded; that the next ilocti: of Directors bo held on October -?$rd, 194>, nt 1 O'Connell Street, Sydney, nt 10*30 e*m end thereafter on the third Tuesday of-.oneb month f:t the nAu time nnd plr.co* In the event of tnc third Tueed'*/- in orjy mo: beln$ h publlo holicl'-y, the Ueotim; shall b< deemed to have b*.*n Of-llod for tho nert root inr, businuss d-y *-t the s*mo time *rd ylaoe. Thio resolution la without prOocioe to tfto power to onll Weetln^o of llruor.ors tit other times at moy be nocesa.jy* '/ Qralc,- rv Uonoml MgVtlnr.: ":;0" It was resolved ttint the Ordinary Conors! lie In 194> of the Company be'hold at 1 O'Connel Street, Sydney, nt 10*45 u.m. on Tuesday,. Oo I3rd, r.nd thnt the Secretary bo inctruotod ,t convene the kectlng accordingly*___ .`Djllc-*tioji_ for .State Aeslstynoc: \`-' Tho reply dntod Pbth August, 1945,* by the\Un' Secretary for Hines to the Compurr/'e applied for a State gu- r-ntoo o^ainst operating losa- up to a maximum of ?>,000 in any one year, .5 a period of five ye*ra, ios rc*'d to thft'Ueet' It wh resolved tiv*t trie Government offer of b*,nk .;uj rMDtee of *>,000 n*` inst e sortt*ftO the Company's tenements and n bill of sole-o' its pl-nt, *>nd stipulating thst the Governor should tv-.ve u scat on the board of Lireotore, was vjuite unaoceptoble* . PRODUCED W MATTEROF HEYSV. MIDALCO NO ri6iOFi9S7 MiNtrrss OF MEETING or DIRECTORS -------- "PRODUCED IT BARROW V of NO N8 AUSTRALIAN BLOB ASBESTOS LIMITEDt Bold at 1 0Connell Street, Sydney, at 10,JO a.a on Tuesday, 2Jrd Ootober, 1945. Preaenti Messrs. C.W* Worledge, Chairmen, J.A. Xlaal W.J, Baird Jae alternate Director for Ur. C Powell)* CnnflTfflfttinn at Waotag; The Minutee of the preT.ious a were read, conflraed end alined* * There being no business to transact the nesting- then alt Chairman of P^cducii:/ Irs Asbestos Persoinjury *: Abrams tead ar. copied to Richard F. Scruggs FROfXJCED IN MATTER OF KEYS V. MIDAICO NO U61 OF 198? rufcwiiw--ini BARROW V MIDALCO NO M4HOI: 198? U......... LV, .....Jiw'f0o LIUITL'i), Uinuti>3 of Thiri General Meeting or Chareholdops, hoi- at 1 O'Connell Street, Sydney, on Tuesday, the }rd October, l'Uj, st 1C.45 o'eloc.-; 1:; i .c -.orning. Present: Meters. G.N. Worledge {Chairman), J*** Xlmslle* The Chairman Announced that he held proxies from The Colonial Sugar Refining Co* Limited, ____________ __ Mr,_ J.L. Tuoker end Mr.-2*B*T. Layton. .- Watiee..Of Me*tin.^ Ur. C.H. Worledge, 'for the Seoretarjv^-*^ reed the Botioe, ae set out below, oonvaning tha * Heating. ^<*>3. wNOTIC IS HEREBY CX72H that the Ordinary Geaerial'V. Meeting of the Company will he held at llo.'*l O'Connell Street, Sydney, in the State of Weir:>V. - 1--5 1. To receive the Balanoe Sheet, Profit .. Account and the reports of the Lirdoiorsraad:4;iv4 .Auditors for the year ended JOthJane^vlfriS*^^ ; * .* * . ." . -42-* 2. To elect a Direotor In the plaoe -of .Brnest*\;w^ Archibald Maynard Bright who retires.in.. accordance with Artiole 7^A of the Ccopahy*V^?> Articles of Assool&tlon. , vSxsest ArohibalC^?*^' . Maynard Wright has Againb'een'adndaated- the position of Direotor end ia, -ellglb1e"foy.*& re-eleotlon.' ' ; 'V `*v;; , . 3* To appoint an Auditor end'1 to* fix'th^-.'^QKWA^rf^^ 4. To transact such other business a'e may!b .properly brought before. the meeting,. . " v rT3 P} o Hi s^-5 <bjo o m The Chairman declared, the Heating'diily.-dematitutft^ *" . " ''*. - `y Bolanco Sheet end Profit end Loss Jiooount`with i,ijdi^6rs' Reports With the consent of the meeting these documents wsrtpT taxon as- reud and the Chairman, in moving theiri:^3'35 adoption read tho report of the Direotors4`iar __ ,, of Uia reaarica being annexed hereto. ,-2Tfce BaleuierK# Sheet and Profit and Loss Ao count.were duly, e^yptd^g yiectlnn or a D'pBOtor: Ur. S.A.U* Wrir.h't'vaa re-elected* \ Director of the Company for a further term'.aa- v provided by the Artloles of Association* ' Appointment nr Auditors; The retiring auditora*rUesar*. Mel Merry, were re-eppolnted ea auditors for/tbe eampanjf *er the yg8f 6h*Ug JOSfe'f* VH&'Sl fee of SLxtyflws Guineas. -TiV '.J PRODUCED IN MATTER OF HEYS V. MIDALCO .* NO U61 OF 1987 MINUTES OJT MEETING <ODUCED IN MA HARROW V. MIC NO 1148 OF 1 Of DIRECTORS Of AUST^i^m BLUE ASBESTOS LIMITED Held lx 1 O'Connell Struct, Sydney, at 1C.JO a.m* on iuosday, 20tb November,. 1945. - "Present Messrs* C* H l&orledge (Chairman), J* A. Xlaali and V;. J. Baird (As alternate Director for Ur* C* fc* ft* Powell). ' - Confirmation of Minutes: X, The Minute of the previous Meeting were read, C Ucrs ..T\ conflraed and signed* . ___________ rnil n>. flutr-- --------------- ------------------ ----------- It was resolved that a call of 4s.Qd. per share be nade on the JO,000 ordinary shares of the Company numberad 150,001 to 200,000 inclusive, ( making such shares paid up to 6s.Od. eeoh, and that aoeh call be duo and payable Immediately tc the Seoretaiy et the registered office of the Company. c - CHAIRMAN. luced in Asbestos Person:-; y Cases: Abrsms lead and ` " * Sciuocss Muronss or ingram of DIB8CT0BS Of ADSTBat.taw mint T.TtfTTEP Hold at 1 O'Conntll Straet, Sydnay, at 1QS0 a.a. oa Tuesday, 21st May, 1946. Present! Maura. C.T.'.R. Powell (Chairman), o.N. fforledge, and J.A. Slxoslle. Confirmation of Minutes. The minutes of the previous meeting wara read, confirmed and algaad. Report: Tha monthly raport for April, 1946, aa submittal by tha Manager, was plaaad bafora tha mooting. Call on Shares: It waa resolved that a oall of 2s.Od* par shara ba mada on tha 50,000 ordinary sharaa of tha Company, numbarad 150,001 to 200,000 InolualTS, 0 making sueh aharaa paid up to 16a.0d. saeh, and J that auoh oall ba duo and payabls immsdlatsly to tha Saerstary at tha Raglstarad Offloa of tha Company. CHAIRMAN. MINOTES 0? MERTTNC Of DIRECTORS OF AUSTRALIAN BLUE ASBESTOS LIMITED Held at I O'Connell Street, Sydney, at 9.30 a.m. on Tuesday, 18th June, 1946. Present: Messrs. C.W.R. Powell (Coalman), G. N. Worledge, and J.A. Elmslie. Confirmation of Minutes. Die minutes of the previous meeting were read, confirmed and signed. Some discussion on the general outlook at the mine ensued, hut no other business was transacted. Chairman of_^lrectors. MHUTB8 OF gIHg of DMCTOM or ATOTRALIAB BLOB ASBBSTOS LIXITP. told at 1 O'Connell Street, Sydney. *t 10*30 an* on Tuesday, lbth July, 1940* Present! Haora* C.t.R. Povell (ChRlraa), O.H. borledge, and J*A* Cnslle* Canflmatlon of Mlaataai fha nlsataa of the previous nesting vara read, eonflrned mad signed* Manager*a Report: Tha Monthly raport for June, 1946* aa subaltted by tho Manager, vaa plaaad before tha naatlng* Call on Shares: Zt vaa rasolred that a eall of 2s*0d* par ahara ba nada on tha 50.000 ordinary aharaa of tha n Conpany nufeeredl50,00 to 200.000 inclusive, jl aakinf aaoh aharas paid up to 18a*0d* each, and that aaah eall ba dna and payable loadlataly to tha Secretary at tho Registered Offloa of tha Conpany; Mine: Zt vaa reported that, in Tlav of difficulties anaonntarad In alnlng, It eeeaa evident that nara on&tal vlll ba aaaaaaary In order to reach tha production stage, and that a raport la nov being prepared by the Managing Agents on tha position and will ba subedited to tha Board at tha next naatlng* Chalmaa of Plraotora* MINUTES Of MEETING OF DTR2CTORS OF AUSTRALIAN 3LUj ASBESTOS LTE. Held at 1 0*Connell Street, Sydney, 11 a.m., Tuesday, 3rd September, 1946* Present: Messrs. C.W.R. Powell (Chairman), G.N.Worledge and W.J. Baird. Minutes: The Minutes of the previous meeting were read, confirmed and signed. Annual Meeting: It was reported that no reply had yet been received from the Federal Treasurer regarding tne Company*s application for permission to Increase its capital. It was resolved, subject to the consent to.the proposed increase being received within the next few days, that the Annual General Meeting of the Company should be held at 1 O'Connell Street, Sydney, at 10*30 a.n. on Tuesday, 15th October, 1946. Increase of Capital: Subject to the aforesaid consent being received It was resolved that the following Resolution be placed on the Agenda for the Annual General Meeting, as a Special Resolution. That the capital of the Company he j increased to 400,000 by the creation 1 of 200,000 ordinary shares of 1 each, and that such shares be issued at suoh times and to such persons upon such terms and conditions and with such rights and privileges as the Directors shall from time to time determine hut subject in all respects to the Arti?les of Association of the Company. Capital Expenditure: Capital Expenditure Form Ho. 1, purchase of sundry plant and equipment, 15,050, was approved. CHAIRMAN addressed to Ur* W*J* Baird revoking the latter's appointment as Mr. Powell's alternate Director in pursuance of Article 84, It was proposed by Mr. Worledge seconded by Ur* Slmslie and carried that the appointment of Ur* Wallace James Baird as alternate Director to Mr. C*W.R. Powell be. and is hereby, revoked. Appointment of Director: It was proposed by Mr. Powell seconded by Mr. Worledse end carried that Mr* Wallace James Baird be appointed a Director of the Company, to hold office to the date of the next Annual General Meeting* Mr* Baird then took his seat on the Board* Transfer of Shares: A transfer of five deferred shares numbered 80026 to 80030 from The Colonial Sugar Refining Company 1 Limited to Wallace James Baird was passed by the Board. Cancellation of Share Certificate; Share Certificate No* 6 for 10.175 deferred shares registered in the name of The Colonial Sugar Refining __ Company Limited was submitted for cancellation and duly cancelled* It was resolved that Share Certificate No. 18 for 10.170 deferred shares numbered 80031 to 90200 in ' the name of The Colonial Sugar Refining Company ' Limited, and Share Certificate No* 19 for fire deferred shares numbered 80026 to 80030 In the name of Wallace James Baird, be sealed with the Company's seal, and that Mr* B*2* Breakspear be authorised to countersign such certificates* Special Meeting of Directors: It was resolved that a Special Meeting of Directors be called to be held at 1 O'Connell Street. Sydney, at 10*30 a.m* on Tuesday, 3rd September, 1946* CHATPHAM MTNtJTBS 0? MgyrTNQ or DIRECTORS Of AOSTraLian ai.HZ ARRflfefrnft Held at 1 OfConnell Street, Sydney, 11 a*m*, Tuesday, 3rd September, 1946. Present: Messrs* C.W.R. Powell (Chairman), G.N.Worledge and W*J* Baird* Minutes: The Minutes of the previous meeting were read, oonflrmed and signed* Annual Meeting: It was reported that no reply had yet been received from the Federal Treasurer regarding the Company*s application for permission to , Increase its capital* It was resolved, subject to the consent to.the proposed Increase being received within the next few days, that the Annual General Meeting of the.Company should be held at 1 O'Connell Street, Sydney, at 10*30 a*a* on Tuesday, 15th October, 1946* Increase of Capital: Subject to the aforesaid consent being received It was resolved that the following Resolution be placed on the Agenda for the Annual General Meeting, as a Special Resolution* That the capital of the Company be j increased to 400,000 by the creation ( of 200,000 ordinary shares of 1 each, and that suoh shares be lisped' at such times and to suoh persona upon suoh terms and conditions and with such rights and privileges as the Directors' shall from time to time determine but subject in ell reepecta to the Articles of Association of the Company* Capital Expenditure: Capital Expenditure Pars No* 1, purchase pf sundry plant and equipment, 15,050, was approved* CHAIRMAN 49 MINUTES Of MEETING Of DIRECTORS Of AUSTRALIAN BLUE ASBESTOS LIMITED Held at i O'Conneii Street, Sydney, at 10-JO a*a* cn Tuesday, 17th September, 194b. Present: Messrs. C.WR. Powell (Chairman), G.N. fc'orledge, J.A. Elmslie and W.J. Baird. Confirmation of Minutes: The minutes of the previous Meeting were read, confirmed and signed. Increase of Capital: It was reported that the federal Treasurer*a , consent to an increase in the Company*s capital t to 400,000 had been received. Annual Meeting: t+ ** r.pnrt.#ii that the secretary had been instructed to circulate notices of the Annual Meeting, to be held at 1 0*0000011 Street, Sydney at l0-)0 e.s. on Tuesday, l>th ootober, l?4b. Appointment of Alternate Director: A notice, dated 17th September, 194b, from Mr. C.r.R. Powell, nominating Mr. B.E. Breahspoar as his alternate Director, was read. Resolved: That approval ba and la hereby given to the appointment by Mr. C.W.R. pcwell Of Mr. H.Z. BreaJtspear as his alternate Director in pursuance of Article 64 of the Company's Articles of Association. ^dfl CHAIRMAN ----------------------OF------------------------------AP8TRALIAM BUTE ASBE3TC3 tlXITO. Held At 1 o*Connell street, Sydney, on fueeday, 15th October, 1946, at 11 a*a* ywwntt Hiiffii C.t.R* Fowl 11 (Chalraan), a.** Vorlodgt and J.l. Gaelic. tflnateat Tha Mlnutaa of tha tjrarloua Meeting vara read. conflrtaed and elgned. Monthly flaocrti septeabar naa tabled. ran proposed that a forth#* laaua of oapltel b# aada to th# extant of fifty thousand (50.000) Ordiaary aharaa of oa# poaad (A) eeah, numbered 200,001 to 250,000 lnelualire, payable on shilling per short oa application, oat shill* lag par short oa sllotasat, and tha balance 1a ealls of not laaa than on# ahilUag par abort, to bt aodt as and whoa the Director# nay dtcldat also, that aaeh shorts bt allotted to The Colonial Sugar Refining Ceapaay Listtad In tarns of that Company* a application of 14th October, 1946* This was attended by Hr* J.A. Goalie and carried* ireti t5 Chainaa proposed that a call of too ahllliags per share bt aadt oa 50,000 ordinary aharos of the Coapany. aaabtrtd 200,001 to 250,000 lneloalve, sad that such call be due sad payable laaedlately to the Secretary at the registered office of the Goapany. b, P}*. r. 0 . *,,L CkTr.Vot PRODUCED IN MATTER OF HEYS V. M1DALCO .. NO 1161 OF 1987 MINUTES OF MEETING PRODUCED IN MA' BARROW V. MID NO 1148 OF 1 Of DIRECTORS 0? AUSTRALIAN BLUE ASIESTOS LBSTZP Held at 1 O'Connell Street, Sydney, at 1030 a.m. os Tuesday, Slat May, 1946. Present: Messrs. c.V.'.R. Powell (Chairman), o.N. tforledge, and J.A. Elmalie* - Confirmation of Minutes. The minutes of the previous meeting were read, confirmed and signed. Manager*e Resort: The monthly report for April, 1946, as submitted by the Manager, was plaoed before the meeting. Call on Shares? It wae resolved that a oall of 2s. Od. per share be made on the 50,000 ordinary shares of the Company, numbered 150,001 to 200,000 inolusive, q making euoh shares paid up to 16s.0d. each, and that euoh oell be due and payable immediately to the Secretary at the Registered Office of the Company. CHAIRMAN. Produced in Ashe-tfos P-*rsonr' Injury Cases: !> ~~ `-rid and copied to Richard F. Scrubs  PRODUCED IN MATTER OF HEYS V MIDALCO NO 1161 OF 1987 - MINOTES OP MEETING a of PRODUCED IN M HARROW V M NO 1148 OF DIRECTORS OF AUSTRALIAN BLPE ASBESTOS LIMIT! Hold at 1 O'Connell Street, Sydney, at 9.30 on Tuesday, 18th June, lyefc. Present: Messrs. C.W.R. Powell (Chairman), C. K. Worlt and .A. Elmslie. Confirmation of Minutes. The minutes of the previous meeting were ree confirmed and signed. < Some discussion on the general outlook at the mine ensued, hut no other business was transa . C* Chairman of Director; Produced n Parsons. Injury Cases: Abrarr.s lead anc copied to Richard F. Scruggs .1 mODUCED ffV MATTEROF ' HEYS V. MIDALCO NO U61 OF 1987 MIHUTgg Of HEETINQ PRODUCED IN MAT BARROW V. MID/ NO 1148 OF 19 Of DIRECTORS OP AUSTRALIAN BLUE A8BS3T03 LIMITED. Bold at 1 O'Connell Str>eeeett, Sydney, at 10. }0 a.m. on Tuesday l6tn July. 1946. Present: He.are. C.V.R. Powell (Chairman), O.H. Vorledge, and J.A. Unslis. Confirmation of Minutes: The minutes of the previous meeting were read, confirmed and signed. ManagerRe-port? The monthly report for June, 1946, as submitted by the Manager, was plaoed before the meeting. Call on Shares! It was* resolved that a eall of Ss.Od. per share be made on the 50,000 ordinary shares of the 0 Company numberedlpO,OOX to 200.000 Inclusive, j mating suoh shares paid up to l8s.0d. each, and that euoh eall be due and payable immediately to the Seoretary at the Registered Office of the Company. Mine: It was reported that, in view of difficulties encountered In mining, It seems evident that more capital will be neoessary in order to reach tat production stage, and that a report is now being prepared by the Managing Agents on the position and will be submitted to the Board at the next meeting. Chairman of Directors. Produced in Ashsstcs present-: Injury Catm: Abrsnts toad sr:w copied to Richard F. Scruggs PRODUCED IN MATTER OF HY5 V..MIDALCO NO 1161 OF 1987 MINUTES OF KBETIHO Of ..ODLCEDINMABarrow v. Mid no 1148 OF It DIRECTORS OF AUSTRALIAN BLUE- ASor.STOs LIKTT&P Held at 1 O'Connoll Stroot, Sydney, at 11 a.m, oa Tuesday, 20th August, 19*6. Present: Messrs. C,W,R, Powell (Chairman), Q.N. Worledg end J.A, Elmslle. Conf i rrot.l tpn of Minutes: The Minutes of the previous Meeting were read, confirmed end signed. Manager1s Report? ' The monthly report for July, 19*6, ee submlttec the Manager was placod before the Meeting* Call on Shams: It was resolved that e call of 2s.Od. per eheri medo on 50,000 ordinary aU&ree of the Company numbored 150,001 to 200,000 inclusive, making t shares fully paid up, and that such call be due payable immediately to the Secretary at the.teg tered office of the Company, Capital: The Managing Director reported that The Colonle Sugar Refining Company Limited bad signified it approval of Australian Blue Asbestos Limited ap to the Commonwealth Treasurer for permission to inoroase the authorlsod capital of the Company 400,000, and The Colonial Sugar Refining Coopa Limited agreed, subject to satisfactory reports development being forthcoming, to subscribe for now capital issued to cover the development programme for the next 12 months* operations, o alternatively, that it would lend up to 130,00( Australian Blue Asbestos Limited, the loan to b' secured by mortgage or other charge at a rate-o: interest to be mutually agreed. Mine: It was resolved that the consent of the Poderal Treasurer be sought for permission to increase t authorised capital of the Company to 400,000 to creation of 200,000 new ordinary shares of 1 < *. The Chairman r:od a report detod the 20th August 1946, from the Managing Agent3 regarding the pot at the mine. Alternate Director: Mr. C.V.'.R. Powell gave notice that a letter had Produced in Asbsctcs Person?! Injury Cases: Abrarcr Vsd and copied to Richard H. L..usss rnODwCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 PRODUCED IN MATTER O? BARROW V. MIDALCO NO J148 OF 3987 addressed to Mr. W.J. Baird revoking the latter's appointment as Mr. Powell's alternate Director In pursuance of Article 84. It was proposed by Mr* Worledge seconded by Mr. Elmslie and carried that the appointment of Ur. Wallace James Baird as alternate Director to Mr. C.W.R. Powell be, and is hereby, revolted. Appointment of Director: It was prop.osed by Mr. Powell seconded by Mr. Worledge and carried that Mr. Wallace James Baird be appointed a Director of the Company, to hold office to the date of the next Annual General Mooting. C Mr. Baird then took his seat on the Board. Transfer of Shares; A transfer of five deferred shares numbered 80026 to 80030 from The Coloniul Sugar Refining Company / Limited to Wallace Jamoe Baird was passed by tho Board. Cancellation of Share Certificate: Share Certificate Mo. 6 for 10,173 deferred shares registered in the name of The Colonial Sugar Refit . ___ Company Limitod was submitted for cancellation and --------- ---------- -- duly eonoelled. Issue of Share Certificates: C It was resolved that Share Certificate No. 18 for 10,170 deferred shares numbered 80031 to 90200 in ; the name of The Colonial Sugar Refining Company ' Limited, and Share Certificate No. 19 for five de: shares numbered 80026 to 80030 in the name of Wal! James Baird, be sealed with the Company's seal, a: that Hr. H.E. Breakspear be authorised to counter: such certificates. Special Meeting of Directors; It wee resolved that a Special Mooting of Dlrecto be called to be held at 1 O'Connell Street, Sydne at 10.30 a.m. on Tuesday, 3rd September, 1946. Produced in Ashncics Personal Injury ~^ copied to Ricftaro l~- Sciucjcjs CHAIRMAN rf<ODUCD IN MATTER OF HEYS V. MIDAlCO NO 1161 OF 1987 PRODUCED C' BARROW V MINUTES 07 MEETING OF DIRECTORS OF NO 1148 AUSTRALIAN l3LU ASBcSTOS UTZl Hold at 1 O'Connell Street, Sydney, 11 a*a,, Tuesday, 3rd September, 1?46* Present: Messrs* C.W.R. Powell (Chairman), G.N.Worledge end W.J* Baird* Minutest The Minutes of the previous meeting wore read, confirmed and signed* Annual Meeting; It was reported that no reply bad yet been received from tbe Federal Treasurer regarding the Company's application for permission to - , increase its capital* It wss resolved, subject to tbe consent to.the proposed Increase being received within the next few days, that the Annual General Meeting of the Company should ' be held at 1 O'Connell Street, Sydney, at 10*30 a*m* on Tuesday, 15th October, 1946. Increaaft of Capital: Subject to the aforesaid consent being ~~ recafvHd it was resolved that the following Resolution be placed on the Agenda for the Annual General Meeting, as a Special Resolution. / jb That the oapital of the Company be increased to 400,000 by the creation of 200,000 ordinary shares of 1 each, aud that auoh shores be ihsuod at such timea and to such persona upon such terms and conditions and with such rights and privileges as the Directors shall from time to time determine but subject in all respects to the Articles of Association of the Company* Capital Expenditure: Capital Expenditure Form No. 1, purchase r 4, of sundry plant and equipment, 13,050, was appro CHAIRMAN. i^/aH i? kkODUCED in matter of HEYS V. MIDALCO NO U61 OF 1987 KIMUTES OV MEETING or PRODUCED IN MAT BARROW V. MIDA NO 1148 OF IS* DIRECTORS Of AUSTRALIAN BLUE ASBESTOS LIMITED Held at 1 O'Connell Street, Sydney, at 10-30 on Tuesday, 17th September, 1946. Present: "liessrs. C.h'.R. Pov/eil (Chairman), G.K, Y.'orledge J.A. Elmelie and W*J* Baird* Conflraaticm of Minutes; The Minutes of the previous Meeting were read, confirmed and signed* Increase of Capital: It was reported that the federal Treasurer's oonsent to an increase in the ccmpeny'8 capital to 400,000 had been reoeived* Annual Meeting: __ t that the Secretary had been instructed to circulate notioes of the Annual Meeting, to be held at l O'Connell Street, Sydney at 10-30 a.m. on Tuesday, 13th October, i Appointment of Alternate Director: A notice, dated 17th September, 194b, from J-"* C,y,',R, Powoii, nominating lir. H*E* Breekcpea as hlo alternate Director, was read* Resolved: That approval be and is hereby given to the appointment by Mr. C.tt.n. Powell of Ur. JUS. Dreeksyear as his alternate Director in pursuance of Article o4 of the Company's Articles or Association. Produced in AVtsttoo Personal Injury Casss: and copied to Ricnaru F. Scruggs CHAIRMAN KROD'JCCD IN MATTER OF HYS V. MIDALCO no M6i of 1987 am:: Ajr:ar,:; limit HlaUee of Fourth General Meeting of dfaaronolders bald M 1 0*Cotuill Stroot, Sydney, on Tuaetey, 15th Qctobor, 134b* a* 10*30 Mr* 0* V* R. Powell In the Chair. Ghalrnaa enounced that ho hold proxies frai fto Colonial fta^r Refining Coopery United, .'Soesre. J*L. Turker, S,K,T. l^Ttao, X.J.?. Nunn, 2*A.JU art*** and v^, Delrd. Cr**r*ry Baalnoeat Mr. O.JJ. vorledge* for the SoerotW* read the Rotioe covoalag the Meeting. the Chelnew declared the Meeting dnly constituted. Balance Sheet ead Profit end loss Account <uid Auditors* laportt "With the ooaeeet aths Meeting, thesedoosmeuts wee* token ae m4 and the Ofaalma addreeeed the Meeting la the following - tenet* Boring the tear ended J0/b/d6, 382 toae of asbestoswere produced, the peroentage of each grade being apprad* satelyt* let grade ... 2nd gede ... 3rd grade ... 81,1 the yield of aebeetoe to total rock elaed wu 2,095* where** at the end of laat financial rear it had rleaa to 3*35 and the lew yield thle pear la therefore disappointing. hotmi generally daring the rr faae been wary die* appointing, the average production being only 7*4 toae per woo*. thle low protection ao caused to a large extent fcy the breakage of the cranlcehoft of our *la engine at Vltteaoae in faaarr last, and thle aoddest put to* all! out of fro* Auction for approxliatclr 5 eonthe. During thin 3 aontha, alalag waa oontimed but at a redoeed rate and at coot, vith re^rd to proepeete for the eodag year, the yield ha* a^ia risen to 3*12* and it le hoped that, it eaa be al& talned. St le eonaldered that protection throughout the year should be about 3 tone per week, but at tM* output tho alll will operate at a large loea and met ooatljne to do so until protection le Increased to at loaet 60 torn per week. It is not anticipated that a protection of 60 tone per wee* will be filbert for 2 years. ftzrlng the year, sales of blS short tone af fibre for 24,611 were eade, WiUet stocks of fibre fleer**ead fro 12,090 at start to 6,2bti at close. Capltei paid up to 30/6/^6 m 190,000, the value (at eoet) of plant at vitteaoem, which le the property of and on hire fron he Colonial Sugar Refining Coepaay limited, being 45*681. Sundry Creditor* totalled 19,128 of whleh 16,668 was owing to The Colonial 9a&r Refining Oo.Ltd. Mine Development loooont, after writing off Depreciation, stood at 53.496 at 30/6/46 as atfrtast 37*742 at 30/6/45* laereaae of 15*754* produced if1 As.::,"Personal Injury Cases: A--.: .srf -.no crcisd to P`Chare - - 1 PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 II IlMIII I" riT'>:W*..-` rmmm produced in matter of barrow V. MIDALCO NO 1148 OF 1987 test for tbs 7ms 27*537 after writing off d(rjroclofciaa *5*460. Ossh la band at 30/p/db onooitted to /2,255, Ovia>; to short* ago of fends sod ths c*o<*slty for fnrthsr espoa&ltars to ploco the alas oe s profit oofclae tests aa application to tbs fodsrsl Tnacorvr to laorssos war aoalml capital by f2e?300 U ca&tsn* platsd la tbs soar fatars. Aosraes soiling prlos f.o.b. fr--ntls for tbs ysar ms low st *33.15.0 psr short toe, bit It Is satlolpotsd that ovtc^ to s laemu lstsly la tbs cwsrstas prlss, togsthsr with ls sr--ssd XsmI tantst bl^er ?rlos* tte tfusci tor tbs -----' 7ssr>lll te any ante higher. Tt Is also hoptd wot to otelt a Totetlw la tto shipping frsiefat nW sa Ate* tetvssa Mat tastos aad TTsMntla. Shipping 1stmoss thoos two ports taring tte last yssr has toon trtnwly ted sad tbsrs assss to te llttls prospoet of somrlac sdsqoals spsos is tha soar fatvs Hjms tbs poor sadsd et J0th Jons, w teas dlsoossod oar problsns sad plans for tbs fatoro vltb tbs W*A% Oorssxmt sad bars boon aosursd of all tbo support sad asststaaas wltbla ibslr jiMBI sad prortdsd tbo naossssry additional sspttsl is wit--iiltul. as look forstd ts a grossly lajwwt posltlsa bote as rsQords prodostlaa sad aiksUac of oar fiters taring tbs pass.* Oa tbs aotlsa of tbs Chain*a. swnnsflsl by Rr. 8JL. Snails* Us Bslawss ftsat aS Profit sad lass Iserjoia as adopted. glscils* of Masctorsi it was propossd by Rr JA* Palls, ssonsdsO br Rr. O.I. Yerlsdgs* sad carried* that Kmrs* tarsi ArefeltalA tayoosd fright sad vallsss fnsss-galrt. te Ts-slscSsd as Directors sf ths Ooapsar for a fortbsr tsra as prorldsd by tbs Artlolss of dssooiatioD* Usatloa of Aadltorsi It mo props sod by Mr* Q7 forlodfls. sad aosandad ty dr* IA* Pimlls, tbst Messrs. Osrry nd terry te tsappoirtsd ss Aodlt of tbs Oospsay for tbs ysor sediag 30te Joac lot, alib a tms sf s bated gnlnsas. tpsdsl t* f&s nrnliMii proposed. as a BpoQial totals!lost* i ~ C5 a c* t- ,nr/i w -c -Q-Q .5 oc t? o g*.g #o lb o tot tbs ospltal sf tbs Conpaay ha laorssssd ts four toad rod tbooMad poosds (400*000) hr tbs srMtloa of two bupdrsd thnriMnil (200*000) Qrdlmxy harts of oas peaad (A) aah and that sash shorts te issMd at sate tints aad to oodb parsons* aye* sash Uni a&d conditions aad with sute rliia aad privileges as tbo Directors shall fron tins to tins dstsrsdas* tel subject la oil rssysots to ths Artlolos of Association of tbo Oonpugr*. This Special tosolutlCA ms soeodsd hr Hr* A* Unslie sad dsolsmd by tbs Cfaalmsa to te carried nasalasosly* fbs misTissn than dsolsrsd tbs ttectlsa olossd* ad in Asbestos Psrfor-aV jwec-.Abrar.oj to Richard F------ Cfcatrssa* i PRODUCED IN MATTER OF HEYS V. MiDAlCO NO 1161 OF 1987 fafanfcne rtf Tink AmA art \ ( ot in. p m. PRODUCED IN MATTER OF HARROW V M1DALCO NO 1148 Of 1987 wu - 1V7* SM AftttMi --wommU tM fat MU imxIm ftt M tlatial HM KnflMii fliiiflf IMMf favfl, l,\ MNfi V1*T* faffat. HT ,v. fa9f*M*o, for tfat HmHtr, fH* ft* MUi --tttug the ***<*. Tlw Gvtjero* totlorol %M Weellnf MOy H>Hfafait art wm .PtrrtjBU fatfai tfco > umU of fee Moc4tact fetot lNnti *ti Mm 0* w e>lri Us MHa( la AM fellovtof fanai*- "TtM 1**ii for tfat Mi 4irWflMlCTI 7*V /[r*~ Tn MU1 V/^T" 'l/ fflT Mm fMT flA-t- Af*IM 01 w /r^nj. *"5 after o% of fUyaMl tff fa fafa, i 1917* M favtan IV 1 (fWHA IT fawo TM jrlft'4 of Aifarfat fat yitctfail * t+Jlf OMfartoo* rltfa r.^ Y-.r tv .jo eel000 rnrv 9M WHifii nfa for tt jvr vat Tovar tt wtUfatifa tat fa tMfafa of liljftf *nt r't'AWrti <axl aloe Vommo tfa mm 1m fa Hlfao l**rj*r**tt oe^--at fa tuarliMH MMrtnoo* Mtaet fir Dt iwtiH ftt at n jaeoiotot at W* V4f%i Are now faero%S<v is the Htao on* aM Mrtra otfalMMod kM faM Tfa of ear firjfwMea mm ooTi oof enoolrioo far lew# orv*MMe of Wte Fibre mw mwint fm Mfi>M bt ve vmm wK-TtreMtety eel In e yeettten %o oorr^y* fa fwiwy Uafa iffaiwfa tut atwit tat* vtfa fatfar1 iflti * Tft, aA JUfaitM fayfaiti Nf* 1U, far the woufty of five to tv, ever n r*rW of flea yeere* fa testator lat fee TMf.rrt Afalfat of fee Immm mm Uariniil free i?w,w fa Afloat y Mm iftlw m soo*oot irtUmy eVr*t of ft fah AM jadf m Mplfal of Mm faepar % ;*** 1V7 betec *27%<X*# The eivrMtag lee* dorian tfa year Mwi--let W 99 yea *o fltr* j n < >et end 1% vt*1 nt bo yeewlble to rNb % /0/v^nT^>teMo Wfa Mttt 0 -v ^ee Mile ta>tv beery onpttel entley It ottotoed W... eetUo M vr^'Tient ood no oeeo&dfOoHlo delay will * * iJ-Mv*iv ef tbe neee^wry pined r.x PT * > tN MATTER r * V. MIDALCO ^ 1161 OF 198'. PRODUCED IN MATTtn ur BARROW V. MIDALCO NO 1148 OF 1987 tod r*-t Anrtoal ion to Mriat la "V.UiViw;: In fw *c t# Miftniii ladnrtry In anefe * U % and nlao to fWitl-vj n fttoidjr n i i.ii i tha lawtoTnwUl T+~r la rotor to rlt* am wourttr to to* 1am anil *f Aitl.tllml whSeh mt bo larootad baforo tto indostir ana oetoMlthm. Urtl tba ronwlt ha** raft*** aaS tha Ooivpin^ -rill Vwafnii tora to :wr,r th* '7V nf tb* financial rlo* la ntt--nils? to aatabUA ha S'*# Anha*t*o ln&ip*ry on temaatt toalt. It# ffosnr*Jl ton* torond* toanr to yrorKU fcmalftr at dt^'W wW tha stMao Arabv Gnanlaotan nd to grant op-mor**! nm to and ant #f tlttaaana iditab to total rwy n*m\* to ?.V* ?rr ton of fl>t nrcxhitod. tod* wi`a.1 nrt la to to rartoad fta .fan* 1*49, Tto Cm^v<y it iHynowdtwg vNt ^lan* to ptwalda dll tolldinra ottor tttm Iww at VIttoons t -etarf lnjc dtoraa, Otaam ad tn ator to brtn* and rrleo* Into aflaaar rafmttr attil rirmtt *rtr`!t jna**a far ftbra, tto Oaaeaay la lytn* to tto rrie*t .wrjl*i'**wrr far an lwra^n la too *oilla* prieao.* On ho aotlofi of tto totito traotoad to to, *111#* tto toloaao nn<t Profit w* Into Amman v*a ataatad. Tl<v*irm trf IHtoatnror tt *m roronnd to to. ejf, Wnn*d*, ooaoodod to to. .4. **'* 1*. and nrrMc thad Roaoro, Sraaat AraMtold toyaart toir*t awl *** Tnnao toltd to ratolaa*ad aa Hrtot> at tto ?> "Vr;r fr r 'iTth-T <on at rorrldrl to tto Arttalaa af A--^^.nt.Vrm. r* aotlm'. _*f. todltfpjt It -.-to -rrpooad >r to. &.*. tonadr*, aad aovradaft to to. /JL. RlnaMo, tbnt to--m. Itoriy and Wnnr to to o**tatod aa A*jrtlVro af tha Cnmimr for tha jr*r andln* ^th fana mart. *t a foa mtoaily wid s fha <Jto.tr*wsi thar* *an**rat tho iy* gl.noto. Produced in Asbestos Personal injury Cases: Ab^3';*l*r,J copied to Richard K fcCiusgs 53 ttnrnrzs or m&etino of directors or AngpBAT.TiH BLn* asbestos limited Hold at 1 O'Connell Street, Sydney, at 10*30 a*m* on Tuesday, 21st January, 19*7* Present! Messrs* C.Y*R* Powell (Chairmen), 0*H* Worledge, and J*A* SlflBlle* Confirmation of Mlhutes! The Minutes of the previous Meeting were read, confirmed and signed* Monthly Report!, The report of the Manager for the month of Deemster was tabled* Taene of Capital! It was resolved that a further Issue of capital be made to the extent of fifty thousand (30,000) ordinary shares of one pound (1) each to be numbered 230,001 / to 300,000 inclusive payable one shilling (ls*0d*) 1 per share on application one shilling (ls*0d*) per share on allotment and the balanee in calls of such amounts and to be made at such times as the Dlreotors ay decide; also that the whole of such shares be offered to The Colonial Sugar Refining Company Limited for sub script ion by that Company* Genital Exnendltnrei The following items of capital expenditure were oonflmed:- Pom 2, for Sorsper alterations and Store Building and Preeser * 3, for Hells, Switohes, Sleepers, etc. * 4, for Staff Bouse 6-2 men huts Offios alterations " 3, for Dlsssl Locomotive " 6, Completion of Settlement Store) Construction of Loop Road ) Rail, Points and Sleepers ) * 7, Additional Water Storage 883 2,000 1,843 1,300 *3,365 170 The following oapital expenditure was approved: - 744 Pom 8, Purchase of one Caterpillar D7 tractor complete with faydraulie operated bulldoser 3,000 * 9, Purchase of 13 drums ; 278) 10 bottom dumping trucks 2,303) Office end store at mine *40) *5. *83 of DIRECTORS OF APStmiAN BLtJS ASBESTOS LIMITS!). Hold At I O'Conntil street, Sydney, at 10.30 a.a. on Tuesday, 18th February, 1947. Pfiiati Messrs* S.E. Breakspear (at *ltemata Director to nr* C*v.H.fowell - Chairman), O.S* vorledge. J.A. Gaslit ABd v.J. Baird* Confirmation of Minutest The Minutes of the previous Mooting voro read, eonflraod and tignod* Monthly Rooorti Tho report of the Manager for tho oonth of January vaa tabled* BOf Toorly Aooountst The aooounte for tho half year ended 31et Deoenber, 194b, were tabled and, having boon circulated among tho Directors present, wore agreed to bo taken aa read* laano of Cooltali Xt was resolved that fifty thousand (50,000) Ordinary / hares of the Coapany nunborod 250,001 to 300,0C0 Indue* 21st January 1947* issue of c*ytifl0at>1 re Mt MMited that share e ertlfloats Ho* 21 for fifty thousand (50*000) Ordinary shares nuabsred / 250.001 to 300,000 ineluslvs in tho mm of Tho ' Colonial Sugar RefInina H B aEIktwar with the Conpany'e seal end that Mr. H.t. areaxspear be auttaorisadto countersign such certificate. fl.r|tsi Expenditure! Tho following iteo of capital expenditure was confirosdi- yow 10 fences for Rouses at Sottlsusnt *415* The following capital expenditure was approvtdi- / for* 11 Purchase 4 - 3i- Aatouatlo ftplftw _w 800 Eloetrleiano Workshop and Bjuip- asnt Alterations and additions to *5 Drill Shop __ w 700 Crsotlon of staff house on Blook 7* CHAgWAH. 45 i/Twnrgs ft? megrim of PIRECTORS OF AUSTRALIAN BLUE AoBKSTOS LIMXXES* Held at l 0*Connell Street, Sfdnu, at 10.JO a.n* on Tuesday, l&th March, 1947* Preaent: y----- c..L-r,. (Chairman), G.H. Worledge, * J. A. Elmslie ana W.J. Baird. Confirmation of Minutes: The Minutes of tba previous Meeting were read, confined and signed. Monthly Report: The report of the Manager for the aostb of February was tabled and discussed. Capital Expenditure: The following itan of capital expenditure was confirmed:- v' form No*12 Mechanics* Workshop at Mine J97. ** following oawltol'-oxpenditure wee approved:- fora ffo.U Susdstrand Calculating Machine f 84 Roof* over Bln j?o f20* form No.14 Lathe for Workshop at Mine ?$0 CHAIRMAN of DIRECTORS 0? AOSTRALIAN BLUE ASBESTOS LIMITED, Held at 1 O'Connell Street, Sydney, at 10-30 a.m. on Tuesday, 15th April, 1?*7. Present: Messrs* C.W.R. Powell (Chairman), G.N. Worledge, u.A. Elmslie and W.J. Baird. Confirmation of Minutes: The Minutes of the previous Meeting Mere read, confirmed and signed. Monthly Report: The report of the Manager for the month of fell maty was tabled. The Chairman gave a brief outline of the position at the Mine end of the negotiations between the Company and the Commonwealth Government. Call on Shares: It was resolved that a call of 2/- per share he made , on 30*000 ordinary shares of the Company, numbered f 250,001-300,000 inclusive, making such shares paid up to A/9* each, and that such call be due and payable immediately to the Secretary at the registered office of the Company. CffAlRMAK. \ \ 4? 57 fl HiauT** !-nnnn of DIRZCT0F5 0? uSTP^LI.Ui HLUS A."3S.~T0S LIMITED '!old <>t 1 0fCouaeLi Street, Sydney, at 10 a.s. on Tuesday, tOthUny, 19*7* Fpeaeat: *e?or. ?.~.S. retell (Ch*iT"v*n), G.n. Worledee, and t. '. Flw"' 1 *. Confirmation of minute?* The V.lnutes of the praylous Kostins; were re?d, oocflinafl .?nd .*l*ned. Monthly ?;ariort: The report of the l#*n*er fop the irocth of April was tabled. Cnll oa 3tare: It vraa resoi7ed that u c-ui.1 cf 2/- per share be nade on 50,000 ordinary shares of the Company, , numbered ,o JO-,)'0 incLusire, ~esing 1 ouch share* piid up to 6/- eeh, sod that soch 0611 be uue nod payable ijcaedifcteiy to the Secretary at the registered orrice of the Company. Cedited Ix^ecdlturc: The following item of oanftwi expenditure . was confiiroed : ' Form Mo. 15* iontalintiorj of addition*! crushing, polls - 570* CflAlJK/05 Held at 1 O'Coonall Street, Sydney, at 10*00 a.a. on Tuesday, 17th June, 1947. Present: Messrs. C.Vi.B. Powell (Chairman), C.N. tforledge, and J.A. ilmslie. Confirmation of Minutes: The Hinutea or the previous Heating ware read, confirmed and signed. Monthly Retort: The report of the Han&ger for the month of Uay was tabled. Call on Shares: It was resolved that a cell of a/- per share be - made on 50,000 ordinary snares of the Company, 1 numbered 250,001 to 300,000 Inclusive, making such ' shares paid up to 8/* each, and that such call be due and payable immediately to the Secretary at the registered office of the company. Capital Expenditure: . The following items of the Capital Expenditure J were oonfIrmed; Form lio. 16: Purchase of Huston Engine and Alternator of 540 h.p.t 8,120 Ersotion of-First Aid Room, 165 Total 8,285 CRMRfcAlI 59 imrym or mnitt of AUSTRALIA!? BLOB ;t3BMJQ9 ^TMTTTtP Hold at 1 O'Connell Street, Sydney, at 10.90 a.m. on Tucedi 15th July. 1947. Present t Mtitn. C.W.H. Powell (Chairman), O.H. Worledgs, w.y. Baird and ?.A. Slmslle. Confirmation Of Mlnutca: Minutes of tlxa previous mooting war* read* confined and signed. Monthly Report: The report of the Manager for the month of June was tabled. The Chairman informed the seating that negotiations between the Cononwealth Govern sent and the Western Australian Government were still proceeding, also that advioes from the Mias Indicated that the quality of the ore is lower than anticipated. Gall on Shares: It was resolved that a call of 4/- per share be / made on the 90.000 ordinary shares of the Company i r* pairing sQflfa wn*re paid up to IS/* eaeh and that such oall be due and payable immediately to the Secret at the registered offloe of the Company. Capital expenditure: ' The following Item of Capital expenditure was I confirmed: Form Ho. 18. Purchase of Ho. 5 Diamond Drill 918. ij of DIRECTORS OF AUj^Al-iA-i iuZ LI^Z?D Meld at 1 o^or.aeit otreat, iyuna/, at la.50 b.a. on Tuesday, 19tb August, 1947. Present: Messrs. C.rf.fi. Powell {Chelnstu), l*.i4iorledge, *.J. Celrd and J.A.El&slie. C-v^'lrcatlcn of 1, i nut ess. Mlr.utce or toe previous .aeetia^ were read, coxiliraed and signed* Monthly Report: Tee report of the Manager for the nc;.th of ?uly was tabled. Cell .i_Sharea* It v.ea resolved that, a call 2/* per share he s-tdt; -t the 50,000 ordinary shares ct the / Company numbered 250,001 to 500,000 Inclusive, ' malcica sue* stares paid up tc 14/- ^ach aad the Coarany* bl MINUTES Off Inr^TTWG of DIRECTORS Of AUSTRALIAN BLUB ASBESTOS LTirr'HTTi Held at X O'Connell Street* Sydney, at 10*20 a.m* on Tuesday, 16th. September, 194-7. Present: Messrs. C.N.R. Powell (Chairman), G.N* Worledge, V.J. Baird and J.A. Elmslle.- Confirmation of Minutes: The minutes of the previous meeting were read, confirmed and signed. Monthly Report: The report of the Manager for the month of August was tabled. Call on Shares: It was resolved that a call of 4/- per share be ; made on the 50,000 ordinary shares of the Company, / numbered 250,001 to 500,000 inclusive, making suoh shares paid up to 18/- each and that such call be due and payable immediately to the Secretary at the registered office of the Company. Annual General Meeting: It was resolved that the Annual General Meeting of Shareholders of the Company be held at 1 0*Connell Street, Sydney, at 10*50 a.m. Tuesday, 14th October, I947, and that the Seoretsry be instructed to send Motice in the sub-joined form to shareholders entitled to receive the same* NOTICE IS HEREBY GIVEN that the Ordinary General Meeting of Australian Blue Asbestos Limited will be held at 1 O'Connell Street, Sydney, in the State of New South Vales, on Tuesday the 14th October, 1947, at 10*50 o'clock in the morning. BUSINESS. (1) To receive the Balance Sheet, Profit and Loss Account, and the reports of the Directors and Auditors for the year ended 50th June, I947. (2) To elect two Directors in the places of Ernest Archibald Maynard Vright and Wallace James Baird, who retire in accordance with the Artioles of Association and, being eligibly offer themselves for re-eleotlon. f 7^ T on -- -- J *- r i -- * ' - 61 2. Capital Expenditure: The folio-wing items of Capital Expenditure were confirmed: Form No. 17. j Installation of Titrating screen &5* Form No. 19. Purchase of one International Utility 6jQ. of DIRECTORS 0? AUST^*I-fAN BLCT ASRTSTPS LIMITM?. Held at 1 o9Conaell Street, Sydney, at 10 a.m* oa Tuesday, 14th October, 194?. Present: Messrs. C.W.B* Powell (Chairman), G.H. toriedge, f.J. Saird end J.A. Hmslit* Confirmation of Minutes: The Minute* of the previous Meeting were read, confirmed and signed. Annual Accounts: The Balance Sheet and Profit and Loss Account for year ended 30th June, 1947, was tabled and Messrs. C.H.E. Powell and G.H* worledge were authorised to sign the Balance Sheet on behalf of the Board* The Chairman9# addreea to be delivered to the shareholders In General Meeting waa approved. Call on Shares: It waa resolved that a call of 2/- per share be made oa ths 50.000 ordinary shares of the Company numbered 250,001 to 300,000, inclusive, making J such shares fully paid up to on# pound each and ' that sush call be due and payable imaodlately to the Secretary at the registered office of the Company* Issue of Capital: It waa resolved that a further issue of eapital bo made to the extent of 100,000 ordinary shares . of one pound (1) each to* be numbered 300.001 to 400,000 inclusive, payable one shilling (i/-) per . share on application, 1/- per there oa allotment / and the balance in calls of such amounts and to ' bo made at suoh times as the Directors may decide: also that the whole of such shares be offered to The Colonial 8ugar Defining Co* Ltd* for subscription by that Company* Ths following Item of capital expenditure was ^ confirmed: teas Bo* 20 1 Clnevox Exhibitor* dual projector complete with aeceesortee aad spares 594* Statement showing plant oa hire from Ths Colonial , Sugar Befitting Company Limited, to a total value ' of 63,3&0, was tabled* Chalnum* 4 MINUTES OF MEETING Of DIRECTORS 0? AUSTRALIA! BLUE AaZSTOS LIMITED. Eeld at 1 O'Connell Street, Sydney, at 10 a*m. on Tuesday, 18th November, 19*7* Present: Messrs* C.iV.R* Powell (Chairman), 0*N. Worledge, a.J. Baird and J.A. Zlmslle* Confirmation of Mlnutaa: The Minutes of the previous Meeting were read, confirmed and signed* Monthly Report: The report of the Manager for the month of Ootober was tabled* tillotaeat of Shares: It was resolved 100,000 ordinary shares of 1 each numbered 300,001 to 400,000 inclusive, be allotted / to The Colonial Sugar Refining Company ltd* in terms of that Company's application, and that 1/- per share be parable as allotment fees on sueh shares* Call cm shares; It was resolved that a call of 4/- per share be made on the 100,000 ordinary shares of the / Company, numbered 300,001 to 400,000 Inclusive, making sueh shares paid up to 6/- each, and that suoh call be due and payable immediately to the Secretary, at the registered office of the Company Capital Expenditure; The following itmns of Capital Expenditure were oonflraed* Form Ho* 21 Office alterations* 126 , Fora Ho*22 Temporary mess room 675 if' Form Ho* 23 alterations to Waste Bln, Installation of additional Cyclone Separator and improved Sucker at Ho3 Screen 163 Form Ho* 24 Completing Superintendents &ouse - T empire Renovating Cottage for Storekeeper/Tlmakeeper Yampire 760, of DIHKCTORS GW ATTSTOILTAW BTJTg ASBSSTCS LTMTTga Held at 1 0Conasll Street, Sydney, at 10 a.m. oa Tuesday, 16th Deoenber, 1947. Present* Messrs. C.ft.E. Powell (Chairman), G.S. './orlsdgs, W.J. Baird aad J.A. Slnslle. Confiniato^^aMljagtaB^ The Ulmtaa of the previous Meeting were raadt confirmed aad signed. Monthly Resort* Tha report of the Manager for the month of Hoveaber was tabled. Tew of Share Certificate t It wee resolved that Share Certificate Bo* 22 for oaa hundred thensand (100*000) ordinary shares umbered 500,001 to 400,000 Inclusive \ la the nans of ns Colonial Sugar defining ecstasy Halted be sealed with the Company's Seal and that Mr* H.X. Brealcspear be aathorlsed to oountsrslgn sueh Certificate. Capital Expenditure* The following items of Capital Expenditure sere confirmed. Taxm MS* 27 3 dosed (Juru c&aeela) iadh to carry 28 passengers. 4,500 fora Ho. 28 1 - 600 e.f.m. Compressor - 500 e.f.m. " 2,450 2,400 form Ho. 29 1 Boles Badlal Saw 1 Bolax Planer 80 50 fora Bo. 50 1 Pedal Badio 50 yon Ho. 31 1-5 ton tip truelc 800 CgAIRlUH. J _0> IN MATTER OF HtVSV MIDALCO NO U61 Of 1987 UTHOTES 07 VKTTLKG ------------- ~ -- ' ' 0f rr.OLU'.i.or.f--. BAKi<OlV V f4.. NO 1148 OF ; DIRECTORS 07 A0STRALIA1T BLDE ASBESTOS LnTTTttft Held at 1 O'Connell Street, Sydney, at 10*50 a*o* on Tuesday, 21ct January, 19*7* Present: Messrs* C*W*R* Powell (Chairman), G*N* Worlsdge, at J.A. SlAslie* Conftraetlon_p.f-Minutes: The Minutes of the previous Meeting were reod, confirmed and signed. Monthly Report: ` The report of the Manager for the month of Decent er was tabled* Tbtoi of Coital; It was resolved that a further Issue of oapital he made to the extent of fifty thousand (50,000) ordine shares of one pound (1) each to bo numbered 250,001 I to 300,000 Inclusive payable one shilling (lo.Od,) 1 per share on application one shilling (ls.Od.) per share on allotment and the balanoa in calls of such amounts and to he made at suob times as the Dlroetor may decide; also that the whole of such shares be offered to The Colonial Sugar Refining Company Licit for subscription by that Company* Capital. Expenditure: The following items of capital expenditure were confirmed:- Form 2, for Scraper alterations and Store Building end freezer 3 for Ralls, Switches, Sleepers, etc* A, for 8toff House } 6-2 msn huts 1 Office alterations) 5, for Diesel Looosotlv* 6, Completion of Settlement Store) Construction of Loop Road j Rail, Polnta and Sleepors ) 7. Additional Water Storage 885 2,000 1,845 1,500 <3,365 170 The following oapital expenditure was approved Porm 8, Purchase of one Caterpillar. D7 / tractor complete with.hydraulic operated bulldozer 9, Purchase of 15 drums 278 10 bottom dumping trucks \ 2,305 Office and store at mine 340 Staff Quarters 2,4$0 1 } 5,000 *5,J8> Petsot'a' JW CH IKUAK, PRODUCED IN MATTER OF HEYS V. MIDAICO .MIKUTSS of vramis NO 1161 OF 1987 Of directors or apstraliak pure c r.F o NO U48 OF I9g: limited. Hold at 1 O'Connell Street, Sydney, at 10.% a.o. on Tuesday, 18th February, 1947. Present; r*S8n*i H`f; Br5Skfpe,,p; (a* ltrn*ta Director to Hr. "an)`0-"- <<ortBas. j *. n-.n. Conflraatlon'of Mlnutaa; iiZm&'&ss: prertou8 Keetin< ~4- <*- Monthly Report; uElJS.0f th8 for <>> of January ' ^*lf-Yearly Account^; ?r-the h,lf yeap end0<1 31at December, thf niS!rJ tablefl an<5 having boon circulated among read?1 t0r* pr#0ent* were affreofi to be taken aa lasue of Capital; " ^solved th,t 1*^ thousand (50.000) Ordinary ?t?" *. lneluo- Limited in terms of that Company's application datea 21et January 1947* Issue of Share Certificate; It vas readyed that share 0ertlfloats Ho. 21 for fifty thousand (50,000) Ordinary shares numbered / 250,001 to 300,000 inclusive in the name of The ; Colonial Sugar Refining Company United be sealed vith the Company* seal and that Mr. H.E. Breakspear be author!ced to countersign such certificate. Canltal Expenditure: The following iteo of capital expenditure vae confirmed;- Form 10 Fenoee for Housee atSettlement 415* The following capital expenditure wae approved;- Form 11 Purchase 4 - 3$*Automatic j Drifters 800 aectrlciane VorVohep and Equip ment 250 Alterations and additions to Drill Shop Ereotlon of staff house on Blook 700 7. . personal ofAduce*10 *Z5S ^ad fe^J^-scW Oop\eo vo 0 PRODUCED IN MATTER OF HEYS V. MIDALCO NO U610F1987 kINUTKS 0? liKETIWO PRODUCED IN MATTER ( barrow v midalcc NO IMS OF 19B7 of DIRECTORS Of AUSTRALIAN BLU& ASBESTOS LIMITED* field at 1 O'Connell Street, Sydney, nt 10*JO a.m. on Tueedey, l&th March, 1947* Present: 'lac.'*- c.*:-n. (Chaiman), C.N. Worledge, ~ ~J.A. Elaalie end K.J..Baird. - Cooflmntlon of Minutes: The Minutes of the previous Meeting were road, oonflxaed end signed. Monthly Report: Tbe report of the Manager for the north of February wee tabled and discussed. Capital Expenditure: The following item of capital expenditure woe eonfinnod:- (/ . Tom Ho.12 Mechanics* Workshop at Ulse fJ9 7 roi.io-.Lbg opltel-.xpenditure was approved:- Tom Ko.lJ Tom No*14 Sundetrand Calculating Machine Roofo over Bln Lathe for Workshop at Mine f 8* i?c tZO* 950 CHAlKKAft. Produced in Ar-^clos Personef Injuryj.-soe*: Acorns oaa snd copied to H;chard F. Scruggs ...JuwCED IN MATTER OF MINUTES OF MEETING KEYS V. MIDALCO NO 116] OF 1987 of PRODUCED IN MAT; . BARROW V. M1DA no do of m DIRECTORS 0? AUSTRALIAN BLUE ASBESTOS UKITKI). /old at l O'Connell Street, Sydney, at 10-J0 e.m. on Tuesday, l>th April, 19*1* Present: Messrs. C.W.R. Powell (Chairman), G.N. Worledge, J.A. Elsslle and W.J. Baird. Confirmation of Minutes: The Minutes of .the previous Meeting were read, confined and signed. Monthly Report: The report of the Manager for the month of Ptbinraiy was tabled. The Cholrson gave e brief outline of the position at the Mine end of the negotiatione between the Company and the Commonwealth Government. Call on Shares: It wee resolved that a call of 2/- per share be made - on 50,000 ordinary shares of the Company, numbered 250,001->00,000 inolueive, maxing such shares paid up to 4/~ eaoh, and that such call be due and payable Immediately to tho Secretary at the registered office of the Company. c CHAIRMAN. Produced in Asbestos Personal rases*. Abrams >s3d and i * , ; 1 .V;*J l* .. .V* * ffiODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 .. ; UIHUTSS OP JjRTlSf) Of fi ft f PRODUCED IN MATTER OF BARROW V. MIDALCO NO 1148 OF 1987 V EEEECTOHS OF AUSTRALIAN BLUE ASBESTOS T.TUITED Sold at .1 d*Couoei.l Street, Sydney, at 10 e.c. on Tuesday, EOthlioy, 1?47* Present Messrs.*C.T.R. Powell (Ctwlraan), G.J1. tforledge, : and J*7.* fissile. . Conflraation of Minutes* The Minutes of the previous Ueeting were reed, confined end signed. ; Monthly Reoort: .r ' -r" The report of the Manager for the month of April was tabled* S' Call oo Shares; It was xeocl7ed that a call of 2/- por cbsre"****' be sado on 50,000 ordinary 'ehereo of the Coopeny ] numbered 250,001 to 50C.J0C0 inclusive, making ; * suoh shares paid up to 6/- ouch, and tbut auoh--' oall be due and payable iaaediatoly to the Secretary at the rogleterod ofl'ioe of the Caaphe Caplttd Expenditure: ,* ^ 7" The following item of capital expenditure \ was eonfined ; \ Porn Ho* 15, installntlon of addition*!, orushine rolls - 2570. -oascedin AsbrstosPersoji-- injury Cases: *-,ia copied 10 Rionard r. CIUTRKAK. s \ PRODUCED IN MATTER HEVS V. midalco NO 116] OF 1987 0? MESTINO Of - DIRECTORS OF AUSTRALIA# BLUE ASBESTOS LIMITED. PRODUCED IN MATH BARROW V. MlDAl NO 1148 OF 1987 Held at I O'Connell Street. Sydney, at 10*00 a.a, on Tuesday. 17th June, 1947. Present: Messrs. C.W.R. Powell (Chairman), G.ll. frorledge, and J.A. hlmslio. Confirmation of Minutest The minutes of the previous Meeting were read, confirmed and signed. Monthly Report: The report of the Manager for the month of May was tabled* * Call on Shared It was resolved that a call of 2/* per share be - made on 50,000 ordinary shares of the Company, Cl numbered 250,001 to 300,000 Inclusive, making such / chares paid up to e/- each, and that such all be due and payable immediately to the Secretary at the registered office of the Company. . Capital Expenditure: , The following Items of the Capital Expenditure / were confiraedj Form Ho. 16: Purchase of Ruoton Engine and Alternator of 540 h.p., 8,120 Ereotion of Firot Aid Hoorn, iqs Total 8,285 CHAIRMAN. -1 - JED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 imnrrRS op icmuro NO AUSTRALIAN BHJK ASBgSTOS T.TMTrgn Held at 1 O'Connell Street, Sydney, at 10.90 a.m, on Tuts 15th July, 1947. 'Present! ,* Messrs* C.W.R. Powell (Chairman), C.N. Worlsdge W*J. Baird and finalle. Confirmation of Minutes: Minute* of ths previous meeting were read, oonflrmsd and signed* Monthly Resortt The report of the Manager for the month of Juzu was tabled. The Chairman Informed the meeting that negotiations between the Conaonwealth Gover sent and the Western 'matrall&a Government were still prooeoding, also that advices from the Mis indloated that the quality of the ore Is lower than anticipated. Call on Shares: It was resolved that a oall of 4/* per share be mads on the 50,000 ordinary shares of the Compaa; mirphftTg* ggft-fp*- IrinliiniTn. aofcing Booh *Hars puid up to 12/- o&oh and that euoh oall be due and p&yablo Immediately to the Seortt at the registered offloe of the Company. Capital gmendlturet The following Item of Capitol toenditure was confirmed: Tora Ro. 18. Purchase of No. 5 diamond Drill 325 CHAHHAN \ I'^OLwCED in matter or HEYS V. MIDALCO NO 1161 OF 1987 MTWT* ygETI*3 Of PHODUCED IN MAT BARROW V MID/ NO 1148 OF IS DITiXCTORS OF A03TTJILIAM '-uUE#ASIW^'S LI^I?vp Held at 1 O'Cor.acil Street, &yd&G/, at 10*20 a.a. on Tuesday, 19tu August, 19*7* Present? Messrs, C.ff.H. Powell (Chairmen), C.H.worledgs, *.J. Baird and J.A.El'telie* CoTif'lrEntlor, of Minutes; Klnuteo 01 the previous meeting wero read, confirmed and signed* Monthly Report: The report of the Manager for the month of July wee tabled* c Cell r.r Shares: It wee roooleed that, e cell cf 2/- per share bo *4c re the 0,000 ordinary rherea of the / Company numbered ?0,001 to 500,000 inclusive, ' maiclrs such share.* paid up tc 14/- each and that^nM,i~ imr* tt*")- Imnih to the Secretary et./'tho regirtertd office of the Corr&y. Produced in a Phonal Injury f -\r?r.s v?id and copied to Hjcnsui r Scrjggs rtvJl .CED IN MATTER OF HEYS V. MIDALCO NO 1)61 OF 1987 MINUTES OF MEETING Of PRODUCED IN MATTEr BARROW V M1DALC NO 1)48 OF 1987 DIRECTORS OF AUSTRALIAN BLUE ASBESTOS. LTIjlTTn Held at 1 O1Connell Street, Sydney* at 10*30 a.m. on Tuesday, 16th September, 19**? Present: Messrs* C.W.R. Powell {Chairman), C.N. Worledge, W*J* Baird and J*A* Elaslie. Confirmation of Minutes: The minutes of tbs previous meeting were read, conTimed and signed* Monthly Report: The report of the Manager for the month of August was tabled* Call on Shares: -~ - -......... Zt was resolved that a call of 4/- per share be < made on the 50,000 ordinary shares of the Company, / numbered 250,001 to 300,000 inclusive, making such shares paid up to 18/- each and that such call be due and payable immediately to the Secretary at the registered office of the Company* Annual General Meetings-- It was resolved that the Annual General Meeting of Shareholders of the Company be held at 1 O'Connell Street, Sydney, at 10*30 e*m* Tuesday, 14th October 1947, and that the Secretary be instructed to send Notice in the sub-joined form to shareholders entitled to receive the same* BOTZCS IS BEHEST CITED that the Ordinary Ceneral Meeting of Australian Blue Asbestos Limited will be held at 1 O'Connell Street, Sydney, In the State of New South Wales, on Tuesday the 14th October, 1947, at 1`C *30 o'clook in the morning* BUSINESS* (1) To receive the Balance Sheet, Profit and Loss Account, and the reports of * the Directors and Auditors for.the year ended 30th June, 1947* . - . .. - ,-iyy' (2) To eleot two Directors in the places of Ernest Archibald Maynard Wright and Wallace James Baird, who retire in accordance with the Articles of Association and, being eligible, offer themselves for re-election* (3) To appoint an Auditor and to fix the remuneration* (4) To transact,other business as may properly be brought before the meeting. By Order of the Board* Secretary \ . Produced in hatter of HEVS V. MIDALCO NO 1161 OF 1987 ............... f ~ PRODUCED IN MATTEROF BARROW V. MIDALCO NO 1148 OF 1W Capital Expenditure: The following items of Capital Expenditure ware confirmed: Fora Do* 17* * Installation of Titrating screen Fora no* 17* Purchase of one International Utility &20* CHAIRMAN, Produced in Asbestos Personal InjuryCsscsrAereno lead and copied to H.charo F. Scruggs IN MATTER OF -:\*v^hV-E"HYESYSVV.M. MIDIDAALt CO *. NO 2161 OF 1987 mthptm or meetino nf ^""/k'yai''"" " * -PRODUCED IN MATH". BARROW V MIDAI. NO 2148 OF iV07 DIRECTORS OF AUSTRALIAN BLtJS ASBESTOS LIMITHTD. Held at 1 O'Connell Street, Sydney, at 10 a*m* os Tuesday, 14th October, 194% Presents Messrs* C.Y.R* Powell (Chairman), G*H* Vorledge, W*J* Baird and 7.1. Xlmslle* ConfirmatIon of Minutes; 'Km* The Minute* of the previous Meeting were read, confirmed and signed* dawiiel- /iccountas . The Balaaoe Sheet end Profit and Loss Account for year ended 30th June, 1947, was tabled and Messrs* C.W.B. Powell and G*N* Worledge were authorised to sign the Balance Sheet on behalf of tba Board* The Chalman's address to be delivered to the shareholders In General ifretlng was approved* Call on Sharess Xt was resolved that a call of 2/- per share be siade on the 50,000 ordinary shares of the Company numbered 250,001 to 300,000, Inclusive, making J such shares fully paid up to ona pound eaoh and ' that sutrb call be due and payable immediately to the Secretary at the registered offloe of the Company* Issue of Capital!" ' *' ' / ..... . < --v-f/'O * . ."*...... \\y It was resolved that'a further issue of eapltal - be made to the extent of 100,000 ordinary ebares . \ of one pound (1) each to be numbered 500.001 to \v too,000 inclusive, payable one shilling (I/) per i& / share on application, 1/- per share on allotment and the balaaoe In calls of such amounts and to 4 WVW be made at auoh times as the Directors may decide; also that the whole of such shares be offered to The Colonial Sugar Defining Co* Ltd* for subscription by that Company*: ' ... v *:<.: ....... ; Capital Expenditures" The following item of oepltal expenditure was . oonfirmed: . Pom Ho* 20 1 Cl&evox Exhibitor* dual 'V.'- projector complete with accessories and spares 594, Hired Plants ;* V J* ** Statement shoving plant on hire from The Colonial / Sugar Refining Company Limited, to a total value of 65,560, was tabled* % .. persona' Produced wad and \rj CX&*'! * * c ct*39s Chairman. .. l PRODUCED iN MATHS OF KEYS V. MIDALCO NO 1)61 OF 1987 minutes or meeting of PRODUCED IN MATH BARROW V MIDAL NO 1148 OF 1987 DIRECTORS OF AUSTRALIAN BLUE _ASBESTQS LIMITED* Held at 1 O'Connell Streot, Sydney * at 10 a.m* on Tuesday, l&tb November, 194?. Present: Messrs. C.W.R. Powell (Chairman), G.N. Worled W.j. Baird and J*A.` Klmslie. Confirmation of Minutes. The Minutes of the previous Meeting were read confirmed and signed* Monthly Report; The report of the Manager for the month of . October was tabled* Allotment of Shares: It was resolved 100,000 ordinary shares of 1 numbered 300,001 to 400,000 inclusive, be alio to The Colonial Sugar Refining Company Ltd* in terms of that Company's application, and that 1/* per shure be payable as allotment fees on < shares* Call on Shares: It was resolved that a call of 4/- per share be made on the 100,000 ordinary shares of the Company, numbered 300,001 to 400,000 inclusive, making such shares paid up to 6/- each, and tha such call be due and payable immediately to the Secretary, at the registered offioe of the Comp Capital Expenditure: The following Items of Capital Expenditure were confirmed: Fora No*21 Form No.22 Office alterations Temporary mess room 124 &73 dliC8d in Form No* 23 Form No.24 fsadap Alterations to Waste Bln, Installation of additional Cyclone Separator and Improved Sucker at.No*>-- Screen 163 Completing Superintendent^ House -- Y ampire Renovating Cottage for Storokeeper/Ilmekeeper lampiro 760. 'CTO 'N MftTIR OF MiDALCO NO 116} OF 1987 MINUTES 0? MEETING Of PR00UCL0 IN MAT BARROW V. MID/1 NO 1J48 OF 19; DIRECTORS 0? ATTSTOHJAN BLUB ASBESTOS LIMITED Held at X O'Con&eU Street- 8ydney, at 10 a*m* on Tuesday, 16th December, 1947* Present; Messrs* C.TT.R. Powell (Chairmen), G.N* VTorledge, W#I* Baird and ^A SSmslle* Confirmation of Mlcutsss _________ __ Tiie Minutes of the prerious Meeting were reel, confirmed and signed* Monthly Reportt The report of the Manager for the month of NoYeaber was tabled* Issue of Share Certificatet It was reeolTed that Share Certlfioate No. 22 for one hundred thousand (100,000) ordinary shores numbered 500,001 to 400,000 inclusive \ 1a the name of The Colonial Sugar Refining Company Limited be sealed with the Company*# Seal and that Ur* B** BreaJcspeer be authorised to countersign suoh Certificate. Capital Expenditure; The following items of Capital Expenditure were confirmed* Form No* 7 3 Rises (iforu Onasals) ddiii TS------------- carry SB passengers* 4,500 Form No* 28 1 - 600 o.f.m* Compressor S - 300 C*f*bu " 2,450 2,400 Toma No* 20 1 Nolex Radial Saw 1 Nolex Planer 60 30 Fora No* 30 1 Pedal Radio 50 Fora No* 31 1-5 ton tip trnofc 800 CHAIRMAN* persona) Produced in As^s oad and Injury C-sea..-.a.... .vF. <J-cruggs HEYS V. MIDALC0~ NO 1161 OF 1987 Capital gxpeadlturer (Contd.) Barrow v mida- NO 1148 OF 198 Fora No. Zt Utility Truck for Township Utility Truck for Taapire Fora No. $7 1-20 tup. Diesel Engine Power Halos between Hill k Townslte Sleet.Power Reticulation at Tovnelte Fora No. 3e Addlt.Coat of D8 Treotor Fora No. 39 Spare C/sbaft for 7YSR a Fora Bo. 40 `Waradp petrol Prill Ford TO Car . Western Gorge work: Produced in Asbestos Personal injury Cases: Acrsrns lead and copied to Richard F. Scruggs rvn?ggroB3 nr AnaraArr-M RT.rrg ASBESTOS zJMmn Held at 1 O'Connell Streat, Sydney, at 10*30 a.m. on Tutsday, 20th January, 1948. Present; Messrs. C.W.B. Powell (Chairman), G.H. Worledga, T.J. Baird, J.A. Vimslie and R.A.M. Bright. Confirmation of Minutes: The Minutes of the previous Meeting were read, confirmed and signed. Monthly Report: The report of the Manager for the month of December was tabled. Hired Plant: , Statement shewing plant on hire from the / Colonial Sugar Refining Company Limited as at 31st December, 194?, to a total value of 79,094. 2. 2 was tabled. Capital Expenditure: The following items of Capital Expenditure were confirmed. form Ho. 25 Single Ui4s Aoooiodatlon at Township 2685 Form Mo. 26 Additional Cost of engine delivered to Porphyry Mine 2500 Form *o. 29 (Supplementary) a/o Holez Planer 50 Tot* Mo. 32 7X218 rraotor with Bulldozer 4053 Form Mo. 33 1 Bammermill 4 2 Soreens He-arrgt. Soreens at Waste Bin Addit. Soreens at 3rd Crude Trommel 190 260 45 Pom Vo. 34 Sxoavmtlon of ground to Vest of Mill building 700 Form Vo. 35 Ante-room to Orooery Store Freezer 55 Additional Faeillties Quarters Common Room 37 Butchery 4 Bakery faeillties at Grocery Store t 193 Cinema site and FroJ. Beam t 72 Change Room alterations t 97 Addit .Boom 4 Sleepeut Mo. 2 Staff House 57 65 2. Capital Hxpendltore: (Contd.) Form Ho. 56 Utility Truck for TownsMp 650 Utility Track for Tampire 650 For& Wo. 37 1-20 U.p. Diesel *ngine Power Mains between Hill ft Townsite Sleot.Fower Reticulation at Townsite 5450 2580 Font Ho* 58 Addit.Cost of 08 Traotor 1000 Fon Ho. 39 Spar* C/shaft for 7TKS 1026 Form Ho. 40 Haraop Petrol Drill Ford T8 Car i Western Gorge work t 380 500 QffATPMAW DIRECTORS OF AUSTRALIAN BLUE ASBESTOS LIMITED Held st 1 O'Connell Street, Sydney, at 10.30 a.i on Tuesday, 17th febniary, 1942* Preasnt: Messrs* H.R.Breakspear (as alternate Director for C.V.R* Powell (Chairman)), G.N* Worledge, V.J. Baird and J.A* Slmalle* Confirmation of Minutes: The Minutes of the previous Meeting were read, confined and signed* Monthly Report: The report of the Manager for the aonth of January was tabled* Transfer* e%t It was resolved that the following transfers of shares be approved:- The Colonial Sugar Refining Conpany Halted to . Vest Australian Blue Asbestos Fibres Coapany Limited, ' 42,500 ordinary shares. Bos* 250001 to 292,500, inclusive* The Colonial Sugar Refining Coapany United to Lionel Chrysotile Asbestos United, 7,500 ordinary shares, Hos*292,501 to 300,000, inclusive* Cancellation of Share Certificate: It was resolved that Share Certificate Xo*21 for 50,000 ordinary shares* Hos*250.001 to 300,000. inclusive, ' in the nans of The Colonial Sugar Refining Conpany United, be cancelled* Iasoe of shar* certificates: It waa resolved that the following share certificates be / sealed with the Conpany*e seal and that Nr* H*l* ' Breakspear be authorised to countersign the sane on behalf of the Secretary: Xo*23 - 42,500 ordinary shares Nos.250,001 to 292,500, inclusive, in the nine of Vest Australian Blue Asbestos Fibres Coapany United* *o*24 - 7,500 ordinary shares Moa.292,501 to 300,000, inclusive, in the nans of Uonel Chrysotile Asbestos United. Gall on Shares: It was resolved that a call of 4/- par share be made on the 100,000 ordinary shares of the Csnpany, nonbsrsd y 300,001 to 400,000, inclusive, --4<g such shares paid up te 10/- each, and that sueh eall be das inasdlstsly, and jyaole as densnd nay bs aade upon the registered 67 2* Contract for SuppIt of Explotirea: It was resolved that the Caspar's seal he affixed j to the Agreement in duplicate referring to the / supply of explocivee up to 30th September. 195V and dated 6th Deeenber, 1947* between Nobel U/asia) Pty Ltd*, also that Mr* H** Breakapear be autherieed to countersign aueh Agreement on behalf of the Secretary* Capital Expenditure: The following iteas of Capital Expand!tore wore confirxsed:- Torn Ho.41 SxeaTation for Power Bouae > Extensions Inspire Road 2 40 2500 Fora No* 42 Inetailation Ho.l Bulk Fuel Task 2 BO 15 Additional Mina Trollies 2250 CHAIRMAN ^l DIRECTORS OF AUSTRALIAli BLDB A3ESTQS_UffiTED Held at 1 O'Connell Street, Sydney, at lv.30 a.a. on Tuesday, 16th March, 1548. Presenti Messrs. C.W.R. Powell (Chairman), W.J. balrd and J.A. Blnslie. Confirmation of Mlnutesi The Minutes of the Meeting held on 17th February 1948 were read, confirmed and signed. HonthlY Reports The Manager's Report for February has not yet been received, and It will be tabled at the next Meeting of Directors. fialf-XearlY Aggggrtg* The Accounts for the ha^f-year ended 31st December 1947 showing a nett loss of 27605 and cost of Mine Development 6268 less depreciation were tabled, and having teen circulated among the Directors present It was resolved that they should be taken as read. W.A.S.A. Fibres Co* Ltd* and Lionel Chrysotlle Ltd. Plant Btc.t.anfl Isaacs It was reported that final settlement had been made by The Colonial Sugar Refining Co. Ltd. for the purchase of these assets, arid It was resolved * that this Company negotiate with The Colonial Sugar Refining Co. Ltd. for the purchase and/or hire of the plant, etc., and draw up an agreement. PgslmatlQB of Ssststarr: A letter has been received from tho Secretary and It was resolved that his resignation be . accepted with regret as from 16th March 1948. / It was proposed that the thanks of the Company be conveyed to Mr. J.L. Tucker for his services rendered In carrying out 9.is duties as Secretary to the Company. Appointment of Secretary* / It was decided that Hr. Geoffrey west be and is hereby appointed Secretary to the Cotapany. Capital togufllturg* It was brought to the attention of the Meeting that certain Items of expenditure which have been approved under the above heading at previous meetings were In fact paid for by The Colonial Sugar Refining Co. Ltd. and hired to this Company on the usaal terms. It was resolved therefore that the arrangement for the hire of this plant etc., as detallad below, be approved. 0761 2 Date of Meeting Cap.Expend . e Form fio* Item. 21/1 A7 10/2A7 18/3A7 <> K 17/6A7 15/7A7 16/9A7 14/1CA7 16N/12A7 2C/1A8 16/12A7 (C 20n/1A6 II m 8 9 11 12 1.3 14 16 18 19 20 27 28 29 29 Sun* 3C 31 32 36 37 38 8 D*7 Tractor 15 Trolleys 10 Bottom Dump* Trucks 4 - 35" Auto* Drifters Equipment for Mechanics Workshop Sundstrand Calculator Carter Lathe Ruston Engine & Alternator C*P*5 Diamond Drill International Utility Clnevox Projector 3 Buses 1-6c-c c.f.m. Compressor 2-300 c*f*m. Compressors !<olex Saw Planer Additional a/c Planer Pedal Radio 5-ton Tip Truck TD18 Tractor with B/Doser 2 Utility Trucks 20 h*p. Diesel Engine Adiit* Cost 0*8 Tractor Crankshaft Ruston 7 VER Warsop Petrol Drill Amount* 5,oco 278 2,305 800 170 84 950 8,120c 525 630 594 4,500 2,450 2,400 80 30 30 250 600 4,053 1,300 470 1,000 1,026. 260 Totali 38,105 It was resolved that the following Capital Expenditure be approved$acd that Capital Expenditure Pore Ko*4l be referred back to the Mine Manager for further information. Cap* Expend* Perm lio. Item ,, ,, Amount* 44 Installation of Return Conveyor Section Ko6 400 45 Erection site for ore Winding 80 46 Installation of Tampire or* dressing plant 500 4-7 Installation of Septic lank at Yanpire Changerooa 50 Plant Hired from C*S*R* Co- Ltd It was resolved that approval be given for the following plant when purchased he hired from The Colonial Surer Refining Co* Ltd* on the usual term*' 46 Washing Machine 85 PuhliC-Offleert It was resolved that Hr* J.L.Tucker's appointment as Public Officer to the Company be terminated, and that. Mr* Geoffrey West be appointed in his place* In 1 addition it vas resolved that Mr* A*R* Johnston be given authority to sign documents in the name of tie said Public Officer* 7*- AUSTMUAH HUE ASBESTOS Lin. vrwma or ramc1 of 2 3 APR 1943 nTpgftTnpg n anaTBATJAii mum iftwiaww.taTwi; . T Held at 1 O'Connell Street, Sydney, o& Tuesday, 20th April, 1946, at 10.SO a.m. Present: Mr C.W.R. Powell {Chairman), G.M. forledge, and 7.A. Slaslle. Confirmation of Minutes: The Minutes of Meeting held on 17th February, 1946 were read, confirmed and signed. Monthly Reports: The Manager's Reports for February and March were tabled. Aya--nt with the Colonial Sugar Refining Company Limited: I.t was resolved that the Company's seal be affixed to an agreement with the Colonial . Sugar Refining Company Limited relating to / leave and lleenoe to Australian Bine Asbestos ' Limited to carry on mining operations on certain tenements of which the Colonial Sugar Refining Company Limited is the registered holder and that Mr. H.Jt. Breafcspear be authorised to countersign the agreement on behalf of the Seoretary. Chairman MIKUTES OF MEBTIBG of DIBBCTORS 0? AUSTRALIAN BLOB ASBESTOS LIMITED Held at 1 0*Connell Street, Sydney, on Tuesday, 18th May, 1948 at 10*30 a.a. Messrs* H*S Breakspear, Alternative Director for Mr* C.Y*R Powell (Chairman), G.B* Wo rl edge, J*A* Elmslie and WJ. Baird* Cgpfl maUsa at Mlaum* Tiie Minutes of the Beating held on 20th April, 1948 were read, confirmed and signed* Hired Plant! Statement of hired plant for the three aonths ended 31at March, 1948 showing a total payment for the period of 18,410*15* 9 was tabled* Production Sales. Order* and Stocks: Statement for six months ending 30th June, 1948 was tabled* Call on Shares! It was resolved that a call of 4s*0d* per share be Bade on the 100,000 ordinary shares of the i Company numbered 300,001 to 400,000 inclusive, making suoh share# paid up to 14s*0d* each, and that euoh call be due end payable immediately to tbe Secretary at the registered office of the Company. Sealing of Doauaent: The sealing on 8th May, 1?4# with the Company's teal of the Bond to the Western Australian Licensing Authorities, entered into jointly and severally with The Colonial sugar Refining / Company Limited, and the countersigning of the same on behalf of the Secretary by Mr* Breakspecr, at sureties for C.B* Broadhurst, for the due observance of certain conditions relating to erection of premises laposed by the Licensing Court, was confirmed. CHATHMtU. C 0764 1 ! f AUSmilM HUE ASIfSTOSITO. 17 M1948 P8IITH, W.A,____ Form no. 50 - 1 71 H.P. Crompton Parkinson Kotor: 30 Form No. 52 - 3 50 kYA Transformers ): 4,796 5 100 kYA Transformera) Fora No. 5Z - 1-G.A. 260 Speed Feed: 43 Inoreaae of Capital: It was resolved that an Extraordinary General Meeting of Shareholders he held at 1 O'Connell Street, Sydney, on Tuesday, 13th July, 1948, at 10 o'elock In the morning to oonslder, and if thought fit, to pass the following Resolution as a Speoial Resolution - "That the oapltal of the Company he inoreased to 500,000 by the oreation of 100,000 additional ordinary shares jf 1 eaob and that such shares he issued at such times and to such persons 1 ^on suoh terms and conditions and with suoh rights and privileges as the Directors'shall from time to time determine hut subject in all respeota to the Articles of Association of the Company". It was further resolved that the Secretary be instructed to send out notices of the Meeting to all Shareholders entitled to receive them. Chairmen. of DIRECTORS Of AUSTRALIAN BLUE ASBESTOS LIMITED Held at 1 QConnell Street, Sydney, on Tuesday, 15th June, 1948, at 10.30 a.m. Present: Messrs. H. E. Breakspear, Alternate Director for Mr. C.W.fi. Powell {Chairman}, C. H. Worledga, J. A. Elmslie and W. J. Baird. Confirmation of Minutes: The Minutes of the Meeting held on 18th May, 1948, were read, confirmed and signed. s sr. *tfS. Call on Shares*9 us It was resolTed that a call of 2s. Od. per share be made on the 100,000 ordinary shares of the Company numbered 300,001 to 400.000 Inclusive, making suoh shares paid up to lbs. Od. eaoh and that suoh call be due and payable Immediately to the Seoretary at the registered office of the Company. Capital Expenditure: It was resolved tbst the following capital expenditure be approved - Fora Mo. 49 - Extension of Staff Kitchen at Wlttenoeo: 90 Fon Ho. 31 - 8-door Refrigerator for Township Mess and Cafeteria: 2o0 Form 48a (additional) - Additional labour and Alterations to ths pro-fabricated bin at respire: 130 Form Mo. 34 - Dressing Station and Slot Bay: 123 Plant Hired from C.S.R. Co.: It was resolved that approval be given for the following plant when purchased to be hired from The Colonial Sugar Refining Co. Ltd. on the usual terms - C 0766 MINUTES OF MEETING Of ElfiECTOES OF AUSTRALIAN BLUE ASBESTOS LIMITED Held 'it 1 0,Connell Street, Sydney, on Tuesday, 20th July, 1?48, at 10. ?0 a.a. Present: Messrs. C.vv.fi. Powell (Chairman), 3.N. V.orledge, J. A. Elmslie and V. J. Baird. Confirmation of Minutes: The Minutes of the previous Meeting were read, confirmed and signed. Monthly Report: The Report of the Manager for the month of June was tabled* Production. Galea, Orders and Stocks: Progress Statement for six months ended 50th June 1948 was tabled. Capital Expenditure: It was resolved that the following capital expenditure be approved - Form No. 55 - Erection of Explosives Magazine 250. Call on Shares: It. was resolved that a call of 4s.Od. per share be made on the 100,000 ordinary shares of the Company numbered J00,001 to 400,000 inclusive, making such shares fully paid up to 1 each and that such call be due and payable immediately to the Secretary at the registered office of the Company. Chairman. of Dir^uTosr. of ^u&TgALX^u a Lull aisic-tos limited Held at l O'Connell Street, Lyduey, on Tuesday, 17th August, i/4d, ut 10.50 u.q. Present: Uessrs. C.W.R* Fowell (Chainsaa), Q.N. worled^e, J. n. liaalie and W.J. laird. Confirmation cf Llnutea: The Minutes of the previous Meeting were reed, confirmed und si/mea. monthly Report: The Report of the Manager for the stonih of July, 1946, w.is tabled. Production. : ales. Orders cad rtoci.-s: Progress fttateaent ror six aontbr. encing 3let December, l-/4b tooled. Float Hired 1`roic C.S.li. Co. Ltd: It was resolved taut u^rcvtl be .iven for the following plant, .hen ^urchasea, to be hired from ' The Colonial ;:u.;or r.oriainf Co, ltd. on the usual terms - Forr. No. 5e - lurrou.rhfe hand operated calculator: 204. Fora !Jo. 57 - National addins rs-cnine: 115. Statement of hired Plant for the three contha ended 50th June, 1?46, snowing & total payment for the period of 54,312.19.11, wan tabled. Issues of Capital: Resolved that it is desirable to place on reoord in the Minutes the intention of the Directors //hen issuing the ordinal? shares nuabered 100,001 to 400,000 inclusive created pursuant to Special Resolutions passed at Meetings of the Conpany held on the 16th December 1944, und the 15th October, l?4c rc&.ectiveiy, that tn .-.hole of cuoh shares should ran* pari ^a.seu in ail rejects ..ith the ordinary snares numbered 1 to 60,000 inclusive ormin-i ,-art of the ori-rinul t;hure capital of the Company tjfld tUst the rtc..active minutes of the i.eaolutions passed at keetin^y of the Directors held on the >th January 1945, 7th j.u.:ust 1?45 15th October 194b, 21st January 194? and 14th October 1947, uuthoricins the issue of the said snares, be read and construed uccorulnaly. heyclved that a further issue of c-.iitui to the extent of 50.000 ordinary shares of fi each, to be numbered 400,001 to 4^0,000 inclusive oe trade and that such shares ran* ,>ari passu in all respects *ith the ordinary shares forming part of the orl inul c-.yltnl of t::e Company. t ;>uolved that the ;-^id 50,000 ordiu*.ry shares be allotted to The colonial f.u. ur aennin^ Coirpuny Limited In terms of that Company^ application dated 5th ,.u..:ujt, 194b, and that they be payable ls jer share on application is. -er ...hnre on al lotment --nd the bal.moe in c.,lls of suoh amounts and at such tluos no the Directors tiny determine. Chairman, fiuuael r of DIEECTQBS OF APSmilAV BI wo i PERTK, V/A flgfe--------- Held 4tM K^TwmII Street? 8ydney* on Tuesday, ; resolve.. 19th 0etober*'l948>-.ek.l<*0' Sm* 'j. & 5*ri'3r2Hd C. t'<: -i : . I'.'jTt;.-. 1- woasi... ;:i - Viwii gEggfegf thought , :*.fc ;.; es . --:ha *gaitcz. . ?{..-. tj ^ Metsrs***X^3r*akspeer `eittomat!# Director for Mr* >= ogfB Sowell {Chairmen}, 0*V* drledg*,<Jitt> Blnalle* ~c->:aad W#J* Baird* Confirmation of Ulnutas* The Minutes of the previous Meeting were read* coaflraed and signed* Monthly Report! the Report of the Manager for the aonth of September* 1948 was tabled and considered* Annual freoimfcgt ^ The Balance Sheet* Profit and Loss Account with supporting Statements and Accounts for the pear ended 30th June* 1948 together with the fieport of the Company's Auditors* Messrs* Merry and Merry and their Certificate were tabled and considered and Messrs* C*V* Powell and V*J. Baird were authorised to sign the Balance Sheet on behalf of the Board* Chairmans Addreaa* The Chairmen's Address to be delivered to the Share holders et the Qeneral Meeting wes considered by the Board end approved* Production. Sales and Stocksi Progress Statement for the quarter June to September* 1948 was tabled and considered* Capital Expenditure* It was resolved that the following Capital Expenditure be approved*- Pprm Vo* 65-1 Plano and 1 Bedroom Suite 180 66 - Establishment of Market Garden at Vlttenocm 1100 Mat 9f ftiwti ftmai It was resolved that the drawing of cheques on Vo* 1 A/e totalling 15*508*13*8* Vo* A/e totalling *474* 7*10 and Township cheques totalling 8*458*11*8 be approved* id n :$ ft JO ^igok iT iT re 'ti a a >a vt 2 AirtAtgri1 fuu Zt WAS raaolwad that tha eharga by tha Company* a Auditors of 325 for audit faas for tha yaar andad 30th Juna, 1948 ba paasad for paymant* Ftothar raaolwad that tha amount charftd and tha work parforaad to ba (Ivan furthar eonaidaration and if thought naoaasary, that raprasantationa ba mada to tha Auditor# with a wiaw to aliminating any work conaidarad to ba not aaaantial and to saouring a raduetlon in tha annual faa for futura work* Chairman* .a ladlgah I d tm.mahl r l 3 d 79 mms-szjtssmi srtc>--T? jog Aas.al** of> maeioas.of. insnitii.fflf-ittMfn tTpyw. , r* *T.l2" T~ ' *' 111$? l An . at i O'dSnneli Street, Syiney-,`%17Tuesday, : 3 ;> *-p 16th November, 1946 at 10 c*a* ; - Cr^'i" -> **r. . i.-..f5-;r>. '-* 4*^ i,041..14.4> ,;; *. * . . !* T *rr> rtie-iue* ,k*i * i,,r. ?7*t -..4 Messrs* H.E. Breakspear, alternate Director for . ,,Mr* C*V*R* Powell (Chairman)* G*H* Worledfe, and K.o. Brown* .... fotftntftifon 9a atBriUg[ ^'Ijff* <, , .,-..r.-rv *.'4f fs/V^ '; ` were read, jiQrt.'.i the Report of the .Manager, financial Statement > - r?5ftni"gatlaatdd'Profit and tos:,le5oont for tha' . ` 'PF-tectlon.' SM* tia'gtodSf^1 )`<etl-:g. Yrofres^eecttfa^ff rd*^thS pwriW^f^ 1st 4^1y to Slat October was tabled and approved* . i` ;.-Jr-fl.' Capital Expenditure \ST* 7* '. !' '1 rfVVJC' * > -the'feliewlnx :aptaX Rapenditare was approvedt-> !\r r t, f. >-** MT f'-r---' ; ** -,,rd* v fora Mo* 68 - Cost Drilling 10,000 ft* and thaRa^lfjClU.4.^ipewialOtt * 11,970 Call -'Wra'-Mo^r6t -'frellaiaorf'Ve*fta conn-> - r*** ofetlfi*r*t3l'i9taoad Drilling* viv 16 Mile Road, Vater Piping, , Pump k Engine tanks V>, a 951 V f.'r.'i s-r.rWi Plant Hired from CS.R* Co* ,* * v ?.v*?* "., '..' *cjit* , * If^was re--lved^ttay t|ipfw9ef M given for the ' : . feUewlnt pUnt* Aea>par4tt*Md, to bo hised 'A>' fro**tbeiCeleaiat Sagar *eltfifciisg Co* Ltd* ea ttbotajud terasr4p-P<i to covoitc^- , v?**h ('PT* 4 4**_ - * t<\ fora Mo* 67 - Voltage Regulator and Current Transformer * IU|i - tis rental M*e'v7t -*Mlna>WtvSpcaeplete^ ;. ,r> >,v 4ooo crcMlth}battmi!te*f*** 11,069 ir''.p?,ia7 i),.ir'0''r 4iii)*C01 tc -^.0,000 inelvoive , *** .nij ; LjMMeaeat ef(filred'flkdt^Bhttedthreejatau;^ eaded ^Otk^epteaber^i^Of skaelng e totat t-l ''} r'-t*Mat^o*hW3ectteatidff-6taaie*^* eoneldered and approved* w i !I 79 Refrigerators for Resalet '948 _ 1he purchase of 12 Kerosene Refrigerators a an approximate coat of 1152 (in Melbourne) for re-sele to our employees at the Mine vat approved* --.. List of Cheques Drtvat Cheques Drawn on No* 1 Account for 14,041*14*4, No*2 Account for 2,701*4*6 and township cheques for 5,828*5*5, a total of 20,566*4*8, v&s approved* Director's Resignation! Letter from Mr* 0* If. Worledge tendering hit resignation at a Director of the Company vat received with regret* Resolved that the slgnation of Mr* George Morris Worledge as a Director be accepted* Appointment of Director! It vat resolved that Mr* Keith Osborne Broen be appointed a Director of the Company in place of George Horrie Worledge, to hold office to the date of the next Annual General Meeting. Mr* K*0* Brown then took his seat on thv Board* yransfer of Shareat A transfer of five deferred shares mattered 60006 to 80010 from George Morris Worledge to Keith Osborne Brown vat pasted by the Board* Cancellation of Share Certificate! V Share Certificate Wo*2 for 5 deferred Shares registered In the name of George Morris Worledge was cancelled. Iiiaa-.pJC.-9fr*!*,, It was rvtolved that Share Certificate So* 5 for 5 deferred Shares mabered 60006 to 60010 in the name of Keith Osborne Brown be seded with the Company's seal and that Mr* F.A. Tlndale ba authorised to counter sign such Certificate* Call on Sharati It was resolved that a call of 8/- per share be made on the 50,000 ordinary sharas of the Company mabered 400,001 to 450,000 inclusive making such shares paid up to 14/- each and that such call ba due and payable forthwith to the Secretary at the registered office of the Compeny* ,/ flt PERTH, W.A. KR&jjTUufi opTTa t r rj; c.^^aa-/ juacit'?>. 40C,' >0 i -i t j , -jOO in.ii;.v :., .-u i -.- Bold at 1 0*C0Bar* Streep Sydney*.* ^uoodaflB* ttiW*. * ;.'xi - :* .i r i>*v..-.. ...........:iiil_., < . : :u . ?sr^. 8easubaby-.l9<B*r'st au* *-* * tttiiQii "* ;:t ,. lasers* a.^;Bk^speer*`alternator Wreator-fon j. j Hr* C*W*W-Ptoell (Chairman)* JVAi>finalls and w^- _-i 1*0* Brown'sadW*J* Baird* -* .'-- '-- tit !*; C_, .:; - -/.v'.-f. i _. .; . u.- *r-- CnafliMtleB of T -u.y, cnu ^j . urui.i? ->. -i.i., A ...-C !f/ ; -ic t!.-. . - Ut; -SJ> *.j t:^ **! UJ ...lfc Iha mnutfr^o^tosirerioto Haettafnerd-rasd/ wnfimsd^and-tiided-;----- ' ------ - *- :.i c r ji -. W J-Uk, r. .r .-'j ;.c W*". ; : :'i l-j v.tii IU-- The Hanagfert^Biport for tha south of lovanbar, >.*iu it t_>v tv , w .0 wlCuiul <-;. tuUC IMS) *m tabled and approved* & financial statmsat shoving expenditure for lovember, 1948* and estimated profit-end Lota iaeomt for four veefcs ending 2/11/48* saa tabled and adopted* Prodsatlon, Halos and Stocks* Prograta Statmsnt for tha period from 1st* loty to 20th Hovmber* 1948* was tabled and adopted* . Plant Hired from C*g*fUQg* Ltd> It was resolved that approval be (Ivan for the following plant whan purchased to be hired from the Colonial Sugar Befining Co* Ltd* on the usual temst- fnm Ho* 71-4 filter type dust colltotors 1 dos* sleeves 888 fern Ho* 78 * 1 field Oust Collector 400 form HO* 78 - 1 CP60H Drifter eoplete*2S0 It was resolved that Cheques Oram on lo.l iooomt for 18*489*14,11 {excluding trans fers tv HO*8 Aeeomt* ato*J and lo*8 leoouat for t*816* 0*10 and fomahlp Cheques tor 8*788*19* 0* a total of 4*178*14* 8 be pprorod* 3flM t b& MHSlI 1 'X 2 TllaoO .T d 'i t ibmmA . . H 4 t farrbov* ? & s taaH C t t l l l oL-dshl .2 - J ULC 194b Call on gharoat k**A- \;.a. Zt was resolved that a call of 6/- par share be aade on the 50.000 ordinary shares of the Coapany numbered 400,001 to 450,000 inclusive, miking such shares fully paid up to 1 and that such call be due and payable iMedlately to the Secre tary at the Registered Office of the Conpany. Issue of Capitals * * Resolved that a further issue (A of capital to the extent of 50,000 ordinary shares of 1 each to be msbered 450,001 to 500,000 Inclusive be aade and that such shares rank pari passu in all respects vlth the ordinary shares forming part of the or iginal Capital of the Coapany, and be payable one shilling vl/4 per share oa application and one shilling (1/-) per share oa aiiotaent and the balance la calls of such anouats and to bt aade at suafe tinea as the Directors nay decide, also that the vhole of suefc shares be offered to the Colonial Sugar Refining Oa* Ltd. for subscription by that Oonpany* # / ., *-%**- 'n jC}a/*g WCDUCEDIN'MA--rrCF HEYS V. M.OALCO NO 116] OF 1987 MINUTES OF UE5TINC, . Of ffiODUC^WtAATTCROP BARROW V. MIDAUCO NO 1141 OF 1W DIRECTORS OF AUSTRALIAN BLITS ASBESTOS T.TtfTwm Held at 1 O'Connell Street, Sydney, at 10.30 a.a. on Tuesday, 20th January, 1048. ~W Present: Messrs. C.W,R. Powell {Chairman}, G.N. Worledgc V.?. Baird, J.A. Blmslie and E.A.M. Wright. Confirmation of Minutes: lbe Minutes of the previous Meeting were read, _______ _________ --_____confirmed and signed. Monthly Report: * t me report of the Manager for the month of Dseember was tabled* Hired Plant: ( Statement showing plant on hire from the / Colonial Sugar Refining Company Limited as at 31st December, 194?, to a total value of 79,094. 2. 2 was tabled. Capital Expenditure: The following items of Capital Expenditure were oonflrmad* form Ho. 23 Single Men*a Aooommodation at Township 2685 Form Ho. 2d Additional Cost of engine delivered to Porphyry Mine 2500 Fora No. 29 {Supplementary) a/o Nolex Planer 30 Fora No. 32 TD18 Traotor with Bulldozer 4053 J. Form No. 33 1 Baamermill A 2 Soreens 190 Be-arrgt. Soreens at Haste Bin 260 Addit* Soreens at 3rd Crade Trommel 45 Fora No. 34 Bxoavation of ground to West of Mill building 700 Form Ho. 35 Ante-room to Grocery Store Freezer 55 Additional' Faollltles Quarters Common Room 37 Butchery A Bakery facilities at Grocery Store 193 Cinema site and ProJ. Boom 72 Change Room alterations 97 Addit.Room A Sloepout No. Z Staff House t 37 FRODUCED-mWTTS? OF HEYS V. MIDALCO NO 1161 OF 1987 . t'KL/nu NO 1148 OF 1987 Contract for Supply of ExploaiToe: Xt wad resolved that the Company's aval be affixt to the Agreement in duplicate referring to the eupply of explosives up to 30th September. 1954 < dated 8th December, 1947* between Nobel (A/asla Ltd*, also that Mr* KE Breakspear be authorise countersign such Agreement on behalf of the Seer Capital Expenditure: The following items of Capital Expenditure were confirmed:- Form No.41 Excavation .for Power Bouse Extensions Taspiro Road Fora No* 42 Xnetallation No*l Bulk Fuel Tank 1$ Additional Mine Trollies CHAIRMAN. NU 116! OF 19S? r DIRECTORS OF AUSTRALIAN BLUE ASBESTOS LIMITED .wici linr " sAi'.KC*'. . NO 1)48 OF 15i Held at 1 O'Connell Street, Sydney, at 10.30 a.a. on Tuesday, 17th February, 1948. Present: Messrs. H.E.Breakspear (as alternate Director for C.Vf.R. Powell (Chairman)), G.R. Worledge, VJ. Baird and J.A. Elmslie. Confirmation of Minutes: The Minutes of the previous Meeting were read, confirmed and signed* Monthly Report; - * .# The report of the Manager for the month of January was tabled. Transfers of Shares: r It was resolved that the following transfers of sbares I be approved:- The Colonial Sugar Refining Company Limited to West Australian Blue Asbestos Fibres Company Limited, ' 12,500 ordinary shares, Nos. 250001 to 292,500, inclusive. ,, The Colonial Sugar Refining Company Limited to Lionel Chrysotile Asbestos Limited, 7,500 ordinary shares, Noe.292,501 to 300,000, inclusive. Cancellation of Share Certificate: It was resolved that Share Certificate No.21 for 50,000 ordinary shares. Nos.250,001 to 300,000, inclusive, ' in the name of The Colonial Sugar Refining Company Limited, be cancelled. t-cIssue of Share Certificates: <fb 1 #* It was resolved that the following share certificates be sealed with the Company's seal and that Mr. H.E. Breakspear bs authorised to countersign the same on behalf of the Secretary: No.23 - 42,500 ordinary shares Nos.250,001 to 292,500. inclusive, in the name of West Australian Blue Asbestos Fibres Company Limited. * t# No.24 - 7,500 ordinary shares Nos.292,501 to 300,000, inclusive, in the name of Lionel Chrysotile Asbestos Limited. Call on Shares: It was resolved that a call of 4/* per share be made on the 100,000 ordinary shares of the Company, numbered > 300,001 to 400,000, Inclusive, making such shares paid up to 10/- each, and that such call be due immediately, and payable as demand may be made upon the registered holder. , i PRODUCEDIN MAT I tK Of HEYS V. MJDALCO NO 1161 OF 1987 PRODUCED IN MATTER OF BARROW V MJDALCO NO 1148 OF W87 Contract for Supply of Eacploalyoet It was resolvod that the Coapany'e evttl he affii t to the Agreement in duplicate referring to the / supply of explosives up to 30th September. 1954 dated Sth December, 1947* between Nobel (A/aaii Ltd*, aleo that Hr. H.E. Breakapear be authorise countersign such Agreement on behalf of the Seei Capital Expenditure! The following Item* of Capital Expenditure were coafiraad;- Fora No*41 KscaTatioa for Power Bouse / Extensions Tampiro Boad Fora Ho* 42 Installation llo.l Bulk Fual Tank 15 Additional Mine Trollies chairman. Produced In Personal Injury Cr.cer.: A*;*?rr;s copied to rtiOniiid f. Scruggs (WODLX'CD in MATTER C-P ~-v= V ''.CALCO ^ NO 1161 OF 1987 03? of f RGDUCED IN MATTER C barrow v midalcc NO 1148 OF 3987 DIRECTORS CF AUSTRALIA!-? BLUS^5SS3T_QS_U.a3iaP Held at 1 O'Connell Street, Sydney, at 10.30 a.a. on Tuesday, 16th March, lV*+8 Present? Messrs. C.V.R. Povell (Chairman), W.J. laird and J.A. Elnslie. Confirmation of Minutest The Minutes of the Meeting held on 17th February 1C48 were read, confirmed and signed. Monthly Report! The ManagerReport for' February has not yet been received, and it vlll be tabled at the next Meeting of Directors. nftlf*yearlv_Aegemr_tss The Accounts for the half-year ended 31st December 1^47 showing a nett loss of 27605 and cost of Mine Development 6268 loss depreciation were tabled, and having been circulated among the Directors present It was resolved that they should be taker, as read. ..A.3.A. Fibres Co. ltd. ar.d Liorel Chrysotlle ltd. Mant otc.._and leases. It was reported that final settlement hai been made by The Colonial Sugar Refining Co. ltd. for f the purchase of these assets, and it was resolved ' that this Company negotiate with The Colonial Surar Refining Co. ltd. for the purchase and/or hire of the plant, etc., and draw up an agreement. Rosl-gnstlon Qf_Scretarv; A letter has boon received from tho Secretary ar.d It was resolved that his resignation be f accepted with regret as from 16th March 19*8. / It was proposed that the thanks of the Company be conveyed to Mr. J*l. Tucker for his services rendered In carrying out .Vis duties .as Secretary to the Company. Sstzx,fit axi: / It was decided that Mr. Geoffrey A'est be and is hereby appointed Secretary to the Company. C.apl Expenditures <4% It v/as brought to the attention of the Meeting that certain Items of expenditure which have been approved under the above heading at previous meetings were in fact paid for by The Colonial Sugar Refining Co. ltd. and hired to this Company on the usual terms. It was resolved therefore that the arrangement for the hire of this plant etc., as detailed below, be approved. PRODUCED IN MATTS? OF HEYS V. MIDALCO NO 1161 OF 1987 2. PRODUCED IN MATTER CF BARROW V. MIDALCO NO 1148 OP 1987 'Date of Meeting Cap.Expend . Fora J;o._ Item. ---- 21/1/47 ii 1G/2A7 18/3A7 ir .a ;. 17/6A7 15/7/47 --16/SA7---------- -14/1CA7 16A2A7 a- : a - 2CAA8 .. 16/i12A7 20/1A8 a M a n 8 9 11 12 13 14 16 18 -19 20. 27 28 29 29 Sup* 30 31 32 36 3? 3 39 40 D.7 Tractor 15* Trolleys 10 Bottom Dump* Trucks 4 - li" Auto* Drifters Equipoont for Mechanics Workshop Sundstrand Calculator Carter Lathe Ruston Engine a* Alternator C.P.5 Diamond Drill International Utility Clnevox Projector 3 Buses 1-6CC c.f.a* 'oapressor 2*300 c*f*o. Coapressors Rolex Saw Planer Additional a/e Planer Pedal Radio 5-ton Tip Truck TD18 Tractor with B/Doser 2 Utility Trucks 20 h*p* Diesel Engine Adiit. Cost D.8 Tractor Crankshaft Ruston 7 VER Warsop Petrol Drill Acs -- 5 2. e, 4, 2, 2* < 4,< S 1,( Totals 38,: li It was resolved that the following Capital Expcnditv be apnreved jar.d that Capital Expenditure Fora o,43 be referre bacV. to the Mine Onager for further lr.fornation. Cap* Expend. ?.:'XR U'li____ Itea _____ Aaou ____44 45 * 47 48 44 Installation of Return Conveyor Section Ko6 4 45 Erection site for ore blending 4o Installation of Yanplre ore dressing plant 5 47 Installation of Septic Tank at Yamplre Changerooa Riant Mired frow C.S.ft. CoJ._Ltdfr It was resolved that approval be giver, for the following plant when purchased be hlrod froo The Colonial Supar Refining Oo* Ltd. on the usual ter: 48 Washing Machine Cl Bubllc_Offlcers It was resolved that Mr. J.L.Tucker's appointment Public Officer to the Company be terminated, and t Mr. Geoffrey West be appointed In his place. In 1 addition it was resolved that Mr* A.R* Johnston be given authority to sign documents in the name c said Public Officer* CuArOhJ AUSTMUM CUIF ICMU--TES -0?-- HMTINGj of 2 3 APR \W niSKC'll'iTS 0/ -USTRILIAN BLUE aSLKS'IPS HklTKJ- Held at 1 O'Connell Street, Sydney, on Tuesday, 20tl A 1V48, at 10.30 a.w. Present: Mr. C.V.R. Powell (Chairman), C.H. tforled and J.it. Elmalie. Conrliguition cf Minutes: The Minutes of Meeting held on 17tn Febiui 1946 were read, confirmed and signed. Monthly heoorta: The Manager*u Reports for February and Me: were tabled. Agreement vith the Colonial Surer Refining Company Lia: It was resolved that the Company's seal affixed to an agreement wiln the Colonial 8uct* Refining Company Limited relating tc leave and licence to Australian Blue Asbes limited to parry on mining operations on certain tenements of which the Colonial ounr refining Company Limited is the registered holder and that Mr. 11.S. Breakspear be authorised to countersign the agreement on behalf of the Secretary. Chairman. PRODUCED IN MATTER OF HEYS V. MIDAICO NO 2261 OF 1987 MTNtiTES OF MEETING -------------------------------------- Of PRODUCED IN matSfIr I4AY BARRp.W V MlDAi rr> Nc DiiiF.croRs o? Australia blue assitstos limited Held at 1 O'Connell Street, Sydney, on Tuesday, 18th May, 1948 at 10*30 a.m. gyretnt: Messrs* H.E* Sreakspear, Alternative Director for Mr* C*W*R* Powell (Chairman), O.R. W'orledge, J.A. Elmslie.and W*J. Berlrd* Con_fl mntlon _of Minutes: The Minutes of the meeting held on 30th April, 1948 were read, confirmed and signed. airea risnti Statement of hired plant for the three months ended 31st March, 1948 showing a total payment for the porlod of 18,410*13* 9 was tabled. Production. Rales. Ordera_>nd Stocks: Statement for six months ending 30th June, 1948 was tablod. Call on Shares; It m resolved that a call of 4s.0d. per share be made on the 100,000 ordinary shares of the Company numbered 300,001 to 400,000 inclusive, making such shares paid up to I4s.0d. each, and thet such call be due end payable immediately to the Secretory at the registered office of the Company* / fVallrw of Document: The sealing on 6th May, 1948 with the Company's seal of the Bond to the Western Australian Licensing Authorities, entered into jointly end severally with The Colonial Sugar Refining Company Limited, and the countersigning of the same on behalf of the Secretary by Mr. H.X# Breakspear, as sureties for C.H. Broadburst, for the due observance of certain conditions relating to erection of premises imposed by the Licensing Court, was confirmed. CliAIKMAN. / -ED IN MATTER OF HEYS V M1DALCO NO 1161 OF 1987 Of PRODUCED IN MATTEL CP BARROW V. MIDALCO NO 1148 OF 1987 DIRECTORS 0? AUSTRALIAN BLUE ASBESTOS LIMITED Hold at 1 0*Connell Street, Sydney, on Tuesday, 13th June, 1948, at 10.30 a.a. Present: Messrs. H. E. Breakspear, Alternate Director for Ur. C.W.R. Powell (Chaiman), G. N. Worledge, J. A. Slmslle and V. J. Baird. C / / Confirmation of Minutes: The Minutes of the Meeting held on 18th May, 1948, were read, oonfirmed and signed. t ae* xjs. Call on Shares* t va It was resolved that a oall of 2a. Od. per share he made on the 100,000 ordinary shares of the Company numbered 300,001 to 400.000 inclusive, making suoh shares paid up to las. Od. each and that suoh oall he due and payable immediately to the Secretary at the registered, offloe of the Company. CooItal Expenditure: It was resolved that the following capital ' expenditure he approved - Form No. 49 - Extension of Staff Kitchen at . Witten00m: 90 Form No. 31 - 8-door Refrigerator for Township Mess and Cafeteria: ' 260 Form 46a (additional) - Additional labour end Alterations to the pre-fahricated bln at Yampire: 130 Form No. 34 * Dressing Station and Slok Bay: 123 Plant Hired from C.S.R. Co.: It was resolved that approval he given for the following plant when purchased to he hired from The Colonial Sugar Refining Co. Ltd. on the usual terms - r Produced in Asbestos Personal injury Cases: Abrams? 7 ?nd to Rioters t*- Sci** PRODUCED IN MATTER OF HEYS V. MIDALCO NO U6t OF 1987 PRODUCED IN MATTE: . BARROW V MIDALC ---------- MO-U48 0F J9S7 MISTMWH mil fcSHSTDS ITD. 17 JUN 1948 PERTH, W.A. Porn Mo. 50 - 1 Ik H.P. Crompton Parkinson Motor: 30 Form No. 52 - 5 50 kVA Transformer* ): 4,796 5 100 kVA Transformers) Fora No. 53 - 1-G.A. 260 Speed Feed: 45 Inereaee of Capital: It was resolved that an Extraordinary General Meeting of Shareholders be held at 1 O'Connell Street. Sydney, on Tuesday, 13th July, 1948, at 10 o'eloek in the morning to consider, and If thought fit, to pasa the following Resolution aa a Special Resolution - "That the capital of the Company be inoreaaed to 500,000 by the oreation of 100,000 additional ordinary shares jf 1 each and that such shares be issued at such times and to such persons 'ton such terns and conditions and with suoh rights and privileges as the Directors'shall from time to time determine but subject in all respects to the Articles of Association of tbe Company*. It was further resolved that the Secretary be instructed to send out notices of the Meeting to all Shareholders entitled to receive them. Chairmen. .. personal Produced *,('-? '3ri and irthtrv Casso. ,w>ms i .L IN MATTER OF HtYS V MIDALCO 'O 1161 OF 1987 AUSTRALIAN BLITZ ASBESTOS iwMAT MITflJTEg 0? BCTRAORDINART 0HT2RAL irgRTCNG p? SHAPZR0LD7 Held at 1 O'Connell Street, Sydney, at 10 a.m. on Tuesday, 13th July, 1948* Present: The Colonial Sugar Refining Co. Ltd. (by Proxy) Mr. 2.S.T. Layton (by Proxy), Ur. J.L. Tocher (by Proxy), Messrs. G.N. Korledge, j.a. Saslie and tf.J. Baird* 1 Chairman: Ur. C.R. Worledge was.eleeted Chairman of the Meeting. Proxies: Mr. Vorledge informed the Meeting that Proxies in favour of Mr. C.w.R. Poeell, or failing himMr. C.H. Worledge, were held from the following shareholders:- /' The Colonial Sugar Refining Co. Ltd. Mr. 2.2.T. Layton Mr. J.L. Tuoker. v 4, and that in the abaenoe of Mr. C.V.R, Powell ha ,/ would exerolse the Proxies. . * The Chairman declared the Meeting duly oonatltated* The Chairman read a Copy of the Hotloe convening the Meeting. 7; Motion: Xt was moved by the Chairman, seeonded by Mr* J.A. 21malle and earrled unanimously that the * following Resolution be passed as a apenial Resolution:- fe V "That the capital of the Company he <*. inoreaaed to 500,000 by the creation of 100)000 additional ordinary shares of 1 oaoh and that such shares be Issued at suoh times and to such persons, upon suoh taros and Conditions and with suoh rights and privileges as the Dlrootors shall from time to time determine, but subjeot in all respects to the Articles of Assooiation of the v.- -:sv< \Vv,*SS>' v Company." .'---"'".Us \ The Chairman informed the Meeting that Consent .vw^ date 23rd June, 1948 to the above Increase of :v>*-*V* capital had been given by the Delehgeaattes of the Treasurer of the Commonwealth of Australia* .ifors** C.f:-: The Meeting then terminated* Produced in Asbestos Personal Injury Cases: `Abrams lead and copied to Richaru tl-.^rgs * u^ei m ;v r'rNyiivi n.OL^CED IN MATTER OF . HEYS V. MIDALCO NO 1161 OF 1987 MINUTES OF MEETING PRODUCED IN MATTER OF BARROW V MIDALCO NO 1146 OF 1987 Of DIRECTORS OF AUSTRALIAN SLUE ASBESTOS LIMITED Held at 1 O'Connell Street, Sydney, on Tuesday, COth July, 1948, at 10.JO a.m. Present: Messrs. C.W.R. Powell (Chairman), o.N. V.orled're, J. a. Elaslie and w* J. Baird. Confirmation of Minutes: The Minutes of the previous Meeting were rend, confirmed end slr.ned. Monthly Report: The Report of the Manager for the month of June was tabled* Production. Soles, Ordors end Stocks: Progress Statement for six months ended JOth June, 194& was tabled* Cealtftl Expenditure: It was resolved that the following oapitsl expenditure be approved Form No* Magazine - Erection of Explosives 2J0. Call on Shares: ` It was resolved that a call of 4s.Od* per share P be made on the 100,000 ordinary shares of the Company numbered J00,001 to 400,000 Inclusive, mafcina; such shares fully paid up to 1 each and that such cull be due and payable immediately to the Secretary at the registered office of the / Company. Produced ^lfe^P.Scru95s Chairmen. FRODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 BARROW V. MfDALC. NO 1148 OF 198? AUSTRALIAN BLUE ASBESTOS LIMITED of Sixth Annual General Meeting of Shareholders ,ild it No. i V Connell Street, Sydney, on Tuesday, l*Jth October, 1048 at 10*.*0 a*a* Chfrlruan: Mr* 3reak3pear announced that in the absence of Mr* C*W'*R Powell, In exercise of Ms functions as alternate Director of Ur. Powell, he would take the Chair* Proxies: The Chairman announced that The Colonial Sugar Refining Co* Ltd* and Messrs* Tucker and Layton were duly represented at the Meeting by Proxy* Mr* Elmslle for the Secretary read the Hotice convening the Meeting* The Chairman declared the Meeting duly constituted* Balance Sheet and Profit and Loss Account with Auditors1 Report! With the consent of the Meeting, the Balance Sheet, Profit and Loss and other accompanying accounts and the Auditors* Reports were taken as read and the Chairman addressed the Meeting in the following terast- The net loss for the year was 65,682 after writing off 9,067 for depreciation making an accumul ated net lose to date of 135,203* In addition to the above loss the amount charged to Mine Development Account for the year was 15,466* The Mine Development Account to date, after writing off depreciation, stood at 62,314* Production of Blue Asbestos Plbre for the year amounted to 637 long tons compared with 590 long tons for the previous period, but cost of production this year was over 67 higher* The yield of Pibre to rock mined underground was 2,50% oompared with 2*73* for the previous year and this lower Fibre value was one major reason for the Increase in production costs* 3-- ft F r. J Another major reason for the continued low production and for the high cost of production, was the difficulty experienced In obtaining machine miners and as a consequence, during the year there was Insufficient underground labour compared to total labour employed* 'j.'C -- 5 < 2 A township Is being erected approximately B miles `~$ir from our mill at the mouth of fflttenooa Oorge and as -5 ixc this grows it is anticipated our labour position will -- Improve* The Western Australian Government is financing thofcrection of a number of houses in the township and Jr'E'B we arc erecting these houses on their behalf* The 0-- ^ current contract in this regard calls for 40 houses and we anticipate these will be completed during 1949* In view of labour and other difficulties* it is not anticipated that production during the coming year will exceed 1200 tons and there are mb indications that the yield of fibre to rock mined will improve to any marked extent* PRODUCED IN MATT OF HEYS V. MIDALCO NO H61 OF 1987 PRODUCED IN MATT OF BARROW V. MIDALCO NO 1148 OF 1987 Our toti.1 production Further enquiries r/ore received froa over seas fur substantial quantities* Approval res received from tho Prices Coraalasloner in November lest Tor en increased selling price which helped to offset the high cost of pro duction* Another Application was nude to the Prices Comnissioncr before the end of June for a further Increase in the selling price* Capital called and paid up during the pear aaounted to 110*000, the paid up capital at 30th June* 1948 being 380*000* the value of plant on hire froa The Colonial Sugar defining Coapany at oost at that date being 129,818* In toras of Ceotlon 126 (3) of tho Companies Act In the opinion of the Directors, other than by conditions before aentloned, tho results of the year's operations have not been affected by itess of an abnormal character*" Election of Director! It was resolved that Ur* Ernest Archibald Maynard Wright be re-elected as a Director of the Coapany for a further term as provided by the Articles of Association* Election cf -Auditors! It was resolved that Messrs* Merry end Merry be re appointed Auditors of the Company for tho year ending 30th June* 1949 at a fee to be arranged* The Chairman then declared the Meeting closed* Sh*lraan produces :n matter of HEVS V. MIDALCO NO 1161 OF 1987 rPODU' M$UUI4H.BtUS BARROW - MIDALCO frnrPTgs op MHHffflflK. of 1987 22 OCT 19< Of P6RTK. V/ PEEECTCfflS OF AnrTRAT.XAK BLTTff 22222=2S Bold at Ho* 1 O'Connell Street# Sydney, on Tuesday, 19th October, 1946, at 10*0 a*m* Prgsgat* Bessrs* 8*B* BreaJcspear* alternate Director for Hr* C*ff*R* Powell (Chairman), G.H* Worlodge, J*A* Qmsl. and W.J* Baird* Confirmation of Minutest The Hlnates of the previous Meeting were read, confirmed and signed* Monthly Reporti She Report of the Manager for the month of September 1948 was tabled and considered* Annual Aocountas The Balance Sheet, Profit and Loss Account with supporting Statements and Accounts for the year ended 30th June, 1948 together with the Beport of the Company's Auditors, Messrs* Merry and Merry and their Certificate were tabled and considered and Messrs* C*V*R* Powell and V*J* Baird were authorised to sign the Balance 6hoet on behalf of the Board*. Chairman's Address* The Chairman's Address to be delivered to the Share* holders at 'the General Meeting was considered by the Board and approved* Production*- Sales and Stocks: Progress Statement for the quarter Juno to September, 1948 was tabled and considered* ,Bggendi,tyrgs It was resolved that the following Capital Expenditure be approved Fpro No* 65-1 Plano and 1 Bedroom Suite 180 * * 66 - Establishment of Market. Garden at Wittenoom 1100 List of Cheques Drawn? It was resolved that the drawing of cheques on No* 1 A/c totalling 15,503.13*8, No* 2 A/c totalling 2,474* 7*10 and Township cheques totalling 3,458*11* be approved* Produced in As'sssloc Personal Injury Cues: = c ~s load and copied to Richard F. Scruggs . , i-^vLtU IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 2 PRODUCED IN MATTER - BARROW V. MSDALC NO U48 OF 198? w Auditors* Fqeet It was resolved that the charge by the Company's Auditors of 325 for audit fees for the year ended 30th Juno, 1948 be passed for payment* Further resolved that the amount charged and the work performed to be given further consideration and if thought necessary# that representations be made to the Auditors with a view to eliminating tny work considered to be not essential and to securing a reduction In the annual fee for future work* ( 0 2 c Chairman* Produced in Asbestos Personal Injury Cases: Abr?.rr.*. Had and copied to Richard Scruggs PRODUCED IN MATTER OF HEYS V. MJDALCO ' NO 116! OF 1987 PRODUCED IN MATTER (. BARROW V. MIDALCC NO 1)48 OF 1987--' MS WEEXIE9 of DIRECTORS. OF ATTSTRAt/TAW BLCE^gRESTOS LIMITED Bold at 1 O'Connell Street, Sydney, on Tuesday, 16th Hoveabor, 1846 at 10 a*o* Ees22&> f Messrs* B*S* Breakspear, alternate Director f Ur* C*W*R* Powell (Chairman), G.K, Worledge, J*A* Elaslle and E*Q* Brown* Confirmation of Minutes. V?' TM Minutes of the previous Meeting were read, confirmed and signed* MonthIt: Report; The Report of the Manager* Financial Statement and Estimated Profit and Loss Account for the month of October, 1940 were road end approvod* P.slggfr3 Progress Statement for the period from 1st Jul> to 21st October was tabled and approved* ' w-\ The following Capital Expenditure was approved: Form Mo* 60 - Cost Drilling. 10,000 ft* and Supervision 11,97c Form Mo* 69 - Preliminary work In conn- action with Diamond Drilling, ' 18 Mile Road, Mater Piping* Pump fie Engine Tasks .* !(. 961 Pla_nt_Blred from.C*S*R* _Co,_ Il_d* It was resolved that approval bo given for the following plant, when purchased, to be hired from The Colonial Sugar Refining Co* Ltd* on the usual termst- Form Mo* 67 - Voltage Regulator and Current Transformer 16.16: Form Mo* 70 - Ulna Locomotives complete. with batteries 11,060 Statement of Hired Plant for the three months ended 30th September, 1948, showing a total payment for the period of 2,016* 6* 0, was considered and approved* PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 PRODUCED IN MATTER CF BARROW V. MIDALCO NO 1M8 0F-19&7. f. " ( ' /// P fn <? / 2. y'H' Refrigerators for Resalet # "V The purchase of 12 Kerosene Refrigerators at an approximate cost of 1152 (in Melbourne) for re-sele to our employees at the Mine was approved* List of Checues Drawnt Cheques Drawn on Ho, 1 Account for 14,041.14.4, Ho.2 Account for 2,701.4.8 and Township cheques for 3,823*5*8, a total of 20,666.4*3, was approved/ Director*s Resignation! . Letter from Mr* C* 9* Vorledge tendering his resignation as a Director of the Company was received with regret* Resolved that the re signation of Mr* Oeorge Norrle Worledge as a Director be accepted* Appointment of Director! Zt was resolved that Mr* Keith Osborne Brown be appointed a Director of the Company in place of Oeorge Norrle Vorledge, to hold office to the date of the next Annual General Meeting* Mr* K*0* Brown then took bis seat on the Board* Transfer of gharesi A transfer of five deferred shares numbered 80006 to 80010 from Oeorge Norrle Worledge to Keith Osborne Brovn was passed by the Board* Cancellation of Share Certificates Share Certificate No.2 for 5 deferred Shares registered In the name of Ceorge Norrle Vorledge was cancelled* Issue of Share Certificates It was resolved that Share Certificate Ho. 25 for 5 deferred Shares numbered 80006 to 80010 in the name of Keith Osborne Brown be seAed with the Company's seal and that Mr. F.A. Tlndale be authorised to counter sign such Certificate. Call on Sharesi It was resolved that a call of 8/- per share be made on the 50,000 ordinary shares of the Company numbered 400,001 to 450,000 inclusive malting such shares paid up to 14/- each and that sueh call be due and payable forthwith to the Secretary at the registered office of the Company* ' KEVS V. mihai rrttIBDrtS-g_y-MEhTIHq. NO 1)61 OF 1567 of i j UlC i?HO PERTH, wTa, DIRECTORS OP AUSTRALIAN BLUB ASBESTOS LIMITED ?-HOlj/UCEOIN 0^ t '^W V Bald at 1 O'Connell Street, Sydney, on Tuesday, lst* December, 1948, at 10*80 a.m* : Presentt - -,. ..* - -". Messrs* B*S* Breakspear, alternate Director for Mr* C.W*R. Powell (Chainsan), J.A* Elaslie and *0* Brown and 8*1* Baird* Conflrmatlon-of-Minutest { . The Minutes of the previous Meeting were read, h conflrsed and signed* h \] Manager's Reports '' * fj fiie Manager's Report for the month of Moveaber, | 1948, tas tabled and approved* .&reandlture Statement etct lhe financial statement showing expenditure for November, 1948, and estimated Profit and Loss Account for four weeks ending 8/11/48, was tabled and adopted* Production. Sales and .Stockst Progress Statement for the period from 1st* July to sOth November, 1948, was tabled and adopted* Plant Hired from C.S.R* Co. Ltdi It was resolved that approval be given for the following plant when purchased to be hired from fixe Colonial Sugar Refining Co* Ltd* on the usual tormss- Form No* 71 - 4 filter type dust collectors 1 dos* sleeves ** 62 form Bo* 72-1 field Dust Collector 400 form No* 75-1 CP60S Drifter complete*250 . List of Cheques Drawni It was resolved that Cheques Drawn on No*l Account for 18,489*14*11 (excluding trans fers to Ho* Account, etc*) and No.2 Account i for 2,916* 0*10 and Township Cheques dor ,766*19* 0, a total of 4,17*14* 9 be approved* to f 2c* dn ^ruggs y WEVS V. MIDALCO `c ::r;oFws? C411 on Sharept 2. PRODcbEk JN I^tter BARROW V. MIDALCC --^woiMe-Of^ \It was resolved that a call of 6/- par share be made on the 50.000 ordinary shares of the Company nmbered 400,001 to 450,000 inclusive, making such shares fully paid up to 1 and that such call be due and payable mediately to the Secre tary at the Registered Office of the Company. Issue of Capltalt * P-fJ- * 4r Resolved that a further issue of capital to the extent of 50,000 ordinary shares of 1 oach to be numbered 450,001 to 500,000 inclusive be made and that such shares rank pari passu In all rcspocts with the ordinary shares forming part of the or iginal Capital of the Company, and be payable one shilling 11/*) P* share on application and one shilling (1/-J per share on allotment and the balance in calls of sneh anoints and to be made at such times as 'the Directors may decide, also that the whole of such shares be offered to The Colonial Sugar Refining Co. ltd* for subscription by that Company, r tt eU^X Chairman. /** ^ t / / i' i v* Produced & ! Injur/ Cv :* copleo xo rt.ur. Pmooal V - and r. bw.^-9S 81 agiga pragma of .7, A- *-. l A*l$3H(3S-2'ti tmema or apsthliu biot abbistos tnctn ''t er** rp*l*<%i*. that the CO,000 ordinary share* H4d;i|';i'f*"33at?r?d`i6fi*30- ,`.r .r'ffh **%re> > rt 5M,ri;<h0,fai*wl T: tflf*w*ooc* 'v\r>nrj har* -i *.h < Company '{&** gwi^i^ff,CjOOt ru.,in,tsl**s_.*rl*vh>r-iflslpaingdnennsfc' - > ^ , cr. Ret ****>* >" - the lasafir(i Report for the aonth of Deosaber, 1948 vu tabled and approved* t Bntndltmr, gt.t--.nt ,tm -n,,^n_ . ! i fit# financial 8tataent showing expenditure for Doeeaber, 1948, and sstiaatod front and toss iooeuat for four weeks ending 21/12/46, was tablod and adopted* Production. Smlmm and itnAit Progress Statenent for tho period froa 1st July to 81st Deosaber, 1948, was tablod and adopted* Flant.Hlrod.fraa C8*R* Co.ltd.i Zt was resolved that approval bo given for tho following plant when purchased to bo hired froa The Colonial Sugar Refining Co* Ltd* on tho usual tsrast- form lo* 74 1 Crosslty Diesel Inglne 18080 1 do* 9681 8 Fvaptng Dnlte 278 1 Clrhlt breaker 72 28026 78 1 Oust Collector slO 216 low flleovos 84 2 dot* Sleeves 7 281 78 - 1 8uap has 128 77 1 Crane tChala Block 626 t.lt at Ctw.. tewa. 1 t' Zt was resolved that Cheeues Drawn on 6o 1 looount for 17.616* 4* 2 (excluding transfers to Vo* 2 Account, etc*) and Vo* 2 Aoeount for 8,088* 7 6, a total of 20,67111* 8 be approved* f.i-V . ! } ! v-. !-Y*` 81 TRAHAN BUI: A.BtSICS ffl 1 f. -9 FEB 1949 ""pKRtH, W.A. i It m refolded that the 5Q,000 ordinary iharaa of 1 MeA. nmbered 450.001 to 500,000 inciasiro, bo allotted to The Colonial 8ofor defining Coopmy ltd* la taraa of that Coapaay'* application* aad that 1/- per sharo bo payable a* allotomt root oo och aharoo* <*ll oq Bft*ro It waa rooolred that a call of 4/- por aharo bo mado oa tho 50,000 ordinary aharoa of tho Coapaay authored 460,001 to 500,000 lncluolvo, making aooh aharoa paid up to 6/- aad that aueh call bo dao and payablo imodiately to tho 8eor*tary at tho Registered Office of tho Coapaay* Jt f| ' j u MUnJTgg OF MEETING Qg DIRECTORS Of AUSTRALIAN. BLIPS ASBESTOS LTD. Held at No*. 1 O'Connell Street* Sydney on Tuesday* 15th February* 1349 at 10*30 aa Present! Messrs* Powell, Brown, Baird and Hlnslle* J Confirmation of Minute^* The Minutes of the Meeting held go lath January* 1949 were read* confused and signed* , Report. The Manager's Report for the month of January* 1949 was tabled and approved* Statement* The Financial Statement shoving expenditure for January* 1949 van tabled and adopted* / Production. saiwa nd Progress Statement for the period 1st January* 1949 to 51st January* 1949 was tabled and approved* / Plant Hired from The C.S*R^_ Co.ltd.- Zt vas propoaed that approval be given for the following plant when purchased to be hired from The Colonial- Sugar Refining Co.ltd* on the usual terms * Form Ho* 79 Hlectric Locomotive vlth Charging Penal 9*078* CaoilaJ. Expenditure. The following Capital Expenditure vat approved!* Form Mo* 78 Hydrometer. Hr Meter* iserold Mabrometer, Barometer for underground ventilation and field work 83* / of Ghatmes Drsya. It vas resolved that cheques dlraszn on Kol Accomt for 19*159*11* 2a(excluding transfers.to No* 2 Account) on No* 2 Account for 3*219*19* 9 end Township cheques for December and January for a total of 5*494* 8. 1 be approved* (Grand Total 27,873.19. 0). Issue of Share Cartlflcwta- It was resolved that 8hare Certificates Nos* 28 end 27 for 50*000 ordinary shares try * numbered 400*001 to 450*000 inclusive and for 50*000 /y / ordinary shares numbered 450,001 to 500*000 lnclusiva 7f\ In the name of The Colonial Sugar Refining CoLtd be sealed with the Company's seal and that Mr* H*R* Brennan^ be authorised to countersign such Certificates* Cali on shnt. it was resolved that a call of 4/- per share be mads cn tha 53,000 ordinary shares of the Company numbered 450*001 to 600*000 Inclusive making v such shares paid up to 10/- and that such call be due and payable Immediately to Uie -Secretary at the Registered Office of the Company* .VI. no no tied fcor^ia il ~v.aL "io rff^ 'i- s 9:l.t lz\. -iihlh - Jo/tt biu . WO Sii'.Y iSlCi 3 Ti ':sz: r. i oiO) --j.'.ujn ifl'TO r.te /a 3J LLyO, 'If* :: 78 ba.4 l VrO r0 1 Mflmlnal Capital, it was resolved that an Extraordinary General Meeting of Shareholders he held at No*l 0*Connell Street, Sydney on a date to be fixed In the near future by the Managing Director to consider and if thought fit, to pass the following Special Resolutions* "That the Capital of the Company be increased to 1,000,000 by the creation of 500,000 additional ordinary shares of 1 each which will rank parri passu with the existing ordinary shares of the Company and that such shares be issued at such times and to such persons upon such terms and conditions and with such rights and privileges as the Directors shall from time to time determine but subject In all respects to the articles of Association of the Company"* . It was further resolved that on the date being fixed by the Managing Director, the Secretary be instructed to send out notices of the Meeting to all Shareholders entitled to receive them* / Appointment of Manager etc* She Managing Director reported that he had made the following appointments and asked the Directors to confirm fames- Mr* G* Morgan appointed Manager at a salary of 3000 per annua* 4 Mr* C*B* Broadhurst appointed Assistant Manager without change of salary* Mr* PC* Thomas appointed Mine Manager at a salary of 1500 per annum* These appointments were confirmed by the Directors* Chairman. / OF APSTSULIPT BLUE ASBESTOS LIMITTO l ? MAR j94q ^-37*.' Held At Ho* 1 0*Connell Street/ Sydney on Tuesday* 15th March, 1949 at 10*30 a*a* Prsaanti Messrs* Powell, Brown* Baird and Elmslie* Confirmation of Minutes. The Minutes of the Meeting held on 15th February, 1949 were read* confirmed and signed* Manager*a Rewort. The Manager*s Report for the month of February* 1949 was tabled and approved* Financial statement. The Financial Statement showing expend!ture forFsoruary* 1949 was tabled and adopted* tna gs.9rt ,, *"*?* stl*"?*or wthaes ptaebrlieodd 1ansdt Fapepbrrouvaerdy** 1949 to 28th February* 1949 Plant Hired from Ths_C*SR* go* Ltd* It was resolved that approval be given for the following plant when purchased .to be hired from The Colonial Sugar Refining Co* Ltd* on the usual tsrmsi- Fom So* 61 Lubrication Systsm for 14BU Joy Loaders 83 8 Elmco Model 12B Mechanical Loaders 1*250 2*500 Canital, Bnendlture. The following Capital Szpenditure was approvedf- Fora So* 60 Sleep-out at Staff Quarters B2 Huts at Township 65 2*300 Mat gg Chtmtl.PTITBs ,, Jt TM*S80iv?J that cheques drawn on So* 1 Account for 15*597* 6*11* on So* 8 Acoount for 8*205* 3*11 and Township cheques for a total of 8*189*19* 0 be approved* Call onShara_e* It was resolved that a call of 4/per share be maade on the 50*000 ordinary shares of the Company numbered 450*001 to 500*000 inclusive making such shares paid up to 14/- and that such call be due and payable immediately to the Secretary at the Reg istered Offlee of the Company* (U^ k ___________ l* The Managing Director reported that pursuant to the authority given to him by the Board at the meeting held on the 15th February* 1949* he gave instructions to the Secretary for Sotlces to be sent convening an Sxtraordlnary General Meeting on Tuesdays 5th April# C 078. Held at So* 1 O'Connell Street, Sydney on ' Tuesday, -,19th April, 1949 at 1930 a*m* Present! Directors - Messrs. C*V*B* Powell (Chairman) 1*0* Brown and *J* Baird In Attendance-Mr* S.H* Brennan* Confirmation of Miantea. The minutes of the meeting held os 15th March, 1949 were read, confirmed and signed* Manager's Report. The Manager's Report for March was tamed and adopted* The Manager's attention is to be drawn to the fact that it is noted that the actual expenditure exceeds the estimated expenditure to date this hair-year by approximately 2000* Production^ Sales and Stocks. Progress Statement for the period 1st January, 1949 to 31st March, 1949 was tabled and approved* Plant Approval was given for the following plant men purchased to be hired from The Colonial *ugar Refining CoLtd* on the usual termsi- Porm So. 86 - l Compressed Air Reoelver 200 It was resolved that the following Capital Expenditure previously approved should now be purchased by The C*S*R* Co.Ltd. and hired from that Company on the usual termsi- Part Form Vo* 61 - Rubbish Truck 850* was approvedt- Qie following Capital Expenditure Porn So* 84 - Hyproof enclosure at Staff Quarters 7B* 85 - Pneumatic .Band Drill * 55*. 87 - BolkTotl Storage Systoi 2650* (of Aleh 1700 is to be reimbursed by the Co--onweslth 8 f*A* state Oovts*) .4k ft*. tteguee drawn on So*l Aocount r, ge Sc*8Aesoomt-for 2,822*17* 4 and Township checutp fcr 8,980*17* 4, a total of _ It was resolved that s call of 6/- made on tha 50,000 ordinary share# of the snmbered 400*001- to 500,000 Inclusive making esfmij peid anrt that such eall~bed*e and latttattlp^o the-SPoretary at the keglstered C 0783 O.TTRALXAM 3LUS SBgSTCS 5ATT-- Held at Bo. 1 G*Connell Street, Sydney on Tuesday, 21st June, 1949 at 10 a** Present! Messrs* C*~*R* Powell (Chairman), 'A*J* Baird, .nd 0* Brown* la Attendance! Br. B.B. Bresn&n* Confirmation of Bluntest The Minutes of the meeting hsvi on -iota May, 1949 were read, conflreed ind signed. Monthly Report! The Report of the Manager for May was taoled and adopted* Production. Salas and Stocks* Progress Statenant for the period 1st January^ 1549 toolst May, 1949 was tabled and approved. Rlred fron The C.S.K.Co* Ltd* Approval was given for the following plant wnenpureaased to oe hired fron The Colonial Sugar Refining Co* Ltd* on the usual ternst- Fem Ro* 94* 1 Squirrel Cage Induction Motor 97* Capital gxnonditnre. The following Capital Expenditure was approvedt For* Ro* 93* Purchase of 2 Sxide Batteries * 95* Purchase of 1 Denver Model Drifter* * " - 36* Install Brovett Lindley Conpressor. 783* 333* 310* Profit and Loss Account Profit ind Loss Account for the four weeks ending 7th June, 1949 was tabled and approved* List of Cheouea Drawn. Cheques drawn on Mo* 1 Account for 39,632* b* 3, on Ro* 2 Account for 31,163*18*1 and Township Cheques for 3672*15*0 were approved* Call on Shares. It waa resolved that a call of 8/- per share oe aide on the 50,000 ordinary shares of the Ccapany numoered 500,00> '( / to 550,000 inclusive making such shares paid up to 16/- and that *7 ' such call be due and payable iMediately to the Secretary at the^ Registered Office of the Conpany* Offer of Shares* The Chairman announced that we hive received notice in writing fron Lionel Chrysotile Asbestos Pty* Ltd nod ! *est Australian Blue Asbestos Fibres Co* Ltd* confining th-.t they v do not wish to tike up the shares to which they ire entitled in the issue of 100,000 shares sabered 500,001 to 600,000* v Present:- Ur. K.O. Brown, (Chairman), Mr. J.A. Elmslie, and Mr. W.J. Baird. In Attendance:- Ur. H.R. Brennan. Confirmation of Minutes: The Uinutes of the meeting held on 21st June, 1949 were read, confirmed and signed. Monthly Report: The Report of the Manager for June was tabled and adopted. Productions Sales and Stocks: Progress Statement for the period 1st-January, 1949 to 30th June, 1949 was tabled and approved. Plant Hired from the C.S.R.Co. Ltd.: It was resolved that approval be given for the following plant when ourchased to be hired from The Colonial Sugar Refining Co. Ltd. on the usual terms: Form No. 98 Battery Chargers for Mancha Locomotives. n No.100 1 Ford V8 Sedan. " No.101 Installation of Surge Bin. 2,000 1,000 3,840 Capital Expenditure: It was resolved that the following Capital Expenditure be approved: Form No. 9? Steelwork for Power House rt- " 25) Additional Expenditure to 82) Single Mens accomodation of "" ff 61 Additional Expenditure to Hotel of 10,500. 5,000 2,000 Profit and Loss Account: It was agreed that the Manager should be advised that the usual 4 weekly Profit and Loss Statement-' should be rendered as at the end of the period at which the halfyearly accounts are prepared. June Expenditure: Cheques Drawn on No. 1 Account for 3070 and on No. 2 Account for 23654 and mine cash expenditure of 8130 being a total expenditure for June of 34,854 was approved. It was noted that the receipts for the month from Sundry Sales, Government Refunds etc. were 8782 and from Fibre Sales 8205. Call on Shares: It was resolved that a call of 4/-d per share be made on the 50,000 ordinary shares of the Company numbered 500,0 to 550,000 inclusive making such shares fully paid and that such call be due and payable Immediately to the Secretary at the Registered Office of the Company. Jr Issue of Capital. It was resolved that a further issue oficapital be the extent of 50,000 ordinary shares of 1 each to be numbered 550,001 to 600,000 inclusive be made and that such shareafirank ^1 pari passu in all respects with the ordinary shares form-**--part 'j' of the original capital of the Company, and be payable o . shdllingJ 1/-) per share on application and one shilling (1/-) per share.- on. allotment and the balance in calls of such amounts and t be*made-.-t , at such times as^the Directors may decide. It isfurther shares be- allotted to the Colonial Sugar Refining of that Company's application, dated..l9th July, _v.-; Praagnti Directors - Messrs. C.W*R* Powell (Chairman), E*0* Brown, J.a* idnslle. In Attendance - E*R* Brennan* gigging? The Blmntes of the meeting held on 19th July, 1949 were read, confirmed, and signed* Vemthlr Reportt She report of the Manager for JUly was tabled and adopted* Production. Sales and Stockst Progress statement to 30th June, for July was tabled and approved* nm% Bftrii ftg.,PtggfW*,i It was resolved that approval bhe aSivan for the following plant when purchased to be hired from The Colonial Sugar Refining Co* Ltd* on the usual terms i-- FOrm No* 102 Office Furniture for the New Perth Office...................................... 50* p7***flt I<oa3 Accoonti Profit and Loss Account for the 2 w*E* 2ist June, 1949 and 4 '7.2. 20th July, 1949 was tabled and approved* TtiTt ^pendltores Expenditure during July amounted to 36,327 ana receipts 147638* (Fibre Sales 5510, Sundries 9,128;* Cheque lists as under were presented for approvalt 90* 1 25,730. 2* 8 No* 2 21502.16* 10 Call on Shareat It was resolved that a call of 8/- per share be nade on the 50,000 ordinary shares of the Company numbered / 550,001 to 600,000 inclusive Baking such shares paid up to 10/- and that sueh call be due and payable Immediately to the < Secretary at the Registered Office of the Company. Issueof Share CertlficateatIt was resolved that share certifies Bo* SO for 50,000 ordinary shares numbered 550,001 to 600,000 /*'] inclnsive in the naae of The Colonial Sugar Refining Co* Ltd. M's / sealed with the Company's seal and that Hr. H.R. Brennan be T ' authorised to countersign sueh certificate* Leaso -- WalterwManaet It was resolved that the action of four DUBoims m ctBingpeimisslon for. the "Transfer of Lease or Therein" and conditional surrender foxms in respect of Leasee Hoe* 19H, 22B and 24H be signed and sealed with seal and countersigned by Ur. H*R* Brennan was The Chairman advised that Mr* P*B* Reagan, Is due to arrive In Sydney on. 20h ingust, ve at Nlttenoom on EOtfcJagust, 1949. C 0788 Chairman* AL1. J BUS ASBESTOS ** IXlmtes of Meeting of Directors hold at 'to* 1 0*Connell Street, Sidney on Tuesday, 20th September, 1049* Present! Directors* Messrs* C*?*H* Powell (Chairman), ?*A Slmslie, ?*J Dalrd 2nd K*0 Drown* Ta Hr. H*B* 3rennazu The Minutes of the Meeting held on 16th August, 1949 were reed, confirmed and 3igned* Honthlr Reaorti The report of the Uanager for August ras tabled and approved* Production. 31m aM Statical Prores statement for the period 1st July to 31st <ngast, 1949 was tabled and approved* It vas decided that a mlnlrnw of 50 tons of Grade 3 Fibre should bo held In stock at Fresantld* Plant Hired frtm the C*3*R*Co* Ltd* It was resolved that approvalbo glTmrorie following plant when purchased to be hired from the Colonial Sugar defining Co* Ltd* on the usual terms* 103* 104* 59* Purchase of 6 Gardner Denver rlfters****L499 Purchase of Air Compressor for Joy Shuttle Cars*.*115 Increase In price between date of order and date of despatch - 2 AUty MacLellaa Compressors*.**.369 Capital Expenditure! It vas resolved that the following Capital Expenditure be approved* 10S*Purehase of 500 feet Conveyor 3eltlr.~*****SSO Expenditure disbursed during August, *** m**335 was opprovsd* Receipts totalled 89,314 (fibre Sales 0.5,085 and Sundries 01*429) Cheque lists, as under, presented to the neeting were also approved* SO* 1 Aecount******32,848* 4* 4 So* 2 Account*******08,208* 3* 3 Capitali The Chairman announced that approval had been reoeived from the Capital Issues Board for the issue at Par of not sore than 100,000 Ordinary Shares of a zrjBlnal vlaue of O each* C 0789 ..tISTRALIAI? 1LJB A:T3T~T07 illnates of ileeting of Erectors hold at IJo. 1 0*Connell street, Sydney, an Tuesday, 18 th October, 1049* P: Proctors* 'lossrs* H. 3reakspeere (Chalrsan) j*A* aiasll e, ~.J. 3oird, ^nd U*G* Sing. m Attendance* ttr* H*R* 3rraan. the Minutes of the Meeting held on AOth ^eptaaber, 1949 were read, confined and signed* Prodnettop-jalea Stocks! Progress statement for the period 1st July to 30th Septeober, 1949 was tabled and approved* It was noted that the la3t Dl3barseeent Sheet (shoving the Production, etc*) was for 2 weeks ended 16th August rnd it was reaolvod that the Manager's attention 3hould again be draws to this natter* t Zspenditure disbursed daring 'epteober, T4e wasM|iO0 a9 aOp^pyirVoTvVedU*t r eceipVts# totalled 26,812 (Fibre Gales 10,714, Sundries 16, Cheque list, as under, presented to the n also approved* So* 1 Account**.*30,9 As the list of cheques drawn on Bo* 2 Account had not been received it was decided that the Manager should be asked to forward this list as soon as possible* CalhjgL^]M&2* It was resolved th-t call of 6/- per share be made on the 50,000ordnary shares of the ecopany sabered 580,001 to 600,000 inclusive waking such j shares paid up to 18/* and that such call be due and ' payable lasedlately to the Secretary at the Registered Office of the Cospiny* It was resolved that the next Directors' M held os the 1st Novasber and until further settee, should be held at regular four weekly Intervals* C 0790 AQmiUiUUBLA of B--tlnc of DlmttH telM 4t to* 1 Q*C--IT atmt SJ*M7| 1st Iomtar 1*9* A latiri* C.VJl* povsll (Cbtintt) tlf 1Q BTOM* Baird* xr. 14. Tbs Wants* of .tbs Msstlnf bold ea l8tb Oetobor* 15M Tbs rsport of tbs N--fsr for tbs psrlod lltb Ostsbsr* 19*9 mm tablsd sad appr--d* dis far tbs parlad 1st ts Uth _ ; sis. 9*705 _ appmfnd* Bassists tstsllsd 02,595 (Fitts salsa 8 *3*965). Lists* as to tbs asstlag for Isl Ass--t Ps* lltb Ostol f 946202* 5* ts2 Aseo for Ss.pts_n__b_sv l.b_*&9..* 0*. 5* P.S* Utb Oatobsr --X--*-6--b--l-*--1-57<. 6. Flat Rind rwoi-- thst awtasal bs tlrsa far tbs fallowing impplsawititr Ti--ttun a plaat to bs hlrsd fro* Tbs colonial Smear Bsflalac ca* Ltd* 77 Additional Bzpsndltar# to Crsas _ for Potar Seats* 88 tspsnditava b fitt1&C bydraalle Holsts to 2 tip tracts* H6 b$0 It was rsselvsd that a sail of V/ bo nods os tbs 50*000 ordinary sharas of tbs -- in I 550*001 ts 600*000 laslasitr / barns folly said sad that snob call bs das and psyabla.f--dlstslr ts tbs sssrstary at itsclstarsd Offiss of tbs nssltsd that a fartbsr is-- sf Capital ts 60o0f*ooStjMtsA6a5r*d0l0a0nVr*lasshlonraelsToofbfsl,nsdnMtsd.Wttet ' ssa la all rsspssts, nitfctbai _. _ part sf tbs original easftal sf tbs Cn--nr* sad bs --abla -- sbllltef (2/^psi satlaa snfona abUUnr (IAT ad tbs bslanss in sails of -- a--ata ts bs aads at snob tints as tbs Dirsstarn myt It --- fStlhsp --land that mb shatnt bn* ts tbs Colonial 8ocar ItfSilai Ce. Ltd* ts-astlfy nanltnd that tbs in--1 Jtmmrsl sf tbs Colony bs bald at ls*l at 16*30 a.m* s tassdsy, 291b bs toil--lad Ad? N*2**os lio-L'-v-r..; ox "ix-ociors heii -t Do* i 0*Carr.oll Ctreot, i/.dncy, on Dassday, JDth Vov3ber, 1340* ?TC3on'6t ^Irgetoro. Nepers* 0*VVD* Powell ^Chtiirnon) T*... Unslie :-n*i E.0*3rotKi. In '!?* Dr'rmon* Nlmtesi .lie ninutea o.' Che -oer-inr hold cr tu.o l.'t ''ov-'r-.bor^ 1349, . o'i-, .cr.iirrto'i "d 'oncm. Manager*-; ' poors: .he report or the h^corror for the -pclis otKioei ' :h Dovryjcr, 1343, '.*>ro : -bleu .:i .pprovod* \ bare .iaburaed Cor -nho 4 ?eeka *?n led 1th ..'49, Vl2*, xj*i|lvCi *<C13 -yprored* ocei:t3 :13,C42 (?ibre Sales ::il .aid lucdrlos 116, y4C) Cheque ilst3 .s under .oro roa'"*us,*'l the -:oetlR- o r r^roT.l:- No* 1 ..coaust No* - * 1 3* ? Loss :1&i Profit md Loss /.ecount for . . 3th November vus tabled -aid "pprovpd. Prodoetlon, Coles and Stgcfcas Progress :t.uter.t Cor -.ho period 1st July to 6th liOTecber ms sajaed aid .pprovod* Capital ~xpqndl*yj| It cas resolved that the follo-riRrr Capitol izpenditure bo approvedt- TTo* 5* storage Depot Cor Tow.ship****:s: Canltali / It eas resolved that the o;T'r the additional 50,000 shares nuDborei 600,001 to 650,000 inclusive, to the Colonial Cugar r.oflnlr.g Conpan.- Ltd*, uv.le on 1st DoverPer, 1349, be aithdrat :aid the Donating Director be authorised to negotiate - loan of 50,CB0 Croo Ihe Colonial Sas'.r 3ofihirc Co* Ltd* .-n tores to be ^Arranged by his* heel stared Office* It ras resolved that the r.ogistorcd Office j ^ortneCoapany be sored frota 18 ^llllaa c treat, Perth, / to OltteaooB Gorge, Enaersley Pangea, Western Australia. Nanageri Or* G* Borgan resigned his position of Manager as froe the 15th Eovenber, 1949 and Sr* P*H* "`.eagSB * Taa appointed Manager as fron the snre d:.te* J ~acretara It ras resolved that Sr* ~*D*Johnston be ^ppointod ' Secretary of the Ocnpany in place of Nr. C. ~~est* 'M""* -^SSL 30th Jtoe, 1349, together tith the Auditors* Deport thereon and the Directors* Deport 'ms tabled and approved and the Balance Sheet and Directors* Deport vere signed* I ifter n-esotiatirr with tha C.Zw^Co* Lti, it ha* been agreed by that Ccspaay to offer staff positions to those of oar officers with the necessary qualifications* 2ie officers concerned ri11 be or. loan from the C*3*H*Cd. Ltd* sad regain cm the Fey Roll of doatraXlan Blue Asbestos Lti. Alternate Directors* it 7a* resolved that eoproml he riven / for the appointment of Hr* E*n* 2rmaa as alternate Director for- He. J*L* fucker. Chalman* iBMwranr a--b -wl ofJM*t*n* afMl'iniiil bald at to* 1 Stag--t, Srdam oft tfataoado?^ 28th* t 1W| a* 10*1? ** Dlr--tors - IfBMMt C*W*B. D--11 (Chair--*} J.A.P--11a hiO.Tlns (aitir--ts Dir--tor for hr* 1*0. Brews) asft U*1-- (al--ta dir-- for W 2.1* Tartar)* B amt-- of tha wtitni bold os tha 29th* Humsbar, 19^9* -- nadt 11 iftr--il and s' report of tha Hosagjaa: r for tha fear aadaid 6th DDateaansbbaarr*7l1994**99 vu tab)ad and Ltara dlsbnsad for tha four 6th Da--har 19*9* rist S|06O vaa appro--d* Baaalpts totallad 9096 (fltsa Sal-- 111 Snndrl-- 9096)* ffhofta lists as --dar a to tha aaatlri for approvals* So*l Vo*2 Profit and Loss Account for foor --aka_____ *6th Dacaaharf 19**9* vas tahlad and appro--d* Prncra-- Stata--nt for tha period 1st July ta 6th Dteashar* 1949* *-- tabiad tad approved* It vas ratnltart that tha folloslng Capital Szposdltora ha approval- 61 Additional aaaandltara on - Bstehars m 2 2 Additional expandltsre on 3* P--pa ata* ........,.50. 8* 0 It CnlnSal^ that pay--ta 1--d `near fiaflalnf<h* ltd* bains parties of tha t50,000 authnrliad at tha o-f--2--9--t-h" ` * nor tafllad f?6t000* / Ha " ` ` to ftca tha Colonial Sugar ea* Ltd* as and vfaa* ramlrod* Zt a-- di to a-- tha C*8JU Co* ltd* for a farther of 32*00C'to for tha paslodr 28th Dimttt to 2*ith * 1950. trirlhM>tr41 ha pay*U*~l|r MOT hqr tha --lay--* 2t thefcafor* ra--1--d thafc-thaafrea--ofc eealed^lth! the- C--mays--ad!--ifc.tfartrSS!^ to z. to mmmpt tha n imiTW ^nha-- -5- ^ -4Z Tho Manager. TleegM, haloes traatoA throa acetth* I0M vithoot- pay aa& Mr* S*0JNn has boomappoiafcoA lotlnc Hraoior dtrrln* his C 0795 IN MATTER OF HEYS V. MIDALCO NO 116! OF 1987 irrruTEs or fFc?rrc PRODUCED IN MATTER BARROW V. MlDALCv NO 1148 OF 1987 of pIP.FCTORSOF AUSTRALIAN_ BLUE. ASBESTOS T.TrtfWft Held at 1 O'Connell Street, Sydney, on Tuesday, 18th January, 1043 at 10.30 a.m. i i Present; Messrs. R.O. Brorn (Chairman), J.A. Elnslle and tf.J. Baird. - Confirmation, of 'finutes; The Minutes of the previous Meeting were read, confirmed and signed. i Manager*s Renort; The Manager's Report for the month of December, 1343 was tabled and approved. Fxnendltur* Statement ate: The Financial Statement shotting expenditure for December, 1948, and estimated Profit and Loss Account for four weeks ending 21/12/43, was tabled and adopted. Production, Sales and Stocks; Progress Statement for the period from 1st July to Slst December, 1946, was tabled and adopted. Pt-.nf Hired f-on C.S.R. Co.Ltd.: It was resolved that approval be given for the followivig plant when purchased to be hired from The Colonial Sugar Refilling Co. Ltd. on the usual terms: - Fora Ho. 74-1 Crossley Diesel Engine 12050 1 do. 9631 3 Pumping Units 272 1 Circuit breaker 77, 23026 75-1 Dust Collector H5 216 New Sleeves ' 34 2 dot. Sleeves 7 251 76 - 1 Sump Pump ------ 122 77 - 1 Crane & Chain Block 653 List of Checues Drarm: It was resolved that Cheques Drawn on No. 1 Account for 17,610, 4. 2 (excluding transfers to Wo. 2 Account, etc.) and Wo. 2 Account for 3,055. 7. o, a total of 20,671.11. 8 be approved. Produced in Asbestos Pprs^nai Injury Cases-. Vc-r.a ir ^c copied to ELr,aid Scrucc- Produced in Asbestos Personal injury Cases: AbraT- copied to Richard r. JD IN MATTER OF Ht'YS V. MIDALCO NO 1161 OF 1987 PRODUCED IN MA BARROW V. MIC NO 1148 OF 1 Allotment of Shares; It was resolved that the 50,000 ordinary shares of 1 each, numbered 450,001 to 500,000 inclusive j be allotted to The Colonial Sugar Refining Compan; r Ltd* In terms of that Company's application, and that 1/- per share be payable as allotment fees on such shares* Call on Shares? It was resolved that a call of 4/- per share be made on the *50,000 ordinary shares of the Company f numbered 450,001 to 500,000 Inclusive, making such shares paid up to 6/- and that such call be due and payable Immediately to the Secretary at the Registered Office of the Company* t *OL'VCTED IN MATTES OF *tYi . MiDALCO NO 1161 OF 1967 HIHPTSS OF MEETING. Qg_DIRECTORS Of AUSTRALIAN BLUE ASBESTOS LTD, BARROW v NO 1148 Of Hold at No* 1 0*Connell Street* Sydney on Tuesday, 15th February, 1949 at 10*30 a.m. Present* Messrs* Powell* Brown* Baird and Elmslie. Confirmation of Minutes.. The Minutes of the Meeting held on 18th January* 1949 were read* confirmed and signed* Manager Report. The Manager's Report for the month of January* 1949 was tabled and approved* Financial Statement- The Financial Statement showing expenditure for January* 1949 was tabled and adopted* Production. Seles and Stocks. Progress Statement for the period 1st January* 1949 to 21st January* 1949 was tabled and approved* Plant Hiredfrpm The C.S.R^Co.Ltd* It was proposed that approval be given for the following plant when purchased to be hired from. The Colonial Sugar Refining Co.Ltd* on the usual terass- ,J Form Bo* 79 Blectrlc Locomotive with Charging Panol ** *072* Capital.Expenditure* The following Capital Expenditure ' was approved*- Fora No* 79 Hydrometer* Air Meter* Aneroid Mabrometer* Barometer for underground ventilation and field work 83* Ilst_of Cheques frrayn. It was resolved that cheques drawn on No.l Account for 19*159*11* 2 (excluding transfers.to Ho. 8 Account) on No* 8 Account for 3*219*19* 9 and Township cheques for December and January for a total of 5*494. 6. 1 be approved* (Grand Total 27*873*19* 0). Issue of Share Certificate* It was resolved that Share Kf Certificates Nos. 25 end 27 for 50,000 ordinary shares tfty numbered 400*001 to 450*000 Inclusive and for 50*000 /./ ordinary shares numbered 450*001 to 500*000 inclusive tr /\ In the name of The Colonial Sugar Refining Co.Ltd* be sealed with the Company's seal and that Mr. H.R. Brennan^v be authorised to countersign such Certificates. ^ Call on Shares* It was resolved that a call of 4/- per share be mada on ths 50,000 ordinary sharo3 of the t/ Company numbered 450.001 to 500*000 inclusive making r such shares paid up to 10/- and that such call be due N and payable immediately to the Secretary at the Registered Office of the Company* Produced in Asbestos P^rscrr __ Copiedto R:-_Hr.i:aarrisScJr*u6gJgasna heysv. mioaico NO 1161 OF 1997 Nogina* It was resolved that an fectraordinary . General Meeting of Shareholders ha held at iio.l O'Connell Street* Sydney on a date to be fixed in the near future by the Managing Director to consider and if thought fit, to pass the following Special Resolution!- "That the Capital of the Company be increased to 1)000,000 by the creation of 500,000 additional ordinary shares of 1 each which will rank parri passu with the existing ordinary shares of the Coapany and that such shares be issued at such times and to such persons upon such terns and conditions and with such rights and privileges as the Directors shall from time to time determine but subjeot in all respects to the Articles of Association of the Company It was further resolved that on the date being fixed by the Managing Director, the Secretary be Instructed to send out Notices of the Meeting to all Shareholders entitled to receive them* , Appointment of Manager etc* Die Managing Director reported that he had made the following appointments and asked the Directors to confirm samet- Mr. 0* Morgan appointed Managerat a salary of 3000 per annum. J Mr. C.E. Sroadhurst appointed Assistant Manager without change of salary. Mr. P.C. Thomas appointed Mine Manager at a salary of 1300 per annum. i These appointments wore confirmed by the Directors. Chairman. Produced in Asbestos Personal Injury and cooied to ftuivsrci r. uggs v i PRODUCED IN MATltK v> : *HEVS V. M1DALCO NO 1161 OF 1987 - S , V yIHUTES FOR MEETING -QE_P_IRECIQB OP AUSTRALIA^ BLUB ASBESTOS LIMITED ^RODLCCDINM; jtil: AFsSSFIW- mi: 148 OF . Held at No* 1 O'Connell Street* Sydney on Tuesday, 15th March, 1949 at 10*30 a*m* Presenti Messrs* Powell, Brown, Baird and Slaslie* Confirmation of Minutes* The Minutes of the Meeting held on 15th February, 1949 were read, confirmed and signed* Manager*a Report* The Manager's Report for the month of February, 1949 was tabled and approwed'* financial Statement. The Financial Statement showing expenditure for February, 1949 was tabled aid adopted* Production. Sales and Stocks* * Progress Statement for re period 1st February, 1949 to 8th February, 1949 a tabled and approved* Plant glred_from The_C*S*B* Co. Xtd* It was resolved that approval be given for the following plant when purchased to be hired from The Colonial Sugar Refining Co* Ltd* on the usual termss- Porm Ho* 81 lubrication System for 2 14BU Joy Loaders 83 2 Elmco Model 12B Mechanical Loaders * 1,250 2,500 pacltal Expenditure* The following Capital Expenditure was approved!- Form No* 60 Sleep-out at Staff Quarters 62 Buts at Township 85 2,300 frls t_cf_CheQUes Drawn. It was resolved that cheques *avn on No. 1 Account for 15,597* 6*11, on No* 2 Iccount for 2,205* 3*11 and Township cheques for a total of 2,129.19. 0 be approved* pall on Shares. It was Tosolved that a call of 4/per share be made on the 50,000 ordinary shares of the Company numbered 450,001 to 500,000 inclusive making suoh shares paid up to 14/- and that such call be due and payable immediately to the Secretary at the Reg istered Office of the Company* General Meeting. The Managing Director reported that pursuant to the authority given to him by the Board at the meeting held on the 15th February, 1949, he gave instructions to the Secretary for Notices to be sent convening an Extraordinary General Meeting on Tuesday, 5th April, 1949* ft Chairman, teaEwry* riai . IN MATTER OF HaYS V. MIDAtCO NO 1161 OF 1987 .___ M -J * , . ** ' PRODUCED IN MATTHs OF BARROW V. MIDALCn NO 1146 OF 19*7 Minutes of Extraordinary General Meeting of Shore* hollers held at 1 CfConne.l Street. Sydney, at 10*00 &*b* on Tuesday, 9th April, 1949 gr?8taV jmizuiL TTRInci Motion! Messrs* C.ff.R. Powell (Chairman), V*J Baird and J*A. Elaslie*"Xh attendance Messrs* 8* E* Breafcspsare and 8*RBrennan* The Chatman informed the neetine that tha Colonial Sugar Refining Co* Ltd* and Messrs* Tucker, Layton, Bright and Hancock were duly represented at the meeting by proxy and that the meeting was therefore duly constituted* A Copy of the notice convening the neetlng was read* Zt was novel fcy Mr* C*W*R. Powell, seconded by Hr* J. A Slnslle, and carried unaninously that the following Resolution be passed as a Special Resolutions "That the capital of the Conpsnybe increased to 1,000,000 by the creation of 500,000 additional oriinary shares of 1 each and that such shares be Issued at such tines eni to suoh persons, upon suoh terns and conditions and with such rights and privileges as the Directors shall fron tine to tine determine, but subject in all re* speets to the Articles of Assoc iation of the Coapany* The Meeting then ternlnated* Chairman. 6 PRODUCED IN MtfRER OF HEYS V. MIDALCO NO 2161 OF 1987 PRODUCED IN MAT barrow v mid; no 1148 OF 15 MTWTTTKS OF MEETING OF DIRECTORS or AUSTRALIAN BLT7E ASBESTOS LTD. Held at Ho* 1 O'Connell Street, Sydney on Tuesday, 19th April, 1949 at 10*30 a.m. Present; Directors - Messrs* C.W.R. Powell (Chairman) K*0* Brown and W.J* Baird In Attendance-Mr* BR* Brennan* Confirmation of Minutes* The minutes of the meeting held on 15th March, 1949 were read, confirmed and signed* IfanegerJg Report* The Manager's Report for March was tabled and adopted* The Manager's attention is to be drawn to the fact that it is noted that the actual expenditure exceeds the estimated expenditure to date this half-year by approximately 3000* CO'D o Ca Wc> S2-o Production*. Sales, and Stocks* Progress Statement for Qp.Cto 2u the period 1st January, 1949 to 81st March, 1949 was w nW tabled and approved* 11* Plant hired from The C,S*R, CoLtd> Approval was i given for the following plant when purchased to be hired from The Colonial Sugar Refining Co .Ltd* on the usual terms:- L .Si C m `goo Form No* 86 - 1 Compressed Air Receiver 300 It was resolved that the following Capital Sbcpenditure^*,'ea previously approved should now be purchased by The C.S*R. Co*Ltd* and hired from that Company on the usual 'terms:- - Part Fora Ho. 61 - Rubbish Truck 850* Capital Expenditure. The following Capital Expenditure was approved:- Form Ho. 84 - Flyproof enclosure at Staff Quarters * 75* 85 - Pneumatic Band Drill 55* i 87 - Bulk Fuel Storage System 3650*___ (of which 1700 is to be reimbursed" by the Commonwealth & W.A. state Govts*) List of Cheques Drawn. Cheques drawn on No.l Account for 21,901.13. 9, on No.2 Account for 3,623.17. 4 and Township cheques for 2,980.17. 4, a total of 28,505. 8. 5 were approved. * Call on Shares. It was resolved that a call of 6/- per share be made on the 50,000 ordinary shares of the Company numbered 450,001 to 500,000 inclusive making such shares fully paid and that such call be due and payable immediately to the Secretary at the Registered Office of the Company^ * 'V Vi ; I V 'JZj I - ~lD in matter of HEYS V. M1DALCO NO 1161 OF 1987 PRODUCED IN MATTt? BARROW V. MIDAIC NO 1148 OF 1987 Isaac ..of Capital. The Chairman reported that the consent of the Treasurer dated 23rd March, 1949 had been received for the issue at par within six months of not more than 100,000 shares of a nominal value of 1 each for cash subscriptions by The Colonial Sugar Refining Co* Ltd* only. \ r. rebfiuCEDTNMArraoF ^ HEYS V. MIDALCO NO 1181 OF 1987 PRODUCED W MATTE? BARROW V. M1DALC NO tlttOF 1967 MINUTES OF MEETING OF DIRECTORS Of AUSTRALIAN BLUE ASBESTOS LTD. Held at No. 1 O'Connell Street, Sydney on Friday, 20th May, 1949 at 10.0 a.m. ^Present: Messrs. C.W.R. Powell (Chairman), W.J, Baird, and J.A. Elnslie. In Attendance? Messrs. B.R. Brennan and M.G. King. Confirmation of Minutes. The minutes of the aeetine he on 19th April, 1949 were read,.confirmed and slenedl Manarer's Renort. The Manager's Report for April was tabled and adopted. Production, Sales and Stocks. Progress Statement for the period 1st January, 1949 to 30th April, 1949 was tabled and approved. Plant Hired from The C.S.R. Co. Ltd. Approval was given : j for the following plant when purchased to be hired from The Colonial Sugar Refining Co. ltd. on the usual terms: 1 Fora No. 88-2 5-ton tip trucks 1,900 I Capital Expenditure. The following Capital Expenditure was > approved: Form No. 89 - Power House & Air Line*7.000 h 90 - Rock drills and auxil iary equipment 342 m 91 Dust Collecting Eoulo. 2,402 n u 92 - Repairs to Dust Collec ting Equipment 497 List of Cheques Drawn. Cheques drawn on No. 1 Account for 11,191.6.7 on No. 2 Account for 16,299.12.4 and Township cheques for 1,208. 7.8 a total of 26,699.8.5 were approved. Issue of Capital. It was resolved that a further Issue of Capital to theextent of 50,000 ordinary shares of 1 each numbered 500,001 to 550,000 Inclusive be made and that such shares rank pari passu In all resoects with the ordinary shares forming part of the original Capital of the Company. Resolved that the said 50,000 ordinary shares be allotted to The Colonial Sugar Refining Co. Ltd. in terms of that Company's application dated 20th May, 1949 and that they be payable Is.Od. per share on appli cation, Is.Od. per share on allotment and the balance in calls of such amounts and at such times as the Directors mav determine. Call on Shares. Itves resolved that a cull of 6/- per share be made on the 50,000 ordinary shares of the Company numbered 500,001 to 550,000 inclusive making such shares paid up to 8/- and that such call be due and payable immediately to the Secretary at the Registered Office cf the Company. ***:;. r ' Produced In Asbestos Personal Injury Casas: Abrams lead and copied to Riclcid p. Scruggs C c _ MATTER OF ncYS V. MIOALCO NO 1161 OF 1987 2. PRODUCED IN MATTER C BARROW V. M1DALC0 NO 1148 OF 1987 _ _________________ The transfer of the following deferred shares were passed by the Boardt- Shares ftps. Ersn To 500 Defer'd. 99501-100000 1950 V 96051- 98000 1000 h 98001- 99000 *900 it 90201- 94100 195P. ti 94101- 96050 500 ii 99001- 99500 E.A.M. Wright 11 L.O. Hancock a C.S.R. Co. it ii n st. late .J T. Warren it n n Cancellation of Share. Certificates; Shore Certificates were cancelled: The following No . 7 in name of Langley Georg* Hancock 8 Erie John Truro Warren 9 * Ernest Archibald Maynard Wright n 10 * Langley George Hancock tr 11 " Erie John Truro Warren n 12 n Ernest Archibald Maynard Wrl*ht Issue of Share Certificates* It was resolved that Share Certificates Nos. 20 and 29 for 9,800 deferred shares numbered 90,201 to 100,000 inclusive and for 50,000 ordinary shares numbered 500,001 to 550,000 Inclusive In the name of The. Colonial Sugar Refinin* Company Limited be sealed with the Company's Seal and that Mr. H.R. Brennan was authorised to countersign such Certificates. Director's Resignation. The Chairman announced that as Mr. Ernest Archibald Maynard Wright no longer holds shares in this Company his office as a Director has now become vacant in terms of Clause 82d of the Articles of Association. Agreement with A.F. Clarke. The Agreement between Australian Blue Asbestos Limited and Arthur Frederick Clarke, relating to theterms upon which the latter shall serve the Company as Hotel Manager was signed and sealed and Mr. H.R. Brennan was authorised to countersign the Agreement on behalf of the Secretary. Alternate Directors. It was resolved that approval be given to the appointment as alternate Directors of Mr. F.A. Tindale for Mr. W.J. Baird and Mr. M.G. King for Mr. K.0. Brown. _-- \ Produced In *Wy Cases: AfrV~. ^Pied to Richard ,= s' Chairman. PRODUCED IN MATTER OF HEYS V. MIDALCO NO ll OF 1987 PRODUCED IN MATTER t BARROW V. MIDALCC NO 1148 OF 1987 r,TyUT!T> of -^mrn or r^r^Tcr? of AUSTRALIAN BLUE ASBESTOS LTD. Held at No. 1 O'Connell RLrset, Sydney on Tuesday, 31st June, 19-39 at 10 .m. Present:'Messrs. C.'./.R. Powell (Chairman), V.'.J. Baird, *nd K.O. Brown. In . iterance: Ur. H.R. Brennan. * Confirmation of Minutes: The Minutes of the raeetin. h*l' on 10th May, 1919 'were rend, confirmed \n*. signed. Monthly report: The Report of the U-.n^er for IV y n-; adopted. s trilled Production, Hairs -nl Stocks, Progress Statement rot* the period 1st January, 19a9 to 31st hay, 1949 s t* ble.J 'pijvov.-.i, Pl-Mit hired from The C.S.P.Co. Ltd. Approval v.as ri^en for the followinn plant when purchased to be hired from The Colonial P-u^ir Refining Co. Ltd. on the usual terms:- Form No. 94. 1 Squirrel Cie Induction Motor 97. ` Capital Expenditure. The following Capital Expenditure was approved: '.* Form No. 93. Purchase of 2 Exide Batteries M " 95. Purchase of 1 Denver Model Oriftcr. " " 96. Install Brov.ett Lin.'ley Compressor. 7837' ::i33.310. Profit and Loss Account. Profit -nd Lose Account for the four ` weeks ending 7th June, 1D19 v-as tailed *nd -pprev?:^. I.ist of Checues Prawn. Cheques drawn on No. 1 Account, for 6,0327 57 s, on No. 2 Account for 1,265.18.1 and Township Cheoues for 3672.15.0 were approved. Call on Shares. It was resolved that a -call. c*f 8/- p?r share be' made on the 50,000 ordinary shares of the Ccmpany numbered 500^001 to *`50,000 inclusive making such shares paid up to 16/- and that such c 11 hr due uni payable immediately to the Secretary at the Registered Office of the Company. Off*r of Shares. The Chairman announced thst r/e have received notice in writing from Lionel Chrysotile Asbestos Pty.'If* and. Vest Australian Blue Asbestos Fibres Co. Ltd. confirming th-t they do not wish to take up the shares to which they -re entitle! in the irr.u* of 100,000 shares numbered 500*001 to 600,000. Produced in Personal injury Cas.s: Ao:r..::.s copied to Richard fr* ocruggs Chalrnr-n. 9 PRODUCED LN MATTE?. Cr HEYS V. MIDALCO 1 OF W87- MTHUTES OF MEETING OF I iODUCED IN MATTE' BARROW UMIDALC NO 1*148 OF 1987 DIRECTORS OF AOSTRALTAN BLOE ASBESTOS LIMITED. Held at No. 1 O'Connell Street, Sydney, on Tuesday, 19th July, 1949, at 10 a.m. Presents Mr. K.O. Brown (Chairman), Mr. J.A. Elmslie, and Mr. W.J. Baird. .0.;, (E'jjjp-''* Jjp.rw-' ;In attendance; Mr. B.R. Brennan. Confirmation of Minutes s The Minutes of the meeting held on 21st-June, 1949, were read, confirmed and signed. ~ Monthly' Reports The Report of the Manager for June was * / tabled and adopted. _ . Production. Sales and Stocks; Progress Statement for the period 1st January, 1949 to 30th June, 1949 was tabled ..end approved. -- Plant Aired from The C.S.R.Co. Ltd. It was resolved that approval be given for the following plant when purchased to be hired from The Colonial Sugar Refining Co. Ltd on the usual terms. Form No. 98 n ioo * "101 Battery Chargers for Mancha Locomotives. 1 Ford V8 Sedan. Installation of Surge Bin. 2,000 1,000 3,840 Capital Expenditures It was resolved that the following Capital Expenditure be approved: Form No. 97 Steelwork for Power House . rt n 25) 5,000 ' 82;Additional Expenditure to Single Mens Accomodation of 2,000 c " " 61 Additional Expenditures Hotel of 10,500. Profit and Loss Account; It was agreed that the Manager should be advised that the usual 4 weekly Profit and Loss Statement should be rendered as at the end of the period at which the half-yearly accounts are prepared. J.r " . June Expenditures Cheques Drawn on No. 1 Account for 3,070. and on No. 2 Account for 23,654 and mine cash expenditure of. 8,130 being a total expenditure for June of 34,654 was approved. It was noted that receipts for the month from Sundry Sales, Government Refunds etc. were 8782 and from Fibre Sales 8205. Call on Shares; It was resolved that a call of 4/0d. per share be made on the 50,000 ordinary shares of the Company numbered 500,001 to 550,000 inclusive making such shares fully paid and that such call be due and payable immediately to the Secretary at the Registered Office of the Company. Produced in *-Cj Injury Cases: Abrerc* \r - *; a.nd copied to Richard F. Scrwos i tut.- ____n fei?- --j .. wCD IN MATTEROF Ht-YS V. MiDALCO NO 2)61 OF 1987 2 PRODUCEDINMATTER OF BARROW V. MIDALCO NO 114ft OF 1987 Issue of Capital: It was resolved that a further Issue of Capital to the extent of 50.000 ordinary shares of 1 each to be numbered 550,001 to 600,000 inclusive be made and that such shares rank pari passu In all respects with the ordinary shares forming part of the original capital of the Company, and be payable one shilling (1/*) per share on application and one shilling (1/-) per share on allotment and the balance in calls of such amounts aid to be &ade at such times as the Directors may decide. It is further proposed that such shares be allotted to the Colonial Sugar. Refining Co. Ltd. in terms of that Company's application . * dated 19th July, 1949. Produced in Asbestos Personal raws: ' --nnd w. !N MATTL-.-OF HEYS V. MIDALCO NO 1161 OF 1987 * MINUTER OF MEETING OR j-XUCLDJNMATR: - BARROW V. MIDALC NO 1146 OF 1987 DIRECTORS OF AUSTRALIAN BLUR ASBESTOS T*n. Held at No, 1 0*Cdnnell Street, Svdnev on Tuesday 16th August., 1949 at 10.15 *,m. Present: Directors - Messrs. C.W.R. Powell (Chairman), K.6VBrown, J.A. Blmslie. In Attendance - R.R. Brennan. Minutes: The minutes of the meeting held on 19th Jnlv, 104' were read, confirmed, and signed. Monthly Rnnort: The report of the Manage* for July was tablet and_adontert. " Production, Salesi and* Rtocjcss Procress st?terent to 3nth Jun* 1949 nnd'for July was tabled and approved. Plant Hired from the C.S.B.Co.Ltd.t It was resolved that approval be *iven for the following nlnt when wurehased to > hired from The Colonial Surpt Refining Co. Ltd. on the usual terms:- ` Form No, 102 Office Furniture fo* th'4 New Perth Office.......... ............................ .. 30. Profit and Loss Account: Profit and Loss Account fon the 2 W.K. Plst June," 1*949"*nd 4 W.F.. POth JnlV. 1949 w*s t.#*hl<d ?r approved. July Expenditure: Expenditure during July amounted to 36,327 and receints 14,638. (Fibre Rales 3510, Sundries 9,128). Cheoue lists as under were presented for approval: No. 1 25,730. 2. 8 No. 2 21502.16. 10 Call on Shares: It was resolved that a call of 8/- per shre m*de on the 50,000 ordinary shores of the Comngnv 550,001 to 600,000 inclusive* making such shares odd nn to 10, nnd that such call be due and nav.tblc Jmredi^telv to th'* Secretary t the Registered Office of the Company. Issue of Slrrc Cen_tifleotes:It was resolved th"* h**re ce*tif" No. 30 for 50,000 ordj.narv shares numbered 550,001 to 600,000 inclusive in the name *of The Colonial Sugar Refining Co. Lt^. sealed with the C">nanys seal and th*t Mr. H.P. Brennan be authorised to countersign such certificate. ^ T-n^se - Walters House: It was resolved that the action o<* four Directors in **ivinr oernission for the "Transfer of Lo-**s or Interest Therein" nnd conditional su^r^nder forms in respect c Residential Leases Nos. 19H, 22H and 24H be signed and sealed the Conneny's seal and. countersigned by Mr. H.P. Brennan was confirmed. Consulting Engineer: The Chairman advised that Nr. P.R. Reaear. Consulting Engineer, is due to arrive in Sydney on POth August 1949 and v/ill arrive at Wittenoom on 28th August, 1949. in *-hs-*c3 Persona) sTs: to-arr.3 RiLhuidF.Scjuggs PRODUCED (N MATTER OF HEYSV. MtDALCO NO 1161 OF 1987 AUSTRALIAN. _BLTTE.. ASBESTOS LTD, PRODUCED IN MA BARROW V. MIC NO 1148 OF 1 Minutes of Hooting of Direetore hold at No* 1 O'Connell Street, Sydney on Tuesday. 20th September, 1949* Presents Directors* Messrs* C.W*R* Powell (Chairman), J*A* Blmslle, W*J* Baird and K*0* Brown* In Attendance. Hr* B*R. Brennan* Minutest The Minutes of the Meeting held on 16th August, 1949 were read, confirmed and signed* Monthly-Reports' The report of the Manager for August was tabled and approved* Production. Sales and Stocks: Progress statement for the period 1st July to 51st August, 1949 was tabled and approved* Xt was decided that a minimum of 50 tons of Cr&de 5 fibre should be held in stock at fremant Plant Hired from the C.S.R.Co. I.td. It was resolved that approval be given for the following plant when purchased to be hired from the Colonial Sugar Refining Co* Ltd* on the usual terms: 103* 104* 59* Purchase of 6 Gardner Denver Drifters****3 Purchase of Air Compressor for Joy Shuttle Cars****..i Increase In price between date of order and date of despatch -- 2 Alley HacLellan Compressors* ..............................................*............3 Capital Tfrcpendlture: It was resolved that the following Capital expenditure be approved: 105*Purchase of 500 feet Conveyor Belting.***..5 August Expenditure: Expenditure disbursed during August, vis* 40.535 was approved* Receipts totalled 26,514 (Fibre Sales 15,085 and Sundries 11,429 Cheque lists, as under, presented to the meeting were also approved: No* 1 Account................ 32,846* 4* 4 No* 2 Account*.#18,208* 3* 3 Capital: The Chairman announced that approval had been received from the Capital Issues Board for the las at Par of not more than 100,000 Ordinary Shares of a nominal vlaue of 1 each* f: Sc:"33S Chairman* */>/*?*? PRODUCED IN MATTER OP HEYS V. MIDALCO NO 1161 OF 1987 NO 1148 OF 198? AUSTRALIA!? BEDE. ASBESTOS LTD. Minutes of Meeting of Directors held et No* 1 0* Connell Street, Sydney, on Tuesday, 18th October, 1948, Present? Directors, Messrs# H* Breakspeare (Chairman) ` J.& Elmslie, W.J* Baird, and UG* King* In Attendance? Mr* H*R* Brennan. Minutes? The Minutes of the Meeting held on 20th September were read, confirmed and signed* Production. Sales andStocks* Progress- statement"for the period 1st July to Both September, 1849 was table and approved* It was noted that the last Disbursement Sheet (ah the Production, etc*) was for 2 weeks ended 16th August and it was resolved that the Manager's att* should again be drawn to this matter. September Expenditure? TScpenditure disbursed during Septeml viz. 42.165 was approved. Receipts totalled 26,612 (Fibre Sales 10,714, Sundries 16,098) : Cheque list, as under, presented to the meeting w also approved. Vo. 1 Account. 50,913,19*6 As the list of cheques drawn on No. 2 Account had not been received it was decided that the Manager should be asked to forward this list as soon as possible* Call on Shares? It was resolved that a call of 6/- per sha be made on the SO.OOOordlnary shares of the compan numbered 550,001 to 600,000 Inclusive making such shares paid up to 16/- and that such call be due. a payable Immediately to the Secretary at the Reglst Office of the Company* Directors' Meeting? It was resolved that the next Directors Meeting oe held on the 1st November and until furt* notice, should be held at regular four weekly Inte: luced in tet'-rS.z?. Tirsonsl y Case;: Afrar Jraas nd ed to Richard F. Scruggs '/"H Chairman. ,j: ced in matter of HYS V. MIOALCO NO 1161 OF 1987 __ AUSTRALIAN. BLUE ASBESTOS LTD. p??2i^CEDlN? BARROW V. i> NO 1148 0= Minutes of Meeting of Directors held at No* 1 O'Connell Street, Sydney, on Tuesday, 1st November, 1949. Present: Directors. Messrs. C.W.R. Powell (Chairman) J.A. Eloslle, K.O. Brown, W.J. Baird. In Attendance: Mr. H.R. Brennan, Minutes; The Minutes of the Meeting held on 18th October, ... were read, confirmed and signed. Manager's Report: The report'of the Manager for the peric ending 11th October,.1949 was.tabled and approved Expenditure! Expenditure disbursed for the period 1st to October, vis. 9,705 was approved. Receipts tota 12,59? (Fibre sales 8,630 sundries 3,965). Ch Lists, as under were presented to the meeting for approval. No.l Account P.E. 11th October 9,362.12. 5. No.2 Account for September 14,849, 0. 5. P.E. 11th October 1,641,15. 6. Plant Hired .from the C.S.R.Co. Ltd.! It was resolved that approval be given for the following Supplementary Expenditure on plant to be hired from The Colonial Sugar Refining Co, Ltd. 77 Additional Expenditure to Crane for Power House. 88 Additional Expenditure in fitt ing hydraulic Holsts to 2 tip trucks. 46 450 Call_on Sharest It was resolved that a call of 4/ per share be made on the 50,000 ordinary shares of . the Company numbered 550,001 to 600,000 Inclusive making such shares fully paid and that such call b< due and payable Immediately to the Secretary at tht Registered Office of the Company. Capital! It was resolved that a further issue of Capital tc the extent of 50,000 ordinary shares of 1 each to numbered 600,001 to 650,000, inclusive be made and such shares rank pari passu in all respects, with t ordinary shares forming part of the original capita of the Company, and be payable one shilling (l/-) p share on application and one shilling (1/-) per aha: on allotment and the balance In calls of such amour and to be made at such times as the Directors may decide. It was further resolved that such shares b< , offered to the Colonial Sugar Refining Co, Ltd, Annual General Meeting! It was resolved that the Annual Gem 1 Meeting of shareholders of the Company be held at Nc O'Connell St., Sydney at 10.30 a.m, on Tuesday, 29tf. November, 1949, and that the Secretary be instructed ^ -tfM^ify shareholders accordingly. produced in Asbej.^-, ;r_id /N Scruggs v' Staianan' PRODUCED IN MATTER OF HEYS V. MIDALCO NO U610F 1987 PRODUCED IN MATTER OF BARROW V MIDALCO NO 1148 OF 3987 dlit: * r.:'\ 'tinutes of foTCRth jxsial Central "/.etlng of '*h-;roU>l'>ra held at Do* 1 O'Connell ::ircot, Sydney on Tu^Jcy, T9fch Dcv'/aber, 19<0 at ID.SO a*!2* Tho Chairasn announced that he holds proxies free The Colonial Sugar Refining Cospa&7 Ltd., Messrs* J.L* Tucker, end E*B*T* Layton* Kotlec of Meeting. l!r* H.K* Brennan for the Secretary read tho notice convening tho Meeting* Balance .Sheet ?md Profit and Loss Account nlth /auditor19 Hcr>ort The Accounts, Balance Sheet and Auditor's Report for the year ended 30th June, 1949, having been circulated anong shareholders was taken as read and adopted* ClnlmTi1? Report* Tho Chaiman3 Report having been circulated anon* shareholders was taken as road and adopted* T3.coti.on of Directors* It vas resolved that Ur* Keith Osborne Brotm, who retires In Accordance with Articlo 77 bo reelected a Director of tho Conpany* Election of Auditors. It was resolved that Messrs* Marry and Merry be re-appointed auditors of the Conpany for the year ending 30th June next at a fee to `;o cutually agrood upon* .Chaim an* proouC'*0 a' 3 r 4"> "* - ona* w .*. rr CD IN MATTER OF HEYS V. M1DALCO NO 1161 OF 1987 AUSTRALIAN BLUE ASBESTOS LTD* PRODUCED IN MATTER OF BARROW V M1DALCO NO 1148 OF 1987 Minutes of Meeting of Directors held &t No. 1 O'Connell Street, Sydney, on Tuesday, 29th November, 1949. ' Presents Directors. Messrs. C.YT.R. Powell (Chairman) J.A. Elmslie and K.O.Brown. In Attendance. Ur. H.R. Brennan. Minutes: The minutes of the meeting held on the 1st November, 1949, were read, confirmed and signed. Manager's Report? The report of the Manager for the 4 weeks ended eth November, 1949, were tabled and approved. Expenditure: Expenditure disbursed for the 4 weeks ended 8th November, 1949, viz., 34,168 was approved. Receipts totalled 16,642 (Fibre Sales Nil and Sundries 16,642). Cheque lists as under were presented to the meeting for approval:- No. 1 Account . No. 2 29,657. 6. 4 5,335. 9. 7 ^Profit and Loss A/cs Profit and Loss Account for 4 Y/.E. ' 8th November was tabled and approved. Production. Sales and Stocks: Progress Statement for the period 1st July to 8th November was tabled and approved. Capital Expenditure: It was resolved that the following Capital Expenditure be approved:- No. 5. Storage Depot for Township...650, Capital: * It was resolved that the offer of the additional 50,000 shares numbered 600,001 to 650,000 Inclusive, to the Colonial Sugar Refining Company Ltd., mode on 1st November, 1049, be withdrawn and the Managing Director be authorised to negotiate a loan of 50,000 from The Colonial Sugar Refihing Co. Ltd. on terms to be arranged by him. Registered Office: It was resolved that the Registered Office of the Company be moved from 18 William Street, Perth, to Wittenoom Gorge, Hamersley Ranges, Western Australia. Manager: Mr. G. Morgan resigned his position of Manager as from the 15th November, 1049 and Mr. P.H. Reagan was appointed Manager as from the same date. Secretary: It was resolved that Mr. A.R.Johnston be appointed Secretary of the Company in place of Mr. G. Y/est. Accounts Auditors' Report and Directors' Report: The Balance Sheet and Profit and Loss Account for the year ended 30th June, 1949, together with the Auditors' Report thereon and the Directors' Report was tabled and approved and the Balance Sheet and Directors' Report were signed. , m Produce/! to Asbestos Persona Injury Cases: Abrams load and copied to Richard F. Scruggs i* ,tiJL ,,CED IN MATTER OF HEYS V. MlDALCO NO 1161 OF 1987 -2 NO J14fi OF J987 C.S.R.Co. staff: After negotiating with the C.S.R.C.-Ltd. it has been agreed by that Company to off staff positions to those of our officers I with the necessary qualifications. The officers concerned will be on loan from t C.S.R.CO. Ltd. and remain on the Pay Boll Australian Blue Asbestos Ltd. Alternate directorsi It was resolved that approval be live: for the appointment of Mr. H.R. Brennan as alternate Director for Mr. J.L. Tucker. V 1. i cc*--' w :C i X l * rtftjiJuCti? IN MATTER OF ' HEYS V. MIDALCO NO 1161 OF 19fi7 AUSTRALIAN BLUE ASBESTOS LTD. rof^SEOWMATTCROF BARROW V. MIDALCO NO 1146 OF 1987 . - Minutes of Meeting of Directors held at No. 1 ''O'Connell Street, Sydney, on Wednesday, 26th. December, 194-9, at 10.1? a*m. Presents Directors - Messrs. C.W.R.-Powell (Chairman) J.A.Elmslie, M.O.King (alternate Director for Mr* K.O. Brown) and H.R* Brennan (alternate director for Mr* J*L* Tucker)* .Minutest The Minutes of the meeting held on the 29th. November, 19U9, wore read, confirmed and signed. Manager's Benortt The report of the Manager for the four weeks ended 6th December, 1949, was, tabled and approved. Expenditure t Expenditure disbursed for the. feiur weeks ended 6th December, 194o. vies 28080 was approved. . Receipts totalled 9096 (Fibre Sales Nil and Sundries 9096)* Cheque Lists os under were presented to the meeting for approvals- ! ! r ! I* No*l Account .....21,673*19. f . : No.2 Account *. 4,951*17. * ' Profit and Profit and Loss Account for-four weeks ended :Loss Account:6th December, 1949, was tabled and approved. > V.Production ' ' Sales and ; Stocks? Progress Statement for the eerlod 1st July to -6th December, 1949, was tabled and approved. . * Canltdfr' It was resolved that the following Capital ' Expenditure s Expenditure be approved- > (6l Additional expenditure on Butchers Truck *.*.....*54. 2. 2 74 Additional expenditure on 3" Punps etc* ......................................50. 6* 0 . Loans from . C.P.B. Co. It was reported that payments received from The Colonial Sugar RefiningCb. Ltd. being portion of the 50,000 authorised at the meeting of 29th November, now totalled 26,000. The Managing Director was authorised to negotiate further loans from the Colonial Sugar Refining Co. Ltd* as and when required*. Xt was decided to ask the C.S.R. Co. Ltd* for a further loan of 12,000 to cover expenditure for the period 28th December to 24th January, 1950* * -Employees Assurance 0^01 502*<00 SE Gu jg u to if) CD $ III It vwiS resolved to inaugurate a Superannuation Scheme hy group assurance, through the Australian Mutual Provident Society to he available to all employees* Half the prenlm villi be payable by theOsmnany and half by the employee* It was therefore resolved that the agreement between the Company and its employees be signed and sc?led with the Companys seal and that Mr. H*R* Brennan be authorised to countersign the agreement* It was further resolved that the Manager be and is hereby authorised to appoint officers from time to time who;*.c signatures the Australian Mutual Provident .Society is hereby authorised * t PRODUCEDN MATTEROF HEYS V. MIDALCO * NO mi OF 1987 Manager: * ' PRODUCED tN MATTEROF* BARROW V MfDALCO `. NO IU80F 1987 2* to accept In connection with all matters r latlng to the Employees Assurance Scheme. The Manager, Mr. ?.H. Reagan, has been gra. three months leave without pay and Mr. K.O has been appointed Acting Manager during h: absence. < i I A*' AUSTRALIAN ASBESTOS LTD iUmMi of Meeting of Directors to be held at No. 1 O'Connall Street, Sydney on Tuesday, 3rd January, 1350. C.W.R. Powell (chairmen) H.G.King(Alteraate Director Hr. K.O. Brown) H.R. Brennan (Alternate Director for Mr. J.L. Tucker) The minutes of the aeetisg held on the 28th December, 1949 were read, confirmed and signed. V \\ Reports The Manager's Report for the four weeks ended 3rd January, 1950 was tabled and approved. ggpaadlture* Expenditure disbursed for the four weeks ended 3rd January, 1950. vis 40,300 was approved. Receipts totalled 19,525 (Fibre Sales.8,883, Sundries 10,642). Cheque lists as under are oresented for approvals Ho. 1 Account No. 2 Account 36,014.19. 2 6,600.15* 7 Profit and Loss Accounts profit and Lota Account for the four weeks sided 3rd January, 1950 was tabled and approved. Production. Sales and Stocks* Progress Statement for the period 1st July and 31st December, 1949 was tabled and approved. Capital Ewpewdi It was resolved that the following Capital Expenditure be approved* Ho* 107.Furniture for Staff Quarters.....225. * 109.Power House and Settlement Water Supply............................... .....2342. * HO.&iglnear's Store enclosure and Overhead Hblst...............***.757. 0 Ul*Slngle Hen's Huts....................................5200. n H3.Harket Garden Improvements.......77rc. Plant Hirwd trem the C.S.R*Cof Ltdi It was resolved that approval be given for the following Expenditure on plant to be . hired from The Colonial Sugar Refining Co. Ltd., Ho. 109.Power Bouse and Settlement Water Supply.................................. .1X27 * HO.ftigineer's store andoaore and Overhead Hoist...............105 * 112.6 Slmoo Loaders....................................12000 * U4.SMaablp Bua**....................... 1840 * 115.Concrete Mixer.................................... 140 * U6.TentUating ..........155 Laame it was resolved that the C.S.R.CO* be asked for a further loan of 17,500 to cover / expenditure for the period from 24th Jamary to 20th f February; 1950 being portico of the loan to be negotiated by the Vm*Director as authorised at tho Heating on 28th December, 1948* Zt was resolved that the two copies of the t b ateam She Perpetual Sxscaterr i SO 2a the PerpatnX Ssmsteee Buildings la St* Temei, ?frtlu be signed and sealed vltb the tpilimi/^s seel, jui s?r# g*B* arermnn ns authorised to gpnatersign the '-grceBt* ^S for Ciflawa Llgg~. It ns resolved that the cation for . e^istratloa as an exhibitor* he and seeled -1th the Corpas7*e seal and "r* S*H* ns authorised to countersign the application* .____ Approval ns .-riven for the transfer of the fire Srr*i chares, mastered 3OOC0 to 3COM free the late ITJ 3aird to the Colonial t^igar defining Co* ltd* ^yugg. _> Share certificate Ho* 19 nes 3alrd ns cancelled* Issue eg Share_Cortlflcate. It was resolsed that share eertlflcate :;o* be issued for 5 deferred shares oa*ered 80026 to 80030 la the na&e of the Colonial Cagar Beflnlng Co* ltd* .usd that such certificate be sealed vlth the Co*my*a seel zA Ur* n*?.* t. has athorlsod to countersign sach certificate* APSTOALlAy 3LUB ASBESTOS LTD* Wkites of Seating of Directors held at No. l*- 7 Bent Street, Sydney, on Tuesday, cist February, 1950 at 1(^30 a*. Presen for or 1st totalled 22,233 (Fibre'Sales lT,914,Sundries 210,319) Cheque lists as under presented for approval: Ho. 1 Account Ho. 2 Account 22,132.13.1 8,757. 6. 3 p-m^. fcogy Account! Profit and Loss Account for the four weeks ended 31st January, 1950 was tabled and approved* Sriay and Sto^iry* Progess Statanent for the period :?#*& January, 1950 to 31st Jamary, 1950 was tabled and /approved. Cap! '' It was respired that the following Capital '# be approved. Vo* 117 Ve. 118 Vo. 119 Vo* 120 Xo 121 Field Ifest Collector ,606 ** Transfer huts frou Inspire to Vlttenooa townsite.......700 Bulk Storage area on Settlement barracks site. 400 Fire Fighting Equipment.... 720 Erection of New Power House ...35671 be given for the following plant when purchased to be hind frcn The Colonial Sugar defining Co. Ltd. on the usual tens* Ve* 121 Erection of Vew Potfcr House...3,250 .R.Ooi Xt was resolved that the C..SS..RR..Co. for a fhrther loan of 210.500 to cover ' iftBeudltare for the period on and mm the 21st February; 1980 to 20th March, I960 being portion of the loan negotiated by the Director as authorised at the Heating on 8th Deeenber, 1949. . --a-- 'larch, 1330 at IQ.dOa.a* Tireetors. dcssra* ..l.rUPowall (c.d~r.n) H.C*3roT5i, nd J.A.Hnsli c. In Attqidacc . - Ur* E*R*3rcnr.an* f*rntet The liinutes of the Seating hold on the lot February, 1950 rere read, conflrned md cigned. dcaaeer* 3 Report; The Manager` s Report for the four -voeko ended C3th February, 1050 "/as tabled .r.u improved* Ihcpocdituro iicburc > i. for the four -rooks or.;ed 3 th February, 1050, vis. 226,536 'ns pprovod* Receipts totalle; 210,077 (Fibre * les 2,270, Sundries 3,407) '"he ue hia to as under '.veto presea for approv.l* o.l ..'count*. o. count*. 8,646*1*11 21,557.12.7 Profltyanfl faff} ..ccounei Profit end Loss Account for the four ?w.'e<o*K* *s rc-rr\.nat>c^ 2'C0tt-.hH FPeabSrituuanrwy., 1950 twt*aas ftjaiKbIle/ud) iann#d4 approved. It ms agreed thrt the tncunt now charged to 'dispense and representing the r.inlng costa allocated to the ievelopnont .1 'rives should be charged ionoperating"(!Iir.ir.f?) nd that the mount now In Suspense cn this a count should be transferred to" operating/ "ales and Ftoeksa Progress 2t .teoent for the period 4th January, 1350 to doth February, 1350 *.v.s tabled end apsrov-d* Capital ftnyMiftarct It eras resolved th t the fcllov.lr.g Capital Expenditure be approved. Ho* 122 Dono3tic Fofrlgorr.tor to Jt .ff uarters, 'lfaaiinn Fan TIns'tfannll.a'itiionnn, 0S1a^tHh4in"g* art a .'ir ?tain*.*.*.............. Plant Hired free tWhieg> uC..C'..nR..wCgo. Lt-'I iIlit .riaase rruessooAlvrneud that aaTpSpOrToOvVail Vlbifot given for rt.hheo fnoollllooov-cTrliinnn?r npll-avmnt.t -.,vhhann . purchased to be hired fron The Colonial Sugar Refining Co* Ltd* on the usual toenrnass*t Ho* 132 Sine Susp Poop. 126* TiOana ft th* fyG.IL.Co* It was resolved that the c.C.H*Co* be ashed for a further loan of 14,000 '(to cover expenditure for the period on end frees the 21st ffareh. 1950 to the 17th April, 1950 and to pay to the C*S*E* 0o* Ltd. 3154 la part payaait of tholr account fbr January and February, 1950j)bRing portion of the loan negotiated by the lianaging Director as authorised at the Sleeting on 23th Decenber, 1949* ABBTmr.Ti tttJTg .CTMTOS LTxrrsp Urmtes of Mooting of Direetorr*bald At Ho.l 0*Connell Street, Sydney, on 18th April,1950, At 10 8.0* Proiontt Director* Messrs. C.k.B.Powell (Chaimsn) J.A.Bl*slie A LOJmi In itt--ilinrt B*&*Brenna& Tho Mlmtoo of tho Meeting hold on tho Slot Kerch, 1950, wore rood* confined And signed. Report I Tho Monger's Bsport for tho fear nooks ondod 28th Moreh9 1958* too toblod oad ap proved* fcrnaidltifi Expenditure disbarred for tho foar nooks ondod 28th Moroh, 1950, vis* 35*895 was Approved. Receipts totalled 26,Ho9 (Fibre solos 12,3*2, Saadrlee 1*,1*7). Cheque lists os tinder wore presented for Approval. Bo.l aeeoaat Bo*2 aceont 29,l$fc*l8* V 9,*72.12* 5 Profit a Loss aeeoaat for the fonr weeks ended 28th Msreh, 1950, was tabled and ap proved. Progress statenont for the period Vth Jan- aary to 28th Moroh, 1950, was tabled and approved* It %ns resolved that Tho Colonial anger Bafining Co* bo aakod far e farther loon of 10,000 to eover expendItaro* for the period on and fron tho 18th April to 16th Mr, 1958, being portion of as lean negoti ated by the MeetingPlrcctor ao norther1 ted at tho nsetlng on 28th Boeonber* 19*9* c 0800 lngffiALIlS RT.TM ttMSIOa LBL. MUnttes of Meeting of Directors held at No* 1 Bent Street, Sydney, on Tuesday, 13th June, I960, at 9*30 a*s* Present! Directors* Messrs* H*2* Breakspeer (Chairman) aa alternate Director for Mr* C*W*R. Povell, X.O. Brown and J*A* Hlaslle* She Minutes of the Meeting held on the 16th May, 1950, were read, confirmed and signed* Report: The Manager's Report for the four weeks ended 23rd May, 1950, was tabled* ?raMMiitnre> 2rpendlture disbursed for the four weeks ended SSrd May, 1950, via* 29,138 was approved* Re ceipts totalled 17,231 (Fibre Sales 7,380, Sundries 9,401)* Cheque Lists aa under were ap proved* No* 1 Account No* 2 Account 21,623*19* 8,781*17* 9 Profit apd ftfryg Accounts Profit and Loss Account for ths four weeks ended 23rd May, 1950, was tabled* Production- gala* and Stocks! Progress Statement for the period 4th January, 1950 to 23rd May, 1950 was tabled* Capital xt was resolved that the following Capital Ecpendlture be approveds- fcppleaentary 121 Power House 5,119 Plant Hiwed from pie C-S-R. Co- Ltd! It was resolved that approval be given for the following plant when purchased to be hired from me Colonial Sugar Refining Co* Ltd* on the usual terms No* 126 Scraper Hauler Supplementary 70 - Mancha Locomotives 1,085 2,300 Loans, from The c.s.R- Co- Ltdi It was resolved that me c*s*R* Co* be asked for a further loan of 12,500 to cower expenditure for the period oa aid from / the 15th June to 11th July, 1950, being portion / of the loan negotiated by the Managing Director as authorised at the Meeting on 28th December, 1949* C 0801 vq Chairman* /P i mu ma uwob pwm. Meeting of Directors told tt lo.l . Stmt, Sydney, on Tuesday, .th July, at 10*30 a*o* stsmiA ] Imton - ftoiut. c*tf*B* JVi--ll (Chairman) 1*0* Bfow ud'Jl* Bttllt* - Mr* H.B. nunrian to Minutes of tto Mooting of Directors told, on 13th Jam, 199S, voro rood, con firm* SOd Signed* for tto four weeks 1990, Expenditure- distorsod for tto four week ended 20th Jme* 1990, Tls. 36,159 oos Approved* Receipts totalled 27*877 (Fibre Solos 10,399 Smdrlos 1177,,673)* Cheque Lists as under approved* Mo*l account Mo *2 29,471.11. 14,505. 8* Profit d Loss doeount for tto 20tb too, 1990, oos tobZod* Progross statomnt for tto period 4th Jan uary, 1990, to 20th Jons, 1990, was tabled. It was resolved that approval to given for tto following plant when purchased to to t hired froo Tto Colonial 3agar Refining Co* Ltd* on tto usual taros x Mo *127 Spoons Seraan 1,352 It oos resolved that The C.8.B. Co* to asked for a farther loon of 19,000 to cover ex penditure for tto poriod on end freo tto 12th JOly to tto 7th August* 1990, being portion of tto loon negotiated by the Managing Director to authorised at tto Meeting on tto 28th Dectutor, 1949* C 08c Chairmen k) m AflALTA ms leaserae r.Twrmm Maatee of iNtlnc of Dinators held at So. 1 0*Comall Street, Sydney, oa Wednesday 9th Avast, 1950, at 10.30 a .a. CUMt* Directors - Messrs. c .VJl^Posall (Chalraan) i.c^owa a ajlnli*. In Attentions# - Mr. H.B.Brennan. lttatttftt The Rinatas of the Masting of Diractors hold on Uth July, 1950, sera raati, con fined and signed. The Manager's Bepert for the foar soaks andati 18th July, 1950, was tabled. InSttUiBEd* Bxpenditure disbarssd for the four weeks ended 18th July, 1950, els. 35.V52 was approred. Receipts totalled 2t,8l3 (fibre Sales 15,158 Sundries 9,657). Cheque lists as under sera approred - PniMti aSSr tansi 50.1 account 10.2 aoeount 26,95*. 2.11 11,V78.10. 9 Profit A Loss Aoeount for the four weeks ended 18th July, 1950, was tabled. Progress Statement for the period 21st June to 18th July was tabled. It was resoleed that approeal be glees for the following plant when purchased to be hired from The Colonial Sugar Befitting Co. Ltd. oa the usual tens. 10.128 Cubit Mills 2,800 It was resoleed that the C.BJU Co. Ltd. be . asked for a further loan of 10,000 to eoeerA expenditure fer the period oa and froa 8th August to 5th Septsaber, 1950, being portion of the loan negotiated bp the Managing Director as authorised at the seating on 28th Dosesher, 19*9. C 080 i(0 ^-'ssih Chaizsatt. AnmiLTH mm t.ticttto Minnies of Meeting of Directors hold at lo.I Q'Conaell Street. Sydnajr, on Tuesday 5th September, 1950, at 2.30 p.m* P**--**. Directors - Messrs. C.V3.Powoll (Chairman) K.O. atom A JJL. Slmslle. In Attendance - Mr. H .A .Brennan. The Klnntes of tho Meeting of Dir00tors hold on 6th Ao<uat. 1950* were rood, eonfin* art ilfSrt. llBilflSl tho Mnotor's Atport for tho fear Mokt Bsiitt * ended 15th Aagnst, 1950, too tablod. 1 tzpcndltwe disbursed for tho fear weeks ended 15th Aagust, 1950, Tti. 38*779 too approved. Beeelpts totallod 19*603 (flhro oaloo 8,579 Sundries 11,024) Cheque lists as under toro approved. Bo.l aeeount 10.2 aeeount 33,786.11. V 16,241. 6. 5 Profit A . Profit A loss Aeeount for tho four vttko Loss Astwntitadii 15th Aacoot, 1950, too tablod. Procross Statement for tho ported 21st Juno to 15th lofost too tabled. [ It too resolved that Tho C.8.R. Co. Ltd. bo aokod for a farther loon of 20.000 to cover expenditure for tho period on sad from , 6th September, 1950, to 3rd October. 1950, bolaf portion of tho loon nocollated by tho Monotint Dlrootor ao authorised at tho aoetinf on 28th Oooombor, 1949. It too resolved that tho aetlea of tho Dir* ootoro In tlrlar pormtoolen for the Momorandnm of Satisfaction of BUI of Solo for Barrett A Sadler to be signed sad sealed and authoris ing Sr* IJU Brennsn to countersign the BUI, confirmed. Chairman. ssr.-A*r-'v*- 1BWALTH BUB |fl] Slant** of BaitlTn of Jlrmtom hold ofc So. 1 O'Ccntll fttroot* Sydney, an Tnsodsr 3rd Octobsr, 19*>, t 10.30 t^. PrtMBt: XjjBgQy HOPOFti d* 1 Directors - Ktsin. C.VJt. Powll (Cbsirwn) x.o.Brow d In attendance - r. H.h.Broniian* The Miaates of tho Msotlnr of pIj--wi m bold on 5th Soptoobor, 1950, vere rood, eonfimod and The Muster's fioport for tbo four nooks ondod 12th Soptoobor, 1950, 0*0 toblod. Kzpondltaro dietersod for tbo fear rooks ondod 12th Soptoobor, 1950, ris. 59,565 oos approved* Receipts totollod 25,1*0 (flbr* solos Mil tadrlos 25,1*0) Cbeqae lists os nabt^iriiffoppwm - 10.1 AeooBBt 10.2 ioeosBt A7,275 9* 0 22,132.1*. V It os doeldod to drsv tbo Kanacer's ottontloB to tho Inerooso in expenditure for tho porlod ond to point oat thot tho oooant vos In ossoss of oar bodcottod Profit d Loss ieooont for tho fear vooks ondod 12th Soptoobor, 1950, vos toblod. Procross Statement for tho fear nooks ondod 12th Soptoobor, 1950, nos toblod. It vos reeolred thot approval bo flvon for tho feUoaincplant vbon parohosod to bo hlrod fro* Tbo Colonial Sncar SafinIng Ccnpany T.toltod - POrn So.129 Kino Tontilntln* Pan XOU30 Find Poossnior Bar _ 800 *otit It aw rooolrod thot tbo ootloa of tbo Mrootoco In om&flBc loooo of 15,000 / on Att iamt sad'l5,000 on 22nd dost* ' onhor fron Tbo C.3Jt. Co* Ltd* bn osoraond . ss bolsf portion of tho loon mptlitilr tar thtaM|bc blrooUr os awthwrfsei t tta istlnr on 28th Psi--hsr, 19*9. C 0805 e 0306 fc*ld at ld 1 su--u sj 32M Ostofbeaavr, 1950 at loara*B* JttQlttt fitSSS&t --ting* _ ratgrr BCSOTt | adltaw usd* Kiairit C.V.B .Powell (C_________ In attandanee Mr. S*S. Brawnan* The Minute# of the Meeting of Mractors halt on 3rd October-- read, confir--4 and ilgsad. Tba Sanagar's Baport for tba four sacks andad 10th October sue tabled. Srpandlture disbursal for the four weeks coded 10th October, sis* *2,233 was approved* Reeelpt* totalled 3*,447 (fibre sales 17*353 tadrles 17,09*) Cbaqaa Hats as coder to be approved : lo.l account 39,676*12* 2 Bo *2 account 12,*92. 9* 1 Profit d Loss Account for the four weeks coded 10th Oetobar* 1950, see tabled. State--wt for the four vaeks coded 10th Oetobar --s approved* file aetloB of three of the directors la giving the secretary Instruction to notify haraholrtan that the Animal General Meeting be held at 10*30 a*a* on Tuesday 7th loccBbcr was confined* r The Bal--e Sheet and Profit d Loss Account for the year coded 30th June, 1950, together with the Auditors Baport thereon and the Mr--tors Baport ware tabled and approved / and the Balance Sheet and Directors Baport ware signed* Tba following natters referred to In Messrs* Marry d Merry's report for the- 30th June, 1950, were discussed. It was reported that tywyt* by tba Manager ^ to try and obtain settle--et by-the Govern* r --nt of their aoeounts at no-- frequent Intervals* ___ It --s agreed to ask the to advise os as soon as tba saount J owing by the Public Ubrks Depart--nt has accepted by n \ Audit temmr -2- _ It gar that it fctia for Mtst. Auitraliaa of flf225 9* 6 taaporcr7 nttImiS Tha chare* for Audit faoa nMM fNa Xasara* terry a terry of 4*2l0^ 0 at approvoA for pajaaot. Approval aaa givan for tha parahaaa of a farthar 12 Oafaodar rofrlcarstora for roaala Chalraos C 0808 *TJTW IlfflMfM T.Oflfn Mlnstes of Meeting of Diroetars held t so* 1 0*Cea&elL Street* Svdatr, os Tuesday 2StlfrInverter* 1950, at 2.30 p.*. Pre--pfo Recant r Profit A Ifitt * Director* - Messrs. c.M.a.Poeell (Chairwn) *0*Brom d J.A.Bias!It. In Attendance Mr* 3 .B .Brennan* The Mlnntes of the Meeting of Directors held on 31st October were reed, coofireed and signed* The Manager's Report for the four weeks ended 7th Hoveaber* 1950, see tabled* Sxpeadlture disbarsed for the four weeks ended 7th Hoveaber* tie* 58*590 u approved* Receipts total 55*575 (fibre sales 41*992 and .tadrles 05*583). Cheque lists as wrier te-be approved t Be*l Account Ho.2 Account 43*154. 8. 9 22*487. 0.11 Profit d Lose Account for the fear weeks ended 7th November* 1950* we tabled. Progress Statement for four weeks ended 7th Bovenber was tabled* IbURsUui It was resolved that approval be given for the followingplant when porehased to be hired fro* The Colonial Sugar Ref* Inlsg Co* ltd* Porn Ho.131 132 133 135 137 Rock Drills 717 metal Tto--1 900 entillating Fans 103 Mining Rqulpnent 6*000 RSI* Bnginc * 41- 14*000 tsenator It we resolved that The C*S*R. Co. Ltd. be asked for a further loen of *0*000 to cover expenditure on and fron 27th Bovenber* 1950* to 26th Deeeaber* 1950. Zt w decided to bold the next Directors Meeting en 27th Peeenber* 1950. The following Capital Rrpendlture we approved * Fore Io*131 Roek Drills 20 132 metal Trowel 1*200 133 YfetlUatlng Fbne 220 135 Mining Rqulpnent 340 - -'-X> IN MATTER OP *WYS \rW!DAICO ' " NO 1161 OF 1987 - PRODUCED IN MATTER BARROW V. MIDALCC NO 1148 OF 1987 APS^RALIAS BLPS ASBESTOS LTD. Minutes of Meeting of Directors to tee held at Ho* 1 O'Connell Street. Sydney on Tuesday, 23rd January, 1950. Present! C.W.R. Powell (Chainnan) M.G.King(Alternate Director Mr. K.O. Brown) R.R. Brennan (Alternate Director for Mr. J.I.. Tucker Minutes: The minutes of the meeting held on the 28th December, 1949 were read, confirmed and signed. Manager's Retort: The Manager's Report for the four weeks ende 3rd January, 1950 was tabled and approved. Expenditure: Expenditure disbursed for the four weeks ended 3rd January, 1950. viz 40,300 was approved. Keceip totalled 19,525 (Fibre Sales 6,883, Sundries r 10,642)* Cheque lists as under are presented for approval: Ho* 1 Account Ho. 2 Account 36,014.19. 2 6,600,15. 7 Profit and Loss Account: Profit and Loss Account for the four weeks ended 3rd January, 1950 was tabled and approvec Production. Sales and Stocks: Progress Statement for the period 1st July and 31st December, 1949 was tabled and approved. Capital Expenditure: It was resolved that the following Capital Expenditure be approved: Ho. 107.Fumiture for Staff Quarters...........325. " 109.Power House and Settlement . Water Supply........................ 2342. c " 110.Engineer's Store enclosureand Overhead Holst.757. " 111.Single Men's Huts..............................5200. " 113.Market Garden Improvements.............770. Plant Hired from the C.S.P-.Co. Ltd: It was resolved that approv be-given for the following Expenditure on plant to be hired from The Colonial Sugar Refining Co. Ltd., Ho. 109.Power House and Settlement Water Supply.................................................................. 1127 " 110.Engineer's Store enclosure and Overhead Hoist............................ ..105 " 112.6 Elmco Loaders...............12000 " 114.Township Bus.................................................. 1840 115.Concrete Mixer.......................... .....140 116.Ventilating Fans.........................................135 Loans from The C.S.F.Coi It was resolved that the C.S.R.Oo. be asked for a further loan of 17,500 to cover expenditure for the period from 24th January to 20th February, 1950 being portion of the loan to be negotiated by the Managing Director as authorised at the Meeting on 28th December, 1949. Tenancy Agreement: It was resolved that the two copies of the Tenancy Agreement between The Perpetual Executors IN MATTER OF HYS V. MlDALCO . NO 1161 OF 1967 BARROW VrMIDALCO ..NO SMS OF 19^7 Trustees and Agency Company and Australian Blue Asbestos Ltd* for the tenancy of Boom Kos. 17, 18, 19 and 20 in the Perpetual Trustees Buildings In St*' George's Terrace, Perth, be signed and sealed with' th< Company's seal, and Ur* B*R# Brennan was authorised tt countersign the agreement* Application for Cinema Licence. It was resolved that "the application for Registration as an exhibitor" be * signed and sealed with the Company's seal and Ur;'H*R. Brennan was authorised to -countersign the application* Share Transfer* Approval was given-for the transfer of the-f deferred shares, numbered 80028 to 80030 from the late Ur* W.J. Baird to the Colonial Bugar Beflning Co* Ltd* Cancellation of Share Certificate* Share certificate No*- 19 In the name of Wallace James Baird was cancelled * ' Issue of Share Certificate* It was resolved that share certificate Ho. 30 be Issued for 5 deferred shares numbered 80026 to 80030 In the name of the Colonial Su< Beflning Co* Ltd* and that such certificate be -sealed with the Company's seal and Ur* B*R* Brennan was author to countersign such certificate* Persoiiv ^itesd-aK*- : . r. Scrubs . mOOUCED IN MATTES OF HEYS V. MIDALCO NO 116} OF 1967 '`<JUUCLD JN MATT BARKOV V. MlOAl NO 1148 OF J9g: ATTSTRALTAN BLUE ASBESTOS LTV). Minutes of Meeting'of Directors held at No. 1-7 Bent Street, Sydney, on Tuesday, 21st February, 1950 at 10.30a.m. Present; Messrs. H. Breakspear (Chairman) (Alternate Direc* for Mr. C.W.R.Powell) J.A.Elaslie and M.G.Klng (alternate Direc*. for Mr. K.O.Brown). In attendance: H.R.Brennaa. _____ Minutes: -The minutes of the meeting held on the 23rd Januar 1950 were read, eonflisned and signed. Managers Report: The Manager's Report for the four Weeks ended 31st January, 1950 was tabled and approved. Expenditure? Expenditure disbursed for the four weeks ended January, 1950, vis. 23,653 was approved. Receipt totalled 22,233 (Fibre Sales 11,914, Sundries 1' Cheque lists as under were approved. No. 1 Account 22,132.1B.l No. 2 Account 8,757. 6.6 Profit and Loss Account; Profit and Doss Account for the fou: weeks ended 31st January, 1950 was tabled and appi Production. Sales and Stocks? Progress Statement for the per 4th January, 1950 to 31st January, 1950 was tabled approved. Capital Expenditure? It was resolved that the following Capl Expenditure be approved: No. 117 No. 118 No. 119 No. 120 No. 121 Field Dust Collector............. ...606 Transfer huts from Yaopire to Wittenoom tovmsite.......700 Bulk Storage area on Settlement Barracks site................................ ..400 Fire Fighting Equipment..............720 Erection of New Power House,.35671 Plant Hired from the C.S.R.Co. Ltd. It was resolved that appi be given for the following plant*when purchased to hired from The Colonial Sugar Refining Co. Ltd on t usual terms: No. 121 Erection of New Power House...3250 Loans from the C.S.R.Co. It was resolved that the C.S.R.Co. be asked for a further loan of 10,500 to cover expenditure for the period on and from the 21st February, 1950 to 20th March, 1950 being portion of the loan negotiated by tho Managing Director as authorised at the Meeting on 28th December, 1949. ed in Asbestos Personal lases: Abrams te:.d ana to Richard F. Scr-ss hi*& 9 Chairman. " matter OF f..\aV. MIOALCO NO 1161 OF 1987 PRODUCED in MATH!;; OF ' BARROW V. MIDALCO NO 1148 OF 1967 AUSTRALIAN BLUE ASBESTOS LTD. Minutes of Meeting of Directors held at No. 1 01Connell Street, Sydney on 21st March, 1950 at 10.30a.m. Present: Directors. Messrs. C.W.R.Powell (Chairman) K.O.Brown, and J.A.Elmslie. In Attendance. Oeorctary - Mr. K.R.Brennan. Minutes: The Minutes of the Meeting held on the 21st February, 1950 were read, confirmed and signed. Manager*s Report: - The Manager's Report for the four weeks ended 28th February, 1950 was tabled and approved. Expenditures Expenditure disbursed for the four weeks ended . 28th February*. 1950, vis. 26,556 was approved. Receipts totalled 10,677 (Fibre Sales 2,270, Sundries 8,407) Cheque-Lists as under were presented for approval. No.l Account................................... 8,646.1.11 No.2 Account.............21,557.12.7 Profit and Loss Account: Profit and Loss Account, for the four v/eeks ended 20th February, 1950 *>*as tabled and approved. It was agreed that the amount now charged to Suspense and representing the mining costs allocated to the developmental drives should be charged to operating (Mining) and that the amount now in Suspense on this account should be transferred to operating. Production. Sales and Stocks: Progress Statement for the period 4th January* 1950 to 2Gth February, 1950 was tabled and approved. Capital Expenditure: It was resolved th-nt the following Capital Expenditure be approved. No. 122 Domestic Refrigerator to Staff Quarters, Main Fan Installation, Bathing Sheds, . Air Main.................................................................415. | Plant Hired from the C.S.R.Co. Ltd: It was resolved that approval be given for the following plant when purchased to be hired from The Colonial Sugar . Refining Co. Ltd. on the usual terms: J? No. 122 Mine Sump Pump............. ...........126. Loans from the C.S.R.Co. It was resolved that the C.S.R.Co. be asked for a further loan of 14,000 to cover expenditure for the period on and from the 21st March 1950 to the 17th April, 1950 and to pay to the C.S.R. Co. Ltd. 3154 in part payment of their account for January and February, 1950, being portion of the loan negotiated by the Managing Director as authorised at the Meeting on 28th December, 1949. in Asbestos Personal ** Aorsns Richard r. S'*-'-- d / s.A, PRODUCED IN MATTER OF KEYS V. MtDALCO ,*iO 1161 OF 198.7 produced in WATTCR-OF BARROW V MIDAUCO NO 1148 Of 1967 AUSTRALIAN-BLUE ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l . O'Connell Street, Sydney, on 18th April,1950, at 10 a .a. gresept: Directors Messrs. C.W.R.Powell (Chairman) J.A.Elms He dr K.O.Brown - "In "attendance H.R.Brennan The Minutes of the Meeting held on the 21st March, 1950, were read, confirmed and signed. Manaear's .SBS : The Manager's Report for the four weeks ended 28th March, 1950, was tabled and ap~ proved. Expenditure? Expenditure disbursed for the four weeks ended 28th March, 1950, vis. 35,895 was approved. Receipts totalled 2o,4e9 (Fibre sales 12,342, Sundries 14,14?). Cheque lists as under were presented for approval. Ho.l account No.2 account 29,194.18. 4 9,4?2.12. 5 Profit dr Loss Accounts Profit & Loss account for the four weeks ended 28th March, 1950, was tabled and ap-proved. Production Sales dr StQ9.KS * Loans from The_ C S>8. s* Progress statement for the period 4th Jan uary to 28th March, 1950, was tabled and approved. It was resolved that The Colonial Sugar Refining Co. be asked for a further loan of 10,000 to cover expenditure for the period on and from the 18th April to 16th May, 1950, being portion of the loan negoti ated by the Managing Director as authorised at the meeting on 28th December, 1949. Produced in Asbestos Personal InjuryC-'Scs:Ar-sosoand Injury . ncc'iod Chairman PRODUCED IN MATTER OF HEYS V. M1DALCO NO 1161 OF 1987 PRODUCED IN MATTER OF BARROW V MJDAICO NO 114% OF 1987 AUSTRALIAN BLUE ASBESTOS LTD* Minutes of Meeting of Directors held at No.l O'Connell Street, Sydney, on Tuesday, 16th Kay, 1950, at 10 a.m. .cc?-0cw S <3 Cl j.o ^ tCu^J tj je <P L.T-.D -> -S f LC Ms 5 &.s |Q.Su Present; Directors - Messrs* C.W.R.Powell (Chairman) J.A.Elmslie, J.L.Tucker and M.G.Klng (alternate Director for _______ _______ --_ - -Mr. K.O.Brovmlf In attendance Mr.H.R.Brennan * Minutes: The Minutes of the Meeting of Directors held on the l8th April, 1950, were read., confirmed and signed* Manager's R?p.qj:s The Manager's Report for 4 W.E. 25th April, 1950, was tabled and approved. Expenditure Expenditure disbursed for the four weeks ended 25th April, 1950, vi2. 32,437 was approved. Receipts total 10,713 (Fibre Sales 282, Sundries 10,431). cheque lists as under were approved. No. 1 account No. 2 account 25,083.15. 3 11,177. 5. 2 Profit & Loss Ac count 5 Profit & Loss Account for the four weeks ended 25th April, 1950, was tabled and ap proved. Production Sales and Stocks : Progress Statement for the period 4th Jan uary to 25th April, 1950, was tabled and approved Capital It was resolved that approval be given for Expenditure the following Capital Expenditure : HiXed Plant No.123 Charging Rack, Rectifier Lamps & Service Equipment 1180 It was resolved that approval be given for the following plant, when purchased, to be hired from The Colonial Sugar Refining Co. Ltd. on the usual terms. No.124 One hydro drill Jib boom complete with Hydraulic Pump 469 125 Symons Shorthead Crusher ' ?600 Loans from The C.S.B. Co. Ltd. : It was resolved that the C.S.R. Co.Ltd. be asked for a further loan of 15,000 to cover expenditure for the period on and from the 16th May.to 13th June, 1950, being portion of the loan negotiated by the Managing Director, os authorised at the meeting on 28th December, 1949. wi eo/^' WODUCED IN MATTER OF HEYS V. MIDALCO NO 1161 Of 1987 PRODUCED IN MATTER Of BARROW V. MIDALCO ' NO 1148 OF 1987 AUSTRALIAN.BLUE ASBESTOS-LID* Minutes of Meeting of Directors held at No* 1 Bent Street, Sydney, on Tuesday, 13th June, 1950, at 9*30 a*m* Present: Directors* Messrs* H.S. Breakspear (Chairman) -- as alternate Director for Mr* C*W*R* Powell, K*0* Brown and ------------------------------------- J.A* Slmslie. Minutes: The Minutes of the Meeting held on the 16th May, -1950, were read, confirmed and signed* Manager*s Report: The Manager*s Report for the four weeks ended 23rd May, 1950, was tabled* Expenditure: Expenditure disbursed for the four weeks ended 23rd May, 1950, wit* 29,189 was approved* Re* celpts totalled 17,281 (Fibre Sales 7,880, Sundries $9>401). Cheque Lists as under ware &pproved* No* 1 Account No* 2 Account 21,623*19* 6,761*17* 9 Profit and Loss Accounts profit and Loss Account for the four weeks ended 23rd May, 1950, was tabled* Production. Sales and Stocks: progress Statement for the period 4th January, 1950 to 23rd May, 1950 was tabled* Capital Expenditure: It was resolved that the following Capital Expenditure be approved:- Supplementary 121 Power Rouse 5,119 Plant Hired from The C.S.R. Co. Ltd: It was resolved that approval be given for the following plant when purchased to be hired from The Colonial Sugar Refining Co* Ltd* on the usual terms:* c .'x: f.*. - 1/3 to c- oz: t'.t 3 CL ws No* 126 Scraper Hauler Supplementary 70 * Mancha Locomotives 1,085 2,300 Loans from The C.S.R. Co. Ltd: It was resolved that The C.S.R. Co. be asked for a further loan of 12,500 to cover expenditure for the period on aid from .the 13th June to 11th July, 1950, being portion of the loan negotiated by the Managing Director as authorised at the Meeting on 2Sth December, 1949. Chairman produced sn matter of HEYS V. M1DALCO no uttoriw PRODUCEDIN MATTER OF .BARROW V. MIDALCQ NO 1148 OF 1987 -AUSTRALIAN BLPB^SBBSTOS .LIMITED. Minutes of Hooting of Directors held at No.l O'Connell Street, Sydney, on Tuesday, 11th July, at 1C.30 a.a. present : Directors - Messrs * C.W.R. Powell (Chairman) K.O. Brown and J.A. Elaslle. laJtttanflans*. - Hr. H.R. Brennan. Minutes; The Minutes of the Meeting of Directors held on 13th June, 1950, were read, con* firmed and signed. Manager*_s Report s The Manager's Report for the four weeks ended 20th June, 1950, was tabled. Expenditures Expenditure disbursed for the four weeks ended 20th June, 1950, vis. 36,155 was approved. Receipts totalled 27,o77 (Fibre Sales 1C,399 Sundries 17,478), Cheque Lists as under were approved. No.l account No.2 account 29,471.11. 0 14,505. 8. 5 Profit & Profit & Loss Account for the four weeks Loss Account ended 20th June, 1950, was tabled. Production. Sales & Stocks : Progress Statement for the period 4th Jan* uary, 1950, to 20th June, 1950, was tabled. Plant Hired It was resolved that approval be given for from The the following plant when purchased to be CSR Co. Ltd.s hired from The Colonial Sugar Refining Co. Ltd. on the usual terms : No.127 Symons Screen 1,352 Loans from The c .s .R. Co. Ltd. : It was resolved that The C.S.R. Co. be asked for a further loan of 15,000 to cover expenditure for the period on and from the 12th July to the 7th August, 1950, being portion of the loan negotiated by the Managing Director as authorised at the Meeting on the 28th December, 1949. Produced in A- T* Chairman PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1261 OF 1987 PRODUCED N MATTER OF BARROW'V; MIDALCO . NO 1148 OF-198T. AUSTRALIAN -BLUE, ASBESTOS LIMITED Minutes of Meeting of Directors helri at No. 1 O'Connell Street, Sydney, on Wednesday 9th August, 1950, at 10.30 a.m. Present*. Directors - Messrs C.W.R.Powell (Chairman) K.C.Brown & J.A.Elmslie. In Attendance -Mr. H.R.Brennan. Minutes: The Minutes of the Meeting of Directors held on 11th July, 1950, were read, con firmed and signed* Manager's Report: The Manager's Report for the four weeks ended 18th July, 1950, was tabled. Expenditure: Expenditure disbursed for the four weeks ended 18th July, 1950, viz. 35,452 was approved* Receipts totalled 24,813 (Fibre Sales 15*156 Sundries 9,657)*. Cheque lists as under were approved - No.l account No.2 account 26,954. 2.11 11,478.10* 9 Profit & Profit & Loss Account for the four weeks Loss Account ended 18th July, 1950, was tabled. Production Sales & Stocks i Progress Statement for the period 21st June to l6th July was tabled. Plant Hired It was resolved that approval be given for from The the following plant when purchased to be csr Co .Ltd.: hired from The .Colonial Sugar Refining Co. ' Ltd. on the usual terms. No.128 Kubit Kills 2,8G0 Loans from The CSR Co. Ltd. : It was resolved that the C.S.R. Co. Ltd. be asked for a further loan of 10,000 to cover expenditure for the period on and from 8th August to 5th September, 1950, being portion of the loan negotiated by the Managing Director as authorised at the meeting on 28th December, 1949. cL-JB Chairman. }: PRODUCED W MATTE? OF HEYS Vv MIDALCO NO 1161 OF 1987 txy.`uclo .6AftROWV:Mia*2co:` * *10:1146 OF-1987'". AUSTRALIA?- BUTS ASBESTOS LIMITED- . Minutes of Meeting of Directors held -at Mo.l O'Connell Street, Sydney, on Tuesday 5th September, 1950, at 2.30 n.m. Present? Directors Messrs, C.V.R.Powell (Chairman'} _ __ K.C. Brown & J.A. Eltislte. . Mi nut? : In Attendance - Kr. H.R .'Brennan. The ?:inwtes of the Meeting of Directors held on 8th August, 1950, were read, con*.. ' firmed and signed. , Manager1s I.epccj; : The Manager's Report for the four veeV.s v ended 15th August, 1950, was tabled. Expendituret Expenditure disbursed for`the.-four weeks' ended 15th August,. 1950, viz. 38,779 was approved. Receipts totalled 1Q;603 (fibre sales 6,579 Sundries 11,024) Cheque lists as under were.approved, `.v ' -J- No.l account * . .33,786.il. 4-' ' j`:V Wo.2 account 16,241. 6.. 5 *. Profit /> Profit tr. Loss Account for the four weeks I.or<s Account;ended 15th August., 195C , wns.tabled. ... Production Sal**s dr Stockg J Progress Statement for the period 21st-'' June to 15th August 'was tabled. Loans from It was resolved that The C.S.h. Co. Ltd. he '.' The CSR Co asked for a further loan of `IPO.'VC to.-' :-;Z Ltd. : cover expenditure for the **r1o>i on and from-Vi. 6th September, 1950, to 3rd. October,` 195c,'-:' -Sv- being portion of the lor.n- negotiated -by ! the Managing Director as authorised at: .the*-'"; >> meeting on 28th December, 1949. Bill, of Sale Barrett 6 P.ad lev : It was resolved that the action of the>Dir- ../S ectors in giving permission for the Memorandum "J of Satisfaction of Bill of Sale for ;Barrett & Radley to be signed and sealed and authorise; in Mr. H.R. Brennan to countersign .the -Bill, be confirmed. ' Produced injury Cases* Pc-rsonal cop^toacrJa^;'teia and toruggs ... PROOUCaJ IN MATT OF HEYS V. MIDAICO NO 1161 OF 1987 6ARROW. V. W.^O' U4& OK 1987,*:*; AUSTRALIAN BLUE ASBESTOS .LIMITED Minutes of Meeting of Directors held et No. 1 O'Connell Street, Sydney, on Tuesday , 3rd October, 1950, at 10.30 a.m. Present; Directors Messrs. C.W.R. Powell (Chairman) K.O.Brovn <St J.A.Elmslie. In attendance - Mr. H.R.Brennan. Minutes; The Minutes of the Meeting of Directors held on 5th September, 1950,.were read, confirmed and signed. Managers_____The Manager's Report, for the four weeks - Report: ended 12th September, 1950*.was tabled. ' rtv .' Expenditure:- Expenditure disbursed for the four'weeks ended 12th September, 1950, vis. 59,565-'- was approved. Receipts totalled* t 25,140 (fibre sales Nil Sundries 25,140)' Cheque lists as under approved - No.1 Account No.2 Account ^7,275. 9. 0 22,132.14. 4 It was decided to draw the Manager's " attention to the Increase in expenditure !.'>*' for the period and to point out-that^he amount was in elxeess^of "our BUdgatEed programme. Profit A Profit & Loss Account for the four weeks . Loss Account: ended 12th September, 1950, was tabled.. Production Stocks Deliveries: Progress Statement for the. four weeks ended 12th September, 1950, was'tabled. t Plant Hired Zt was resolved that approval be given from The for the following plant when purchased CSR Co.Ltd. to be hired from The Colonial Sugar Refin ing Company Limited - Form No.129 No.130 Mine Ventilating Fan Ford Passenger Bus 800 v .' 2111 Loans from The CSR Co. Ltd. : It was resolved that the* action of the Directors in arranging loans of 15,000 on 24th August and 15,000 on 22nd Sept-*., ember from The C.S.R. Co. Ltd. be confirmed as being portion of the loan negotiated -.. by the Managing Director as authorised at. the Meeting on 28th December, 1949. '/tvr* Chairman. PRODUCED IN MATTER OF barrow v. midalco NO 1148 OF 1987 AUSTRALIAN BLT72 ASB55T0S LIMITED Minutes of Meeting of Directors held at ho. 1 . O'Connell Street, Sydney on Tuesday 31st October, 1950, at 10.15 e.m. 1 Messrs. C.Vf.R.Powell (Chairman) K.O.Brown A J.A.Blmslie. In attendance Mr. H.R. Brennan. Minutes: Manager1s Refort: The Minutes *of the Meeting of Directors held on 3rd October were read, confirmed and signed The Manager's Renort for the four weeks ended 10th October was tabled. Exnenditure: Expenditure disbursed for the four weeks ended 10th October, viz. 04-2,233 was approved. Receipts totalled C34,4U7 -f (fibre sales 17,353 Sundries 217,094) Cheque lists as under ttf'fee approved : No.l account No.2 account 39,676.12. 2 12,492. 9. 1 Profit i' 'Loss Account: Profit & Loss Account for the four weeks ended 10th October, 1950, was tabled. Production Stocks A Deliveries: Statement for the four weeks ended 10th October was approved. Annual Ttene^a 1 Meeting: The action of three of the directors In giving the secretary Instruction to notify shareholders that the Annual General Meeting be held at 10.30 a.m. on Tuesday 7th November was confirmed. -Accounts, Auditors Report and Directors" Report : The Balance Sheet and Profit t: Loss Account for the year ended 30th June, 1950, together with the Auditors Report thereon and the Directors Report were tabled end en^mved and the Balance Sheet and Directors Report were slened. Auditors Report A* The following matters referred to In Messrs Merry Merry's report for the 30th June, 1950, were discussed: Government Accounts. It was reported that steps had already been taker, by the Manager to try and obtain settlement by the Govern raent of their accounts at more frequent Intervals. Cracker Plant. It was agreed to ask the Manager to advise us as soon as the amount: owing by the Fublic Works Department has been accepted by them. - ~D IN MATTER OF HtYS V. MDALCO NO 1161 OF 1987 akrowv. midalco NO 1148 OF 1987 r~T'.LIAM ,r..-nr `rcr Vp-T-pn. Minutes of .'juu;..- Ganor *1 Keating of Shirehoi'em held *iT :v>. 1 OiCo..:`>ii* Street, Sydney, on Tuesday 7th I'ovenber, 1050 at 10*"0 a.ru P-c^cntt- *'c3sr3. C.V.V, Pot;- 11. (Chairman) K.O. 3ro7m Tjid J.5. Slmslie. In Attendance;- ll.R. Brennan The Chatman vx.r.ounrc'l that he held* proxies from The Colonial .Ougar r.efinin" Company Limited, and Ur. J.L. Tucker. T-otic^ of Mectinn:- I!r. Brennan for the Secretary fee reed the votlce convening the raeetihg. of Vcc-.P The minutes of the Annual General nesting held on the 27th :'ovcibc,`, 19*!-9 were read, corfinned and signed. n.-j^ -r.re The acco .nta, .1 l.nnco *hect an-) Auditors fc 'ror.it k P.o'.ort for the yor-.r ended 30th .Tunc, 1050 Los-.; Account having been ci-culatcd among sharehol ers with Auditors vri:s taken a- read and adopted* Resort : Cheiman>s Rerort;- The Chatman's Report was re :d and approved. nyt'BR of 7dm to**::- It wvs resolved that Mr. Keith Osborne 3rov.Ti, v.tio retires in accordance with Article 03, be re-elected a Director of the Company. /Auditors i- It ?ns resolved that Messrs. Kerry & Kerry be ro-aryoirrted auditors of the Company for the year ended 30th June next at a fee to bo mutually agreed upon. fKOwm-Lb IN MA'l Ot1 HEYS V. MIDALCO NO Ml OF 1967; . BARROW V MIDALCO NO rW8bF'."iSt7. - AUSTRALIAN BLUE_ASBESTOS LIMITED, Minutes of Meeting of Directors held at No. 1 O'Connell Street, Sydney, on Tuesday 28th November, 1950, at 2.30 p.a. Present: Directors - Messrs. C.W.R.Powell (Chairman) K.O.Brown & J.A.Blsslle. . In Attendanee - Mr. H.R.Brennan.' Minutes: Manager's fiqpof.t : The Minutes of the Meeting of Directors held on 31st October were read, confirmed and signed. The Manager's Report for the four weeks * ` ended 7th November, 1950, was tabled. EXP93d,Ums Expenditure disbursed`for the four weeks ended 7th November, tlx. 58,590 was . approved. Receipts total\55,575. (fibre sales 41,992 and Sundries. 13,583).'. Cheque lists as under t&uuftr approved.:' 4 No.l Account 43,154. 8. 9 4 No.2 Account '22,48?. 0.11. Profit & Loss : Profit & Loss Account for the four weeks * ended 7th November, 1950, was tabled*,-;--r- Production Stocked P-U.ve.leg : Progresa Statement for four weeks ended 7th November was tabled... -- Plant Hired from The CSR Co. Ltd. : It was resolved that approval be given for the following plant when purchased to be hired from The Colonial Sugar Ref-, inlng Co. Ltd. Form No.131 Rock Drills , 717 132 Instal Trommel 900- < 133 Ventlllatlng Fans . 103 135 Mining Equipment 6,000 13? HSL Engine & Al- 14,000.: ternator Loans from The C.S.R. Co. Ltd. : It was resolved that The C.S.R. Co. Ltd., . be asked for a further loan of 40,000- to cover expenditure on and from 27th November, 1950, to 26th December,.1950* '>, Next .Meeting: It was decided to hold the next Directors - Meeting on 27th December, 1950. V Capital Expenditure : The following Capital Expenditure was' approved : Produced 1V5 *; Injury Cases: copied to Ricna, Form No .131 132 133 135 Rock Drills -10;'; Instal Trommel ` 1,200 :, Ventlllatlng Fans .. 220J;. Mining Equipment 34Q. Personal A .'ZD IN MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 _ NO 1146 OF 1987 - /* APSTRALIAN BLHE ASBESTOS. Minutes of meeting of Directors held at No.l Bent Street, Sydney on Wednesday, 27th December, 1950, at 10.30.a.o. A. , Present. Directors. Messrs. K.O.Brown (Chaiiwah) J.A.Elmslle, fc H.R.Brennan (Alternate Director for. . Mr.J.L.Tucker) Minutes. The minutes of the meeting of Directors held on 28th November were read, confirmed and signed. > * Manaeer*a Report. 'The Manager's Report for the four weeks ended 5th December was tabled; Expenditure. Expenditure disbursed for the -four-weeks'*-'*' ended 5th December viz. 42,743 was approved. Receipts totalled 22,643 ' (Fibre sales MIL and Sundries 22,643). "V Cheque lists as under were approved. Ho.l Account 25,133. 3. 2 . No.2 13,607.18. 4 Profit k Loss. Production Stocks k.~ Deliveries. Plant Hired from The C.S.R.Co Profit 6 Loss account for.the four weeks ended 5th December 1950 was tabled.'/ -: . Progress statement for the four weeks, ended 5th December was tabled, . It was resolved that'approval be given - . for the following plant when purchased' '"* to be hired from the Colonial Sugar ' Refining Co.Ltd. Capital Expenditure, Form Ho.134 Condensers & Trayler Crushers 2,740. Mo.136 Waste dumping trucks 2,632. No.139 Joy Loaders. 35,000. The following Capital Expenditure was approved:- Form No.134 Condensers & Traylor Crushers ' . 27460 No.140 Mill, Mine & Office extensions . 2,080. ' . Loan from The C.S.R. Co.Ltd. It was resolved that TheC.S.R.Co.Ltd. be asked for a further loan of 30,000 to r cover expenditure on and from 27th December 1950 to 23rd January, 1951. Cinema. The application for renewal of registration of the Cinema was signed and sealed' with the Company's seal and Mr.B.R. Brennan was*.* authorised to countersign .the application... Produced in Asbestos Personal Injury Cases: / -:*2o arid copied to Richu.o r. S'-iuo&s tZl/i-i Chairman PRODUCED IN Mttfe mOOUCED IN MATIB? OF I KEYS V. MIDALCO NO 1161 OF 1967 -7 BARROW V. MtD^CCO ..V-*,: NO 1148 OF 199? > < 3- Vfater Sutt>1v. It was decided to. surest to the Manager that it may not be desir able to press for recoupment. in .part v from the* West. Australian Government of -' expenditure of 1,225* <? 6 already '. made on "temporary services11* Audit Fees; The chance for Audit fees received from--:.; Messrs# Merry /: Merry of 422.I*. 0 was- - approved for payment. X Refrigerators! Approval was given for the purchase of a further 12 defender refrigerators for resale* ,,, * < ; i : .v ... ... ij f > t. i i Chairman. 8ssh copied to F:>h .-Tv C 0810 iHMllWl BTW iSWTBO UP. Blasts* of Hooting of Dlrootors bold at lo.l 0*CBnoll Stroot, cc futility tho 23rd Jianry, 1951, at 10*0 aa* flsssrs* C.v.s.poon (Chaim*) E0M d BJUaroeoa* (altornato dirsotor for Hr,;L*SaBkor) tfao Mlnotoo of tho Hooting of Dirootoro hold on tfao 27tfa Ooooabor, 1950, osro rood, oonflnod sad SigBSd* tfao KObocot'o Boport for tfao foor nooks tadod tfao fad /aatary, 1951, soo taklod* Sxpsnditm llibwood for tfao four ` tho fad January, 1951, Ho*l looount tf>2,38617*10 bo*2 - ayfisiM. 5 Profit sod Loss aeeouat for tfao four nooks oodod tho 2nd /senary, 1951, nos toblod* It nos ogrood that tho C3*B Co.Ltd* bo oakod for o furthor loo* of 15,000 v to flow aipaiUtnra co and fro* tho_ 2tth January to tfao 20& Ftteoary,1951. It nos rosolrod that tho agrsfnt botnsao lastralls* Blao Asbosto* and Poroy ffaeaao Jchnstoo, tfao has boa* appoints! oanagor of tho Hotol fbotoaeao, tfwwld bo slgood and Haiti with tfao Company's ssaland Hr* HJU arm* no# astfaerlsod to eoBotarsig* tho ofmaatt. Chain*** a.OSTP*t.TAN 3LP'-' -SaESTQS LTD! finutes of ::=eting of "irectors he! O'Connell Street, Sy.ney, on Tuasdi February, 1551, at IC.2C '.st. .t Bo. 1 Oth Present! Minntest Director;. ...assrs. C.J8*.rowell (Chairs? E.C.Drown y J.^...losli5. In Atteniince - Mr. Hfl|*Brennan The Hihutss of the Kesvlhg of Directors neld on .;:* January 1951 were reaa, confirmed -and signed*. The 'Manager's Report for the four weeks ended 20th Juwary, 1991 was tabled. Expenditure is cursed for trie four week: ended 22th J .cuary 1991 Tit* 39,544 wa: approved* Receipt* total 25,956 (Fibre Sales 01D.27D -,no Sundries 13,060) Cheoue List; undcr'were approved. No.i * cccunt 28,394.15. o No.- `.ccount 12,365. 1* 7 Profit ~n: Loss Accotnt for the four ..eeks .?n:sd 2C6h Jtaaary, 1901, was tail ?ro.-rc-..s statement fpr the four weexs ended *Cth January, 1951, was tablei. It <7:1 v resolved that:approval be given for the following pleat when purchased to b? :iired from The Colonial Sugar Refining -oapany Ltd* Rock drills, power saw ant battery charging station : "line. 14<5 Power Souse transformers Supplementary Form No.150 fora Bus - increased cost The following Japital Expenditure was a Form No.Ill ,ood Planing Machine 142 Battery;charging station e Supplementary Form No. 61 Library and Cafe, Tennis D-urt, Town power lines et> It was resolvei that The Colonial Sugar Refining Company Ltd. be asked for a fu loan of .35,000* a i -.rSTRALlAN PICE AS5Z3T0S LT9. - inutes of --eeting zi firectors ..aid ic 2c.1 O'Connell Street, Sv nay, on "ednesday, 21st Varch,. 1951, at 10.5 resent: Minutes: onager* s rsport: r:coenditure: Profit and Loss: Production. Stock and deliveries: Capital Expenditure: Loan from "he 'C.S.R, Co.Lta.: hessrs. CPowell (Chairman) -C.u.Brown and R.R.Brennan (ilcernace director for fr.J.L.Tucker). Tdp 'inutes cf t.*. eeting of directors r.eli cn 20th Feoruarv, 1951, :re real, confirme \ an signs . The Manager's Report :cr four weeks ended 27th February, 1951 ,;a.s tabled. expenditure disbursed for rr.= x'our -vseks ?nied 27th February, 1951 viz. 255,594 was approved. Receipts total 28,559 (Fibre Sales S9,496 aal Bandfisa 019,008^; - - Ihetue Lists as under were approved. No.l Account 41,14* 0. 3 No.2 Account 27,18.12. 1 Profit and Loss Account for tae four -geeks ended 17th February, i.951, was taoied. Progress statement for the four geeks ended 27th February, 1951, gas tabled. The following Capita- Lxpenciture was approved. Form Mo.144 Installation of 200 ton fuel tank. 700. It was resolved that The Colonial Sugar Refining Company Ltd. be -as.csd for ' further loan of 25,000. Chairman. C 0812 APSYBUng " jcopjvnc l.mV Minute* of Meeting cf Directors held at 80. 1 Q'Connsll Street, Sycney, on Tuesday 17th April, 1251, at 10.0 a.m. present* wlnutes: .Manager's Heoortf Expend!tore: Profit and Loss: Production, stock and Deliveries: Loan from The C.S.R. Co.Ltd.: Directors - Mesars. C.^.R.PotwII (Chairman) C.G.Brown and J.A.Elaslie. In Attendance - Mr. ,=.Srennan. The Minutes of the Meeting of Directors held on 21st March, 1351, were read, confirmed and signed. The Manager* s Report for tho four weeks ended 27th Jarcn, 1951 was tabled. Expenditure disbursed for the four weeks ended 27th March, 1351 vis. 48,695 was approved. Receipts total 2c,213 (Fibre Sales 13,611 and Sundries 14,572). Cheque Lists as under were approved. 50.1 Account 40,046.16. 2 50.2 Account 14,335. 9.10 Profit auJ Loss Account for zuo four see<s ended 27th March, 1951 v!?s taolcd. Progress Statement for the four veeks ended 27th ''*rcr.. .951 was taoied. It was resolve! that The Colonial Sugar Refining Company Ltd. be asiced for a further loan of lo,CG0. Chairman. C 081 3 A![Ijo.-I i .AS BLUE ASBESTOS. Minutes of Meeting of Directors? held, at No.l O'Ccanell Street, Sydney, cn Toesaaylbth May, 1951 at 10.0 am* fresej&t Directors: Messrs. C.ff.R.POwmH (Chairman), K.O.Brown and JJUSlmslie. In Attendance: Mr.H.R.Brennan Minutest The Minutes of the Meeting of Directors held on 17th April were read, confirmed and signed. ttanygtr'g Report* The Manager's Report for-tfee four weeks ended 24th April was tabled. Expenditure disbursed for the four weeks ended 24th April, 1951 viz.54,162 was approved. Receipts total 18,451 (Fibre Sales Nil and Sundries 1S,451) Cheque Lists as under were approved: No.l Account Mo.2 Account 34,584.16. 1 24,457. 5. 9 -roflt LOSS! Profit and Loss Account for the f:vr -reeks ended 24th April, 1951 was tabled. Capital ^ondlto-TP The following Capital Expenditure v?s approved. Fora No.145 Fibre Cleaning Screen 770. Plant Hired It was resolved that approval be given for from The C^S.R.the following plant when purchased to ce co.Ltd,i hired from The Colonial Sugar Refining Company Ltd. Form No.146 ?'acson Lathe 1,800. Cc.Ltd.t It was resolved that The Colonial Sugar Refining Company Ltd. be asked for a further loan of C15,C0C. ' Chairman. iTTSTRUIAB 3LP3 ASBESTOS LTD, Minutes of Meeting of Directors held at No.l 0*Connell Street, 3ydney, on fednesday 13th June. 1351 at 10.0 -*a. Presents Directors; Messrs* C.W.R*Powell (Chairman), 5.0.Brown and J.A.Slaslle. In Attendance: Mr.H.R.Erennan. Minutest The Minutes cf the Meeting of Directors held on 15th May, 1951 were read, confirmed and signed* ^anaggjJX The Manager*? Report for the four weeks Psportt - ended 22nd May, 1951 was tabled* Expend!tare: Expenditure disbursed for the four weeks ended 22nd May, 1951 viz. 60,875 was approved* Receipts total 55,212 (Fibre Sales 18,062 and Sundries 37,160). J Cheque Lists as under were approved. No*l Account Ho*2 Account 46,726*17* 4 15,405* 5*10 Profit and Loss; Profit and Loss Account for the four weeks ended 22nd May, 1951 was tabled. Loan from The C-S-RCo.Ltalt7 It was resolved that The Colonial Sugar Refining Company Ltd* be asked for a further loan of 15,000* Chairman. Minutes ci Meeting cl Directors held at Jo.i oiConoeli street, Xymey, oa Tuesdav 10th July, 1951, at I'M .t.s. ^resent* Directors: 'ressrr. C.K.R.Powell (Chairman) 1.0.Brown and J.A.Slmsiie In \ttenaanca; Mr.H.n.Brennan. The minutes cf the veefcing of Directors held on 13th June, 1051 were read, confirmed and signed. Report: The Manager's Keport for the four weeks endeu 19th June, 17 51 was tabled. Expenditure disbursed fcr the four weeks ended 19th June, 1351 viz. 52,108 was nDprcved. Receipts total 256,543 (Fibre Saies 212,331 and Sundries 43,209). Cheque Lists a3 under were approved. !c.l Account No.2 Account 31,"81.11. 3 224,944. 2. 0 Profit and Loss: Profit sad Less Account fcr the four weeks snded 19th June, 1351 was tabled. Plant Hired It wts received Uiat ^pprcvsl bo given icr from The the following plant when purchased to ce r.s.B.Co.Ltrt. thlred from The Colonial Sugar Refining Company Ltd. Form No.147 Fuel Oil Separator 275 Production ifrUffmg: pfUPtS* Progress Statement fcr the four weeks ended 19th ^une, 1951 was tabled. It wes resolved that T^e Colonial Sugar Refining Company Ltd. oa -'ssred fcr a further loan of 15,000. / Chairman. Minutes* ef Meeting of directors held at Bol Bent Street, Sydney, on Tuesday 7th August, 1051, at 10.0 a*a* -rwxent: Messrs* *0*Srown (Chairman), J*A*SlasIis end H*R.Brennan (alternate Director for Mr*J.L*?ucker) Minutest The Minutes of the Meeting cf Directors held on 10th July, 1-.;51 were read, confirmed snd signed. Manager*s Panortt The Managers Report for the four weeks ended l?th July, 1351 was tabled* ExpondiJBej Expenditure disbursed for the four weeks ended 17th July, 1951 viz* 71,001 was approved. Receipts for the period were 22,ni8 (Fibre Sales 3,193 and Sundries 19,325). Cheoues drawn on the ;Jos. 1 & 2 account for 58,561* 2* 4 and 27,058. 1*11 respectively were approved. Profit and The Rrcfi.t and Loss Account for the four Losst weeks ended 17th July, 1951 was tabled. Plant Hired It was resolved that approval be given for from 1M the following plant when purchased to be C.S.R.Co.Ltdihired from The Colonial Sugar Refining Company Ltd. Fora 8o*148 - 60 Miners Cap Lamps 1,057. Capital The following Capital Expenditure war Expenditure! approved* Fora 8o*149* Extension cf Mine Office and Change Room* 400. Form Mo*150. "ittenoca Club Room* 1,205* Sgppljmeqtajx* , __ Form Hc*81* Hotel Alterations, netail Store, Cinema, Cafe & Library* 6,460* Form 8o*142* Power Saw for Mine* 47* Form He.108. Sqployees* Club* 1,705* It was resolved that the action of the Directors is arranging a loan of 15.000 from The C.S.R.Co.Ltd. on the 27th July, 1951 be confirmed and it was further resolved that The C.S.R.Co.Ltd. be asked for an additional loan of 15,000* t C 081 Chairman* AngRfiLIAH SLIT? ASBESTOS L:?'IT5Q Minutes of Mooting of Directors held at No.l 0Connell Street, Sydney, on Tuesday 4til September, 1351 at 13.n a.a. 2x?m& Directors. Messrs. C.~.R.Powell (Chairman), ^Q.Brcwn and J.A.Slasiie. In attendance. Mr. '.R.Brennan. -IMS*** The Minutes of the Meeting of Directors held on 7th August, 1351, were read, confirmed and signed. "sports The Managers Report for the four weeks ended 14th August, 1351 was tabled* Expenditure: ^cpendlture disbursed for the four weeks ended 14th August, 1351 vis. *87,950 was approved. Receipts for the period were 46,975 (Fibre Sales 12,211 and sundries 23,784). TMeaues drawn on the .los* 1 2 Account for 69,213*17. 3 and 33,683*11* 1 respectively, were approved* grstU-flrt Profit and Less Account for the four weeks Losst ended 14th August, 1351 was tabled* Capital The following Capital Expenditure was expend!turei approved. Form No.151* Two staff Houses in Staff Settlement* 6,000* Fora No.152. Furniture for Staff Houses. a,600. ihS MJL* It was resolved that The Colonial Sugar Refining Company Ltd* be asked for a further loan of 15,000* Application for LQtnt it was resolved that an application be made to The Capital Issues Board for approval for a further loan of 100,000 from The Colonial sugar Refining Company Ltd* Chairman. C 0819 AUSTRALIAN BLUR ISBgflTPS LIMIKB Minutes of Mooting of Directors held at No*l 0*Connell Street, Sydney, on Thursday 4th October, 1951, at 10*30 a.a. Directors. Messrs* C.V7.B*?owell, S.o.Brown and J.A*2laslie. IA attendance* Mr.H.H.Brennan. Mlnutei: The Minutes cf the Meeting of Directors held on the 4th September, 1951, were read, confined -_r.a signed* Managers fteportt The Manager*s Report fcr the four weeks ended 11th September, 1351, was tabled* Expenditure disbursed fcr the four week3 ended 11th September, vie. 80,75 was approved* Receipts fcr the period were 62,104 (Fibre Sales 22,601 and Sundries 29,502)* Cheques drawn on Nos* 1 and 2 Accounts for 60,016* a. 7 and 26,722.10.10 respectively were approved* Profit and r.csst The Profit '< Loss Account fcr the four weeks ended 11th September, 1951, was tabled* Capital The following Capital Expenditure was Expenditure approved* Fora No*152 - 4* typewriter* 55* Fern No*154 - Explosives Magazine* 250* It was resolved that The Colonial Sugar Refining Company Ltd* be os:-:ed for a further loan of 32,000* Meetingi It was resolved that tne Annual General Meeting of Shareholders of the Company be held at Ne*l 0*Connell street, Sydney at 10*20 a*m* on Tuesday 20th October, 1951 and the Secretary was to be instructed to notify Shareholders accordingly* Application for Loant^ Approval has been received from the Delegate of the Treasurer cf the Commonwealth cf Australia to Australian Blue Asbestos Limited accepting Interest free deposits from The Colonial Sugar Refining Company Ltd* up tc an anount of One hundred thousand pounds (100,000). f Chairman* USTBAIim 3LU5 ASBSSTOS LIMITSD Minutes of Meeting ct Directors held at Sc.l O'Connell Street, Jydney cn Tuesday 39 th October, 1951, at 10.15. a.a. 'resent: Messrs. C.v-'.n. Powell (Chairaan'}, M.C."ing (Alternate Director for Mr./C.O.Erown), .4.:d H.R.Brennan ('lternata -irector fcr Mr. J.L*Tucker). Mlnuteei The Minutes cf the Meeting cl' Direct:ru held cn the 4th Octccer, 1351, were reau, confirmed and signed. Manager** &&! The Manager's Report fcr the four weeks ended 9th October, 1351, was tabled. Lxaandltnre: Expenditure disbursed fcr tne :cur weeks ended 9th October, viz 67,999 was approved. Receipts fcr the period were 46,709' *(fibre Sales 12,772 and Sundries 22,703). Cheques drawn cn :ios. 1 and C Accounts for 56,290. 5. 4 and 35,221.14. 5 respectively were approved. Loss: The rrcfit V. Loss Account fcr the fcur weeks ?nded 9th October, 1951, was tabled. BP It was resolved that The Cclcnial Sugar Refining Company Ltd. be asked for a further lean cf 25,000. -reduction Statement fcr the fcur weeks enaed 9th October jtpcks ft was approved. Deliveries: XzznshlSL It was resolved tnat the Agreement between lectncltrt Australian Blue Asbestos Limited, The Tableland Read Board and The State Electricity Coaaaissicn be signed and seeled with the Company's seal and Mr.H.R.Brennan was authorised tc countersign tfc*? -vreemant. PlantJTlred :'rca The C.S.H.Co. Ltd*; It was resolved that approval be ?iven fcr the following plant when purchased tc &e hired from The Colonial Sugar Refining Company Ltd. Fora ;lo156 - Fans fcr Grading Plant 400. 157 - 2 5C0 TWA Transformers 2,900. 158 - Mining Equipment 3,000. Coital The following Capital Expenditure was approved. 5HIIIistaFora Ho.155 - Grading Plant Extension. 5,190. 157 - Installation cf Engines.15,70. jgffcsaq' Lathe fcr `ferksnep. 458. 121 - Power House Installaticn.1,595. Accounts. Auditors^ Peoort and Directors Report: The Balance Sheet and Profit & Less Account fcr the year ended CCth June, 1251, together with the Auditors Peuort thereon and the Directors Report were tabled and approved end the Balance ^eet and Directors Report were signed* l The following matters referred tc in Messrs. Merry * Merry*3 repcrt for the .:0th June, 1551 wre discussed. Gaol Contract. The Manager tc be ;.s `3d :cr further details cz' the ancunt shown as owing for the Gaol Contract cf 1M. 1. 6 and as t; what steps have ceen taken to rec?*^^^ aaotfflt. ?|bre Contract. It 7/as agreed that the oroVlsicn sncen as :-'ibre Contract Losses cf ;-JZZ9TTQ should not have teen charged against the production fcr the year ended 30th June, 1951 but that action would net now be taken to adjust the figures. Developneat. It was decided mat t.:e method or allocating expenditure between ievelcpaent and areduction should net at present be altered* ^wng>*ig 'otivltisg. the suggestion by the Auditors that the surpluses* losses and expenses on Township Activities shculd be .collected m a Township operating Account, and that tie nett surplus only shculd ba transferred tc the Profit * Less Account %ss approved* A<m.pw9 Figures* It "es agreed that tne Auditors jr.oulu-be as; ed to eliminate naif yearly figures i'rca their supporting accounts and shew yearly figures cnLy# Chairman. ffTMLItt-atg? j-SS2.STOS LIMITS? ''inute* of Meeting of directors held at :ic*l O'Connell Street, -yiney cn Tuesday 27th Ncvenoer, IS51, St V\0 a.m. 'resent: Directors* Messrs* C.-".R.?cveil (Chairman), -'.0*3rown and J.A.llnslie* wlnutes: The Minutes ci the Meeting ci Directors held cn the `"th sctcb-ar, l?5l, were ret a, confirmed and .ugneu* Manager's ^jort: The Manager's I'epcrt for the four weeks ended 6th Mcvenoer, i:si, vts tabled* lypan^^turet Expenditure iiscursed for the dour weeks ended 6th .''overseer, viz 7,c72 was approved* Receipts tor the period were 46,320 (Fibre -Sales (224,13c and sundries 22,122}* Cheoues drawn on :2cs* 1 ind 2 Accounts for 41,141.1-*. 4 an* 23,034* ;*10 respectively were approved* ? refit and loss: at The Preiit * Loss Account for tr.s four veeks ended 6th November, 1?51 was taoled* It was resolved t;:at tpprcval be given .or the following plant *r en jurenased tc be hired from The Colonial Sugar Refining Company Ltd* Form Me*159 Crusning /lant `xtensicn 13500. Sc.loS *ydro Jibs. 1200 Capital The .'cllcwing Capital ":xP9n'ii ture v.-as -Ixaeodlture: approved. Form Nc.153 - Crushing Flant Extension Sc.lcO - Mill Plant. Ho.lcl - Dust Control System Supplementary Form No .1*4 - 200 ten :uel Tank 17500 1153 1000 /: 372. It was resolved that The Colonial Sugar Refining Company Ltd. be asked fer * further loan of 17,000. It was resolved that an application be nade to The Capital Issues Board for approval for a further loan cf 100,900 from The Colonial Sugar Refining Company Ltd* It was agreed to hold the next Meeting cn Thursday 27th December, 1951* / Chairman! aCTffpAUAg BLUE ASBESTOS LTM1T3D Kinuttt-'of Meeting of Directors held at 5.i O'Connell Street, Sydney on Thursday 27th December, 1951, at 10.0 a.a. Resent: Messrs. C.W.R.Powell (Chariman), K.O.Brown and H.R.Brennan (alternate - Director for Mr.J.L.Tucker) Minutes; The Minutes of the Meeting of Directors held on the 27th November, 1351, were read, conflmed and signed. Manager's Report; The Manager's Report for the four weeks ended 4th December, 1951, was tabled. Expenditures Expenditure disbursed for the four weeks ended 4th December, viz 80,324 was approved. Receipts for the period were 52,158 (Fibre Sales 21,169 and Sundries 30,989). Cheoues drawn on Nos. 1 and 2 Accounts for 50,099. 5.11 and 26,822.18. 6 respectively were approved. Loss; The Profit & Loss Account for the four weeks ended 4th Decaber, 1951, was tabled. Blue Asbestos Prices It Is proposed to Increase the selling prices of 31ue Asbestos Fibre as under: No.l grade 300 No.2 grade 225 No.3 grade 170 These prices to take effect iasedlately for export and application for similar prices to be made to the Prices Commissioner, Western Australia, for local sales. It was resolved that The Colonial Sugar Refining Company Ltd. be asked for a further loan of 32,000. Loan: Approval has been received from the Delegate of the Treasurer for Australian Blue Asbestos Limited to accept an interest free loan of up to 100,000 from The Colonial sugar Refining Company Limited. / . .Oi;VCED IN MATTER OF HEYS V. MIOALCO NO U6i OF 1987 produced MAniafop ' BARROW V: MtQAtfjcF NO 1148 OF 1987* APSTRALIAH BLUE ASBESTOS LTD, Minutes of Meeting of Directors held at Ho.l O'Connell Street, on Tuesday the 23rd January, 1951 at 10.0 a.m. Present; Messrs, C.W.R.Powell (Chairman) K.O .Brown & H.R.Brennan (alternate director for Mr.J.L.Tueker). Minutes! The Minutes of the Meeting of Directors held on the 27th December, 1950, were read, confirmed and signed. Manager's The Manager's Report for the- four cr Report * weeks ended the 2nd January, 1951, was tabled.. ` Expenditure? Expenditure disbursed for the four ' weeks ended the 2nd January, 1951, vis 50,653 was approved. Receipts total 40,237 (Fibre sales 17,399 and Sundries 22,838). Cheque lists as under were approved. Ho .1 Account 42,386.17.10 Ho,2 * 14,451.16. 5. Loss s Profit and Loss account for the four weeks ended the 2nd January, 1951, was tabled. Loan from It was agreed that the C.S.R. Co.Ltd, - The C .S.R. be asked for a further loan of 15,000' . <: Co. Ltd. : to oover expenditure on end from the 24th January to the 20th February, 1951. Fortescue s It was resolved that the agreement between Australian Blue Asbestos Limited and Percy Thomas Johnston, who has been appointed manager of the Hotel Fortescue, should be signed and' sealed with the Company's seal and Mr. H.R. Brennan was authorised to countersign the agreement. A'- i f dLj32. Chairman. > produced in Asbestoo Personal Injury Cases: ALr? copied to Richard K ircruCjS I -Ji .CED IN MATTER OF HEYS V. MIDALCO NO 116! OF 1987 ' VOir "i* iH`wliii>i -"'.PHODUCEDINMATTEA ds5u BARROW V. MIDALCO' ` .NO I14 ,SO F'I9'&' ?i*>,.*?'.* ftOSTRALIAN BLDE ASBESTOS LTD. Minutes of Meeting of Directors held at No* 1 O'Connell Street, Sydney, on Tuesday 20th February, 1951, at 10*30 a.m. Present: Minutes: Manager's Report: Expenditure: Profit and Loss:. Production Stock and Deliveries: Plant Hired from The C.S.R Co*Ltd*: Capl ta?. Expenditure: oan from The C.S.R* Co .Ltd*": Directors. Messrs* C.W.R,Powell (Chairman) * K.O.Brown and J.A.fclmslle. In Attendance - Mr* H.R.Brennan. " The Minutes of the Meeting of Directors - held on 23rd January 1951 were read, . .re confirmed and signed. . The Manager's Report for the four weeks; ended 30th January, 1951 was tabled. : Expenditure disbursed for the four weeks -'-:ended 30th January 1951 viz. 39,544 was -v' approved. Receipts total 25^956. (Fibre. Sales 12,876 and Sundries 13,0B0> ' Cheque Lists as under were approved'*-, .-;';; No.l Account 26,384;15. 6 * NO.2 Account 12,365. 1. >\< Profit and Loss Account for the fourweeks ended 30th January, 1951, was .tabled*-. Progress statement for the four weeks ended 30th January, 1951, was tabled.' .- It was resolved that approval be given for the following plant when purchased to be hired from The Colonial Sugar ` Refining Company Ltd. * .* % y*t' , Form No. 142 Rock drills, power saw.and battery charging station' for-'5'-' mine. .. :200< 143 Power House transformers 360- Supplementary Form No.130 Ford Bus - Increased cost.100 The following Capital Expenditure .was apprbv. Form No.141 Wood Planing.Machine- *' ;-3: 142 Battery charging station etc.5* Supplementary Form No. 61 Library and Cafe, Tennis Court, Town power-lines. etc.S9! It was resolved that The Colonial.Sugar- Refining Company Ltd. be asked for a further, loan of 25,000. . .;i. Produced in Asbestos Person Injury Cases: Abrams lead an copied to Richard F. Scruggs h.OC.'CED IN MATTER OF HEYS V. MJDALCONO 1161 OF 1987 . :*JCCD'W-M%TreR.QF.'i^ bARROW V: MipALCO. ;- NouaoFisd? * m . *. AUSTRALIAN BLUE ASPF.STOS LTO. Minutes of Meeting of Directors held at No.l O'Connell Street, Sydney, on Wednesday, 21st . March, 1951, at iO.O a.m. Present; Minutes: Manaeer* s Report: Expenditure: Profit and loss: Production. Stock and Deliveries: Capital Expenditure: Loan from The C.S.R* Co.Ltd.: Messrs. C.W.R.Powell (Chairman) K.O.Brown and H.R.Brennan (alternate director for Mr.J.L.Tucker). The Minutes of the Meeting of Directors held on 20th February, 1951, were read, confirmed and signed* The Manager's Report for the four weeks ; ended 27th February, 1951 was tabled* . Expenditure disbursed for the four, weeks ended 27th February, 1951 via. 55.594'was approved* Receipts total 28,559 (Fibre*- Sales 9,496 and Sundries 19,063).. Cheque Lists as under were approved* No.l Account 41,414. 0* 8 No.2 Account 27,648.12. 1 Profit and Loss Account for the four weeks ended 27th February, 1951, was. tabled*'" ' Progress statement for the' four weeks ended 27th February, 1951, was tabled. The following Capital Expenditure wasapproved* Fora No.144 Installation of 200 ton-, fuel tank. 7Q0 It was resolved that The Colonial Sugar Refining Company Ltd. be asked for a.further loan of 25,000. . -\ Chairman. Produced In Asbestos Personal Injury Cases: Abrams seai and. cooied to Richard F. Scruggs . mOC'CCED IN MATTER OF HEYSV. MlDAJXO NO U61 OF 1987 PRODUCED IN MATTER OF BARROW V. MtDALCO NOU4BOF 1987 . RT.DE scnpypps T/rn. Minutes of Meeting of Director* held at No. 1 OfConnell Street, Sydney, on Tuesday 17th April, 1951, t 10.0 n.T. Prepent-s Vlnnts: Alanaeer*s Renort: Expenditure: Profit and Lops: Prorirctie-n. Stock and Deliveries: Loan from The C.S.R. Co.Ltd.: Directors - Messrs. C.17.R.Powell (Chairman) X.O.Brown and J.A.Elmslie. . In Atten-lanc - Ur. H.R.Brenmn. The Minutes cf the Meeting of Directors held on 21st March, 1951, were Teed, confirmed and signed'. - The Manager1s Report for the four weeks ended 27th Kerch, 1951 was tabled. Expenditure disbursed for the four weeks ended 27th Kerch, 1951 vi2. 48,695 ts approved. Receipts total 26,213 (Fibre Sale? $13,641 and Sundries 14,572). Cheoue Lists as under were approved. No.l Account 40,046.16. 2 No.2 Account 14,835. 9.10 Profit and Loss Account for the four weeks ended 27th March, 1951 was table*. Progress Statement for the four weeks ended 27th March, 1951 was tabled. It was resolved that The Colonial Sugar Refining Company Ltd. be asked for a further loan of 15,000. ;1 ' f f t /4jj/n chalronn- Produced in Asfcasios Personal Injury Cases: Acorns and copied to Ricnarc t. bciuggs L .or* ."CCD IN MATTER OF HYS V. MIDALCO NO U61 OF 1967 PRODUCED JNMATftR OF* BARROWV MtDAtfX) N01M0M9B?"*- mmuwsxz. Agassaoa Minutes of Meeting of Directors held at No.l 0*Connell Street, Sydney, on Tuesday 15th May, 1951 at 10.0 a.m. or *#**nts Directors: KM.Oes.Bsrros.wnC.aWnd.RJ.P.Aow.Eellml (sClihea. irman),. In Attendance: Mr.H.RBrennan 7\- Minutes: The Minutes of the Meeting of Directors held on 17th April were read, confirmed and 'signed Manegerls Report: The Managers Report for the .four, weeks,ended 24th April was tabled. Expenditure: Expenditure disbursed for*the four weeks ended 24th April, 1951 viz.54,163 was. vl.. . approved. Receipts total 18,$51 (Fibre*.'* V*: Sales Nil and sundries 18,451) Cheque Lists as under were approved: Profit and X&s.: No.l Account No.2 Account 34,584^16'. 1 24,457. 6. 9 . ". profit and Loss Account for the four weeks-* ended 24th April, 1951 was tabled. . * :, Capital Expenditure: The following Capital Expenditure was .77. approved. Form No.145 Fibre Cleaning Screen 770. ' Plant Mired It was resolved that approval be given for from The C.S Ji.the following plant when purchased to be v Co .I.td . : hired from The Colonial Sugar Refining Company Ltd. .. Form No.145 Macson Lathe 1,600. - Loan ..from The C.S.R. Co.Ltd.: It was resolved that The Colonial Sugar Refining Company Ltd. be asked for a further loan of 15,000. . Chairman. Hjb/4-t Produced In Asbestos Tysons! Injury Cases: Abrams Tnd cooied to Richard F. Scruggs fROOUCED W MATTER OF HEYS V. MIDALCO NO 1161 OF 1987 AUSTRALIAN BIfl-ft&BESSQ5Ja& produced in matterof f _0aRROW V. MlDALCO." - ; ; NO 1148 OF 198?: ; /' -- Minutes ef Meeting of Directors held at No.l 01Connell Street, Sydney, cn Wednesday 13th June, 1951 at 10.0 a.m. Present: ~~ ~ Directors: Messrs. C.W.R.Powell (Chairman),.* K.O.Btcwtv and J.A.Elmslie. In Attendance: Mr.H.R.Brennan. ' -. Minutes: The Minutes of the Meeting of Directors held on 15th May, 1951 were read,.confirmed and signed. Mrnagerts. Bpport: The Manager's Report for the foui* weeks ended 22nd May, 1951 .was tabled. Expenditure: Expenditure disbursed for the four weeks : ended 22nd May, 1051 vis. 60,975"was approved. Receipts total 55,212 (Fibre . < Sales 16,062 and Sundries 37,160). Cheque Lists as under were approved. No.1 Account No.2 Account 46,726.17. 4 15,405. 3.10 Profit and Lam; Profit and Loss Account, for the four ?/eeks K ended 22nd May, 1951 was tabled; v* Loan from The C.S.R Co.Ltd.: It was resolved that The Colonial Sugar. Refining Company Ltd. be asked for a further loan of 15,000* ... ? i ( /o/ Chairman. Produced in Ashes! Persons! Injury Cases: A'c-a-r-* '-.it ;-;-\d copied to Richard f. Scruggs v.4 J! - JID IN MATTER OF HtYS V. MJDALCO NO 1162 OF 1987 PRODUCED IN MATTER OF-' BARROW V. MIDALCO NO -1148 OF 1987 AUSTRALIAN BLUE ASBESTOS LTD.. Minutes of Meeting of Directors held at No.l O'Connell Street, Sydney, on Tuesday 10th July, 1951, at 10.0 a.to. Present; Directors: Messrs. C.W.R.Powell (Chairman) K.O.Brown and J.A.Elmslie in Attendance: Mr.H.R.Brennan. 'Minutes: The Minutes of the Meeting of Directors held on 13th June, 1951 were read, confirmed and signed. Manager1s Report: The Managers Report for the four weeks ended 19th June, 1951 was tabled. Expenditure: Expenditure disbursed for the four weeks ended 19th June, 1951 vis. 52,108 was- approved. Receipts total 56,543 (Fibre Sales 13,334 and Sundries 43,209). . Cheque Lists as under were approved. No.l Account Ho.2 Account 31,761.11. 6 24,944. 2. 0 Profit and JiOSSS Profit and Loss Account for the four weeks ended 19th June, 1951 was tabled. Plant Hlrod It was resolved that approval be given for. from The ~ the following plant when purchased to beC.S.B.Co.Ltd, :hired from The Colonial Sugar Refining Company Ltd. Form No.147 Fuel Oil Separator 875 Production Stock and Deliveries: Progress Statement for the four weeks ended 19th June, 1951 was tabled. Loan from The cTT3~.fi. Co.Ltd.: It was resolved that The Colonial Sugar Refining Company Ltd. be asked for a further loan of 15,000. Produced in AsbGf-os F:-:ccn3l: -" Injury Cases: al-.^-t.? and .' copied to Ricnaid F. Scruggs* ...jr-^CZD IN MATTER OF HYS V. MIDALCO NO 1)6) OF 1987 - PRODUCED IN MATTER OF BARROW V. MIDALCO' ' NO 1148OF 1987' AUSTRALIAN BLUR ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday ?th August, 1951, at 10*0 a.m. Present: Messrs. K.O.Brown (Chairman), J.A.Slmslie and H.R.Brennan (alternate Director for Mr.J.L.Tucker) Minutes: The Minutes of the Meeting of Directors held on 10th July, 1951 were read, confirmed and signed. Manager<s Report; The Manager*s Report for'the four weeks ended 17th July, 1951 was tabled. Expenditure: Expenditure disbursed for the four weeks ' ended 17th July, 1951 viz. 71,001 was approved. Receipts for the period were ??,01P (fibre Sales 3,193 and Sundries 18,825). Cheques drawn on the Nos. 1 & ? account for 59,561. 2. 4 and 27,058. 1.11 respectively were approved. Pr.cf_l_t__a.nd The Profit and Loss Account fcr the four Loss: weeks ended 17th July, 1951 was tabled. Plant-.Hired it was resolved that approval be given for from The the following plant when purchased to be C. S_. R ..Co_. Ltd:hired from The Colonial Sugar Refining Company Ltd. Form No.148 - 60 Miners Cap Lamps 1,057. Caoital The following Capital Expenditure was Expenditure: approved. Form No.149. Extension of Mine Office and Change Room. 400^ Form No.150. Wittenoom Club Room. 1,205. Supplementary. Form No.81. Hotel Alterations, Retail Store Cinema, Cafe & Library. 6,460. Form No. 142. Power Saw for Mine. 47. Form No. 108. Employees* Club.' l,t7.05. Loan, from The C.S.R. Co.Ltd.: It was resolved that the action of the Directors In arranging a loan of 15.000 from The C.S.R.Co.Ltd. on the 27th July, 1951 be confirmed and it was further resolved that V The C.S.R.Co.Ltd. be asked for an additional loan of 15,000. . l,.-.wporsonal rAi.bSfCS.ti*T**t't*te ao and "JZm p Scruggs cL^JS, airman.  -- W V. HU NO 1262 OF 1987 PRODUCED 1N.MATTER OF BARROW V. MIDALCO NO IMS OF 2987 AOSTRALIAN SLUE ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l O'Connell Street, Sydney, on Tuesday 4th September# 1951 at 10*0 a.a. Present; Directors* Messrs* C.W.R.Powell (ChainsK.O.Brown and j.A.Elmslle* In attendance* Mr* H.B.Brennan. Minutes? . The Minutes of the Meeting of Directors held on 7th August# 1951, were read# confirmed and signed* Managers Report.: The Manager's Report for the four weeks ended 14th August, 1951 was tabled* Expenditure: Expenditure disbursed for the four weeks ended 14th August, 1951 via* 87,950 was approved* Receipts for the period were 46,975 (Fibre Sales 18,211 and Sundries 33,764)* Cheques drawn-on the Nos. 1 & 2 Account for 69,213*17* 8 and 33,683*11* 1 respectively, were approved* Prefit and Profit and Loss Account for the four weeks Loss: ended 14th August, 1951 was tabled* Capital The following Capital Expenditure was Expenditure? approved* Fora Ho* 151. Two staff Houses in Staff Settlement 6,000 Form No.152. Furniture for Staff Houses Loan from The C.S.R* Co .Ltd.: \ T *. It was resolved that The Colonial Sugar Refining Company Ltd. be asked for a further loan of 15,000* Application for. Loan: It was resolved that an application be made to The Capital Issues Board for approval for a further loan of 100,000 from The Colonial Sugar Refining Company Ltd. Q. 0) Produced in Ast??`o^ Person Injury Cases: At -'ns .ir, copied to nicru/o r. PRODUCED (N MATTER OF HEYS V. WIDALCO NO .1161 OF 1987 ..U IN MATTER OF OWV. MIDALCO NO 1)48 OF 1987 AUSTRALIAN BLUE ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l 0*Connell Street, Sydney, on Thursday 4th October, 1351, at 10.30 a.m. Present: Directors. Messrs. C.W.R.Powell, K.O.Brown and J.A.Elmslle. In attendance. Mr.H.R.Brennan. .Minutes: The Minutes of the Meeting of Directors held on the 4th September, 1951, were read, confirmed and signed. Manager* s Keoort: The.Manager's Report for the four weeks ended 11th September, 1951, was tabled. Expenditure: Expenditure disbursed for the four weeks ended 11th September, viz. 80,278 was approved. Receipts for the period were 63,104 (Fibre Sales 23,601 and Sundries 39,503). Cheques drawn on Nos. 1 and 2 Accounts for 60,016. 8. 7 and 26,732.10.10 respectively were approved. Profit, and Loss: The Profit & Loss Account for the four weeks ended 11th September, 1951, was tabled. Capital Expenditure The following Capital Expenditure was approved. Form No.153 - 24" typewriter. 55. Form No.154 - Explosives Magazine. 350. - Loan from The C.S.R. Co.Ltd*: It was resolved that The Colonial Sugar' Refining Company Ltd. be asked for a further loan of 33,000. Annual Cenernl Meeting: It was resolved that the Annual General Meeting of Shareholders of the Company be held at No.l O'Connell Street, Sydney at 10.30 a.m. on Tuesday 30th October, 1951 and the Secretary was to be Instructed to notify Shareholders accordingly. Application for Loan: Approval has been received from the Delegate of the Treasurer of the Commonwealth of Australia to Australian Blue Asbestos Limited accepting Interest free deposits from The. Colonial Sugar Refining Company Ltd. up to an amount of One hundred thousand pounds (100,000). Chairman. Produced in Asbestos Personal Injury Cases: As.-sms lead-arid, copied to Fvcr.a.'d F. Ccrugjk WODvCiX) IN MATTER OF HEYS V. MIDALCO NO 1161 OF 19B7 produced in matter of ?WKC0 : AUSTRALIAN BLUE ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l O'Connell Street, Sydney on Tuesday 30th October, 1951, at 10.15. a.m. Present: Messrs. C.W.R.Powell (Chairman), M.C.Klng (Alternate Director for Mr.K.O.Brown), and H.R.Brennan (Alternate Director for Mr. J.L.Tucker). Minutes: The Minutes of the Meeting of Directors held on the 4th October, 1951, were read, confirmed and signed. Manager*s Report: The Manager's Report fbr the four weeks ended 9th October, 1951, was tabled. Expenditure: Expenditure disbursed for the four weeks ended 9th October, vis 67,999 was approved. Receipts for the period were 46,709 (fibre Sales 12,773 and Sundries 33,709). Cheques drawn on Nos. 1 and 2 Accounts for 56,800. 8. and 35,321.14. 5 respectively were approved. Profit and The Profit & Loss Account for the four weeks Loss: ended 9th October, 1951, was tabled. Loan.from The C.5.R. Co.Ltd: It was resolved that The Colonial Sugar. Refining Compuny Ltd. be asked for a further loan of 25,000. Production Statement for the four weeks ended 9th October Stocks a was approved. Deliveries: Township It was resolved that the Agreement between Electricity: Australian Blue Asbestos Limited, The Tableland Road Board and The State Electricity Commission be signed and sealed with the Company's seal and Mr.H.R.Brennan was authorise to countersign the Agreement. Plant Hired It was resolved that approval be given for the from The C.S.RCo following plant when purchased to be hired froa The Colonial Sugar Refining Company Ltd. . Ltd.: Form No,156 - Fans for Grading Plant 400. ' !*# 157 - 2 500 KVA Transformers 3,600.*. 158 - Mining Equipment 6,000; Capital The following Capital Expenditure was approved. Expenditure: Form No.155 - Grading Plant Extension. 5,100. 157 - Installation of Englnes.15,720. Supplementary. 5 id-y Form No.146 - Lathe for Workshop. 458. 121 - Power House lnstailatlon.l,895. If! a.g's Accounts. Auditors Report and Directors Report: The Balance Sheet and Profit & Loss Account fer the year ended 30th June, 1951, together with the Auditors Report thereon and the Directors Report were tabled and approved and the Balance Sheet and Directors Report were signed.* PRODUCED IN MATTER OF KEYS V. MIDALCO NO 2161 OF 1987 produced in matterof BORROW V. MIDALCO: NOU40OF 1967 2* Auditors Reports The following matters referred to in Messrs* Merry k Merry*s report for the 30th June, 1951, were discussed. Gaol Contract. The Manager to be asked for further details of the amount shown. as -owing for the Gaol Contract of 144* 1. 6 and as to .* what steps have been taken to recover the amount* ' * \\ Fibre Contract. It was agreed that the provision shown as Fibre Contract tosses of* 23,776 should not have, been charged against ------ the production for the year ended 30th June, 1951 but that action would not now be taken ta adjust the figures* - Development* It was daclded that the method ..* of allocating expenditure between development and production should not st present be altered Township Activities. The suggestion-by the * Auditors that the surpluses,, losses and' expenses on Township Activities should be collected in a Township Operating Account,. - and that the nett surplus only should be- transferred to the Profit fc loss Account ' was approved* Auditors Figures* It was agreed that the Auditors should be asked to eliminate half yearly figures from their supporting accounts and show yearly figures only. Produced in Asbac* Injury Cases: Atrz-. copied to Richerj ? 's Personal "`"rid snd Sctuqqs PRODUCED IN MATTER OF HEYS V. MJDALCO L .NO 1161 OF 1987 PRODUCED IN MATTER OF barrow v. midalco no 1148 OF 1987 AUSTRALIAN ELP5 ASSS.TTOS LIMITED Minutes cf Annual General Meeting el Shareholders held at No.l O'Connell Street, Sydney, cn Tuesday 30th October, 11*51, at 10.30 a.a. Present: __ ___ Messrs* C.W.R.Powell (Chairman), __ M.G.Klng (alternate Director for Hr. K*0.3rown) and H.R.Brennan (alternate Director for'Hr*J*L.TucKer). The Chairman announced that he held the proxy from The Colonial Sugar Refining Ccapany Limited. Notice cf Meeting: Mr* H.R.Brennan for the Secretory read the notice convening the Meeting. Balance Sheet fr Pro lit A Less Account with Auditors Report: The Accounts, Balance Sheet and Auditors Report for the year ended 30th June, 1951 having been circulated among Shareholders were taken as read and adopted. Chairman's Report: The Chairman's Report was taken as read and approved* Election of EIrectors: It was resolved that Mr.Keith Osborne Brown, who retires In accordance with Article es, be re-elected a Director of the Company* Auditors: It was resolved to fix the remuneration to the Auditors Messrs* Merry ft Merry for the year ended 30th June, 1951, at 7S$LB. 9 and that they be re-appointed Auditors of the Company for the year end^d 30th June next. t-- , Chairman. PRODUCED in MATTE*OF : HEYSV. WDAJXO NO U61 OP 1967 LIMITED Minutes of Meeting of Directors held at No.l O'Connell Street, Sydney cn Tuesday 27th November, 1951, at 10*0 e.m* Present: Directors* Messrs* C.W.R.Powell (Chairman), . K.O.Brovm and J.A.Elmslie. Minutes: The Minutes of the Meeting .of Directors held on the 3hth October, 1951, were read, confirmed and signed* Manager1 s -Report:------ The Manager's Report for the four weeks ended 6th November, 1951, was tabled* V Expenditure: Expenditure disbursed for the four weeks ended 6th November, viz 78,072 was approved* Receipts for the period were 46,320 (Fibre Sales (24,198 and Sundries 22,122). Cheques drawn on Nos. 1 and 2 Accounts for 41,141.14* 4 and 23,034. 8.10 respectively were approved. * Profit and The Profit & Loss Account for the four weeks Loss: ended 6th November, 1951 was tabled. Plant Hired from The C.S.R. Co. T/td.: It was resolved that approval be given fcr the following plant when purchased to be hired from The Colonial Sugar Refining Company Ltd. Form No.159 - Crushing Plant Extension 13500. No.163 - Hydro Jibs. 1600 Capital The following Capital Expenditure was Expenditure: approved. Form No.159 - Crushing Plant .Extension 17500 No.160 - jail- Plant." ;* 1158 :- Ng*i61''-'Dust Control System ____1000 ------------------------------- " Nft.144 - gno ton Fuel Tank . 872. Loan from The c.s.r. Co.Ltd.: It wa3 resolved that The Colonial Sugar Refining Company Ltd, be asked for a further loan of 17,000. Application for Loan: It was resolved that an application be made to The Capital Issues Board for approval .for a further loan of 100,000 from The Colonial Sugar Refining Company Ltd. Directors Meeting: It was agreed to hold the next Meeting on Thursday 27th December, 1951. Chairman \ V ' PRODUCED JN MATTER'OP' ;>, HEYSV.-MIDALCO NO Ml OF 1987V * iTrcro..r t ,m Httfp tcpi,."rnc; !TVTT~D Minutes of renting cf Directors held at No.l (VConnell Street, Sydney cn Thursday R-^tn - December, 1951, at 10*0 a.m. ; Present: Messrs. C.V.R.Powell (Chr.riman), tc.a.Brown nd N.R.Brennrn (alternate Director for Mr .J .T.Tucker) Mlnutpf:: The Minutes of t*-e Meeting cf Directors held on the ?7th November, 1D51, r>ere read, confirmed and signed. / Mannrers ffenert: The Manager's Report for the four r.eeits ended 4th December,1951, ws tabled..' ffrnendlture: TSxp'mdi tttre disbursed fcr the four weeks ended 4th December, via 50,24 was aonrcved. Receipts for tbs period were. 52,159 (Fibre S*1es !?.!, H?R end Sundries V 10,999). Cheque-: drp.r/n on Mcs. 1 end 2 . Accounts for C50,099. 5.11 and 25,922.1*. 6 1 respectively were approved. Profit and Loro: The Profit fr Loss Account fcr the four.,weeks.,-, ended 4th December, 1951, w*s tabled. Blue Asbestcs Fi br*-Rellinp Prices:- it is proposed tc increase the selling pricesof Blue Asbet.os Fibre as under: No.l Vrede 100 * No.? grade ?*5 Ne..'* grade C17n - -' These prices to-take effect immediately for' export and application for similar prices tc;.. be made to the Prices Commissioner, Western Australia, for local sales. T.onn from The Q.S.P, Cr.T.tci: Lcpn: It was rescivod that The Colonial Sugar Refinine Comnany Ltd, be od l'cr a further., loan cf ?2,nnn. -* Approval has been received from the Delegate cf the Treasurer for Australian Blue Asbestos* Limited tc accept an interest free loan of- ' ! up to 100,ono from The Colonial SugAr ;*: Refining Company Limited. '*. * . - Chairmen. Produced in Ar-irs'r* Injury Cases: ALrr>"- "U. copied to Richard F. Scju^s C 0824 igsiMiMf! 3r,t^ i'CRBST,,; MiflUtW* .. .'i9vj .*. v* -- ._ -- . Bent Street, Sydney cn Tuesday C2nl * actuary, at -i. w a*< Resent: Directors: Messrs* M.D.Drown, v.A.IImslis and M.G.Mihg. In Attend-nce: Mr* -:.R.irennan* Mir.ntos; The Minutes of the of Directors held on the 57th December, 1351, were read, comirmed ana signed. Selling ^ ^^s t It was decided tc' make ap>licntj.cn to the Prices commissioner fer s fur -' or increase in the price cf fibre tc No.l Grade >ic. Grade No.c Grade *300 (Per short ten cf D.?50 f2,cC9 lbs* net ?0 (f.c.b. Fremantle. dis application is to take the place of the application r.ow in tne nands of the testers Australian Priees Ccnmissioner. It 7703 agreed newever that for the present selling prices fer export should remain -a at present viz. :fo.l Grade No.2 Grade No.3 Grade 300 (Per short ton of 225 (2,00? lbs. net $170 (f.o.b. Fremantle* The Manager*s Report for the four weeks ended 1st January, 1952, was tabled. Expenditure: Expenditure disbursed for the feur weeks ended 1st January, viz 72,062 was approved. Receipts for the period were 263,459 (Fibre ial*s .70,55? and Sundries 32.876). Cheques dra-An on Nos. 1 and 2 4ccounts*for 53,932. 5. 4 and 23,400.12.10 respectively were approved. Profi^ and Loamfe The Profit k Less Account fer the four weeks ended 1st January, 1952, was tabled and it was agreed tc draw the Manager's attention tc the error in the figures sheer. :or Hotel Trading. SJL It was resolved that approval be given fer the following plant when purchased tc be hired from The Colonial Sugar Refining. Company Ltd. Form No.185 - Atlas Rock Drills 567 Supplementary Form 80.18 - Kusten E&ilne k Alternator 2908 ligpepditure The following Capital Expenditure was approved. Form No.162 - Road to Mullock Dump Form So.165 - Atlas Rock Drills Form Ho.166 - Dormitory 847 42 550 Loan from The C.S.H. CC L'o i . Director? director: ^.anai Director.; .1 taraate Director? v.wj 723CJ./C' r-i.t rolonia. jgsr "`ei'inin?. Company Lta. 'os asied ' ;r u -cun c* As tho Managing Dimeter, Mr.C.5.P.,Dowell has new severed his connection with the Company --nd has retired from the i-ctrd cf Dirooter? it 77.0.3 decided to record G^prsciitlcn ci' his cf?vvices as *<snaging Director or the Company. It was resclvaa that Mr. M.G.Ming be appoictod a Director or toe Company. Mr. '2rc.vr. .>ar, a.>point3d Managing Director nd Chairman or the --para c Directors for the duration or his term of office as : Director of the Company. approval was triven for Mr.K.c.Brea/.spe'-r to be appointed as alternate Director for Mi-. Brown. \ Chairman. C 0826 AH3TRALIAJ BLU* ^VSTOS ZIXLTZD Minutes cf Meeting cf Directors held at Hc*l lent street, Sydney, ca Tuesday 13th February at 10*C s.s* ^resent: Directors: Messrs* '..c*3rown (Ch.iirnan) J .....ilsrlla and HG-ng* In Attendance: Hr.K.R.Brennan. Minutest The Minutes z.i uie Meeting cf Directors held on the 2nd January, 1352 rare read, csniimea zai signed* Selling The Manager has advised that approval has been received fren the Prices Ccnmissicner for an increase in the selling price of No*c gride fibre tc 2I00 par short ten* If is net r-ractieaola to charge this price at present however and suen change must await igreaoent between th9 .'.soestes Cement Manufacturers cc use at thi3 orn-e* rhe export price for rio.o grade will remain the same as cur cumnt domestic price ex' 170 until further lotlce* Manager *s Report* The Manager* s Report icr the four -.veexs ended 20ih 0 onuary, 1052 was t&nlad* Production. The fibre .reduced ;cr the four roescs was 132*20 tens a reduction of 17*29 tons due principally to decreased operating time c.n account ;i wet weather fcllcwiflg a cyclone disturbines md subsequently -vet ere. Zxtendlturet Expenditure disbursed for the four xeeks ended -?9th January, 1052 vis 59,cm.2 was approved* Receipts for the period *ere 43,022 (Fibre S-lse :l,000 and sundries 37,022)* Thecues dra*.7n cn iio.l and Mo.2 account for 56,925*16* 5 and 27,526*16* 1 respectively -vere approved. 9r_oflt St The Profit & Loss Account for the four weeks Loss Accounts ended 29th January, 1952 snowing a working loss of 5,615 snd on overall loss cz 9,112 ves tabled* "or the purposes of this figure the value of output has been increased from 155 to 173 per long ton consequent dfe the price increase grouted on 18th January,1952. However the true average selling price at the prices now operating*, for fibre now becoaes 197 per long ten end the working lesa would then be 2,161 and the overall less 25,457* Loans frost Cffloiy.LfrtdS:iB* It wae resolved that the C*S*R*Cc.Lcd. be asked for a furtner lean of 21,DOC icr the purpose of meeting the operating less and Capital Expenditure. fi^lf fearlv /cccunts* it itss resolved that the Accounts fer the half year ended 3l3t December, UDi showing * lose cf 64,"43.13. S be Ublad ana approved. f 1 Transfer cf Sfcrrns: Til# transfer of fiv deferred snares fro* Mr*C.~.R.piwell tc : M.G.Hlag its ipprcred* Cancellation! Chare Certificate :?c.l in the nane ci Charles of Ghn.r-y "tifrii "'charts ?ct*vl r.s cancelled* Certificate* -ssno cf ^haro Certificate.* / It r/5s resolved that jhare certiiic-te Ho.32 for 5 ioferrod shares nuabered '0001 to 80005 inclusivo he icousd ir. the name cf Malcola Csorga Hing anc t,v*t z-dch certificate be signed and sealed Tith the CoapanyM seal and Hr.H.H. Brennan ?;->* authorised to counter sign such certificate. Saft-r*jg It rac agreed t*'t r*r iciiceiag non-staff salcricr., :.s increased frea 1st January^1952, *a eenfiraed: r.C.Chidgoav Ccx L.-T.Ding J.Ocergtnyi `'.Ccergnnyi J.M.Jocsten r.laabart * .*1 sncvs'ry '"Z.Sedzlnlr y.i .-iter 7*0 U ~:75 C7CC to 1.72 5 x8$4 to 950 *7*3 to 800 50 bonus1 S5 bonus CZ24 tc *i50 7703 tc 77-5 755 tc 778 705 tc 773 Chslntn. C 0827 iiiswLim arm tagaros t.tmiApx Minute#. of Meeting of Directors n|x4Ua Do.I Bent street, Sydney, on Tn#wi*v Lfeth Mar*h> 1352, ft 13.20 a.a. Present: J Directors: *assrs ^.n.Bry-n, 4 J.A.Slaslle mi X.G.KiQ. in Attendee* Mr*F.3reanaa* {lauteas The Minutes of the Meeting of Directors field on the 19th February, 1952* were read, ccnriraed and signed. Manager* l. 2S29rt TUe Manager's Report for the four weeks anded 26th February, 1952, was tabled* Production. The fibre produced for taa four weeks ras 169.88 Ion?: tons, an increase of 1?.5S tons compared tc previous period. The p^odictinn Of hrndo 1 fibre increased fro* .29 tc 9.44 long tens. Praandlturoi 'bependitare disbursed for the four weeks sndei 26th February, 1952 vis. 85,314 was approved. Receipts fer the parted were 69,567 '.Fibre Sales 5,705 and sundries T%?82). Cheoues drawn on Ite.i b. do .2 .-.eccunt ;cr '61,461. 0. 0 and 55,034.12. 3 resoectlrely. :re oucrcry-d. Profit ft The profit Account for t four weeks IPBEBAccountt jcdad 26 th ?bronr shewing >or'-* n? loss of 61,531 an! -a cver.ll loss of was tabled and this compares rlth figures for last period of $2,161 and 5,457 respectiwsly. TaupMa it res noted that Township Construction is coastroctlopi hall up duo to lack of naterial but aapls houses are available for acconaodatlon. It ms msolvwd that the 0*v?* be asked for a furtner loan 0/ 613,000. Va hero been ***'<en by -Toh-n Hanvil.' -s that their Kr.Borror sight visit Sittancoa and this was agreed to and that he would be accompanied by <4rK0.Brown and MrMG.Klnf The visit is to take place from *6th March to Rod April, 1952. C 0828 Chairman. AUSTRALIA 3LU7 ASEZSTOS ' IMITO Minute* of Mooting cf Directors held at So.l Bent Street, Sydney, cn Tuesday 15th May, 1952, at 1900 a.a. Presents Directors: Messrs* S*o*3rovn (Chairman) M.O.Eing and H.R.Brecnan (alternate Director for Mr* J*L*Tucker)* Minutest The Minutes of the Meeting cf Directors held cn the 15th April, 1952, were read, confirmed and signed* Manaaers Report! The Manager's epert for the four weeks ended 22nd April, 1352 was tabled* Production* The fibre produced fcr the four weeks was 191*59 long tons, a decrease of 53*84 tons compared to the previous period* Reasons for the decrease in production ~-ere (a) faster Holiday (b) decrease ir. ore quillty* Zxpendlturei ?5cpeaditure disbursed for the four weeks ended 22nd April, 1952, viz 75,597 was approved* receipts fcr the period were 57,430 (Fibre Sales 28,018 and Sundries 29,462)* Checues drawn on Ro*l and So.2 Account for 48,045*16* 5 and 27,731* 3*10 respectively *ere approved* Profit a the Profit k Loss Account for the four weeks Loss Account! ended 22nd April, 1952, shoving an estimated working loss cf 2,197 and an overall loss of 5,700 was tabled, and this compares with an estimated working profit of 3,761 and an overall profit cf 258 for the previous period. Ittl m tafia. Zt vas resolved that approval be given for the following plant when jurchased to be hired from The Colonial Sugar Refining Company Ltd* Form No*167 - Rook Drills 378* The following Capital Expenditure already SJHttltlfifffc* Incurred tobe confirmed! - Too Staff Houses So*152 - Furniture for Staff Houses 2500. 1500. v- / Chairman* C 0830 ATSSTRALIAS BLUE ASUKSTOS r.TVTtgD Minutes of Meeting of Directors held at No.l Best Street, Sydney, on Tuesday 10th Jane, 1958, at 10.00 &.m. Praeanei Directors: Messrs* K*0.Brown (Chairman), J'.A.Hlmslie and M.G.Xing* Minutes* The Minutes of the Meeting of Directors held on the 13th May, 1952, were read, confirmed and signed. ^snaggla RenorCt The Manager*s Report for the four weeks ended 20th May, 1952, was tabled* PmrtnstlflB 4 V.B. 20th May, 1952. fialw, A Production 213 short toss stneka* Sales 378 " n Stocks 492 * n In addition 30 tons of fibre was rejected as too dirty and will be re-treated as opportunity offers. This was caused by vet weather which both limited production and prevented orooer treatment. jfrraiMUtnrat Expenditure disbursed for the four weeks ended 20th May, 1952, viz 76,485 was approved. Receipts for the period were 91,566 (Fibre Sales 61,927 and Sundries 29,639). Cheques drawn on Ho.l Se If0.2 Account for 48,206* 9. 8 and 28,896.10*11 respectively vere approved. Profit * Aaaamtt The Profit !t Loss Account for the four weeks ended 20th May, 1952, shoving a working loss of 6,980 and an overall loss of 10,483 was tabled, and this compares with an estimated working loss of 2,197 and an overall loss of 5,700 for the previous period. Plmfcglrrd it was resolved that approval be given for f9uAflL the following plant when uurcfaased to be *2*E&U&14* thlred from The Colonial Sugar Refining Company Ltd. Form Mo.168 - Scrapar Haulers. 6,000 Form Ho.169 - Locomotive k Batteries* 4,765. Form Ho.171 - JZU Scraper Hauler with motor & Starter. 750 Sab1bL gnaaditafi the following Capital Expenditure wag approved* Form Ho.170 - Theodolite 247. / Chairman* mgTCAT.TAM RTJT* lSWi T.THTTCT Minutes of Kiting of Directors held at Id.l Bent Strset, Sydney, on Tuesday 8tb July, 1952, at 10*30 a.m. Present? Oreotors: Mr.j.A.Hlmslie (Chairman), kr.M.uJUng & ar*H.BBrenii(ji (alternate Director for Mr. J.L. Tucker) the Minute# of the Meeting of Directors held on the 10th June, 1952, vere reed, eonflraed and signed. Manage* Report? the Manager* e Report for the four veeks ended 17th Tune, !952, vas tabled. Prodnetian Salta ft 4 V.E* 17th June , 1952. Production 289 short tons Sale# 282 9 Stocks 485 n 9 Value 80,000 Higher production we# partly due to credit being taken for recleaned dirty fibre produced last period. tnret Expenditure dlscursed for the four veeks ended 17th June, 1952, viz 81,697 vas approved Receipts for the period vere 70,271 (Fibre Sales 48,541 and Sundries 26,780). Cheques dravn on Ho.l & Mo.2 Account for 90,428.11. 6 and 31,244* 7. 5 respectively vere approved. Profit A The Profit & Loss Account for the four Loss Account; veeks ended 17th June, 1952, shovs a lurk ing profit of 4,596 and a nett profit of 1,093 and this compares vith an estimated vorklng loss of 6,980 and an overall loss of 10,483 for the previous period. Coteaecct The Government has instructed us not to complete six houses and asked us to pay rent on the unoccupied ones and a protest against the decision has been lodged by the Manager. CfliiMiawt Snbsidvt. it ves reported that a letter had been received, dated 27th June, 1952, fra the Premier of V.A. advising that the Government freight subsidy vould eease as from 30th June, 1952. Manager* It vaa reported that the Manager, Mr.Loke, had completed his ten year contract and is returning to Aaerlca* ; i C 083 Chairman. C 0832 AtattJr,Ti Tttr AfiEggfOS T.TP. Mlnutis of Meeting of Directors held at 5o*l Bent street, Sydney, on Tae5*i*y 5th August, 1952, at 10*30 a.a. Presantr Masers* X*0.Brown (Chairaan), J.A.Elmslle and H*GX1ug. In Attendance; Mr* H.R.Brennan* Stiaptea: The Minutes of the feting of Directors held on the 8th July, 1952, vert read, confined and signed. Manama Pna>rts The Manager1s Report for the four weeks ended 15th July, 1952, was tabled* Prgfastign sBlta an* Stacker 4 V.R. 15th July* 1952. Production Sales 280 158 short tonns 8toeks 612 n n " Value 96,696 Bmimriitqfei gxpenditure disbursed for the four weeks ended 15th July, 1952, via 88,371 was approved. Receipts for the period were 185,346 (Fibre Sales 50,090 and Sundries 35,256)* Cheques drawn on Ro.l and 5o*2 Account for 67,641*16* 4 and 41,325.11.10 respectively were approved* It was agreed to obtain further details fm the Manager of the expenditure of approximately 2,200 on cable* pyftfife and Bie Sstlaated Profit & Loss Account for the Loaa Accarmt* frwn weeks ended 30th June, 1952, shows a working loss of 1,838 and a net loss of 3,590, and for the two weeks ended 15th July, 1952, shows a working profit of 2,257 and a net profit of 217, or a total net loss of 8,888 for the four weeks* This compares with a working profit of 4,596 and a net froflt of 1,098 for the four weeks ended 7th June, 1952* Plant Strmd it was resolved that approval be given for trm THm the following plant when purchased to be C-S.K.Co.LtrfiMynd from 2he Colonial Sugar Refining Coupany Ltd* , *Form Io174 - Air Coolers for HSL6 Engines 1 000 Capital The following Capital gxpenditure was finnOUntt! approved. Foxv 5o*172 Pom Mo.173 "ora 5o,174 - Mullock Bln - Crib *oob - Air Coolers for HSL6 Engines 760 680 800 / fiietmen > ATIfiTgilrTAW BLUE ASBWWWS tTKlttL. wirmfs tf Meeting of Directors Held a*9o.l Bent Street, Sydney, on 7ednesdayi Srtf'September, 1952, at? 12.15 p.m. j Minutest Directors: Messrs* K.O.BTown (Chairman) J.A.Klaslie and H.B*Brennan (alternate Director for Mr. J.L.Tucker) fixe Minutes of the Meeting of Director 3 held on the 5th August, 1952, were read. confirmed and signed* ta gfgQgfg, Ttie Manager's Report for the four veeks ended 12th August, 1952, was tabled* 4 V.S. lth August, 1952, Production 246 tons Sales 313 Stocks 545 " n 7alue 95,375 fiSUBfUfiBEfc* disbursed for the four weeks agust, 1952, vis 73,174 was approved. Receipts for th* period were 71,685 (Fibre Gales 48,492 and Sundries 28,193). Cheque# drswn on Ko*l and Ho.2 Account for 46,815* 0*10 and 35,534* 9* 3 respectively were approved* pynfifr and The Estimated Profit * Lots Account for the rAm toBfiPHti four veeks ended 12th August, 1952, shows a working loss of 2,370 and a net loss of 6,450* fills compares with a working profit of 419 and a net loss of 8,888 for the four weeks ended 15th July* 1952* It was agreed that the Annual General Meeting be held at Ho.l Btat Street, Sydney at 10*30 a*n. on Tuesday 30th Septanber, 1952, a that the Secretary be Instructed to notify Shareholders accordingly. i ghalraan HPSIRttLa V UT WO Assas?cg t;! ft***i Uinutes of Beating of Directors held a-, *o.l Sent Street, Sydney, on Tuesday soth Septanber, 1958, at 10.15 am Preawwf. Directors. \-fessrs. K.O.Brovn (Chairman) J.A.KLmslie and M.G.Ilng. In 3ttendancc: Mr. H.S. Brennan. The klnutes of the Meeting of Directors held on the CM Sooteeber, 1952, were read, confirred and signed. nnyspU P.asort? The Manager's Report for the four vee^-s ended 9th September, 1952, vas tabled. Prodwetlan and 4 V.?. 3th September, 1952. Production 2S5 tons Sfcaclrat Gales 68 " Stocks 762 I U9 129,710 Jsx*.: Expenditure disbursed for the four veeks ended 9th September, 1952, viz 67,883 vfes aouroved. Receipts for the period vere 51,502 ;?ibre Sales 2,282 and Sundries 29,220). Cheques dravn on Ho.l -vnd ".2 Account of 44,417. n. ? and 2S,Z99. 7. 3 respectively vere approved. LocgfsimA_eaeuoLmti The Estimated Profit & Loss Account for the four veeks ended 9th Septeeber, 1952, shove a working profit of 5,265 and a net loss of 815. This compares with a working loss of 2,370 and a net loss of 6*450 for the four veeks ended 12th August, 1952. ) Aeengnfcf Andi taw ftaaovt and The Balance Sheet and Profit & Loss Account for the year ended ZOt.: Juno, 1952, together with the Auditors Report thereon and the RgpflgQ Directors Report were tabled *nd approved and the Balance Sheet and Directors Report vere signed. LM.i It vas resolved that the actios of the Directors In arranging,on 9th September, 1952, a loan from The C.S.R.Co*Itd. of 12,500 be confined. / mmmmu C 0834 Chairman. *T-n ,c Minutes of. Meeting of Directors held at Io*l Sent Street* Sydnev, on Tuesday 28th October, 1952, at 10*50 a.a. Present? Directors: Messrs* K*0.Brovn (Chaiman) J.A*5Laslie and H*6*Xing* ttandance: Mr* H..Brennan. lilrmtaat The Minutes of the Meeting of Directors held on the 33th September, 1952, vere read, confirmed and signed* Managers The Manager's Report for the four veeks the following points noted. Production Salta aafr Stockst 4 V.B* ?th Oetober, 1952* Production Sales Stocks * 7alue 252*97 tons 245*60 799*98 130,888 Trendltneei Expenditure disbursed for the four veeks ended 7th October, 1952, vis 73,333 vas approved* Receipts for the period vere 71,134-(Plbre Sales 42,967 and Sundries 28,167)* Cheques dravn on Ho.l and !Vo*2 Account for 58,468* 5*11 and 28,781*17* respectively vere approved* Pfftflt me AUSTRALIAN frSBRSTOS LTD. Mlmts of Meeting of.'Directors hold *t Ro.l Bimt Street, Sydney, on Tuesday 25th November 1952 at 12*30tp*a* Szaaani: Minutes* HMMf I Report; Directors Messrs..0.3rovn (Chairson) I.A.Slmslio <t H.R.Brennan (alternate Director for Mr* * J.L.Tueker) it Minutes of tho Meeting of Directors Mid on the 28th October were ready con firmed and signed* i Th# Manager's Report for the four weeks ended 4th November, 1952, was tabled and thd following points noted sz MU ft Stocks; Roar weeks ended 4th Roveaber, 1952* Production Sales 8tacks Value 289.71 120*48 S/tons * 15^620 a gxpendifruyt .* Sxpendlture disbursed for the four weeks ended 4-th Roveaber, 1952, vis 60,4-23 were approved* Receipts for the period were *,296 (Fibre sales 21,429 Sundries 26,869)* Cheques Drawn on Ro.l and Ro*2 Accounts for 40,677*2*2 and 28,471*10*7 respectively were approved* Profit A. Loses , \ For four weeks ended 4th Roveaber, 1952, the estinated Ret Profit or difference between the cost of our production and its sales value at the estinated average sell ing price of 175 per short ton was 3025* On this sane basis the Profit for this period before allowing for Depreciation, Depreciation of Hired Plant and Lease Rentals was 7,105* The figures for the previous four weeks were 2,445 and 6,525 respectively* In view of the reduction in percentage of grades 1 and 2 now being pro duced and the lower selling prices in cer tain cases now being obtained for our Ro.3 grade, it was agreed to reduce the estin ated sales value froa 175 to 165 per ton, eoanenclng froa 5th Roveaber, 1952* gftEdl&iZ She action of the Directors in authorising general the Secretary to call an extraordinary Hestlnx: General Meeting on 16th December was con- firaed* This asetlng is to consider, and If thought fit to pass the following Re solution as a Special Resolutions "That the Capital of the Conpany be in creased to 2,000,000 by the creation of 1*000,000 additional ordinary shares of 1 each and that sueh shares be Issued ) v Loan_froa The C.5.R. 2 at such tines and to such person*, upon such tern* and condition* and vlth such rights and privileges as the Directors shall from tine to tine determine, but subject In all respects to the Articles of Association of the CospanyV' Zt was resolved that the action of the Directors in arranging on 31st October a loan fro* The C.S.R. Co.Ltd. of 10*000 TReconfirmed. Chairman. C 063? STttTHima BLITS ISS-STM ITUJ3L Ilnutas of Meeting of Directors 4i4xl4* at No*l Beat Street, Sydney, on Tuti key 23rd December, 1952, at 10*30 a*s Present? Mirmtom; Directors: Messrs* J.A. Imsiie (Chairman)> H*E*Breakspe r (Alternate Director for Mr* .0. trows) and 5B.Brennan (Alternate D rector for Mr. J.L.Tucker).] Ifet Mlnstes of the Meeting of Directors held on the 25th Hovambtr, 1952, were read, confined and signed* Managua Rapart *he Manager's Report for the four weeks ended 2nd December, 1952, vaa tabled and the following points noted* ESaSiQmrmiUB*mtif*lB Stefifcg* v. 4 V*E. 2nd December, 1952* Production 323 tons Sales 293 " Stocks 1003 * Value 162,486 Sngnditany Expenditure disbursed for the four weeks ended 2nd December, 1952, ris 63,139 was approved* Receipts for the period were 73,609 (Fibre Sales 50,762 and Sundries 22,847) Cheques drawn on No.l and He*2 Account for 48,069*19*11 and 29,201* 2.11 respectively were approved* TP^rotfit and For four weeks ended 2nd December, 1952, the estimated Wet Profit or difference between the cost af our production and its sales value at the estimated average sell ing price of 165 per short ton was 1,685* On this same basis the Froflt for this period before allowing for Depreciation, Depreciation of hived Plant and Lease Rentals was 5,765* ftra suiting It was confirmed t-at Mr* R.P.Loke has been engaged as Consulting Engineer for a period of 3 months from January, 1953* / Chairman* AUSTRALIAN BLUB ASBESTOS LIMITED C *0 2161 OF 198? - Minutes of Meeting of Directors held at Ho.l Bent Street, Sydney on Tuesday 22nd January, ' 1952, at 10.0 a.m. Present: Directors: Messrs. K.O.Brown, J.A.Elmslie and M.G.King. In Attendance: Mr. H.r.Brennan. Minutes: The Minutes of the Meeting of Directors held on the 27th December, 1951, were read, confirmed and signed. Selling Prices: It was decided to make application to the 'Prices Commissioner for a further Increase in the price of fibre to Ho.l Grade 500 Ho*2 Grade 250 No.S Grade 200 Per short ton of |2,000 lbs. net 'f.o.b. Fremantle. This application is to take the place of the application now in the hands of the Western Australian Prices Commissioner. It was agreed however that for the present selling prices for export should remain as at present viz. Ho.l Grade 300 Ho.2 Grade 225 Ho.3 Grade $170 (Per short ton of (2,000 lbs. net(f.o.b. Fremantle. Manager*s .Report: The Manager*s Report for the four weeks ended 1st January, 1952, was tabled. Expenditure: Expenditure disbursed for the four weeks ended 1st January, viz 72,062 was approved. Receipts for the period were $63,459 (Fibre Sales 30,563 and Sundries 32,876). Cheques drawn on Nos. 1 and 2 Accounts for 53,932. 5. 4 and 23,400.12.10 respectively were approved. Proflt__an_d Ifpss: The Profit & Loss Account for the four weeks ended 1st January, 1952. was tabled and it was agreed to draw the Manager's attention tc the error In the figures shown Tor Hotel Trading Plant Hired from The Ltd.: It was resolved that approval be given for the following plant when purchased to be hired from The Colonial Sugar Refining Company Ltd. Form No .165 - Atlas Rock Drills 567 Supplementary Form No.16 -Buston Eggine & Alternator 2905 Capital Expenditure: The following Capital Expenditure was approved. Form No.162 - Road to Mullock Dump Form No.165 - Atlas Rock Drills Form No. 166 - Dormitory 84? 42 55C T.ean fTom The C.S.R* Co. Ltd*: Director: Director: Managing Director: Alternate Director: ffiODUCED in matter cf HEYS V. MIDALCO 2 NO 1161 OF 1987 It was resolved that The Colonial Sugar Refining Company Ltd. be asked for a further loan of 25,000* As the Managing Director, Mr.C.'B.R.Powell has now severed his connection with the* Company and has retired from the Board of;. Directors It was decided to record appreciation of his services as Managing * Director of the Company* It was resolved that Mr* M.GiKing be*., appointed a Director of the Company. Mr* K*0.Brown was appointed Managing Director and Chairman of the board of Directors for the duration of his term of office as a Director of the Company*. Approval was given for Mr*H*B.Breakspear to be appointed as alternate Director . for Mr* C*0*Brown - Chairman* - * Produced in Asbestos Injury Cases: /'--:: J copied to Rich' w-ru3Q3 . AUSTRALIAN BLUE ASBESTOS LIMITSP. ffiODUCED IN MATTER CF HYS V. MIDALCO NO 1161 OF 1967 Minutes of Meeting of Directors held at No.l Bant Street, Sydney, on Tuesday 19th February 1952, at 10*0 a.a. Present: Directors: Messrs. K.O.Brown (Chairman) J.A.Elsmlie and M.C.Xlng. In Attendance: Mr.H.R.Brennan. Minutes: The Minutes of the Meeting of Directors held on the 22nd January, 1952 were read, confirmed and `signed* Selling Prices: The Manager has advised that approval has been received from the Prices. Commissioner for an increase in the selling price of No.3 grade fibre to 200 per short ton. It is not practicable to eharge this price at present however and such change must await agreement between the Asbestos Cement Manufacturers to use at thi*s price. The export price for No.3 grade will remain the same as our current domestic price of 170 until further notice. Manager1s Reoort: The Manager1 $ Report for the four weeks ended 29th January, 1952 was tabled. Production. The fibre produced for the four weeks was 152.30 tons a reduction of 17.29 tons due principally tc decreased operating time on account of wet weather following a cyclone disturbance and subsequently wet ore. Expenditure: Expenditure disbursed for the four weeks ended 29th January, 1952 vis 89,932 was approved. Receipts fcr the period were 49,022 .(Fibre Sales 12,000 and Sundries 37,022). Cheoues drawn on No.l and No.2 account for 56,925.16. 5 and 27,326.16. 1 respectively were approved. Profit p The Profit & Loss -Account for the four weeks Loss, Account: ended 29th January, 1952 showing a working loss of 5,816 and an overall loss cf 9,112 was tabled. For the purposes of this figure the value of output has been increased from 155 to 173 per long ton consequent On the price increase granted on 18th January,1952. However the true average selling price at the prices now operating, for fibre no^ becomes 197 per long ton and the working loss would then be 2,161 and the overall loss 5,457. Loans from tThe C.S.R. Co.Ltd: It was resolved that the C.S.R.Cc.Ltd. be asked for a further loan of 21,000 for the purpose of meeting the operating loss and Capital Expenditure. H-ilf Yearly Accounts: It was resolved that .the Accounts for the half year ended 31st December, 1951 showing a loss of 64,848.18. 6 be tabled and approved Produced in Asbestos Fn'snnai Injun/ Cases: Atrarrs f incf copied to Richard F. Su.w^s  produced in matter of . HEYS V.-MIDAT.CO HO OP 1987 Transfer of Shares: Cancellation of Share Certificate: Issue of Share Certificate: yon Staff Salaries: 2* The transfer of five deferred shares from Mr.C.W.R*Pdwell to Mr.M.G.King was approved*' Share Certificate No.l in the name of. Charles Wilfrid Roberts Powell was cancelled.'. Zt was resolved that share certificate No*32 * for 5 deferred shares numbered 80001 to 80005 inclusive be issued in the name of Malcolm George King and that such certificate -be signed and sealed with the Company's.seal-, and Mr.H.R.Brennan was authorised to counter sign such certificate*. It was agreed that the following non-staff ' salaries, as Increased from 1st January,19521' be confirmed: R*C*Chldgzey H.H.Cox L.W.Olng J.Goergenyi W.Goergenyl J.M.Joosterx F*Lambert A.Risnovsky W*z*8edzlmlr M.F.Sifer 700 to 725 700 to 725 884 to 950 728 to 800 50 bonus 25 bonus 884 to 950 728 to 778 725 to 778 728 to 778 v' Chairman* H?ODUCED NMATTS? OF HEYS V. MU3AUCO NO U6\.QFIW AUSTRALIAN BLITS ASBESTOS.LIMITED Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday 18th March, 1952, at Ip.30 a.a. Present: Directors: Messrs. K.O.Brown, J.A.Elmslie and M.G,King. In Attendance: Mr.H.R.Brennan. Minutes: The Minutes of the Meeting of Directors held on the 19th February, 1952, were read, confirmed and signed. Manager*s Report: The Manager<s Report for the four weeks, ended 26th February, 1952,,,was tabled. Production. The fibre produced for the four weeks was 169.68 long tons, an increase of 17.58 tons compared to previous period. The production of Grade 1 fibre Increased from 2.29 to 9.44 long toss. Expenditure: Expenditure disbursed for the four weeks ended 26th February, 1952 viz. 85,314-was . approved. Receipts for the period were . 59,967 (Fibre Sales 26,705 and Sundries 33,262). Cheques drawn on No.l 4 No.2 Account for 61,461. 0. 0 and 35,024.12.. 3 respectively, were approved. Profit ft The Profit & Loss Account for the four weeks- Loss Account: ended 26th February showing a working loss . of 1,331 and an overall loss of 4,634 was tabled and this compares with figures for-last.- period of 2,161 and 5,457 respectively.- Township It was noted that Township Construction-Is., Construction: held up due to lack of material but ample houses are available for accommodation. f,toeanCs .Sfro.Rm. It was resolved that the C.S.R. Co.Ltd. be asked for a further loan of 15,000. c Co.Ltd.: Johns We have been asked by Johns Manvllle that ' Ranville: - their Mr.Borror might visit Wittenoom and this was agreed to and that he would be. . accompanied by Mr.K.O.Brown and Mr.M.G.King. The visit is to take place from 26th March to 2nd April, 1952. Chairman AUSTRALIAN BLUE ASBESTOS LIMITED HtODUCED'tN MATIS? OP; HYS V. MIOALCO.NO 1161 Of-1987 Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday 15th April, 1952 at 10.30 a.m. Present? Directors: Messrs. K.O.Brown (Chairman-)' J.A.Slmslle & H.R.Brennan (alternate Director for Mr./. J.I,.Tucker). Minutes: The Minutes of the Meeting of Directors . held on the 18th March, 1952, were read, confirmed and signed. Manager1 r> Report ; The Manager's Report for the four weeks ' ended the 25th March, 1952-, was tabled.. Production. The fibre produced for the. four weeks was 225.43 long tons, an increase of 55*55 tons compared to the. previous period. , Expenditure; Expenditure disbursed for the four weeks' ended the 25th March, 1952, viz 70,810 was approved. Receipts for the period ' were 48,712 (Fibre Sales 29,479 and ... Sundries 19,233)* Cheques drawn on No.l and No.2 Account for 53,555 and 30,328 respectively were approved. .: Profit & The Profit & toss Account for the four Loss. Account: weeks ended the 25th March, 1952, shoving an' estimated working Profit of 3,761 and a net Profit of 2^6 was tabled, and this com-. / estimated pares withen/korking Loss of 1,331 and an overall Loss of 4,834- for the previous period. The Manager reports that on Sunday, the- 23rd March, the Hospital building was practically demolished by fire. The In L I surance Assessor has accepted our figure of 11,174 as the cost of the damage. This has yet to be accepted by the insur ance office but the Manager feels that this amount is ample to put the building back into the condition existing before the fire. \ Chairman i \ * PRODUCED IN MATTER CF '': - * " HEYSV. MIDAICO '- ' NO U61jOFM ' AUSTRALIAN BLUE, ASBESTOS LIMITED Minutes ol* Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday 13th May, 1952, at 10.00 a.m. present: Directors: Messrs. K.O.Brown (Chairman) ' M.G.Klng and H.R.Brennan (alternate Director for Mrv j.L.Tucker). ftlnutest The Minutes of the Meeting of Directors held on the 15th April, 1952, were read,' confirmed and signed. Managers Report: The Manager*s Report for the four weeks ended 22nd April, 1952 was tabled. Production. The fibre produced for the four weeks was 191,59 long tons, a decrease of 33.84 tons eoapared to the previous period. Reasons for the decrease in production were (a) Easter Holiday (b) ` decrease In ore quality. Expenditure: Expenditure disbursed for the four weeks ended 22nd April, 1952, viz 73,597 was approved. Receipts for the period were-' 57,480 (Fibre Sales 28,018 and Sundries29,462). Cheques drawn on Ho.l and Ho.2 Account for 48,043.16. 5 end 27,781..8,10 respectively were approved. Profit ft The Profit & Loss Account for the four weeks Loss Account: ended 22nd April, 1952, showing an estimated working loss of 2,197 and an overall loss of 5,700 was tabled, and this compares-with - ' - an estimated working profit of 3,761 and an overall profit of 256 for the previous period. - Plant Hired It was resolved that approval be given for from The the following plant when purchased to be C.s.R.co.Ltd. :hlred from The Colonial Sugar Refining Company -'.TS-g Ltd. .c c Form Ho.167 - Rock Drills 676. Capital Expenditure: The following Capital Expenditure already incurred to be confirmed: Supplementary. No. 151 - Two Staff Houses 2500. . Ho.152 - Furniture for Staff Houses 1500. .. Chairman :^rsO' Produo- (V----'f AUSTRALIAN SLUE ASBESTOS LIMITED PRODUCED W MATTER CF HEYS V. MJDALCO NO 1161 Of 198? Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday 10th June, 1952, at 10.00 a.m. Present; Directors: Messrs. K.O.Brovn (Chairman), J.A.Elaslie and U.G.Klng. Minutes; The Minutes of the Meeting of Directors..' held on the 13th May, 1952, were read, confirmed and signed. Managers Report; The Manager*s Report for the four weeks ended 20th May, 1952, was tabled'. Production Sales fc Stocks; 4 V.E. 20th May, 1952. Production 213 short tons Sales 378 n Stocks 492 " In addition 30 tons of fibre was rejected'. as too dirty and will be re-treated as opportunity offers. This was caused by vet weather which both * limited production and prevented proper treatment. Expenditure; Expenditure disbursed for the four weeks ," ended 20th May, 1952, vi2 76,485 was approved. Receipts for the period were 91,566 (Fibre Sales 61,927 and Sundries'29,639). Cheques drawn on No.l & No.2 Account for 48,208.' 9. 6 and 28,696.10.11 respectively were approved. Profit ft loss The Profit & Loss Account for the four -weeks Account; ended 20th May, 1952, shoving a working loss of 6,980 and an overall loss of 10,483 .was tabled, and this compares with an estimated ' working loss of 2,197 and an overall loss of 5,700 for the previous period. Plant Hired It was resolved that approval be given for' from The the following plant when purchased to be C.g.R.Co.Ltd.thired from The Colonial Sugar Refining Company Ltd. Form No.168 - Scraper Haulers.' 6,000.- Form No.169 - Locomotive fc Batteries. 4,765. Form No.171 - J211 Scraper Hauler with motor & Starter. 750 Can! tal Expenditure; The following Capital Expenditure was approved. . Form No.170 - Theodolite 247. Produced in Asbectcs Personal Injury Cases: Abrams- iead and copied to Richard F. Scruggs Chairman 5 7. S\. produced in-matter of HEYS V. MIDAtCO '* NO 1161 OfMl-. AUSTRALIAN BT.tm ARBRfiTOS LIMITED. Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday 6th July, 1952, at 10.30 a.m. present; Directors: Mr.J.A.Elmslie (Chairman), Mr.M.G.King k Mr .H.R.Brennan.' (alternate Director for Mr-. J.L.Tucker). Minutes; The Minutes of the Meeting of Directors ; held on the 10th June, 1952, were read, confirmed and signed. Manager* s The Manager's Report for the four weeks ended 17th June, 1952, was .tabled. Production gdlfiS-.fr Stocks 1 V.E. 17th June , 1952. Production 269 short tons Sales 282 " Stocks 465 * " " Value 280,000 Higher production was partly due to credit being taken for recleaned dirty fibre produced last period. Expenditure; Expenditure disbursed for the four weeks ended 17th June, 1952, vis 61,697 was approved. Receipts for the period were 70,271 (Fibre Sales 43,541 and Sundries 26,730). Cheques drawn on No.l k No.2 Account for 60,426.11. 6 and 31,244. 7. 5 respectively were approved. profit k The Profit k Loss Account for the four Loss. Account: weeks ended 17th June, 1952, shows a work* ing profit of 4*596 and a nett profit of 1,093 and this compares with an estimated' working loss of 6,960 and an overall loss of 10,463 for the previous period. Township Cottages; The Government has instructed us not to... . complete six houses and asked us to pay rent on the unoccupied ones and a protest against the decision has been lodged by the Manager. government feubsidv: It was reported that a letter had been ' received, dated 27th June, 1952, from , the Premier of V.A. advising that the . Government freight subsidy would cease as from 30th June, 1952. Manager: It was reported that the Manager, Mr.Luke, had completed his two year contract and . is returning to America. AUSTRALIAN BLUE ASBESTOP LTD.. FRODUCED IN MATTER OP HEYSV. MtDALCa NO UfilOFltt? * Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday 5th August, 1952, at 10.50 a.a. Presents Messrs. K.O.Brown (Chairman), J.A.&lmslle' and M.G.Klng. In Attendance: Mr. H.R.Brennan. yinutes; The Minutes of the Meeting of Directors held on the 8th July, 1952, were read^ confirmed and signed. Man&f.er*s Report: The Manager's Report for the four weeks ended 15th July, 1952, was tabled. Produs.tian 4 V.E.* 15th July, 1952. Sales and Production 280 short tons SLosiu: . sales 153 . * * Stocks 612 * " " Value 96,696 l * fynenditnre: Expenditure disbursed for the four weeks ended 15th July, 1952, via 68,571 was \ approved. Receipts for the period were 85,346 (Fibre Sales 50,090 and Sundries '' 35,256)* Cheoues drawn on No.l and No.2 Account for 67,641.16. 4 and 41,625.11.10 ' respectively were approved. It was agreed' to obtain further details from the Manager of the expenditure of approximately 2,200 on cable. Prof1t and The Estimated Profit k Loss Account for the * Loss Accoijnt:two weeks ended 30th June, 1952, shows a working loss of 1,838 and a net loss of 3,590, and for the two weeks ended 15th July .1952, shows a working profit of 2,257 and a net profit of 217, or a total net loss of. 3,383 for the four weeks. This compares with a working profit of 4,596 and a net . profit of 1,093 for the four weeks ended 17th June, 1952. Plant Hired Tt was resolved that approval be riven for : from The the following plant when purchased to be C.S,R.Co. Ltd:hlred from The Colonial Sugar Refining Company Ltd. Form No.174 - Air Coolers for HSL6 Engines * 21,000V; Capital The following Capital Expenditure was Expenditure: approved. Form Form Form No.172 - Mullock Bin No.173 - Crib Room * No.174 - Air Coolers for RSL6 Engines 750 630 300  PRODUCED IN MATTER OF *. HEYSV. MIDALCO'. ' - NO lUt OF W. ; Minutes of Meeting of Directors held at No.l. Bft'nf- Street. Sidney, on Wednesday 3rd September,-'-' 195?, *t 1?'.15 p.m. '*; Directors: Messrs. K.O.Brown-(Chnin'.'-n) J.A.F.l*slie and K.H.Brennen (alt^nnat:* Director for i-r. J.L.Tucker). Minnfggt The Minutes of the Meeting of Directors held on the 5th August, 195?, were read, confirmed and signed. Meneeer*s Report: The .Manager ' s Report for the four weeks ended 12th August, 195?, was. tabled. Production Sales., and SSQgto: <4 VI.E. 12th August, 1952, Production 246 tons Sales 312 Stocks 545 K " Value 95,375 Expendituret Expenditure disbursed for the four weeks' ended 32th August, 1S52, viz 73,174 was: approved. Receipts for the period were' 71,665 (Fibre Sales 46,49? and Sundries 23,193), Cheques drawn on No.3. and No.2 `Account for 46,815. 0.10 and 35,534. 9. 3 respectively were approved. The Estimated Profit & Loss Account for the four weeks ended 12th August, 195?, shows a working loss of 2,370 and a net loss.of 6,450. This compares with a working profit of 419 and a net loss of 3,383 for*the ' four weeks ended 15th July, 1952. Annual &ftll Meeting: It was agreed that the Annual General Meeting \ be held at No.l Bent Street, Sydney at ? ' 10.30 a.m. on Tuesday 30th September> 1952, and that the Secretary be instructed to notify Shareholders accordingly. . Chairman. personProduced ioAs^ te?'} and '&foSR^or--Lu.'uu^S - PRODUCED W MATTER OF HYS V. M1DA1CO NO UfiiOFW*? AUSTRALIAN BLUE ASBESTOS LIMITED Minutes of Meeting of Directors held at Jfo.l Bent Street, Sydney, on Tuesday 30th September, 1952, at 10.15 a.m. Present* Directors* Messrs. K.O.Brown (Chairman) . J.A.Elaslle and M.G.King. -In attendance: Mr. H.R.Brennan* Kinutea? The Minutes of the Meeting of Directors - held on the 3rd September, 1952, vere read, confirmed and signed. Manager's _ --The Manager's Report for the four weeks ' Sfican: ended 9th September, 1952, was tabled* Production Sales, .and Stogies? 4 V*E* 9th September, 1952* Production 285 tons Sales 68 " Stocks 763 * Value 129,710 Extenditurg? Expenditure disbursed for the four weeks* . ended 9th September, 1952, via 67,883 was approved* Receipts for the period vere 51,502 (Fibre Sales 22,282 and \ :*V* Sundries 29,220)* Cheques drawn on No.land No.2 Account of 44*417. 0* 2 and 28,399* 7* 8 respectively vere approved.: Profit.and Loss Account : The Estimated Profit k Loss Account for the * four weeks ended 9th September, 1952, shows . a working profit of 3,265 and a net loss of 815* This compares with a working.loss, of 2,370 and a net loss of 6.450 for the-' four weeks ended 12th August, 1952* Account3 r Auditors Report, and Directors Retort: Laan Stqsl The, C iS^JLt.Qs, Ltd*: The Balance Sheet and Profit k Loss Account . for the year ended 30th June, 1952, together with the Auditors Report thereon and the.. Directors Report were tabled and approved and the Balance Sheet and Directors Report were signed* , # It was resolved that the action of the Directors in arranging,on 9th September, . 1952, a loan from The C.S.R.Co.Ltd* of : 12,500 be confirmed. ' Produced in Asbestos Personal -* ''-'s.rr.s lead and* ba IS /. 1TTSTRAT.TAW BLTTE ASBESTOS li I PRODUCED in matter of HEYS V. MIDALCO , NO IJ61 OF 1987 U ; Minutes of Tenth Annual General Meeting of Shareholders held at Po.l Bent Street, Sydney, on Tuesday 80th September, 1252, at 10.SO Vrr-.mt Messrs* X*0.Brown (Chairman, J.A.Elmslie end tt.G*Xins.* In attendance! Mr* H.K.Erennan. The Chairman announced that he held proxies from The Colonial Sugar Refining Company Ltd. __________ and Mr. J.L.Tucker* WaMee of liMHnti The notice conceiting the Meeting was, with the consent of the Meeting, taken , as reed* Escort si It vea:'lfwteiWd||ihat-{the Innoel Report P'-aetara and of the Directbrr sndVfche Accounts for Balance Shsol the year ended SOth June. 1952, as and Auditors presented to the Shareholders at the K*porti Meeting be reeelred and adopted. Enaction of Director* It was resolved thkfc Mr. Malcolm George King, who retires it aeeordonoe with Article 77 be re-elected a Director of the Company. Section, o Audi tora: It was resolved to fix the reanmeratlon to thftvAodltersiMeacrs* Merry A Meery for the year ended*fcOtb:;Jwne, 1952, at 655. 0* 0 plus travelling expenses to and from Vlttenoom ond.aocommodation at Vlttenoom, and that: they be re-oppointed Auditors of the Company for the year ended DC th June next. ;;Viur; Chairman* ; : .;??. ... - r. * .* `i. j S' > Hi; ABSamiAfl SIDE,ASBESTOS tIMIIED FROD'JCED IN MATTER OF . ' KEYS V: MIDALCO NO 1161 OF 1W Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday 28th October, 1952, at 10*30 a.m. Present: Directors: Messrs. K.O.Brown (Chairman), J.A.Blmslle and U.G.Klng. In Attendance: Mr. H.R.Brennan. yimites: The Minutes of the Meeting of Directors ; held on the 30th September, 1952, were __ <read, confirmed and signed. * Manager's Report: The Manager's Report for the four weeks ended 7th October, 1952, was tabled and " the following points noted. Production 4 V.E. 7th October, 1952. Salts and Stocks: Production 232.97 tons C Sales Stocks 245.60' " 799.93 " * Value 130,338 Sxsendltur.fi: Expenditure disbursed for the four weeks v ended 7th October, 1952, viz 73,333 was approved. Receipts for the period were 71,134 (Fibre Sales 42*967 and Sundries . 28,167). Cheques drawn on No.l and No.2. Account for 58,468. 5.11 and 23,781.17. .7 respectively were approved. t Prgfl t_and The estimated Profit & Loss Account for the. Loss Account: four weeks ended 7th October, 1952, shows a. working profit of 6,525 and a nett profit of 2,445* This compares with a working profit of 3,265 and a nett loss of 615 . . for the previous period. c -St i .< I ,r t in matter Or HYSV. MJDALCO NO 1161 OF 1987 AUSTRALIAN BLUE ASR^STPS LTD. Minutes of fleeting of Directors held at No.l Bent Street, Sydney, on Tuesday 25th November 152 at 12.30 p.m. Present; Directors Messrs.K.O.Brown (Chairman) J. A.films lie <1 H.R.Brennan (alternate Director for Kr. J.L.Tucker) Minutes: __ _ The Minutes of the Meeting of Directors held on the 28th October were read, confirmed and signed. Manager*s Report*. The Manager's Report for the four weeks . ended 4th November, 1952, was tabled and the following points noted :- Production. Sales & ' Stocks; Pour weeks ended 4th November, 1952. Production Sales Stocks " Value 289.71 S/tons 120.48 11 973.13 " 158,620 Expenditure; Expenditure disbursed for the four weeks ended 4th November, 1952, viz 60,423 were approved. Receipts for the period were 48,298 (Fibre sales 21,429 Sundries 26,869). Cheques Drawn on No.l and No.2 Accounts for 40,677.2,2 and 28,471.10.7 respectively were approved. Profit ft Loss: For four weeks ended 4th November, 1952, the estimated Net Profit or difference between the cost of our production and Its sales value at the estimated average sell ing price of 175 per short ton was 3025. On this same basis the Profit for this period before allowing for Depreciation, Depreciation of Hired Plant and Lease Rentals was 7,105. The figures for the previous four weeks were 2,445 and 6,525 respectively. In view of the reduction In percentage of grades 1 and 2 now being pro duced and the lower selling prices In cer tain cases now being obtained for our No.3 grade, It was agreed to reduce the estim ated sales value from 175 to 165 per ton, commencing from 5th November, 1952. Extraordinary The action of the Directors In authorising general the Secretary to call an extraordinary Meeting; General Meeting on 16th December was con firmed. This meeting Is to consider, and If thought fit to pass the following Re solution as a Special Resolution: "That the Capital of the Company be In creased to 2,000,000 by the creation of 1,000,000 additional ordinary shares of 1 each and that such shares be issued 1 Loan from The C.3.H. Co. Ltd.! PRODUCED IN MATTER OF HEYSV.MIDALCO NO 116) OF*1987 2. at such times and to such persons, upon such terms and conditions and with such rights and privileges as the Directors shall from time to time determine, but ' subject In all respects to the Articles* of Association of the Company." It was resolved that the action of the Directors in arranging on 31st October a loan from The C.S.R. Co.Ltd. of 10,000 be confirmed. Minutes of Kxtraordlnary Conoral Meeting held at fio.l Bent Street, 8yday. on Tuesday, 10th December, 195, et 11*0 e.m. / Pyftim^ . Messrs* J.A.Elnslie (Chairman), H.C.Slng end H*K.Breakspear (Alternate Director for Mr* X.O.Browi). In attendance - Mr. XJ.fi.Brennan* ' I ! , The Chalnan'lAferaod the Meeting that the Colonial Sugar Refining Company Ltd. end Keears* Tucker and Layton vere duly veoreaented et the Meeting by proxy and that the Meeting v*s therefore duly constituted. id Ur. Broxman, for the Secretary, read a copy of the Notice convening the Meeting. It wa* proposed toy Mr. Rleslle and seconded by Mr. King that the following Resolution be passed as e Special fieaolutlon; That the capital of the Company be y increased to 2,000,000 by the creation of 1,000,000 additional ordinary shares of 1 eaoh *nd that such shares be Issued at such tines and to such persons, upon such terms and conditions and with y such rights and priyllajoa as the Directors shall from tine to tine determine, but subject In all respects wo the Articles of Association of tbs Company.- and this vas agreed to unanimously* t %. v// PRODUCED IN.MATTER OF HEYS V. MIOALCO NO 1161 OPtW. . AUSTRALIA?? gLTTg ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday 23rd December, 1952, at 10.30 a.m. v Present: Directors: Messrs. J. A. Elmslie (Chairman), H.E.Breakspear (Alternate Director < .4 for Mr. K.O.Brown) and H.R.Brennan -..** (Alternate Director for Mr. . J.L.Tucker). Minutes: The Minutes of the Meeting of Directors held on the 25th November, 1952, were read, confirmed and signed. ^ ___ -^he Manager's Report for the four weeks Report; ended 2nd December, 1952, was tabled.and the following points noted. Proauction 4 V.E. 2nd December, 1952. Salta .and Stocks: Production Sales 323 tons 293 Stocks 1003 1 C Value 162,486 A i ExpgndlLugg: Expenditure disbursed for the four weeks ended 2nd December, 1952, viz 63,139 1 was approved. Receipts for the period v were 73,609 (Fibre Sales 50,762 and VS Sundries 22,647). Cheques drawn on No.l and No*2 Account for 43,069.19.11 and 29,201. 2.11 respectively were approved. Profit and Logs: For four weeks ended 2nd December, 1952, the estimated Net Profit or difference- between the cost of our production and Its sales value at the estimated average settl ing price of 165 per short ton was 1,685... On this same basis the Profit for this period before allowing for Depreciation,.-. Depreciation of Mired Plant and Lease Rentals was 5,765. W Cop awl ting It was confirmed that Mr. R.P.Luke has . . Engineer: been engaged as Consulting Engineer for a A period of 3 months from-January, 1953. . ,\v .nsgmi.LT 5LUB ASBESTOS rrvrm Minutes of Meeting of Directors held at Jo.l Sent S timet, Sydney, on Tuesday 20th Jannanr1953, at 3.00 r.a# "regent? CTreetors; Messrs. K.O.Brown (Chairman), J.A.Elaslie and M.G*Wng* In Attendance: Mr* H.Brnnan* Hlmitftg The Minutes of the Meeting of Directors held on the 23rd December, 1952, vere read, eonflrsed azid signed* Lfanag*Tu 5epor^ The Manager's Retort for the four weeks ended 30th December, 1952, was tabled and the following points vere noted! Pradnetlan S?tfotleonkat nd A V.E* 30th December, 1952* Production 260 tons Sales 140 " Stocks 1123 " Value 173,979 ^spriitnret Expenditure disbursed for the four weeks ended 30th Deceaber, 1952, viz 58,177 was approved* Receipts for the peHod were 47,276 (Fibre Sales 20,537 and Sundries 20,739). Cheques drawn on Ho.l and Ko*2 Account for 37,108* 3* 9 and 24,868*10* 3 respectively were approved* Prpfjfc and Loss? For four weeks ended 30th December, 1952, the estimated Ret Loss or difference between the cost of our production and its sales value at the estimated average sell ing price of 165 per short ton was 1,556* On this same basis the Profit for this period before allowing for Depreciation, Depreciation of Hired Plant and Lease Rentals was 2,524* Capital; Application to Capital Issues Beard* The Chairman's action In authorising application to the Capital Issues Board for-an Issue of 1,000,000 shares of 1 each was confined and the meeting was Informed that approval Ho* 5025 of 2fcd December, 1952, had been received* ottmr of Shaves. Confirmation was also given to the Chairman's action in authorising the Secretary to offer in tens of the Articles of Association to Lionel Chrysotile Asbestos Pty* Ltd* and Vest Australian slue Asbestos Fibres Co.ltd* the shares to which they would be entitled in the issue of 1.000,000 shares numbered 600,001 to 1*600,000* As no reply was received fren either of these Companies within the prescribed time the offer was deemed to have been declined* / \ infiTWlT.Tlg WTJTV asbestos r.TMTTm Minutes of looting of Directors hold Boot Street, Sydney, on Tuesday-3rd: February, 1953, at 10.50 a .a. Praarat? MlSUl&a.: Directors: Messrs. K.O.Brown (Ghalrssan) J.A.Klnslie and H.mBrcnnan (alternate Diroetor for dr. J.L.Tucker). do Minute* of the Mooting of Directors hold on the 20th Jansary, 1953, were road, eeftflrned and signed. Sydney It was resolved that a Bank Aoooont bo Bank Aaainafctt opened la the Coopany' s nano with the Bank of Mow Sooth Vales, Bead Office, Sydney, and that authority be given for the account to bo operated on by cheques draw In the name of the Coopany and signed by any toe of the following Directors: Messrs. X.O.Brown, J.A.Ensile and K.G.Xlng or endorsed for collection by any one or these-Directors and that arrangeaenta be Bade. accordingly. t iMfflU-Of It was resolved that the 1,000,000 ordinary shares of 1 each nunbered 600,001 to 1,600,000 Inclusive be allotted to The Colonial Sugar Refining Conpsny Ltd. in terns of that Coopany's application dated 28th January, 1958. It wee resolved that a call of 14/6 per share (785,000) be node on the 1,000,000 ordinary shares of the Coopany nunbered 600.001 to 1,600,000 Inclusive asking such shares paid up to 16/6 and that such call be due and payable to the credit of the Coopany's Account vith the Bank of Rev South Vales^Head Office, Sydney. Tans at Bh&Eh CartiXlctttti It vas'resolved that Share Certificate Vo.33 for 1.000,000 ordinary shares umbered 500.001 to 1.600,000 Inclusive In the nsac of The Colonial sugar Refining Coopany Ltd. be sealed with the Coopany's seal and Mr.H.B.Brennan was authorised to countersign sueh Certificate. .i.iahsitot It vas resolved that ve purchase froo The Colonial Sugar Reining Coopany Ltd. the Vest Australlsh nlalng leases at present w held by thao and umbered 18-81 Inclusive, K 88*48 Inclusive*. 45, 46 and 4?; 61-68 In clusive, 8 end 4, all situated et Vest Pilbara for the sun of 58,700 end the Director vas authorised to negotiate the transfer. TArmten> Xattlagi It vas decided that the next Directors Meetings; should be held on the 25th February*. 1962E 40 4TBffBAT.Tlll PLUS ASBESTOS tTMTTTO Mlnntes of Meeting of Dlroetors hold atPo.l Boat Street, Sydney, on Wednesday 25th P ibruary, 1953, at 10*30 a,n. Present? Directors: Messrs* K*0*Brovn (Chairman), J.A. Missile and M.CL&lng* In Attendances Mr* H.R*Brcnnan J fha Mlmites of the Keetlnf of Qtreetors hold on the 3rd February, 19584 vere head, confined and signed* { ena>ert The Manager's Report for the fdcr veeks ended 27th January, 1953, vas tabled and the following points vere noted: 4 V*E* 27th January, 1953* Production 284 tens Sales 106 * Stocks 1299 " Value 202,488 v \ FmwMMtBft Expenditure disbursed for the fdur veeks ended 27th January, 1953, vis 49,166 was approved* Receipts for the/oerlod vere 46,186 (Fibre Sales 19,005 and Sundries 27,101)* Cheques drain on Mo*l and Mo*2 Account for 25*967* 6l s and 16,483* 7*11 respectively veref approved*. LPorofti-t and, For four veeks ended 27th J< r, 1953, , the estimated Met Loss, or rence botussn the cost of our produel Lon and Its: sales value at the estimated -svbrege selling price of 160 per short ton,, vas 318* 0a*-- this sama basis the Profit for this period-. before alloving for Depreciation, Rent f-` Sired Plant and Lease Rentals vas 3,7^7. Mr* M.G.Klng will be leaving on 3rd March to investigate market conditions for Blue Asbestos Fibre In Europe* Chairman. r. '1. -* anwrmsr wm .CTBrm Minutes of Beetiaf of Directors hold at Vo* 1 Boat Street, Sydney, an Tuesday 17th .Harsh, 1953* t 2*30 p*n* EBUtafc* Dlroetors S.0* Brown (Chsirnan) JM. Slnelle A H*R* Bronnon (alternate Director for Mp* J.L* Tusker) iBRiii The Mlnatcs of tho Meeting of Dlroetors bold on tho 3rd Mush, 1953* voro reed, confined aM signed* 2fuucsi& Report* Smondltnrot Tho Manager*3 Report for tho four week* ended 24th February, 1953* vas tabled end tho following potato noted* 4- tf*3* 24th February* 1953* Prodnstloa 293 t Sales 497 * Stocks 1094 " * Value 171*75* Sspendlture disbursed for tho four weeks ended 24th February! 1953* vis 70,9*3 was approved and also on aaount of d25,COO expended as follows** Repaynent of Loan to C.S*R* CoLtd* 623,000 C.S.R. Current Aeoouat 202,000 Receipts for tho period were 99*905 _ (Fibre Sales 80,337 and 8undrlee 19.58*)* . Cheques draws on Vo*l aeeouat for 153969.6*4, VO.2 soouual for 34114*2*1 and Bank S*S.V." Sydney for 725000 were approved. peftfta eea Far four weeks ended 24th February, 1953* the estimated Bet Lees, or dlffarenea between the eoet of our produetloa end Its seler value at the estlasted average selUac prlee of 160 per ahort ton, was 2,907. On this sane basis the Profit for this ported before allowlnc for Depreelation* Vent of Blred Plant and Lease Rentals was 1,153. 1 t Chairnan* C 084Z A- (nh \i . < MffiTmiiR BTCT AMg 7/QgTTO litmtes of Meeting of lirectors held at lo.l Bent Street, Sydney, on Tuesday, 12th May, 1953, at 10%30 am Prsa*wf; Directors: Messrs* K.O.Brown (Chalraan) J*A* almslis and 3.E*Brennan (alternate Director for Mr* J*L* Tucker) Blunt* The Minutes of the Meeting of Directors held on the 14th April,1953, were read, confirmed and signed* The itsnagers Report for the four weeks ended 21st April, 1953, was tabled* She following details of Production, Sales ete* were noted* Production Sixtons Sales 102 0 Stocks 1125 * * Value 197,107 Details of erpcndltnre disbursed of 80,315 for the tar weeks snded 21st April, 1953, wore tabled and approved* Becelpts for the period were 46,812 (Fibre Sales 28,643 and Sundries 16,189) lotts pimt aim ft*flLftf. Ihe Profit and Loss Account for the four weeks ended 21st April was tabled and showed that the estimated Rett Profit, or difference between the coat of our production and its sales value at the estimated average selling price of 160 per short ton, was 7,135* On the same basis the Profit for the period, before allowing for Depredation and Rent of Hired Plant* war 11,135* In view of the decreasing selling price It was decided to reduce the estimated average selling price from 160 to 155 for the purpose of calculating this Rett Profit* It was resolved that approve! be given fbr the following plant when pnrshased to be hired fra The Colonial Sugar Refining Co.Ltd* form Ie*177 - Dost Collecting . Installation 2,190.,' uUb6L. She following Capital Sspendltare was approved* for* io*X76 - Bln ft Conveyor systas between bov portal and ala bin* 13,200 v. Form Bo.177 - Dust Collecting , Installation 2,910 / 7 / C 0845 ATMfMLTlW-ZUTW MinatearoglentlBf of Directors held at *o,l Bfltfli'Mt, Sydney, on Tuesday, 9th June*- 1958, at 10*30 a*ou esanfr? treetora: Messrs* K.O.Brom (Chairman) J.A*KlB#lie and X*u*Xlng* ZB attendances Krs H*R.Brennan* fix* Minute* of the Meeting of Directors held on the 12th Hay, 1957, were read, confirmed and signed* Manaw Renortt The Manager1 s Report for the four weeks ended 19th Hay, 1953, was tabled* Production gftlnn and Stocks? The following details of Production, Sales etc* were noted; Production 319 toam& Salas 171 * Stocks 1454 * * Value 819,375 Errsmil tore* Details of expenditure disbursed of 49,273 for the four weeks ended 19th lay were tabled and approved* Receipts for the period were 45,946 (Plbre Sales 28,296 and Sundries 117,848) Profit sad &11* The Profit and Loss Account for the four weeks ended 19th Hay was tabled and showed that tha estimated Rett Profit, or difference between the cost of our production and its sales value on the basis of 155 per short ton was ^814 Included In this figure was a charge of 4,000 for Depreciation and Rent of Sired Plant* It was resolved that "Partial Surrender of f lining TaMment" for the surrender of portion of business ares lo*208 situated st Ylttenocm in the Meet Pilbars Goldfield, be signed and sealed with the Company's seel and Hr* H*R.Brennaa was authorised to countersign the Surrender* It was resolved that a call of 1/- par share (50,000) be made on the 1,000,000 ordinary shares ntabered 600,001 to 1,600,000 Inclusive, end that such call be due and payable forthwith at the Registered Office of the Company* Chairman 0846 MTTBAT.T BTJTE^ifiBeSttB T. I <M* mantssvof Keating sf Diresterrheld at ffol M Sttnt, 8j*mvif ant ftSssday 7th July, 1998, *'9*8*HMK 3HBls Direstorst Veters* r.A*BlB*li* (Chairman), M.OJtlhf snd'H*B*Brennair (alternate Director for Kr* J*l*Xacker) fixs**iautes of ths Keating of held on tha 9th Jana, 1958, vtrt-rMi, ojpfined and signed* Managers Report for tha four weeks ad 16th June, 1998, m tabled* graaBctioa2tin and. Stock She following datalla of Production, Salas ate* for Blue Asbestos Fibre vere noted* Production Salas Stocks * Value 890 short tons as " 1601 241,445 Zt vas reported that stoeka of fibre on hand hare increased frcn 1454 to 1601 short, tone over tha last 4 weeks* Zhora are still 1250 tons of fibre to be shipped to laerica for Johns MaariUe up to tha and of this year providing shipping opportunities can be obtain* ad Which are satisfactory to tha custoaer* The first Tassel doe to leave Fr--antie for inariea vlil be in September when vs hope to arrange to lift up to 500 tons and tha bala&ee aa soon as possible thereafter* Other orders on hand for delivery this year total 250 tikort tons* EncuUtnt* Details of expenditure disbarsad of 88,253 for the four veeks ended 16th Jane, vere tabled sad approved* Reoelpts for the period vere 52,471 (Fibre Salsa 31,918 and Sundries 20,553}* Lsiv the Profit and Lots Account for the four weeks ended 16th June, vas tabled and showed that the estiaated ITett Profit, or difference between the cost of our promotion end its sales value on the basis of 155 par short ton vas 6,788* Xneludod In this figure is a charge of 4,000 for Depreciation and Bant of Eirdd Plant* It vas resolved that a call of 1/5 per sharv ^ (70,833* 8* 8) be aad# on the 1*000,000 ordinary shares noktoered 600,001 to 1*600*006 inclusive --igiwg such shares rally paid and that sash sail, bs payabla at thd Registered Offlss of ths Conpany as and dii required. Tenmlttaal>t It vas dssldsd to apply to the Capital Issues Board for parvlsalon to lasso an additional 400,000 ordinary shares of 1 each* Pyle-- She decision to redaeo the selling prices of Biss Asbestos Fibre as fto the let July was confined* TheiO vptlcee now aret- flftlsl cnrf Famhert ten Oradef - 0156001} noof t20f*0o0Ibb*ar*ynsntl* C 0847 ATTSTALTAT BLtrg ASBFfiTfvS LIMITED Minutes of Meetine of Directors hold at So.1 Sant Street, Sydney, on Wednesday, 5th Aagmst, 1953, at 10.0 a*a. Presents Directors: Messrs. K.O.Brovn (Chairman), J.A.Elmslie and M.G.Klng. In Attendance* Mr. E.R.Brennan. Miaiiiaa.: The Minutes of the Meeting cf Directors held on the 7th July, 1953, vere confined and signed. Man ?*>. Report? The Manager's Report for the four veeks ended 14th July, 1952, was tabled. Production . . The following details of Production, Sales Sales and etc. for Blue Asbestos Fibre vere noted. Stocks: Protection 360 short tons Sales 100 B * Stocks 1868 " " Value 280,354 Expend! toy* Details of expenditure disbursed of 57,948 and 80,476 for the two veeks ended 80th June and 2 veeks ended 14th July respectively vere tabled and approved. Receipts for the period were 35,444 (fibre Sales 17,184 and Sundries 18,260). Profit and Loss: The Profit and Loss Accounts for the tvo veeks ended 30th June and tvo veeks ended 14th July vere tabled and shoved that the estimated* Matt Profit, cr difference between the cost of our production and its sales value on the basis of 150 per short ton was 2,429 and 8,838 respectively. Included in this figure is a charge of 2,000 and 2,150 respectively for Depreciation and Rent of Hired Plant. Capital lames* No written reply has yet been received from Capital Issues Board to our application for the issue of 400,000 shares of 1 each. Mr. Levy of the Capital Issues Department, Sydney, has advised that approval has been granted, for the Issue of 50,000 shares of 1 each and . that approval for the balanve viz. 350,000 1 shares has been referred to Canberra* Capital* 0 It was resolved that a further issue of Capital to- the extent of 50.000 shares of 1 each numbered 1,600,001 to 1,650,000 inclusive be made and, that such shares rank pari passu la all respects with the ordinary shares forming part of the original capital of the Company. * It was further resolved that such shares be offered to The Colonial Sugar Refining Company Ltd* and if aeeepted that they be payable 2/oa application and a call of 8/- per share be payable on or before the 28th August, 1953, and the balance ia calls of sueh amounts as the Directors may decide* msn *K . .'U v. I C 0848 m iifa-atr- mat gum Xfant-- * H--tiac f Mwatw --Id at 9e*l MEHik* SiAVt At faiidtfit Lrt SiptHfaVf 2953* &t 10*30 o*a ni--at Mho* K*Q*----a (0--lnaa)* j i bm* ud K*C*Xlag* 2a Attertaaooi Mr* X*E*Bre--aa* T-- Mtaxteo of the WarMm of Xdreetors held -- Ah* 5th Infoat* 1953 -- eooflr--d ud al--od* The-Ma--far*a Report far tho fo-- veo-- bM Uth.M 1953* tea tabled* Sol-- art Stggfcgt The follovlfic detail* of prodostloa* --loo etc* for Bias Asbostaa Pifaro voro noted* prod--ti-- f*if Steaks Talao- 373 A--it--a 54 2172 375*000 (at 050 p-- d--rt tor) af --yaAttaro illafanraod of 09*390 f-- thsfo-- oofcs-ertrt-Uth Aagost* wore tabled art --p--ood* Baoodpte ftr tho period v--&7*OMYltev Salto 0*532 art Sodrloe 00*400). Coat oad mm* Tho aoM--tal Coot of Prodootl----i asttlaf Kqo--otr tho 4 11th Aa--t voo 037*20 p--shook too foh Fra--Ho eeo--dvlth.tha ooot p--Ifc--t.t-- to date-thle half 09-- of CL36.9T* fttpwit oolllaf prioo of Bo3 rodo la 050 paraher*too fob Tr-artla fast It la ortdort *^| faeoaooo of tho Mefcot pioltlir. this prioo wUl ho-- to fao rodoood shortly* Ort-- talar sol--teaks of flh--iaarooart d--I-- tho ported,fap 319 to--* Xt --a roaoft-i that Him art- of loo-- (-- htxdac T--art)* ftr tho inriail- of lealdarttal IeaaeBe*2 alt--tod ot flttaao-- la tho Mat Hlfaa-- Coldfield* faeslfaad art oaalod vith thaCaapa--*s oaol art Mr* XJUhra--a v-- eat--deed to eon--* o--B.tho 0--road-- Tho hllarlij flapltol --partitaa vmo appro--d* Pan Be*270~ % 9--*00*179- 900 900* tie. poalod of adz fr--tho of a tho tho 3oe--taqrto rtftr li t-- af tho Artlelee-ef h--inlatl-- ta|d--aT ChiysrtllAAsfaoat-- PtpJM* art 9i--hartlto -- Aohoa--*rifa--e Ostltd* tho *rtirtrt--y --eld faa.aofiUad la trt iao-- af t ftrtrt h trtr -- tha It m rwolni that tea 50,000 adlanx / <1 nbntd l^OO^CXta 1^50,000 ------ / Hutted ta tea S^ar la!__ la tans f that Ca^aar+t puMml W data* 5th iasoata 1953* lbs ^riTf Bigautar stated that ha amid ha Nliitlii nttaasi dnrlag Ad \ C 0849 Tram Ml to 30th aaptt--r 625 abort taas vara Mid ud -Mrr"4 owmm* SpMditMM PataHi ofpoaiitara diafcaraod dt 56,824 for tha foar voaks oadod 9th Saptaobar war* tohlod and twgooad. Umlpti tat tbo poriod iw-f27.992 (flhra Solas 7,865 tad Soadrloa 820,127). Cost oad As oailhalad Cost of Frodaatloa tad --if Up--M fcr~ths 4 .. 8th Saptoabor vaa 804*19 par a hart -- fob .fr--wMa -* vith tteaoct par abort ton toiUtii half yaar of 035*58* Zt nidroad to bold tha Ooaaval Waatlnc oa fuaodar, 27th Oatohar, 1953, and tte liaraftry to t1fy ffha--alWa aooordiafly* Aa Ha atInf aoaOzaad tha --edst--t of te* I WHIntaa aa flaaarataij of tha Ooopapr la plaaa of A* l,I*JahmtoB ba haa raai--d ad it ufmi a lattardwald bo aaat to Mr* Jo-- thaallBf hla for hia aaraieaa aa c 0850 ChalratB. // r C 0851 States of f Stas held s Vo. 1 O'Conanmexill.ji imi| iSijyitwayjt* cs Ttwsdsj 2tth Vor- 9 1953* * 3 p.a* ttBSStBtl KeasE*0*8roifli (Ghalnaa), ;.i Stall* A S.OJCla*. XB AttsndsBoot --serf* H8reokspesr9 l.C.Elcco UX" ldflatftgi States of tfet Mill of Streeters MIA 27th Oeteber* 1953* w ouaflraM sod sicast* _ ^ taft for tht f 3rd Iwwfr, 1953* m tabled Rcbw for Slaw Asbestos rtbrs for the f Steaks t 3rd Bov* Tta 3Ia1LV shgort tongs 2153 * 322*950 * Petall* of ltltattsis disbarred, of 87*795 for tbs b wih tai 3rtlf*w wra tatted Bsasipts for the period vers Salsa 62*582 tfA Saadrlea 20,3**) . Cost of Prodnetta sad hUlac the b v.S* 3rd ereabar was5b3*73 per short toi fo*b* Trsneatl* ooeazsi \dtb the* oost per tart tot to dots this SuTYear of 13012 TiQToased eosts darlar the period w ' star doe te 1* Loss of Prodnailon doe to fstalltj la ala*. 2* Baild p of stocks of i of period. last half 3* Won rolls dtaac last it rodaood wtpst. as aooldta latte shioi Berlin the periedraeeltln* la death of Mtaa sW wrloialtay to two At tha lagnost* Mid the verdtetto doath sad av Vta was sttrlbatablo to tte kept by loeaJ statta the is the wnt ist __ ` ` It was ifrssl ttprtha ed two nilsphoald bo preeecdedffith as as ywrtbltri It wasdooalsfa that the Ntafidaa of tfottsfastta ofnll fBala for SrvJjgBbo sIpisA --A seeledfdth taCtaauy sitfialMrJX was. srtaifntlo 1 C 0852 Martao of m*m t Hmadoa ball at ItUBollM, Abater* OB ToMiir 22a* 0avatar, 1953, at 10.30 mu Sam* DUaednar Ikon. LOJhwa (tihaimaa), JJUOmlle ad KA Klac. Ia )tan I fT Him ad EJAani TIib WttM of the Matlny of Olmaten bald on t--24th bMte, 1953, at a--lmd mad rtfrt. Tha mayar'a bft for tha foor lad Saambar, 1953, vu tabled. for B3ai Aabaet-- rum for the foor mad* llti Prim MaK >3-- Mo--a ad 102.53 Talw 338 abort tow 394 " * 2091 333,300 IdHd of all rnideta-Hny erdamf or fibre for 1933 boa no* baas effhatad with the a--opdloe of 20 tow for KUarale flhms* Ida praeaat poaltlw ia mead to 2954 ia a fhllnwt _____________ Ihedter U1 itfdxi 2000 tow of >>J grade pad pcnhaMy an adiltSaml qaenfci^ daisy the lattar half of 1954. m bam qwtad tbaa 1330 par --art tor fob Ifeaaaadla aad am sow --Itiri their fin ordar. Ia tha aaaatln the) lw liatriadart na to ddp ta laglea 300 tow hy laatillthahal--afaordar t for idilfat la 3954. Zb addidioa Hliamla fttraa ham twMaatad that Ottavaal ladaatoa Mmh<--dmlar OaOdd. am awlom to obtain 400 taaa of oar aO grade for 111--j oaar 12 aonfcha, "X hat am eod pnpini da pay act thaa 4772,10. par Matte fah to---tie. la viar of dha paaalhAUIr of ? \ nhea--daadrrthewodlmt--mdftth--Udcidaad--CSo3w Amaala lUm tern ha aatffit at that prioa, tddah iadadaa 33 on--latl-- dadh--. Oar raciilar ""<f prlaia of Blm tit--tw 7Ura find amdafeO. 4370 (p--ahod dm OmdaBaU 4130 (wd f.aM Mtld <4335 (Tr iawill. ty dhaa ia tbair tiltoy* or<43*570 dad aadofi 3M34 (TUfT the fo ie <39,509 Tha aadUtad Coed of Pmdaatlm -d|OT< Uwmdr tha4 Vl* ladhadirme U2^<(Irart toef.oM. Ti--alia eoap--adaidk tha ooad paerd-rd doa to data tide half yam of <SM4* Vi f 2 Uitol fra fhntaring Coital ^tadll-- att y^at--d <^iaa^2>S ra BUB1. Ptnbu* of Hatted* woUi* Mia 020 aj*Miii PMir NUatMM vok 040 * Bo22? - Hiaa oar bnHm$ wtcr ttalac ovtefaoaU 5590 1mmii fla Ifntatt* bMtttti Mtedatar for Mlaaate tfotten Aaotetllt sad ioftnlin B2ao Itbaatia Ltd* far tba Xoaaa of orplnotoo Ntetala* kano Bo*23T76 ti Vlttoaaoa Qsia id a rook of 51 por tan wa rtfaoi tad ootiod vdlfc tfaa attX tad Hr* HJLBraoatn vaatothaaiatd la mianrrlgn tha i--U AgdlA IS At mmM rttti'iad fta MHtrt. Anjr & liaiij for nUI { flat inwttrc to 6flT. 2, 6, ftr tfaa 7W tadti 30th Joat 1953 uaa ipprgood for whU I**' t-- ' AgSTFALIAH., 3IDS-&SBSSIS5 LIMITED PRODUCED IN MATTER OF HEYS V. MIDALCO NO 1)61 OP 19*7 Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday 20th January, 1953, at 3*00 p.m. Pr+<ir>-n*i Directors: Messrs* K.O,Brown (Chairman), J.A.Elaslie and M.G.King. In Attendance: Ur* H.R.Brennan. Minutes: The Minutes of the Meeting of Directors held on the 23rd December, 1952, were read, confirmed and signed* Manager's Report: The Manager*3 Report for the four weeks ended .30th Deceaber, 1952, was tabled and the following points were'noted: Production Sales and Stocks: 4 V.E* 30th Deceaber, 1952* Production 260 tons Sales 140 " Stocks 1123 " Value 2173,979 Expenditure: Expenditure disbursed for the four weeks ended 30th Deceaber, 1952, viz 56,17? was approved* Receipts for the period were 47,276 (Fibre Sales 26,537 and Sundries 20,739). Cheques drawn on Ko.l and Xo.2 Account for 37,108. 3. 9 and 24,668*10* 3 respectively were approved* Profit and Loss: Capital: For four weeks ended 50th Deceaber, 1952, the estimated Hot Loss or difference between the cost of our production and Its sales value at the estimated average selllng price of 165 per short ton was 1,556. On this same basis the Profit for this period before allowing for Depreciation, Depreciation of Hired Plant and Lease Rentals was 2,524* Application to Capital Issues Board. The Chairman's action In authorising application to the Capital Issues Board for an Issue of 1,000,000 shares of 1 each was confirmed and the meeting was Informed that approval No.5025 of 2nd December, 1952, had been received* Offer of-Shares. Confirmation was also given to the Chairman's action In authorising the Secretary to offer In terms of the Articles of Association to Lionel Chrysotlle Asbestos Pty. ___ Ltd. and West Australian Blue Asbestos Fibres Co.Ltd. the shares to which they would be entitled In the Issue of 1*000,000 shares numbered 600,001 to 1,600,000* As no reply was received from either of these Companies within the prescribed time the offer was deemed to have been declined. Directors Meeting; ' v--.v' reoDucED^MATiffiCP HEYSV.MfDALCO NO UttOFlW .- - 2- v Issue, .of Capital- It was resolved that a further Issue of Capital-to the- extent - - of 1,000,000 ordinary shares of 1 each to be numbered 600,001 to 1,600,000 Inclusive be made and that such shares - rank pari passu In all respects with the1' ordinary shares forming part of the original . Capital of the Company and be payable.2/- per share on application and the balance 'In.'';.:' calls of such amounts and to be made at .such times as the Directors may decide.* It was agreed In terms of the Articles of Association that such shares be offered to Ihe Colonial-- V Sugar Refining Company Ltd. ' // >. ' '. * * / ' .v It'was agreed that the next meeting of Directors be held on Tuesday 3rd February, *'r 1953, at 10.30 a.m. * V.:' AUSTRALIAN BLUE ASBESTOS LIMITED t-; ' i WODUCED IN MATTES Of HEYS V: MIDAUCO NO 1J610F 1967 Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday 3rd February, . 1953, at 10.30 a.m* Present? Minutes? Directors: Messrs. K.O.Brown (Chairman)' J.A.Elmslie and H.R.Brennan ialternate Director for * ... r. J.L.Tucker). . The Minutes of the Meeting of Directors * held on the 20th January, 1253, were read confirmed and signed* Svdnev It was resolved that a Bank Account be . Bank Account: opened in the Company's name with the.Bank. of New South Vales, Head Office, Sydney, and that authority be given for the account to - be operated on by cheques drawn in the name of the Company and signed by any two of. the following Directors: Messrs* K.0.Brown, J.A.Elmslie and M.C.King or endorsed for,' . collection by any one of these Directors' /: - .*. and that arrangements be made accordingly* - of Capital; Call on Shar&a: It was resolved that the 1,000,000 ordinary shares of 1 each numbered 600,001 to * ' 1,600,000 inclusive be allotted to Hie Colonial Sugar Refining Company Ltd* in terms of that Company's application-dated 20th January, 1953. It was resolved &at a call of 14/6 per- share (725,000) be made on the 1,000,000. ordinary shares of the Company numbered . 600,001 to 1,600,000 inclusive making such shares paid up to 16/6 and that such call V be due and payable to the credit of the ^ Company's Account with the Bank of Hew South Vales, Head Office, Sydney. .v ' Issue of Share Certificate? It was resolved that Share Certificate No*3S for 1,000,000 ordinary shares numbered: 600,001 to 1,600,000 inclusive in the name of The Colonial Sugar Refining Company Ltd. be sealed with the Company's seal and- Ur .H.R.Brennan was authorised to countersign such Certificate. V.A.Asbestos Leases? It was resolved that we purchase from The Colonial Sugar Refining Company Ltd* the Vest Australian mining leases at present held by them and numbered 13-21 inclusive,' 26-43 inclusive, 45, 46 end 47, 61-63 in- elusive, 3 and 4, all situated at Vest Pilbara for the sum of 52,700 and the Managing Director was authorised to negotiate the transfer. * Directors Meeting? It was decided that the next Directors Meeting . should be held on the 25th February, 18$3*. Produced in Asbestos Persons. Injury Cases: Abn^sjead and cooled to Ricr.wi; J *. l/-<'u33 produced in MATTER of HEYS V M1DA1.CO NO 1161 OF.1967 ATTSTRALTAN BLUE ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Wednesday 25th February,. 1955, at 10*30 a*a* Present; Directors: Messrs* X0Brovn (Chairman), J*A.laslie and M.G.Klng* In Attendance: Mr* H.R.Brennan Minutes: The Minutes of the Meeting of Directors held on the 3rd February, 1953, were read, confirmed and signed* Enagerla sport: The Manager's Report for the four weeks ended 27th January, 1953, vas tabled and the following points were noted: Production. Salas and 4 V*E* 27th January, 1953* Production 284 tons Sales 108 * Stocks 1299 * 9 Value 202,488 Exaenditura Expenditure disbursed for the four veeks ended 27th January, 1953, via 49,166 was approved* Receipts for the period' were 46,186 (Fibre Sales 19,085 and Sundries 27,101)* Cheques drawn on No*!' V and Ko*2 Account for 25*987* 6* 3-and 16,463* 7.11 respectlreiy were approved* Profit and Loss: For four veeks ended 27th January, 1953, the estimated Net Loss, or difference between the cost of our production and Its . sales value at the estimated- average sellingprice of 160 per short ton, vas 313*:. On . this same basis the Profit for -this period, before allowing for Depredation, Rent of Hired Plant and Lease Rentals was 3,767* - gjJaue Sales: Mr. M.G.Klng will be leaving on 3rd March to investigate market conditions.for Produced ip Asbestos pe-sprid: Injury Cases: s. copied to Richi.o fr. --'u^ PRODUCED IN MATm Or : H&VS V. MIDALCC NO 1161 Of 1987 . ' AUSTRALIAN BttlE ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday 3rd March, 1953, at 10.30a*m. present! Directors: Messrs* K.O.Brown (Chairman), V J.A.Elaslle and M.O.Ring* In Attendance: Mr* H.R.Brennan Mlna.tea? The Minutes of the Meeting of Directors held on the 25th February, 1953, ere read, confirmed and signed. XiSUfi-fif Capital; It was resolved that a call of 1/1 per share'(54,166*12* 4) be made on the * . 1,000,000 ordinary shares numbered 600.001 to 1,600,000 inclusive, making such shares paid to 17/7 per share and that such call be due end payable to the credit of the Company's Account with . the Bank of Mew South Vales, Head Office, Sydney. . `.V- Mineral Leases: It was resolved that the forms of transfer. (39) for Mineral Claims Nos* 12 to 21, 23 to 43,45 to 47 and 61 to 66 all inclusive. Miners . Homestead Leases Nos* 3 and 4 and Subterranean Water Right No.27, which have been purchased . from the Colonial Sugar Refining Company Ltd. for 52,700*13*10 be signed and sealed with ' the Company's seal and Mr* H.R.Brennan was . authorised to countersign the transfers. ./ yt. '*L-.4 produced in A* r.ciQs personal ,rct.s lead and. Injury Ozs*?-.-'; copied to t v.cn. dF. Scruggs . PRODUCED IN MATTE! OF' . HEYSUMIDAlOj '* NO UblQtim . AUSTRALIAN BLUE ASBESTOS LIMITED. Minutes of Meeting of Directors held at Ho. 1 Bent Street, Sydney, on Tuesday l?th March, 1953* at 2.30 p.a. Present: Directors K.O. Brown (Chairman) J.A. Elmslie &H.R. Brennari (alternate Director for l-lr.. J.L. Tucker) Minutes: The Minutes of the Meeting of Directors-:; held on the 3rd March,. 1953, were ready'..": confirmed and signed.. Manager 1s Report: The Manager's Report for the four weeks- ended 24th February, 1953/ was tabled and he following points noted: Production Sales and Stocks f Expenditure: 4 W.E. 24th February, 1953* Production 293 tons Sales 497 " Stocks 1094 " Value 171,758 Expenditure disbursed for the four weeks.; ended 24th February, 1953, vl* 70,$43 was approved and also an amount of 82 5., 000 . expended as follows:- Repayment of Loan to C.S.R. Co .Ltd. . C.S.R. Current Account 623,000 . 202,000..;.=: * Receipts for the period were 99,925' (Fibre Sales 80,337 and Sundries 19,588)'. Cheques drawn on No.l account for 153969.6.4 Ho.2 account for 34114.2.1 and Bank N.5.W, Sydney for 725000 were approved. Profit and Loss: For four weeks ended 24th February, 1953V the estimated Net Loss, or difference . between the cost of our production and.'. Its sales value at the estimated average./ selling price of 160 per short ton, was : 2,927* On this same basis the Profit.--, for this period before allowing for Depre- ciatlon. Rent of Hired Plant and Lease--' *. ' Rentals was 1,153* / Chairman. Produced In A Pastes Personal fHODUCED'IN MATTER OF HEYS V. MIDACQO NO 1161 OF-1987 AUSTRALIAN BLUR ASBESTOS-LIMITED Minutes of Meeting of Directors held at No*3. Bent Street, Sydney, on Tuesday 14th April, 1953, at 8*0 p.a. Present; Directors: Messrs. K*Q.Brown (Chairman) and J.A.Elaslie. . v In Attendance: Mr* H.R.Brennan. Minnies.: The Minutes of the Meeting of Directors held on the 17th March, 1953, vere read, confirmed and signed* * The Manager's Report for the four weeks. ' ended 24th March, 1953, was tabled : and the following points noted: Production Spies and Stocks: 4 V.E. 94th March, 1953. Production 253 tons Sales 281 Stocks 1068 n Value 163,469 Expenditure: Expenditure disbursed for the four weeks ' ended 24th March, 1953, viz 67,550 was approved* Receipts for the period were 53,090 (Fibre Sales 33,552 and Sundries 19,538). Cheques drawn on '-.. ' No.l account for 50,435. 0.11, and .. . Ho.2 account for 31,507* 9* 9 vere approved* Profit, and Loss: For four weeks ended 24th March, 1953, the estimated Net Loss, or difference >. between the cost of our production and its sales value at the estimated averaee selling price of 160 per short ton, was 4,445* On this.same basis the Loss for this period, before allowing for Depreciation and Rent of Hired Plant,., was 445* . Produced in Asbestos Personal ^ Injury Cd$c: Abrarns load and v caopied to Richard r. Scruggs / . / fKODUCED IN MATTER OF * HEYS V. MIDALCG V NO 2161 OF 1987 AUSTRALIAN BLUE ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday, 12th May, 1953, at 10.30 a.a. Present? Directors: Messrs* K.O.Brovn (Chairman) J.A. Elmslle and. H.R.Brennan- (alternate Director for Mr... J.L* Tucker) The Minutes of the Meeting of Directors held on* the 14th April, 1953, were read, confirmed and signed. Manager1g Report: Production Bales and Stocks: The Manager's Report for the four weeks*' ended 21st April, 1953, was tabled* The following details of Production,; Sales etc* were noted: Production 341tons Sales 102 " Stocks 1125 " Value 197,107 Expenditure! Details of expenditure disbursed of. 59,315 for the four weeks ended 21at " April, 1953, were tabled and approved.-*.' Receipts for the period were 46,812 (Fibre Sales 28,643 and Sundries 18,169) ' Profit,and Loss; The Profit and Loss Account for the four weeks ended 21st April was tabled- and shoved that the estimated Nett Profit, or difference between the cost of our - production and its sales value at-the . estimated average selling price of 160 - per short ton, was 7,135. On the-same basis the Profit for the period, before-..' allowing for Depreciation and Rent of. - Hired Plant, was 11,135* In view-of the decreasing selling price it was decided to reduce the estimated average selling, price from 160 to 155 for the purpose of calculating this Nett Profit. Plant Hired It was resolved that approval be given Tor from_The the following plant when purchased to- be . C.S^R.go.Ltd-: hired from The Colonial Sugar Refining.; Co.Ltd. * Capital Expenditure? fora Ho.177 - Dust Collecting 2*190. Installation .- r * * The following Capital Expenditure was approved. Fora No.176 - Bin 4: Conveyor system between new portal and- main bin. 13,200 Form No.177 - Dust Collecting ' Installation 2;910 c-."j-sonaJ Injury Oz?*:: rt- *; J ind copied to P:chr: r. c ju. Chairman rtff* , . 1 PRODUCED HEYS V. MlDALCO " NO 11610FHB7 ATTSTRALT AW _ BLUE ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday,. 9th June, 1952, at 10*20 a.m. Present: Directors: Messrs. K.O.Brovn (Chairman) J.A.Elmslle and U.G.Klng. In attendance: Mr. B.R.Brennan. Mirmtea: The Minutes of the Meeting of Directors. held on the 12tb May, 1953, were read, confirmed and signed. Manager*s Report: The Manager's Report for the four weeks ended 19th May, 1953, was tabled. Prsavsllan galea jml The following details of Production, Sales etc. were noted; Production 319 tons Sales 171 Stocks 1454 * Value 219,375 I Expenditure: Details of expenditure disbursed of f 49,273 for the four weeks ended 19th May were tabled and approved. Receipts for the period were 45,946 (Fibre Sales 28,298 and Sundries 17., 648) . ... profit. _anfl Loss: Township Post Office: The Profit and Loss Account for the four.'. weeks ended 19th May was tabled and showed that the estimated Hett Profit; / or difference between the cost of our production and its sales value on the basis of 155 per short ton was 2,214 - Included in this figure was a charge of 4,000 for Depreciation and Bent of Hired Plant. \ . It was resolved that "Partial Surrender of Mining Tenement11 for the surrender of portion of business area No.208 situated at Wittenoom in the Vest Pilbara Goldfield, be signed and sealed with the Company's" seal and Ur. H.R.Brennan was authorised vto` countersign the Surrender. : Cali Capital: It was resolved that a call of 1/- per share (50,000) be made on the 1,000.000 ordinary shares numbered 600,001 to 1,600,000. > > inclusive, and that such call be due and;, payable forthwith at the Registered Office of the Company. J Chairman 7- s* Produced in - Injury >4vi and copiad to hicv'&a:~~njfjgs AttgTRALIAK. -BLUE ASBESTOS?. LIMITED " Minutes of Meeting of Directors held at No*l Bent Street, Sydney, on Tuesday 7th July, 1953, et 9.39 e.au prggpnt; Directors: Messrs. J.A.Elrcslie (Chairman),' . M.G.Klng end H.K.Brennan (alternate Director for Mr. J.L.Tucker)* - Minutes: The Minutes of the Meeting of Directors held on the 9th June, 1953, were read, * * confirmed and signed. Manager* s Report: The Manager* s Report for the four weeks-' ended 16th June, 1953, vas tabled.' Production Sal.es. and Stocks: The following details of Production, Sales . .> etc. for Blue Asbestos Fibre were noted;;;'. Production Sales Stocks " Value 360 short tons 213 ** 1601 241,445 Expenditure: Profit _ar.d Loss: Call. .Of. Capital: It vas reported that stocks of fibre on hand have Increased from 1454 to 1601 short tons * over the last 4 weeks. There ere still 1250 tons of fibre to be shipped to America-for..'. Johns Manville up to the end of this year providing shipping opportunities can be obtain ed which are satisfactory to the customer.;. The. first vessel due to.leave Fremantle for America * will be in September when ve hope to arrange to ' lift up to 500 tons and the balance as soon as possible thereafter. Other orders on. hand for. * delivery this year total 250 short tons.*. .^ ** \ * # # Details of expenditure disbursed of 68>&53 for the four weeks ended 16th June, were.-;. .* _ tabled and approved. Receipts for the'period * 55*2 were 52,471 (Fibre Sales 31,916 and " * <g Sundries 20,553). \ ;'.2*o ."'.on The Profit and Loss Account for the four* weeks ended 16th June, vas tabled and showed that * . , o 2 the estimated Watt Profit, or difference'-' .`73 between the cost of our production and* its. sales value on the basis of 155 per short ton << vas 6>?38. Included in this figure is.a* charge of 4,000 for Depreciation and Rent of ' >S j Hirdd Plant. **.'.J * * .. *.*/g3 * .,** "uO It was resolved that a call of 1/5 per -share ' S (70,633. 6. 6) be made on the 1,000,000 ; g.2. ordinary shares numbered 600,001 to-1,60.0,000 .. cl inclusive making such shares fully paid-and that such call be payable at the Registered Office of the Company as and when required. ISSUS-,Ol Capital: It was decided to apply to the Capital Issues \ Board for permission to issue an additional 400,000 ordinary shares of 1 each.- * Selling Pxifes: Hie decision to reduce the selling prices of Blue Asbestos Fibre as.from the 1st July.was confirmed. These prices now are:- . . * V Grade 1 200) Per short ton Grade 2 160) of 2000 lbs.. . Grade 3 150 Ch FKODUCED'lN MATTER CP HEYS V. MIOAtCO . NO 1161 OF mi AUSTRALIAN BT.TTF. ASBESTOS LTVITEO Minutes of Meeting of Directors held at.No.l Bent Street, Sydney, on Wednesday, 5th August, 1953, at 10.0 am* Present: Directors: Messrs* K*0*Brovn (Chairman),' J*A.Blaslie and M.G.King# In Attendance: Mr*.H.R.Brennan. Minutes*. Managers flftEPXls The Minutes of the Meeting of Directors - *. held on the 7th July, 1953, were confirmed and signed* The Managers Report for the four weeks'**' ended 14th July, 1953, was tabled* EiQdus.Slga Sales and StSSte* SgpgQllture The following details of Production, Sales eta. for Blue Asbestos Fibre were noted. Production Sales Stocks Value . 360 short tons 100 1863 * * 6280,354 Details of expenditure disbursed of 57,948.' and 30,476 for the two weeks ended 30th June and 2 weeks ended 14th July respectively- were : tabled and approved. Receipts for the - ' I. period were 35,444 (Fibre Sales 17,184.' and Sundries 18,260)* *; Profit .and Loaa: Capital Issues; Capital: The Profit and Loss Accounts for the two weeks ended 30th June and two weeks ended ? 'V' 14th July were tabled and showed that the estimated Nett Profit, or difference between the cost of our production and its sales- value on the basis of 150 per short ton*. was 2,429 and 8,333 respectively* Included V-. in this figure is a charge of 2,000 and - -V,* 2,150 respectively for Depreciation arid. Rent.. -* of Hired Plant* * *;- No written reply has yet been received from Capital Issues Board to our application for the issue of 400.000 -shares of 1 each.. Mr.* *v Levy of the Capital Issues Department, Sydney, uo o has advised that approval has been granted foV*r the issue Vo.f W50V,,W0W0W0 SshUaMres Wo*f fc1X feftaUcUh iand that approval for the balanve viz* 350,000 S*>'>rs*nw: 1 shares has been referred to Canberra*- * -sJY-3 )Ti ^V-5 It was resolved that a further issue of v. Capital to the extent of 50.000 shares of 1 :S4' each numbered 1,600,001 to 1,650,000 ihclusi*' be made and that such shares rank pari passu in all respects with the ordinary shares, forming part of the original capital of 'the Company* fo5 =*-a2. is 8 It was further resolved that such shares-be offered to The Colonial Sugar Refining Company Ltd. and if accepted that they be payable 2/on application and a call of 8/- per share be payable on or before the 28th August, 1953, and '' the balance in calls of such amounts as the- * Directors may decide. Chairman -- -- APSTRAUfiH BLUE ASBESTOS LIMITED PRODUCED IN MATTER OF HEYS V. MIDAICO NO U61 OF 1987 Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Tuesday, 1st September, 1953, *t 10.30 a.a. Present*. ' Directors: Messrs. K.O.Brown (Chairman), J.A.Elmslie and H.G.King. - In Attendance: Mr. K.R.Brennan. Minutes: The Minutes of the Meeting of Directors held on the 5th August, 1953, were confirmed and signed. Manager's----- The Manager's Report for tho four weeks ended Rewort: Uth August, 1953, toas tabled. . Production Sales and Stocks: The following details of production, solas etc. for 81ue Asbeetoe Fibre ware noted. Production Sales Stocks * Value 373 short tons 54 " 2172 " 375,800 (at 150 perrftort ton) Expenditure: Details of expenditure disbursed of 89,393 for the four weeks endod 11th August, were tabled and approved. Receipts for the period were 27,012 (Fibre Sales 8,532 end Suwiries 18,430). Cost and Selling Prices: Explosives Reserve: The estimated Cost of Production and Selling Expenses tor the 4 W.E. 11th August was 137.26 per s hort t on fob Fremantle compared v ith the cost perahort ton to date this half year of 136*97. The present selling price of No.3 grade is 150 per short ton fob Fremantle but it is evident tliat, because of the market position, this price will have to be reduced shortly, faing to low sales stocks of fibre increased during the period by 319 tons. It was resolved that "Surrender of lease (or Mining Tenement)" for the surrender of Residential tease No.2 situated at Wittenoos in the Vest Pilbara Goldfield, be signed and sealed with the Company's gsgseal and Kr. K.R.Brennan was authorised to counter sign the Surrender Capital Expenditure: : Capital Issues: Cflpltnl Offer of Shares: The following Capital Expenditure was approved. Form Ho,173 - Mine Trucks Form No.179 - Cleaning trommel, hammer mill and fines conveyor. 900 700, Approval has been received from the Capital Issues Board lo issue 400,000 shares of 1 eacnvithin a period of six months. g .Sis *8 e u.9. ~ SCC 'gSo pO sa In view of this approval the Chairman authorised the 0* u Secretary to offer in terms of the Articles of Association to Lionel Chryeotile Asbestos ?tyLtd. and West Australian Blue Asbestos Fibres Co.Ltd. the shares t> which they would be entitled in the issue of 400,000 shares. Both these Companies have now indicated that they do not desire to take up the shares to which they ere entitled. Allotment oi Shares? Visit to Wittenoon: produced in matter OF KEYS V MlDALCQ NO U610F1987" It was resolved, that the 50,000 ordinary shares of- 1'numbered 1,600,001 to 1,650,000 Inclusive-be allotted to the Colonial Sugar Refining Company Ltd, in terns of that Company1s application dated 5th August, 1953. The Managing Director stated that he would be visiting Wittenoon during Mid September. /./*** ' Chairman, Produced! iniurv C2se:.j;;;r.. - 3S!r- i " AUSTRALIAH BLUE ASBESTOS- tlMTTEP PRODUCED (N MATTER OF HEYSV. MJDAtCO. NO 1161 OF 1967 Minutes of Meeting of Direotore bold at Ho.l Bent Street, Sydney, on Thursday, let October, 1953, at 2.30 p.m. * . Present: . % HinQtee: __ Directors: Mosers. K.O.Brovn (Chairman), J.A.ElAalle and H.B.Brennan (alternate*' Dlroetor for Mr. J.L. Tucker) - The Minutes of the Meeting of Directors bold on the 1st September, 1953, were nfirosd artf signed. Manager*e Reporti The Manager's Report for the four weeks ended 6th Septeaber, 1953, was' tabled. Production, Sales md Stocks:' figures for Blue Asbestos fibre for the four.. weeks were} * Production 363 short tons Sales '50 * Stocks at 8th Septeaber 2464 " " Value 372,300 Froa 8th to 30th Septgaber, 625 short tons were sold and shipped overseas. Expenditure: Details of wpendlture disbursed 6f 56,824 for the four weeks ended 6th Septeaber were tabled and approved. Reoelpte for toe period were 27,992 (Fibre Sales 7,865 and Suidrlea 20,127). , Cost and Selling Prices: The estimated Cost of Production end Selling . Expenses for the 4 V.E. 8th Septeaber was 134.19 per short ton fob Freaastle coopered - . with the o ost per short ton to dite his half year of 135.58. < Annual Meeting: It vasagreed to hold the General Meeting ... on Tuesday, 27th October, 1953, and the Secretary to notify Shareholders accordingly. Secretary: The Meeting oonflnaed the appointaent of Mr. F. Millington as Secretary of the Company in place of Hr. A.R.Johnston who has rasigned' end It wasegreed a letter diould be sent to Mr. Johnston thanking hio for his services as Secretary. S\ '. Chairman, UJA8H f MqciMSgggas; AUSTRALIA}? BDJE ASBESTOS LIMITED Zfs rn,w"UJO NO 116) OF 19&7' Minutes of Meeting of Directors held at-No.l 0* Connell Streot, Sydney, on Tuesday, 27th October, 1953, at 10.0 a.a. present: Directors: Messrs* K.O.Brown (Chairmen) JA,Elaslie and M.G.Xing. Minutes: In Attendance: Mr* H,R.Brennan, l The Minutes of the Meeting of Directors held on the 1st October, 1953, were confirmed and signed. Manager1 g --She Manager's Report for the four weeks erded Report: 6th October, 1953, vae tabled, . Production- Figures for Blue Asbestos Fibre for the four ; Salea.and weeks were: Production Sales Stocks at 6th Oct, " value 323 short tons 645 8 2162 8 324,300 Due to a ales of 645 short tons during the period stocks have decreased by 322 short tons. Expenditure: Details of expenditure disbursed of 83,227 for -the four weeks ended 6th October were tabled end approved. Receipts for the period were 96,134 (Fibre Sales 74,845 and Sundries 21,289) Cost end Selling Prices: The estimated Cost of Production and Selling. Expenses for the 4 V.E, 6th October was 138.78 per short ton fob Fremantle compared with tie cost per short ton to date this half year of 136,67, , Capital The following Capital Expenditure (being part of the planned gradual development) was approved. Form No. 180 - Tailings Bln, Waste Rock Bin, Field Collector, Fibre Storage . and Roof Extension 5,750. Accounts. Report and Directors Report: The Balance Sheet and Profit and loss Account for the year ended 30th June, 1953, together with the Auditors Report thereon and the Directors < Report were tsbled and approved and the Balance - Sheet and Directors Report ware signed. Chairman. 10.90 Mid ct NJ g>0--nil atmt, 2Ttt 1959* at produced in matter HEYS V. MIDALCO NO H6I OF 1987 Mmtam Man. tJK IfcBn'ilttJLtnJ, JO. IMU aal ICO* *r it* fra^ *f* an lalH iMMi Nr. UU // !L \ *- ' , . PRODUCED N MATTE HEYS V. MIDALC( NO mi OF J985 aUSTRALI AW BLUg ftSBRSfQS_XIMI_TJLD_ Meettn'f'Olr'ectori held at No. 1 Sydney, on Tuesday 24th Nov* ember, 1953 *t 3 Ezass&li Directors; Messrs.K.O.Brown (Chairman), J.A. Elmslie & H.G.King. In Attendance! Messrs. H.Breakspear, A.C.Higgs & H.R.Brennan. .> Miwitg.g? The Minutes of the Meeting of Directors held . on 27th October, 1953, were confirmed and s$.gne- Managers BftggXS: Production Sales and Stocks; The Manager*3 Report for the four weeks ended 3rd November, 1953, was tabled. Figures for Blue Asbestos Fibre for the four weeks weret Production Sales Stocks at 3rd Nov. M value 314 short tons 324 u 2153 * 322,950 * Expenditure: Details of Expenditure disbursed of 87,795 ` for the 4 weeks ended 3rd November were tabled and approved. Receipts for the period were ' 62,922 (Fibre Sales 62,582 and Sundries - 20,3^). Cost and Selling fispeims* The estimated Cost of Production and Selling Expenses for the 4 W.E, 3rd November was 143.73 per short ton f.o.b. Fremantle compared with.the cost per short ton to date this Half fear of : 136.12. Increased cos.ts during the period-were mainly due toi 1. toss of Production due to fatality In mine. 2. Build up of stocks of ore during last .half of period 3. Worn rolls during last week reduced output. Mins Accident; The Manager reports an accident which occurred In the mine during the period resulting In thedeath of one man and serious Injury to two other At the inquest held the verdict was accidental death and no blame was attributable to the Com pany . Water Supply; According to records kept by local station thepresent dry spell is the worst yet experienced In the area and the water supply problem Is be coming serious. It was agreed that the suggest ed two wells should be proceeded with as soon, as possible. Bill of Sale Mr.Maff: It was resolved that the Memorandum of Satisfact- Ion of Bill of Sale for Mr. Kaff be signed and sealed with the Company seal and Mr .H.R.Brennan was authorised to countersign the Memorandum. Produced in n-rnai /6c^7Js 21* Chairman. PfOCiU(JfedO s Injury in ** iUl ' /*t'*"*"  AOSTRALlAH BIfiE ASBESTOS LTD PRODUCED IN MATTER OF HEYS V. M1DALCO NO 1162 OP* 1987 Minutes of Masting of Directors bold at Ho.l Boot Street, Sydney, on Tuesday, 22nd Deoeaber, 1953# at 20.30 e.m. Preaonti Plreotors: Messrs* E.O.Brown (Chairman)# J.A.Ilmalia ud M*0 Xing* Xa Attendance: Messrs* A.CRigg* and S.R.Brennan. Mlttutesi Tbs Mlnutos of the Meeting of Pireotors bold oa tbs 24tb Morsaber, 1953# were confined and signed* Manager*8 Raportt The Manager1 e Report for the four weeks ended 1st December# 1953# was tabled* Production, Sales and Stockai figures, for Plus Asbestos Fibre for the four weeks verst Production Sales Stocks at 1.12*53' Talus 338 short tons 194 1 * 2091 '* 313,500 . . ------ Sales Orders: Shipment of all outstanding orders for fibre for 1953 bare now been effeoted v ith the exception of 20 tons for Minerals Fibres* lbs present position is regard to 1954 is as follows: Advice hae been received froa Johns Magvtlle that feey will require 2000 tons of Ho*3 grade end probably an additional quantity during tbs latter half of 1954. Ve hare quoted thea A230 per abort ton fob Fremantle and are now awaiting their fire order. In the meantime they bare instructed us to ship to America 300 tons by the "Pioneer Beef1* in January Minerals.Fibres. There Is still the balance of an order 1*. 60 tons outstanding for ablpasnt in 1954. In addition Minerals Fibres have intimated that Universal Asbestos Manufacturing Co.Ltd. are anxious to obtain 600 tons of our Mo .3 grade for delivery over 12 souths, but ere not prepared to pay acre than 4122.10. - par short ton fob Fresantle. In rlew of the possibility of regular business froa this Coapany Minerals Fibres bar# been advised that this order would be accepted at that prloe, which includes 55 commission to then. Our regular selling prices of Blue Asbestos Fibre fixed for 1954 sre as uaders Grade Mo.l 4170 (per short ton Grade Bo.2 4150 (net f.o.b. Grade Mo*3. 4135 (Fresantle. The above prices include 5% oossieelon to our Agents, Minerals Fibres and Carters ltd* if the fibre is sold by then in their territory. Expenditure: Details of Expenditure disbursed of 61,570 for the four weeks ended 1st December were tabled and approved. Receipts for the period were 58,634 (Fibre Sales 39,509 and Sundries 19,125). Cost and Selling Expenses: The estimated Cost of Produotlon and Selling Expenses t>r the 4 V.E. 1st Deoesber was 142.08 per short ton f.o.b. Fremantle coopered with the cost per short ton to date this half year of 138.84* Mi of MbofcUftf Plrwrti-- Ml at laU. 0*0aamll stmt* <m VitaalMr^ 131h Jvmrrt 1954# 3* P.b. Dtndom Hbbbtb. JUO. am (fhtimii), ;a mu ud iuo. Bar* la t-hoso# iC aad Mintrtjfi tb* Mtefeat of tba HiatUr of Mroatcra bald oa tbo 22ad Dwatar, 2953# vow trniflraad snUa4> It voa miM that a oall of 10/- por aba* *ta nb ob tbs 50*000 aHacr teM uaUiail 1 600,001 to l,690tOOolESm mkiac meh dm folly paid aad that aaeh aall bo dot aadpopabl* attba Baglsfeavad Offlna of tba St vm figth-- wantrad tfcad as iaooa of Coital ba aafta totha ostaafc of 100,000 Maroa of 1 Mk nrtnil 1,650^001 to 1,750^000 iaataaiaa aad that aoofc Mara* nd post paaaa ia all saoMato with tba lallMT dnw fondat cart oftta arldaal Coital of tba rwyatyjT St aaa oeaod that nob irorw Aoold ba iiff ii , ta tta CoIm&bI Star BaflsLac Co**r *. aad ' ta papabla par abara oa qylloatlap aad V,, par dMra on alletaaafc and tba halaima ia oalla . of goat aanuriU aa tba Dlraotora mr toolda i C 0854 ifrmi MiaoU* of Maatiaf of Directors bald at Jfo*l 3'Connsll Straat, Sydney, on fiaidiy, 19th Jaaarjr, 1954, at 10*30 a.*. Prwwfci Diraatera, Hours &.0Jfrwm (Chalnan), JU.lulia aad X.G*Ilag* Im AtUadaaeei Hr. HJUBreaua. ***> Cm MazUa of th Matting of Piraatora hold oa.th 13th Jaaoary, 1954* vara ooafirwd uA algnad* H*itaAcWa Rapert for tha four vooka oadad 29th Daaoabar, 1953, vu tabled. TigB-- for filaa Aebeetoa Fltm for the four veeka Woduatlan 344 abort toaa Cm Hoafcs at 29*12.53 Vela* 330 e.toa 021463,3360 (prettaulj yaloed at 330) fttra for vhlah thlpunt baa baaa amagad to Johaa tkasilla aaomiia to 60O toaa aad 40 toaa to Mlaarala ftbraa. Saendltarei ftataUa of &qsdltara diebarsed of 56,399 for tha tta* vaaka aadad 29th Doetabor vara tabled aad approved. tMityta for tha pwlod vara 66,126 (fibre talee U2iS3T ad tadrloa 23,594)* ittiaaUd Oort of Prodaatloa aad Bollix ftyoueo 4 Vt* 29th Doooabar, vu 131*31 par abort ton f*o a Trouirtla eo^wrad with tha eort par abort tor ta ta thia half fear of 037.06. that tha 100,000 ordinary asm of 1 1*650,001 to 1,750,000 iaalsakat ba ta lba Colonial Sugar Befitting ftn^iy ltd. of that CruasQ^a applloetlen datad 14th 1954* Chainaa* C 0855 C 0856 ttatof of MmMK r Directors bald t So*l O'Conall anst, sjm* m x&tfc rtomrr, 1954* 3U5 p.a. JSUUk% Diroatna* Hji,it,CT fJHUO-4Jaroinm*(sCjchiaalgrn, a), la attoadaaoot Mmsts* l*CJUggs aad G*B. Gooch. jbo Wwtoi of the Moatlag of Dlroetcrs bold os tbo 19th Jamsry, 1954, nre eoaflxaod aad <- The Ibinfii Rspnt for tbo four vetaa ended 26th Jaarr, 1954* tfw tohlod. 2BteHs Figvn Ar Blao Asbestos Titos for tbo f00 mh 3B Of t*7 {MrttM qi-- 3taaka at 260.54 Taint 324 abort torn 40 * 2707 351*910 Solos teiag tbo parted of 5,691 mb* nail tat It aa antlrrfpotod that proaooda of atloa for tho ast Am wta raid aaoot to appra*. 55,000. Ootalla of Expenditure dlabvaod of 51,444 for tbo fom voaks oodad 26th Jaamr? vara tabled aad approved, naoortpta fbr tbo ported nor* 22,238 (Tito* Sales 5,691 aad Sodrloa 16,597). Ao oatiaatod Coat of Production aad Soiling r^onooo forth* 4 V4. 26th Jararr ra 24106 par abort ton f>o4N rp--nno obp^ with tbo oo*t par tart too leattolf jreer of 337*06. A* coat par to* tan as iaeroaae of 10Jt5 over the prstoM* pariod natal? do* to tho foot that tbo first half of tta earat porlod was advarealy afftatod to Itoan troubles onr tho Zaaa porlod. for tho half yeer ended 31st a laaa of 15,220.16. 5 tabled that a aall of 5/- pm tarn ha 100,000 Ban* nrtooril 1^50,001 to 1*750,000 ag oh ohara* paid to 7/- par abas*, call to do* aad peyablo ot tho Offloo of tte Camaogr as aad ton roqulrad. no fnllnalnt ftpltal Epaadltare snffrsvsd. fan toJ5 - Cuuseym * Sorapor Baton 815 It ms raaolMit that gjppooal to givenJbr tho follostag plaat ton imrohaaad to to hired fra A* fnTnotlol Sugar toftirtng Coapaay ltd* fora I0J84 - Sloataele Motors 850 fmm Jtal85 - Ccmeper k aoropor Haalar 4921 '& \ !2 Ttm lull mu jtafrt had raterad to tfaa IkBftff Band tho riaiap aaeiMtnad to tbi idattoe w>-- IttAadMtU, bat that m data had ywt 1 ftp tte amiory. -f Rotes ftf M**m Unrtrn hart ct SoU. O'ObmII Stoat, W Tnartiy* 164k tenfe* 1954, at 11*30 a*a.,' amaAm Bran (Arinas), JU.Bklte ad U* Use* f rtlnHni fe,U* As Marta* rt tea MaMac T Disasters bald on tea 16te Mhb7 9S4 * nirtlnrrt ud Heart* tea Moaote fort* teo oaks rtrt WMmr 1954* im trtlrt. IXnat frt KXaa lateatoa Krt ftr tte Irtmb Steaks at 23*2*54 Talas 332 tat ** a*an * O4M0P Zt Is trt 500 M teas f fitea villbs^aklpprt^te^Jotes willi^tertaetertl* Bm--diti-- of kipartlturs dabart sf ftr tea ftvvaksoM 23>d Fdnugr warstaUrt art iffasai. It was prtrtrt art tea* Stem tertlter maul ftr tea ported at k. ZSac *"a aSkrt te abate tte liteHi teartrta ftr tea poiai oa 82*405 CUtea telaa 62*460 at *bMm 29*945). Ihs rttafti Oort at rrnrtatlna art ^aoi far tea 4 VS* 23rt Mart as 147*25 pa teat ter fAh*.lftartli n^ml rtte tteaert pa tear* t< te rtte this rtir jaa f XCU64*~; Itas laMttal a sail at 5Apa rtoarts* ft^rtteirtrti paidts 12/ paOars* art that sort sail bs tea sat papahla rt tea Battatevad Qfflaa tf tea Ceru y %* * 0858 Mart-- of --K of Dirwten bold it fa*l nn--VT cj ItafT)---- TTilwiiy* 14-- iprll* 1954, at 200 pA m---- * IA aw-- (Ch--)* i wn;, Siitlialmnn Hr. 01 Sooak* of tho --olMh MM, 2954* of Mrootcr* teU on MfM od dpM* UyMr*t Attavr4! a--rtfor taw fovvuta BT 239* Xo--* 1954, on taUod* far B2-- V- ftotetifli Fib-- for tho tear --oka it 23004 Total 20 to-- valoo 2994 --ro oold oiltia a--lotpatod tan 60*000 UX bo 20* ipcll* B--BtattUP flatalla of Bpoailt-- liahmd of 99*390 for tho 4 v--ks oodod 23rd Monk mm UUd oad iwraiid* Bo--dpto for tho priod -- 21*737 (FlUo Sol-- 2*994 oaf tatariaa 32,70). Tho o--1--rlod ooat of pgfluotl-- oad --nine wp--n for taw 4 VJE* 23rd tank -- 345*59 per --art tar f--h* F--a--Lo oaqpaod with tbo ooat to doto of 344*95* It -- i--1--it --act o aoll of 2/6 --r taw--oiot , ^oca*tTl/^MO Uote--f--or-- ^ paid to 24/6 pr -- oad that o--h --11 bo 4- tad p--ahlo t Ifao --flat--d off&ooof taw Oea--roo o-- --oa i--dxod, IgUt ^Bl It----oftrodtawt -- o--tlflaato lo*33 for / /;1*000>000 ----aa a^--a4 600*0OLto 1*600*000 bo ir--aaod oa fo23jr paid* r It vu farther----A--d that tho fbUoviag taw-- --tlf&oatea tatla--A la taw aww of lho Oolealal V jEu*--r. 50*609 xS fblir p / *>05 for 200*000 z 1 taw-- 4 ft-i--a a--1-- 0*1* Qo .ho o--caJfD oa----otftfSaotoo* l*690*0ttte 2*750^000 vital'--a _ fer --o fhUaaUtas to ho hi-fi-- taw bA--*t if* x% *? 1 Fori 1*600 -1*220-^- JdBBF 4*720* JZ m----* ted> 4 * Uzaatm bald at feu. Bn* Stmt, V 22tb Mgr* 1934, i930 ao. af Dlml|p Mar*. HABU (OMdxu)v J.iJRaalla ad HJJhMt (alfenata Oirwtar for # >fe\ J*W Taskw). ^jtr *rU* **12, 1954* of Bteaatora hld a* aedtei ud nTfd Qm. Nnncm*> Ba^art for- tha fiwr wih ecidad 201> *prU> 1954, m tariad. far B2w lafiattua fQn far th* foar nh sStr**** Moris at 20454 Talaa 130 3267 424*720 *** * Slaaa It* 20th 1*12 -^r~nil t4*m^ 440 tow MM^IrMadMuir "* 40 l--'M mini irrifirri ............... irm.tmr to* * i i aris oM aoth ifdl wo tablad ri aggrooad* Raaalyta far tba pvlaft wra 20,749 (TStoa 8alaa 2,991 ad friWio 27,758) C 0860 of MMtlaB of OSzwtoors bald at SoU. Boat 3ydmto VMnoter9 264k Mr, 1954, at 200 pj. KjuoarC jqjaMi a ftjr M* J*U V^yoaiato^9^001mSoSo A^kSoMoA to tta Coloatal Sopr Bofladay C^poy &ti im 5/ v 3994. Tha oUotMot aongr doa la !/ obsro vis.' 10,000* Zt \oo Mtf swM that t call of 2/via* 20,000 to aa oa Ito 200,000 dan 1,730*001 to T4gywo liwhloo ooklar mi ' , , paid to 4/-pMnaadttatmk oolite S f payafela at tte mlitiirt offtoo of tte L Lr!K u/L >Hl'` C 0862 vr*--* M.Tnr.tJT, M>--M T.TWfHL HKflatOa Itmt! a# Olraetore Md at 1 Beat VHMi^r 9th JUae, 195V *4 9.3B*a*a* Oi^wtora* K0* Clof (la chair) 4*4* Baela * II* Inmk (altamata director fte Hr* J.W Tucker) tea mt tha 1954, v of Director* held oo the and *rrJi teaort ftr tha four mki ended Hqr, 1954 vaa t*>M. far B1aa Adiartaa JIbr* for the four vafea CaBLAuM fto the 344 dart tone 446 * * at 12.5*54 31tt **3aa *01*040. OaSM Ar the period included 444 dart toaa raised at 971436 to lacilaa aa accent of' Mbs Ihivilla 4a *Mrki. beer received tea Gortara Mi aada% Stet'ha period far 55 dart toaa at 135 for deli Datalla of Expndltare dlatareed of 86,99? for tha 4 vaaks aadod IBth Ikf vara tabled cad approved* t--elpta far the period were 80,061 (fibre Seleo 62,42) ad ftnflrttOn 17,60* Tha cattaated eoet of pxodetlca aad palling for tfea 4 V* lOtfc *? vaa 046*92 dart tea f*ob vlth the aopt to date of 14427* I*W* reoolved that approval be glvca ftr the ifelloirfar pleat vhea ptnfcaead to hr hired ffnitbe Oeleolal Saaar Baafjlisablaqrf CCo. T4i, So* 187. Inatallation of oeatrlfhfal pomp 90 4 TM fUlavlag Capital acpeodltore vaa approved Am *o* 187* Inatallatioo of centrifugal poap 150* 05r,a0e0o0lTehde that aade aeafuthreth2e0r0c,0a00ll of 3/6 aharoa per dare sabered .001 to 1*950(000 taelnalv, arting aid aharea to 7/6 per dare aad that aod> oall ha dua aad at tha Mflatarod Office of tha Coapaor ** cad reqolred* ^BTRALTAy 3IFF ASSBSTOS LIMTIFD. 'Minutes of Meeting of Directors held at ?To. X lint Street, Sydney, on Wednesday, 7th JuLy, 1954, at 9.20.a.-. re sent Directors* Messrs, K. 0. Brown (Chairman), M, 5. Sing, J. A. Zl.tslie, In At.endance - Messrs. A. C. Higgs and H. I. 3rennan. Miiutss Ihe minutes of the Meeting of Directors held on 9th June 1954 were read, confirmed ant signed. Manager* s .'.eoort. Ihe Ifenager*s Report for the Four weeks ended 16th.June 1954 was tabled. Production Sales end Figures for Blue Asbestos Fibre for the 4 weeks were: Production Sales Stocks at 16.6.54 Value at 025 per s/ton 323 short tons 44 " B 3444 " rt 430,3D0. Xt is anticipated overseas shipments totalling 360 tons will be made in July. An order for 55 tons was cancelled by Carters Ltd. Ix-snditure Details of Expenditure disbursed of 290,671 for the 4 weeks ended 16th June, were tabled and approved. Receipts for the period were 24,177. (Fibre Sales 5,625. Sundries 18,552) jer-lzz. -xoenses the estimated cost of production end selling expenses for the 4: weeks ended 16th June , was 151.54 per short ton f.o.b. Freemantle, compared with the cost to date of 145.43. Issue of. ^ Capital It was resolved that a farther call of 2 per share vi2. 20,000 be made on the '200,000 shares numbered 1,750,001 to 1,950,000 inclusive, making such sharee paid to 9/6 per share ana that such call be due and payable at the Registered Office of the Company, as and when required. Overseas Labofly Ixacnses It was agreed that of the credit balance of 4,672. 8. 4 appearing in the Oversea* Labour Sxpensea Account, 2,531,15.6 be credited to the Profit and Loss Account, 47.14.6 account A. Seramandi be written off and Zambotti be paid 137.10.0 . It is estimated that the credit balance then left in this aecountvia 1,955.8,4* will be sufficient to cover doubtful debt*. Every effort however, must be made to collect the amounts owing for fares, etc. Memorandum of Satisfaction Bill of &* / It was resolved that the memorandum of satisfaction covering the Bill of Sales on the loan of 700 to G. H. Maff be signed and sealed with the Company Seal and Mr. S. R. 3rennan was authorised to countersign the nemorandua* mBTUtLIAit 5LPE ASB?STn* Wj] Mliutes of Meeting of Directors hold at So* 1 Sent Ttleet, Sydney on tfednesduy, 4th August, 1954 at 9 .JO* a.a. Present. Directors* Messrs* 5*0* 3rvn (Chairman) M.G* Sins* J. A. Elmslie. In Attendance. Messrs. A.C* Hlg-s h H.R. .rennan* virait** me minutes of the Meeting of Directors -.eld on the 7th July, vere confirmed .nd signed. Kanagart Report The Manager's Report for the 4 weeks ended 13th July, 1954 was t. Bled* ?rodngt.i -n ralag ; Stocks- Figures for Blue Asbestos Fibre for the 4 weeks were - Production 738 short tons Sales 12 " n Stocks 13th July . 3661 " " Stock Talus 9 125 per short ton* 457629 Zt Is anticipated overseas shipments totalling 220 short tons, to a value of 27500, will be made in early August* So orders were received during the period* gruew/ji ture Details of Expenditure disbursed of 36759 for 2 weeks ended 29th June and of 32020 for 2 weeks ended 13th July, 1954 were tabled ar.d approved. Receipts for the 4 weeks were 69,179 (Fibre Sales 15613, Sundries 18306 & Capital 35,000) ficUlr.g- The Estimated cost of production and selling expanses for the .7 weeks ending 29th June. 1954 was 186*55 per short ton f*o*b* Freenantle conpartd with the cost from 1st January to 30th June* of 144*67* The estimated cost of product* Ion for the two weeks ended 13th July was 153*84 per short ton fob* Freeman tie. XSSMfi ,fl* It was resolved that a further cell of 4/- ^er share viz* 40,000 be aaae on 200*000 shares numbered 1,750,001 to 1,950,000 inclusive, making >Wy/S such call shares be due paid to 13/6 -ar share and that such and payable at the Registered Offlee of the Coapany as and when required* the Prices of Blue Asbestos fibre have been reduced as under* Tn -faiatyalla Krou Jul"l954 2a Grade 1* 170-0-0 150-0-0 04B# 2* 150-0*0 140-0-0 Freesan tie 3* 185-0-0 180-0-0 I'M eash against fflg-QRX On all fibre shipped 9& froa Freesantie as from 1* 170-0-0 1st October* 1954* 2* 150-0-0 3* 135-0-0 ddeusents. 1&0-0-0 (ditto 180-0-0 110-0-0 l * p- .a V h { k ATTRTB1T.TCT BT.TTR TVS LIXXTVP. a.of Meeting of Director held at Mo* 1 Bent Street, on Wednesday 1st Septfc>er, 1954 at 10*45 a*n*. Dlrectorsi:Messrs. 1*0* Broun (chairman) J.A- Elsslle HR* Brennan (alternate director for 0. J*L. Tucker*) file Minutes of the Meeting of Directors held on 4th August, 1954 were confirmed and signed* fiLe taager's Report for the a weeks ended 10th August, wire tabled* e+ Figures for Blue Asbestos Plbr? for the 4 weeks were*- Production SalesStock* 10th August Stock Value 125 per short ton 357 short tons 280 * 3737 * 467,125 in order for 1 ton each of Grades 1 & 2 was received, fra* Tuner & Mewall during the period* It Is anticipated shipments during September will total approx 142 short tons to a value of 18,500* KBffldl222fi.*Detmlls of Sxpendltore disbursed of ,84*288 vere tabled and approved* Receipts for, the period were 764620 (Fibre Seles 41*771 Sundries 17840 and Share capital 17,000) . CoaLJt f-Wmtmne*. file estimated cost and Selling Expenses for the 4 .musks- ended 10th August, 1954 was 141*09 per short tenf*o*b Pmantie compered with the coat to date fcm 1st July, 1954 of 144*77 per short ton f*e*b* Ptaamtle. It was resolved that a farther call of Capital of 4/6 per. share: (vis* 45,000) be Bade on the 200*000 skarea numbered 1,750*001 to 1,950,000 Inclusive IrakiTig ndi shares paid to 18/- per share and that nehreall be due and payable at the Registered, offlpe of the Company as and when required* resolved that an Issue of Capital be nade to t of 50*000 shares ;of -l. each zmbered : to 2,000,900 inclusive and that such rank parrl passu In aU respects with the shares forming part of the original Capital Company* It is further proposed that such be offered te the Colonial Sugar Refining Co* i^VM*reselvod that-an extra-ordinary General Meeting Ib'heldiaaneth September* 1954-t?eoaslder aad4 J1t to pass tte followiag^ResoJtitieK a*3r- kesolutlon ^ the-Capital of fee Company be Incraegnd. to >000 by the crem||o& of 1*000,000 kiifttional ryr shares-of 1 eech and that such ^shares be i*et such tine and to such, persons, upon sun. rand conditions abd with sedfexights and tea aa.the drentors shall firom time* t&. time but sublect^a all resmtets to the1 .. ,of-Aseeelati**<bf" theC0gPy* '';V- >*s sv:<j- Chairman*. mmtm af Matt* of Oiiaot-- bold oi * * Q'ComU Stroo* sp-v os vum^ 27tb .' ** mi (miiT--> IA Uag 6 ** Z2BflU% la oil BA of tbo MK.19S4 Raport for bald os 5tb Oolabor Tba fblli--lag u% tho la tba "nnm,i u 132 1 Stadfea at 51b Oatobv 4216 StMkVaha# 025 par M taa 4S*000 Staak baa-- by 17^ Mari ton*--Hag tba 4 waafcib TSo oadoaa fir fSbro tarao bm raaodrad dartag tba parlodL ?ba THlt< aorta aauiag >p--o-- f-r tba irnm mm 5tb Oototor aoa U**2 PM Mar% tor f.QA Ih oo^arad vHb tba aoat to dad* fna lot Jolftltti of flfUOO p --art now ftQA fra--tlag It mm r-alaai tbot tba 5*000 aboioa wbaao* *95*001 ta 4000^000 Inolaataa bo allattad ta tba (Wirt Sipr dTt--Cfde altirdabla--tacaa of tbtt Cav--*o --ora n!rttor1rooal--1that o ^^fl^^L<5S^S5oOl4 bo --da oa tba d-raa a ill fit ta *00*QQ la--a--va -tti| --b ---row padd ta par fan d tbab n--aU ba daa oad rayhla at tba Kagtalarod affSea ttakaf 20*000 tfaraaoffl od tbot oltb tba ordb--x capital of tba ____ vttb tba aitt--aa of ada to tbo *00*001 ta tba Qpl--oo --aat %ad PWaflt b --d-- 30tb JM%1954 tagatbar vltb tb-- aad tba Diraotara -- tba atatai that laarlag ftw olll C 0867 2jed lit 71# a# af 2954 a tiWrt. teM ttKU tea* StcsM, Sf*m CO. iitm (teliann) X.^ i -3a*U* af ^iMtan teld m 2401 4 mA 40Uri far 4 vaste Ua* ym SalBJJOmJ* ralTaalar srs tte Hems a la tte ctjttfc lateil 025 249 Start 13& 4452 Am* MJiQCtt MaavUls far Mppiy ooatlAaltete a#US#f nr,i -- far tte 4 naa IX9IM9 par abaci tM vltt tte Mtadrti Q44>< P t 4 m*mIm Miirtlr tea* W2*5m tkiarlltf ^ttiIf]^|*ia(iSt M wit <* M a* * pate to 30jrtta allUMuiw^li *t tte v. > -. . C G868 1 -%- telly ttet tteU* 4009 toaa It tea lar datt 2 abite ta m# ttt aa* 3 ttts pirns n M ittaa ta 2ittto ta Jmm^195V aa attest af tt aill ate aat par tea af fitea pcsteaat la 1955 tet 121 ba sateaafe tea sea tea'Catetel Oatfa 112 tt latepad* tel) la apMittey aaafca tea tte law sate -*-a I--r-- ** naa t-- 1 / * \ V 1 1i *.V 1 . CteteM* . ]*+' > * * -- I t rniin kalAatlft* W4ii9.3B m Is. A' I0* Tmmb JJU S1mM% A.C. Xl||> A OA flo* f MiMten^U on CTk M m Am 1b tha 513 Start Tom 19 AMfel, AIDS * Tatel A29 %m 038,000 tte 4 C 0869 { '-ifcV. . fpynumy bibb asbestos jjp. PRODUCES IN MATTES OF KEYS V.MIOAICQ NO UlOF'19&7 -' Minutes of Meeting of Direotor* hold at Ho.l O'Co&asU Street, Sydney, on Vednasday, 13th January, 1954 at 3.0 pm* Present: -- Minutest Csnlteli Directors* Messrs. K.O. Bream (Chaiman), J.A. Uaslit and K.O. King. In Atteataocet Messrs. A.C. Biggs sad S.R. Brennan. The Minutes of the Meeting of Directors held on the 22nd Deoenbsr, 1953, vere oonflmed sad signed. It vss* resolved that s oil! of 10/- per shore be nade oa the 50,OCX) ordinary shores numbered 1,600,001 to 1,650,000 inclusive asking Sueh shores folly paid sad that such esll be due . sad payable st the Registered Office of the Ceapezqr ss sad vhen required* It vu further resolved that sn issue of Capitol -. . be made to the extent of 100,000 shoree of 1 . esoh authored 1,650,001 to 1,750,000 laslustre .. sad that suoh shares rank paid, passu In all respeots vith the ordinary shares foraiag part * .. of the original Capital of the Company. It vss agreed that suoh shares should be offered to the Colonial Sugar Reflnlxg Company Ltd. and'. be payable 1/- per ehare on application sad 1/- r Chatman. ( .i c ^TT9TttAT.Tltt Blog ASBESTOS mgTED PRODUC&WMftTTHRCF' HEYSV.MDALCO ` NO 1161 OF 1^67. Mlzute* of Heating of Direotore held at Ho.l O'Connell Street, Sydney, on Tuesday, 19th January, 1954, at 10*30 a. a* Preaenti Director*! Meter*. I.O.Brovn (Chaiimn), J4*Xlasl* end H.O.iiog* Mlsutegi . Is Attendance! Mr* B.R*Br*nae&. - tbe Minute* of the Meeting of Dire*tore bold on the 13th January, 1954, vere oo&firned end eigned* Manager** Raportt Production. Stocks* Ifce Manager** Report for the four veeke ended ' 29th Oeoenher, 1953, vu tabled* , figure* for Bln* Aebeetoe fibre for the four week* veret * t' Production 344 abort tone . v Selee - Stocks et 29.12.53 2432 Value 130 s.ton 316,160 (previously valued,at 150 fibre for vhioh ehlpaest ha* bean arranged to John* ' Maorille aaousts to 600 too* and 40 ton* to Mineral*. fibre*. . feependliuret Detail* of Expenditure disbursed of 56,389 for the four veeke ended 29th Deoeaber vere tabled and' approved,' Reoelpt* for the period vere 66,126 (fibre Selee 42,532 and Sundries 23,594).. Cost awtj Selling Ercensest The estimated Cost of Production and Selling Rxpense**.; for the 4 W.X, 29th December, v as 131.21 per short ton f.o.b. fresastle eonpared with the ooet per short .ton ; to date this half year of 137*06* Allotment ofShareet It vaa resolved that the 100,000 ordinary shares of 1 each mabered 1,650,001 to 1,750,000 inclusive be allotted to The Colonial Sugar Refining Coopery ltd... in torus of that Coopery* e application dated 14th ; January, 1954* Ohalraan. PRODUCED IN MATTER CF f :* >V/MIDAlCO NO U61 OF 1967 AUSTRAL1AH SUE ASBESTOS LIFTED Minutes of Meeting of Directors held At Ko.l O'Connell Street, Sydney, on Tuesday, 16th February, 1954, At 3*45 pa present, Directors, Messrs. E*0,Brown (Chairman), JU.Elaelie aai M*Q*King. In attendannat Messrs* i.C*Higgs and G*B. Gooch. .* Hinuteai tbs Minute* of the Meeting of Direetora held on the 19th January, 1954, were confirmed and signed. . Manager*a Reportt the Manager1 a Report for the four Veeka ended 26th January, 1954, was tabled* Production 8toeke Figures for Blue Asbestos Fibre for the four veeka vere, Production Sales Stooke at 26*1.54 Telus 324 short tons 40 * 2707 351,910 S*perdfttp Salas during the period of 5,691 vers snail but it was anticipated that proceeds of sales f or the next four veeka vonld amount to approx* 55,000. Details of Expenditure disbursed of 51,444 for the four weeks ended 26th January vere tabled and approved* Receipts for the period vere 22,288 (Fibre Sales 5,691 end Suttlrles 16,597). Coat end Selling . Exponeed - The estimated Cost of Production and Selling Expenaee for the 4 V.E* 26th January vas 141*46 per ehort ton f.o.b. Fremantle compered with the cost per feort ton last half year of 137*06. :< She oost per ton above an Increase of 10*25 over the previous period mainly due to the fact that the firsthalf of the current period was adversely affeoted by labour troubles over the Xmas period. ' Half Yearly Accounts, She Accounts for the half year ended 31st December, 1953, shoving a loss of 15,220*16. 5 vere tabled and approved* *'. Capital, It vas resolved that a oall of 5/- per share be made on the 100,000 shares numbered 1,650,001 to 1,750,000 inclusive making such shares paid to 7/- per share, and that such call be due and payable at tha Registered Offloe of the CoBparqr as and when required* Capital . . The following Capital Expenditure vas q>proved* Expenditure, Form Ho.185 Conveyor 6 Scraper Hauler 815 Plant Hired It vas resolved tbatcpproval be given Ibr the following from The plant when purchased to be hired from The Colonial C.S.R.Co.Ltd.; Sugar Refining Cospany ltd* Fora No. 184 - Electric Motors Fora Ho*185 - Conveyor & Scraper Hauler 650 4921 .-j 3 P .*1 HY$y. MIDALCO OFi ^0*1161 OP 1JS7' 2 tariff Board Ereuiryt Tba Chalraan atatad that tha HL&istar of Cuatoas had raferrad to tha Tariff Board tha quastlon of girifig assistasos to tha Aabastos Fitara isdurtry la Australia, but that so data had yat baan sat for tha ssqulry. <* . + m> C C v" i i --iWu. m j PRODUCED IN MATTER OF HEYS V. MlDALOO -:NO 1161 OF 1967.. AD3TRAUAH/BUE ASBESTOS ITMITB? Minutes of Meeting of Direotor* hold, at Ko.l O'Connell Street, Sydney/ on Tuesday, 16tb March, 1954, at 11.30 a.a. Present, Directors* Messra. 1.0. Brown (Chairman), ' J*A*Elaslie and M.C. ling. Is attendance* Mr. H.R. Brennan* Minutest The Minute* of the Heetlng of Dtreoters bald on tha 16th. February, 954, vara oonflrned aod signed* MAn*pT g Reporti Tha Manager's Report for the four weeks andad 23rd February, 1954, vaa tabled* Production Figures for Blue Asbestos Fibre for tba four weeks Sales and varat / - , Stocks i 'JT Froduotion 332 abort tons .Sales 420 Stocks at 23.2*54 2620 as * Value 340,600 Zt is anticipated that 500 abort tona of fibre ' vlU be shipped to Johns Manvill* during April* Mo orders were received over tba last aonth. Expendlturet Details of ficpenditure disbursed of 94,936 for the four weeks ended 23rd February were tabled and approved. It was pointed oat that Stores Expenditure disbursed for tba period was 31,620 and Mr. King was asked to oheok tba details* Receipts for tba period vara 82,405 (Fibre Sales. 62,460 and 8nndrlas 19,945). Coat and Selling Expenses* Tha estimated Cost efyEcoduotion and Selling Expanses for tba 4 V.S* 23*d .Hxaaac was 147.85 par short ton ' f.o.b. Frsaastla oosparad with tha eoat par abort ion. to data this half year of 244.64. Capltalt Zt was resolved that a call of 5/- par share vis.- 25,000 be nada on the 100,000 shares numbered ' 1,650,001 to 1,750,000 inclusive, asking such shares paid to 12/- par share, and that suob eall be due. and payable at tha Registered Offloe of the Co^axgr-. as and when required* Chairman* v-.d , .* 1 m AUSTRALIA# BLUE ASBESTOS LTD. :*" HtYS V, MiOALQa.-/TtV*. NO ' "x Minutes of Meeting of Directors hold at No.l O'Connell Street, Sydney, on Wednesday, 14th April, 1954, at 2.30 p.m. Preeontt Direotorsx Messrs. K0. Brown (Chairaan) , J.A.Elaslis and K.%.King. In attendance! Mr. G.B. Gooch. The Mimtes of the Meeting of Direotor* held on the 16th March, 1954* vere oonfiraed and aigned. Manager*8 Report! The Manager' a Report for the four veeka ended 23rd March, 1954, vaa tabled. Production Salea_ and Stocks! figures for Blue Aabeetoa fibre for the four veeka ' vere i Production Salee Stocks-at 23.3*54 Value 323 abort tons 20 2923 379,990 20 tons value 2994 vere eold during the 4 veeka aid it la anticipated that talaa to the amount of ' 60,000 vill he made during the 4 veeka ending 20tb April. fccpondituret Details of Expecditure dlahuraed of 59,183 for the'' 4 veeka ended 23rd March vara tabled and approved.. Receipts for the period vere 21,777 (fibre Sales 2,994 end Sundries 18,783)* Coat and SeUlog Expenses! The estimated cost of production and selling expenses for the 4 V.B. 23rd March vas 145.59 per abort ton f.o.b. Fremantle oospared with the cost to date of 144.95. .. Capital! It vas resolved that a eali.of 2/6 per share vlst 12,$00:be made-on the 100,000 shares numbered 1,650,001 to 1,750,000 inclusive making such shares, paid to I4/6 per share and that such oell be due and payable at the registered office of the Co*pany ae / and vben required. Issue of It vas resolved that share certificate No.33 for Share 1,000,000 shares numbered 600,001 to 1,600,000 be Certificates! endorsed as fully paid. It vas further resolved that the following share certificates he issued in the c&m of The Colonial Sugpr Refining Company Ltd. No.34 for 50,000 z 1 fully paid shares 1,600,001 tol,650,00C No.55 for 100,000 x 1 shares paid to I4/6 ......... 1,650,001 to 1,750,000 and such certificate* be sighed and sealed vith the Ccspany' s seal and Mr. G.B. Gooch be authorised to countersign such certificates. . ',' t glact_Hlre<3 It vao resolved that approval be given for the followingCr.gSa. R_T,bCeo,Ltd.tRpleafnintinwgheCnopmupracnhyasLetdd.to be hired from The Colonial S*uT*a. r - ' fora No. 186 - Motor Vehicles .. 1 Chevrolet Sedan 1,600 1 Bolden Sedan 1,120 1 Ford Truok 2000 4,720. Chairman. /V- K.Wr /2 Tariff Boardt Tbo Comnosvealtb Government has ordered a Tariff Board Enquiry into tha question of whether the production of Asbestos in Australia should ha afforded assistance', and va are to present evidence at this enquiry whioh 'ls to ba held at Sydney on 2nd June and Melbourne on 21st Juno. Zn connection with this enquiry and to.sake a routine inspection of the progress of the nine,: . Mr. Lukels on a 6 weeks visit ooanenolag on 3rd Kay. ... The Western Australian Minister for Mines has agreed.; for an inspection to be aade by the Engineer in charge of State Battery to give an independent report on the . ,. efficiency of mining operations at Vittenooa. Chairman. 7x6 . * * ^ ' ,v\. C* ' t.v ..A v <&>*? <&& A 4J 1 ( NO litlQF \w ITTBTRimH SLUE ASBESTOS LIMITED \-.\\j< Minutes of Meeting of Dir#otors bold at No.l Boat Street, Sydney, os Wednesday, 12tb May, 1954* at 9*30 &.s "\ Present; Directors; Messrs* H.G.King (Chairman), J.A.Elmslie end B.R.Brennan (alternate Director for Hr* J*L* Tuoker)* Za attendance; Hr* A.C*Biggs* Minute at The Mlautoo of tbo Hooting of Directors bold on tbo 14tb April, 1954# were confined end signed* Manager*8 Report! lbs Manager1 s Report for tbo four weeks ended 20th April, 1954, was tabled* Production Stooksi figures for Blue Asbestos fibre for the four weeks verst Production Sales Stocks at 20*4*54 Value 365 short teas 20 * * 3267 * 424,710 *r Since the 20th April shipments totalling 440 tons slued at 57,200 have been toads to Aserioa on aooouat of Johns Manvllle* Expendituret Details of Expenditure disbursed of 61,609 for the 4 weeks ended 20tb April were tabled and approved* Receipts for the period were 20,749 (fibre Sales 2,991 and Sundries 17,758) * Cost and Selling Expenses! The estimated coat of production and selling expenses for the 4 W.E* 20th April vaa 140*20 per short ton f*o.b* frsnantle compared with the eoet to date of 143*67. Capital! Zt was resolved that a esll of 5/6 per share vis* 27,500 be node on the 100,000 shares numbered 1,650,001 to 1,750,000 inclusive making such shares fully paid and that such call be due and payable at the registered office of the Company as and when required* Issue of Capital; Zttwas resolved that aa issue of Capital be made to the extent of 200,000 shares of 1 each numbered * 1,750,001 to 1,950,000 inclusive and that sucb shares rank pari passu in all respeots with the original shares forming part of the original Capital of the vCompapy, Zt wee further resolved that such shares should bs offered to Tbs Colonial Sugar Refining Company Ltd* Memorandum Zt was resolved that the three Memorandum of Satisfaction of ooverlng 3 Bills of Sale held as eover against the loan Satisfactlomto Barrett 6 Radley Pty*Ltd* be signed and sealed with the Company's seal and Hr* H.R.Bronnan was authorised to countersigh the Memorandum* es*0 tgrrs ; dF. inn*'- No n6l.-QP.l98?* 3i AflSTRJLmH BICB ASBESTOS UMITO - Mlmtee of Meeting of Diroetora bold at Ko,l Boot Street, 9ydaer, on Wednesday, 26th May, 1954, . at 2,30 p,a Preeenti Direetors* Messrs, M.G.Cing (Chalrmn), J.A.Slaslie end B,R.Brannan (alternate Director for Mr, J,L, Tuokar). Za attendaneet Mr, C,H Broadburat (Manager) C ftlnutest- Jbe Minutes of tho Heating of Diraetora bald on 12tb Kay, 1954; were confirmed and aignad* '<y . ?VM1.PC Capital! Zfvee'TeeolTed that th`e'*200,000 shares tuabered 1,750,001 to 1.950,000 Inclusive ba allotted to The Colonial Sugar Refining Coapeny Ltd, In "tarae of that Cospasm's application dated 14tb May, s~.^1954, fhe allotnant none/ due la 1/- per share n*. 10,000. Zt vaa further resolved that a call of 2/- par share rla. 20,000 be aade on the 200,000 aharaa numbered 1,750,001 to 1,950,000 lmlsalTa Making auab aharaa -- - pald^to- 4/-"Pr* bara and that aueb ba dua azd payable at the registered office of the Company aa aad vhen required, -- ,. ' .; Chairman, \A !* **-r. produced in Asdss-cs injury Cases-. cooied to Richaro F.' *si r. AUSTRALIAN BLUE ASBESTOS, t' mwM\ ' ' / , Tj PRODUCED IN MATTtKCS^; 3 3 HEYS V. MJOAlsCCS-. ` 5 NO I Minutes for Meeting of Directors held st No* 1 Beat Street, Sydney, on Wednesday 9th June, 1954, et 9,30.a.m.'- Present: Directors, Msssrs* M.C* King (in chair) J.A. Slssie * -.-V'/ H.R, fcrennan (alternate director .for Mr, J.t. Tucker)/' Minutest The Minute* of the Meeting of Directors held on the * 26th May, 1954, were confirmed and signed,* Manager^ Report: Sales and Stocks: The Manager* s Report for the four weeks ended 18th May, 1954 was tabled. Figures for Blue Asbestos Fibre for the four veeke were: Froduction 348 short tons Sales 446 * Stocks at 18.5,54 3168 value #11,840* /V.::* ^ Sales for the period Included 440 short tons valued at : 57,426 to Inertca on aocount of Johns Manvllle* An order hae been received from Oerters Ltd., London, during the period for 55 short tone st 0.35 for delivery' in June* Expenditure: Details of Expenditure disbursed of 86,997 for the 4 veeke ended 18th May were tabled and approved*' Receipts for the period were 80,061 (Fibre Sales 62,420 sad Sundaes 07,641. Coat and SaUlsg Expenses*. Tbs estimated cost of production and selling expenses for the 4 W.E. 18th May was 044. $8 short ton f.o.b* Fremantle compared with the coat to dote of 044*27* Elyit-Hirgj iron tne It was received that approval be given for the following- plant whan purchased-to be hired froa the Colonial Sugar Refining Co,, Ltd* *' ; Form Ho. 187, Installation of centrifugal pump 50 . . Capital Expenditure: The following Capital Expenditure was approved: Fora No* 187* Installation of centrifugal pump 150. Iesue of Capital: It was resolved that a further call of 3/6 per'share via, 35,000 be aade on the 200,000 shares numbered 1,750,001 to 1,950,000 inclusive, making such shares paid to 7/6 per share and that such be due and -c, payable at the Registered Office of the Company as andt-CU /- f when required, *** -> in matter of ^ V. MIDAICO ;0 1161 OF 1987 AUSTRALIAN. BUT* AEFRTIO? LliUTEi:. 150 Minutes of Meeting of Directors held Rt No# 1 Bent Street, Sydney, on Wednesday, 7th July, 1954, -t 9.70. a.m. Present. Directors: .,, Messrs. K.O. Brown (Chairman), M.G. King, J.A. Elaslie. In attendance - Messrs. A.C. Higgs and H.R. Brennan. Kir.vtgg, She minutes of the Meeting of Directors held on 9th June 1954 were read, confirmed and signed. MrnaT< s Ihe Manager's Report for the Four weeks, ended 16th June 1954 was tabled* PrgdusU.su Seles,-and Stocks. Figures for Blue Asbestos Fibre for the 4 weeks were: Production Sales Stocks at 16*6,54 Value at 125 per s/ton 323 short tons 44 n 3444 " " 430,500. - It is anticipated overseas shipments totalling 7>60tons will be made in July. An order for 55 tons was cancell ed by Carters Ltd. Expenditure Details of Expenditure disbursed of 90,671 for the 4 weeks ended 16th June, were tabled and approved. Receipts for the period were 24,177. (Fibre Sales 5,625. Sundries 18,552) gfts.t,. and gFrrnieUnmsgs The estimated cost of production and sealing expenses for the 4 weeks ended 16th June, was 151.54 per short ton f.o.b. Freeaantle, compared with the cost to date of 145.42. Issue <?f Capital It was resolved that a further call of 2/- per share vis. 20,000 be made on the 200,000 shares numbered 1,750,001 to 1,950,000 inclusive, making such shares paid to 9/6 per share and that such call be due and payable at the Registered Office of the Company, as and when reculred. labour Kapgpggg It was agreed that of the credit balance of 4,672. 8. 4 appearing in the Overseas Labour Expenses Account, 2,531.15.6 be credited to the Profit and Loss Account, 47.14.6 account A. Seraaamdl be written off and Z&mbottl be paid 137.30.0. It is estimated *thet the credit balance then left in this account vis 1,955. 8.4 will be sufficient to cover doubtful debts. Every effort however, must be made to collect the amounts owing for fares, etc. Kengr.apdum pf-S.fili.?.-, f ftSJfclgP, p.f gill Qf gglfi. It was resolved that the memorandum of satisfaction covering the Bill of Sales on the loan of 700 to G.H# MafT be signed and sealed with the Company-Seal and Mr. H.R. Brennan was authorised to countersign the memorandum product PRODUCED IN MATTER Cfci AUSTRALIAN BLUE ASBESTOS LTOTTF.D. HEYS V. MJDAICO NO U6\OFWB7 Minutes of Meeting of Directors held at No* 1 Bent Street, Sydney on Wednesday, 4th August, 1954 at 9SO a,B. >v Present Directors* Messrs* K.O. Brown (Chairman) U.G. King, J.X. Eloslie* In Attendance. Messrs* A.C. Higgs & H.R. Brennan. ttimitfta The oinutes of the Meeting of Directors held on the 7th July, were confirmed end signed. Manager.** Bergii. The Manager's Report for the 4 weeks ended 13th July, 1954 vas tabled* Production Sfllfta & Stocks. Figures for Blue Asbestos Fibre for the 4 weeks were - _ . _ Production 336 short tons Sales : 122 " Stocks 3 13th. July 3661 Stock Value 9 125 per short ton* 457625 It is anticipated overseas shipments totalling 220 short tons, to a value of 27500, will be made in early August* No orders were received during the period* Fvopndlture Details of Expenditure disbursed of 36759 for 2 weeks ended 29th June and of 32020 for 2 weeks ended 13th July, 1954 were tabled and approved. Receipts for the 4 weeks were 69,179 (Fibre Sales 15813, Sundries 18306 k Capital 35,000) I i .<3 F5 f Cost gad gelling Bmenses uyn__ al Casual Hie Estimated cost of production and selling expenses for the 2 weeks ending 29th June, 1954 was 136.55 per short ton f.o.b. Freemantle compared with the cost from 1st January to 30th June, of 144.67* The estimated cost of product ion for the two weeks ended 13th July vas 153*84 per short ton f.o.b* Freemantle. It was resolved that a further call of 4/- per share vis. 40,000 be made on 200,000 shares numbered 1,750*001 to 1*950,000 inclusive, making such shares paid .to 13/6 per share and that such call be due and payable at the Registered Office of the Company as and when required* ,14 *i K'l ; %. }'} Eric.ei flftif. Year-lz /ceounts. The Prices of Blue Asbestos fibre have been reduced as under .in. Australia g( ,, J From la From July, 1954 Grade 1* 170-0-0 150-0-0(F.O.B# 2 150-0-0 140-0-0(Freemantle 3. 135-0-0 130-0-0(Net cash against Exmi documents. .On all fibre shipped From la .( from Freemantle as from 1. 170-0-0 150-0-0 ( ditto. 1st October, 1954. 2 150-0-0 130-0-0 < 3. 135-0-0 110-0-0 <S The Accounts for the half year, ended 30th June, X) 1954, showing a loss of 42,490-2-4 were tabled. Chairman. T. . -------- r^----OF^ AUSIRALLAH'.STtTfFi SPBFfiTOfrlfollEB* NOSiHjM^A^r. *.52 Minutes of Meeting of Director held at No, 1 Bent Street*-.; Sydney, on Wednesday 1st September, 1954 at 10,45-a.m. Present. Directors: Messrs, K.O. Brovn (chairman) J.A. Elaslie* H.R* Brennan (alternate director for / Mr. J.L, Tucker,) -- *'.* Minutes. She Minutes of the Meeting of Directors held on.>*4th August, 1954 were confirmed and signed. Maaaggxls The Manager's Report for the 4 weeks ended 10th- Report August, were tabled, Production Figures for Blue Asbestos Fibre for the. 4 weeks... Sales were:- & Stocks. Production 357 short tons Sales 280 n ' --j--Stocks @ -10th August 3737 " . * Stock Value 0 . 125 per short ton 467,125 An order for 1 ton each of Grades 1 & 2 was-received' from Turner k Newell during the period. It is.* anticipated shipments during September will total.' approx 142. short tons to a value of 16,500* 7. ^ Frpgndlture.Details of Expenditure disbursed of 84,268 were;' tabled and approved. Receipts for the period were * 76,620 (Fibre Sales 41,771 Sundries 17849 and.-- '-Yr Share capital 17,000) . ;*? Cost fe Se\line Expenses. The estimated cost and Selling Expenses for the-'.. 4 weeks ended 10th August, 1954 was 141,09. per short -.hi- ton f.o.b. Fremantle compared with the cost to.'date --r-v from 1st July, 1954 of 144*77 per short ton f,o.b, Fremantle. v,.; .*>;* Call It was resolved that a further call of Capital"of 4/67'7 i per share (viz. 45,000) be made on the 200,000''-*" shares numbered 1,750,001 to 1,950,000 inclusive.- - :* making such shares paid to 18/- per share and -that - such call be due and payable at the Registered *-? office of the Company as and when required. ' ' Issue of SflPlt.al _ttominfll Capitol It was resolved that an issue of Capital be made* to * /. . the extent of 50,000 shares of 1 each numbered 1,950,001 to 2,000,000 inclusive and that such - . shares rank parrl passu In all respects with the;.- . original shares forming part of the original Capital-. of the Company. It is further proposed that such . / u shares be offered to the Colonial Sugar Refining Co. * Ltd. , It was resolved that an extra-ordinary Cenerai.JHeetihg.T. be held on 16th September, 1954 to consider and. if thought fit to pass the following Resolution as. a- Special Resolution ;-.\v ' \'l "That the Capital of the Company be increased to'-'' . 3,000,000 by the creation of 1,000,000 additional ordinary shares of 1 each and that such shares.-bp issued at such time and to such persons, upon such terms and conditions and with such rights and privileges as the Directors shall from time to ..time determine, but subject in all respects to the Articles of Association of the Company. Produced in Asbestos Personal Injury Cases: ^ copied (o BiCu--u- --------- ** - Chairman H fypfc WOOOCUD IN Mr, 1CF HEYS V. MIDALC.O NO ItMGF 1987 AUSTRALIAN. BT.TTF ASBESTOS LIMITED. Minutes of Meeting of Directors held at No. 1 Bent Street Sydney on YJednesday 29th September, 1954 et 9.50 a.m. gra&eal* Directors? Messrs. M.G. Kins (chairman) A.C. Higc (alternate director for Mr. J.A. Elmslie) H.R. Brennan (alternate director for Mr. J.L. Tucker.) Minuses- The Minutes of the Meetin'- of Directors held on1st Sentember, 1954 vere confirmed and signed. Mrnaggxla BgDfi. The Mcnager*? R**nort for 4 ve^ks ended 7th Sept*. 1954 vas tabled. Production Silll5.iL StOC-^v ' ' " The following are the figures .*s sho^m in the ' * Mona/rer*.?. Renort:- Production Sales Stocks 7th Sept 1954 .Stock Value 125 per S/ton "'81 Short tons. 100 4019 " 502375 Co_t_& ft r> 1 T i n n Pvnenso*;. Orders have been received from Asbestos Products for SOsAons .Fletcher Sales & Service 100.s/tons,., and 20 tons for Eternit Rotterdam. t * ' '* The estimated cost and selling Expenses for the / 4 weeks ended 7th Sept. 1954 was 133.86 per short ton F.0.8. Fremantle compared with' the cost to date from 1st July, 1954 of 140.06 oet ' short ton F.0.5. Fremantle. Call. It was resolved that a further call of Capital of 2/- per share (viz.20,000) be made on the 200 000 shares numbered 1,750,001 to 1,950,000 inclusive making such shares fully paid up to 1 per share and that such call be due and payable at the Registered office of the Company as and. when reaulred. Capital A Capital Expenditure for a chr.n*e House at Rypeoditurg Colonial Gorge estimated to cost 4,550 was . approved. Annual Meeting* It was agreed to hold the Annual General Meeting on Wednesday 27tb October, 1954 and the-Secretary to notify shareholders accordingly. Visit to. The chairman stated that the Managin'* Director, \lit-tenoomy would be visitin*" Y?itt**noom durinr mid October. *8 Chairman PRODUCED m AUSTRALIAN BLTTS ASBRS1PS LIMITS. . HEYS V. Mil NO ,,610 Minutes of Twelfth Annual Conerl Meeting of Shareholders held at No. 1 0*Connell Street, Sydney, on Wednesday 27th October, 1954 at 10 a.m. Messrs. M.O. Brown (chairman) M.G. Sing & J.A. Eloslie. In attendance, H.R. Brennan. The chairman informed the meeting tht Z Colonial Cugar Refining Company Ltd. ;<nc Messrs. Tucker fc Layton were duly repre: at the meeting by proxy. -Xntieft-of . Mooting. The notice convening the Meeting was wit consent of the Meeting taken as read. fignort of mrectors and flrilttnce sh wt nnri Auditors Bppoft. It was resolved that the Annual Report c directors, and Balance cheats and the Ac for the year ended COth June, 1954, as i to the Shareholders at the Meeting be r *nd adopted. in ctlon of nrectors. It was resolved that Mr. Mclcolm George who retires in accordance *d.th Article t re-elected a Director of the Company. m ption of Auditors. It was resolved that Messrs. Merry & Me: resppointe* Auditors of the Company for year ended SOth June next, *nd to fix t\ ranuner; tlon to the Auditors for the ye; ended 30th June, 1954 at 625 plus trav< expenses. Chairman. `f.'.OtUi, I N l......- *WT HYS V. MlOALCO NO U6l OF 1SS7 ..Uii'KtvIXlj: >LU.. ;Vi;*.S?BSJU43. linages oi' '.'.rxii-; iirschors h-.V- ?t ,{o. 1, O,f/ornell Street,- /vrwv-* on '.'*:ne:v*.c! ?"\h October, vcr.-nv. . (Clv'insan) 2.e:.rc. I.Vu -'in- . J.A. ila^lic. In .\tv?odnnce :.H. ilrwifn Mnutes. hi-. iTivCf. of thfs meeMn" of directors hili or* 'Ath *'Oi'c confinaed an*: .'.i.-nof, .r'.s ort "!i. , c-n.-i.'.xi*1 s knoorc. Tor we*:ks ended tti October jo.a tab!-id. i'-roiiuetion bales ': Stpej:.. -- ho followi-i- ire t!r; li-ruros **8 chmrh in Vae iiTurcr1 e ..eoort. Production ?T;> -.hero ' opt Solos j Vi u * StocUa At :1m 'otober 4.116 * " Stock Voluo : 125 uir short on 527, Stock fj5crr--.:;cd by 1)7 ehox-t tone Uuri*i '.ho .< weeks. ;!o orders .'or fibre have b*.`.n received durinr >oriod; Cost, *S b.cl.Xi.nS l`hn -.'z.i.,ed cow ci'llin -`or v:e i**oks omla.i ..vii *ctob .r ic-& 1/3, r short ton .V). Fremantle co^j with ti: coot to vrte frnj 1st .Tul", T. ?/, of r.l.M.flc nor short on r'.O.H. .-'r'-wantlc. C.tp-i.y-l 7 GMIC. a coun s .uiyi w.'S ' *norr. *; .>< v -ctoi's .^ort. .w'.n;i;icr It 't-Mi resolved < "o -. the r`*v*ms misuvrsd 1, ?;0,D01 to IjO-X'.h.yn inclusive be allotted to the Colonial iu'tnr ".c.'ininc to. Ltd in torus of that Gorjvnv's anolicrtion ' .. ' ..a ..v h S'jOnaber, l?5/, n> ilic-.tion wonrf 1/- ner share end allotment nonev 1/- nor shnro.beim' 5000*' It. ws farther resolved that o e*ll of 16/. oer chore viz, r/OOOO, bo ywwie on >h-.- shnreo numbered l,b^o,P61 to 2,000,000 inclusive such shores nnid to !/ -v.-v sivirn end that such call he dun nnd w;v?*bl at the iatorrd office of th-< --0'Sv>pn ns i,nd when r::uirod* It ?*? *frtnlvv: '.hatbt :;n i:,!-ue of c.!>aIv.- \ :.v de to the- :h-.Vf;C nf 1 o-.ch nu:.v-vi-A 2,f>'>,001 to i and fun:*, r-hnron r-vl: -vr. i nassu .h ' or-. rnruv shaves :or.:.vw nr.rt of. 1 of tho 11/ w-n .ur*r.:*er . -- resolved that. f;uc`rt oKfr>.-s c*oiVeived to h. s ..".r*::*oldtrs^ c uv' in ^cconlnnc'; vith tho orticlos o1* r.ssoni*- ;ion vncl we. ` o g-j niwoblv 1/- ; s!vi*e on ftr;>lication ;*.vi l/- ,>nr share on^^a-M a?.lotuent nd tl?i b*l;'nce in cal?.s of :wch :-:.nunts ns the[ ^ c> '| ;irecto.rs *ay *iocide o ck'^*:1 [2. Uul i-l i'be i'rlmcc ohrset nd Profit ' Loss Account for the year idea 20th .Tunc, together with the Auditors thereon j-nl the oimetors 'lenort was tabled rnd ,.e*ort c-vjroved . 1 jc s-.mi tho Ilrlnnce .Sheet nnd directors .'icoort was si 'ned* ' ' ^32 The th'irrftan stated that the -na'j**r, ih\ ^i'Or.dhurst, will a &S* visit ihAinor.' lenvin" './ittenoom on 20th October, 195/-* * . 0.5,j~ 5 Chnirain, \A N' 'TOOOUCO^MAfTBiS'^TM*: HEYS V. MIDALCO 4,,grsm_mL. rAW_BtNtreO xmsauisOTFos>9L3?TKrrrn :?*** - ; .'**' \ .! Minutes of Moating of Directors held at Ho. 1 Bont Street, Sydney, on Wednosdoy 24th November, 1954 at 9.3'3. e.m* V Directors; Messrs H*G. '4ir.g(Chaimjan) H. Brenkspear(Altemats * Director for Hr. K.0* Brown) J,4, Slaalie, *i In. Attendance; Messrs A.C. Higgs.& G.3* Gooch The minutes of the meeting of Director* held on 27th October, 1954 were confirmed and signed. Mw****:* a Report Production Sales L Stock _ The Managers Report for 4 week* ending 2nd November woe tabled. The following were the figures as shown In the Manager*s ^ Report; - .\ ^ Production 313 Short Tons Sales 129 ** w Stocks at 2nd Nov. 4400 " Stock Values 125 per abort ton 550,000 . -' ./V. : ` Stocks increased by 184 sh. tons during the 4 weeks* No orders for Fibre have been received during the -period* gopt v\i Selling Capital Call The eetiaated cost including selling expanses for the- ... 4 weeks ended 2nd November was 147*69 per short tom F.O.B. Fremantle, compared with the eott to date .from 1 1st July 1954* of 142*44 per short ton F.O.B. Fremantle* .' . .: "A It vae resolved that a further call of capital of V- per share (vis 5000) be made on the 50,000 ahorse numbered . 1,950,001 to 2,000,000 inclusive, .making such shares fully paid-up'to H-per shorthand that such call be due and payable at the Registered office of the Company as and.when' required* ' .\ t. , Capital Offer of Shares Capital Allotment It was reported that in terms of tho Articles of Association Messrs Lionel Chryaotile Asbestos Pty Ltd and West Australian Blue Asbestos Fibres Co. ^td. were offered the sharea to which thoy would be entitled in the issue of 200,0 ordinary shares of 1 each numbered 2,000,001 to 2,200,000, but that both Companies had declined the offer* It was further reported that the whole of-the above issue of 200.000 ordinary shares of Q. each numbered 2,000,001 to 2.200.000 was. offered to the Colonial ^ugar Refining Co.Ltd and accepted by them. The application money payable Is . V- per share vl* 10,000* It was resolved that the 200,000 ordinary shares of 1 each / numbered 2,000,001 to 2,200,000 be allotted to the Colonial Sugar Refining Co. Ltd. in terms of that Company's application dated 23rd November, 1954. The allotment money payable is 3/~ per share vis 10,000*' .. copied to Richard F. Scruggs Injury Cases: Abramo load and ProdycQdin Asbestos Personal AUSTRALIA StUS ASBESTOS tTiffPSP PRODUCED!NMATTO$F HNEOYS1V1.61MOIDFA1L9C87OT" ; Minutes of Heating of director# hold at Ho. 1. Bent Street, Sydney, on Wednesday 23rd December, 1954 st 9.30.a.n. Present. ftlnutcs. Mennoor* s Renort Directors: Messrs K.O.-Brown (Chairman) M.G King, J. A. -`Amalie lit attendance . H.ft. Brennan The Minutes of the Mooting of directors hold on 24th. November, 1954 were confirmed and signed. ,J,'be Manager's Report for 4 weska ending 30th November waa tabled. --____-- Production . ~':v Sales a stack The following are the figures as shown in the Manager?* Report. .. 'i\ Production Sales Stocks at 30th tfov. Stock Values 4 125 per short ton 248 Short Tons 196 * " 4452 * . * 556,500 During the period an order for 30,00 S/Tons of fibre-.was received from Johns Hanville for supply during 1955 at 100 per S/Ton. tost and ell In? expenses The estimated coot including selling cxncnses for the '4 weeks ended 30th November was 170.69 p:r short ton F. O.B. Fremantle,' compnred with the coat to dp.to from 1st July, 1954, of14/4 69 per short ton F.O.D. Fremantle. This increase is mainly .due-.*. to the extra coet of reducing production from y to; 2 shifty.\ f.nwjtal It vna resolved th*.t a call of capital of 1/3'per share (viz 12,500) bo made on the 200,000 shares numbered 2,000,001 to 2,200,000 inclusive making ouch shares paid to Vj par .ah*re and that such call bo due and payable at the Registered .-Office of the 'Jompuny as and when required. ' Reduction To 2 Shift Operation The meeting confirmed the decision that becauso of the*.High stock of 4430 tons of fibre end because the orders in hand for 1955 smount to less than 4000 tons it has bean decided gradually " to reduce mining operations from 2 shifts to one shift'and" \ milling operations from 3 shifts plus overtime to 2ah3Tte-to . become fully effoctive January 19*55. The effoct of this will -Vi be to increase the cost per ton of fibre produeod in i9F5.but the total outgoing of expenditure will b* reduced.` The introduction of ore from Colonial Gorge will, it is hoped, .help-" to offset tho increase in operating costs from the lowerTate - of production. The estimated production for 1955 is <3000./tons. /m. v iif'fa' mSTRALTaw 4SBBST0S LTD* Minutes of Meeting of Directors beld at Bol O'Connell Street, Sydney, on Wednesday, 3th June, at 10*15 a*A* Present* Directors:- Messrs* K*0*Brovn, J.A.Slaaiie, I.C.Iing. In attenaance*- Hr* A*C*Higgs and H*fi*Brennan* tfiautftg. The Minutes of the Meeting of Directors held on 11th May, 1955, were conflrmou and signea. lblflgiF Report* The Manager's Report for 4 f.3. 17th Kay, 1355, was tabled* Production Salas &"""" Stocks* The following are the figures as shown in the Manager's Report*- Productions 302 S/ tons Sales: 882 * 8toed at 17th May, 1955* 3788 * Orders, totalling 502 S/tons, for supply to Borope, have been received during the period including 1 ton Grade 1 fibre* t The estimated coat to prodaee and sell fibre for the 4 weeds ended 17th May was 182*78 per s/ton f*o*b* Fremantle, coupsrea with the cowt to-date from 1st January, 1955, of 129*16 per short ton f.o.b. Fremantle* Town The Manager comments as foilowss- Activities Hotal* A coaparison with the to-date figures at this time last year discloses that the takings show a decrease of 8000 to-date, whereas the expenses have dropped by only 1770* Retail Store* The taxings from this activity have also decreased with the smaller number of residents and the sales to date this year are almost 12,000 less than at the corresponding period last year, whilst the overhead and operating costs are still the sane* It vas agreed that these matters should be discussed with the Manager before his return to Vlttenoom* The Btnk Balance at 17th May vas 50842 and it vas estimated that from this date to the nd of 1955 4840 tons of flbro will be sold from orders on head, proceeds from these salee being approx* 400,000* In vleo of tho increased sales of flbro it was reeoivod that tho call of 8/- pov share - on the < 200,000 shares numbered 2,000,001 to 2,200,000 inclusive - made-at the Meeting of Directors hold on tho 18th April, bo esneelled* It was resolved that the following plaat,vhsn purchased, be hired from the Colonial Sugar Refining Co* Ltd* Form Mo.193. 1 KVA Transformer 1281. C 0875 CHiXttlM* AaSTRALIAa 3LUZ ASBESTOS ITS. Minutes of Meeting of Director* nald at no* 1 O'Connell Street, Sydney, on Wednesday, oth July at 10*0 *.*. Presents Messrs* & 0* Brow (chairman), J. A* KLuslie, and H* fi* Brennan (alternate director for Mr* J* 1* Tucksr) Ia attendance* Mr. 1* Mackintosh and A* C. Higgs* 819l&&& The Minutes of the Meeting of Directors held on 8th June, 1955, sere confined and signed* Manager* t s; The Managers* Report for 4 V* S. 14th June, 1958, sas tabled* Production K The following are the figures as shorn in the Managers* Report*- Productions Sales* Stoat at I4tn June, 1958s 313 3/tone 429 3503 Cost A The estimated cost to produce and sell fibre for the 4 weeks ended 14th June was 132*04 per s/ton f*o*b* Fremantle, compared Jith the coat to-date from let January, 1955, of 129*67 per a/ton fo*b* Premantle. file Beak Balance at the 14th June was 51180, and it is estimated the balance at the Sad August, 1955 will be 98,278* CHAIRMAN. AUSTRALIA BLOB ASBESTOS DTP, 'JAnuces of Meeting of Directors aaid - t Bo. i 0*Coanell Street, Sydney, on weanesaay, 3rd August, at 10* 0 a.m* Present: Directors: Messrs. X. 0. Brown,(chairman) J. a. Slasiie, ii. a. Brennan (alternate director for Ur. J.L.TucJcer) In attendance: Messrs. A. C. Siggs ana - A. UiCKintosn. Minutes. The Minutes t' tna Meeuin* of directors neid on 6th July, --55, ^r.- ,w.;firr--ju signed. Han?, ears' Report. The Managers* Report for 4 7.3. lth July, 1955, was taolea# Prosuctloa Salas c* StOCKS. The following are the figures as snowa in the Managers1 Report:-* Prouuccion: 425 S/tons Sales: 764 " 2toes at 12th July, 1955:2278 * Cost & Sailing Sxoenses. The estimated cost to produce ana sell fibre for the 4 veess anaeo 12th July was 106.22 per short ton f.o.o. Fremantle, compared with the dost from 1st January, 1955, to 20th June, 1955, of 124*10 per s/ton f.o.o. Fremantle. gsASxDenaiture. It was. resolved that the following capital expenditure be approved:- 0.A.Form Bo. 195* one SecoAL-flunc. Screw Pr-ss 185. One Steel ana Iron Building 400. 0.A.Fora So. 196* Ho.g.Ore Pass Feeder Grisciy Colonial Gorge .-ucp at 1250 U.A.Form Bo. 197* ffet Process Scuipmenc 20000 u.A.rora Ho. 198* Grading Trommel 12SO Half Yearly Accounts. The accounts for the j year ended 20th Juae, 1955, showing a loss of 116,877, were tabled and approved. Stoats of fibre at 20th Jun., 1955, were valued on the basis of 120 per sn/toa f.o.b. Fremantle. in alysis of this Loss of 116,877 shows the following details*- v Accounts Coat'd* U>ss per s/ton on total production 1979 s/tons if sold at average soiling price for * rear Loss on 1379 tons * Othsr cost not included in <-ost of production. Centenary Bonus Loss on Sales Surplus Stores Town Tr-ding 26*62 52,700 Loss on Sale of 253 s/tons of fibre in stoc& 21 See*,1-54 Loss on revaluation of 2822 s/tons in stodc at 20/8/56 tOfiTRALTAH RLHR ARBRSTOS LTD* Minutes of listing of Directors, held at lo. 1 0*Connail Street, Sydney, on Thursday, 29th September, 1355* Pratsnts Directors! Hr. I*C. ting, (Chairman) , Mr. J.A. mile, and Mr. fl.fi. Brennan (alternate Director for Hr. J. L. Tucker.) Ths Minutes of ths Meeting of Directors, held oft 3rd August, 196, rare confined and signed* Ths Managers' Hoports for 4 W*I* 9th August sod 4 W*l* 6th Septeaber, were tabled. the following are the figures as shown In the Maaegers' Beportsi- Short fans 4_Jf*l*9th AUH. Lgth Scot. Orders. Production Bale# Stock at 6th Sept*, 1955* 481 558 - 445 775 2828 The following order for fibre has been reeelred during the periods* SO tons Grade 3.for Asbestos Produets Pty.itd. dquiries have been received fro* Mineral fibres Ltd* for the supply of a further 600 teas and 800 tons for supply during October, fevcuber, Deeenber. She estinated cost to produce and sell fibre for the 4 weeks ended 9th August wes 106*58 and for 4 w.e. 6th Septeaber was 98*89 per short ton f.o*b* frenantls, coapered with the cost to date fros 1st July, 1955, of 108*57 per short ton f.o.b. frensatle* ance. She Bank Balance at the 6th Septeaber was 28,118 and fibre proceeds received by C.S*R* Co* Ltd* aaounting to 102,656 have not yet been received* Directors She resignation of Mr. S*X*f*Leyton, as a director of the Coaptny has been received* It was resolved that Hr. C*H*Brosdbnrst be appointed a dreetor of the Ceapany* It was agreed to hold the awwwi General Meeting on Wednesday, 26th October, and that the 8eeret* ary should notify shareholders accordingly* It was resolved that the following Capital Szpcadltarc be approved* fora Wo* 199* Water Treatment Plant for Power House 70* form Bo* 200* Belt Conveyor Bo 2 level Col* Gorge 808* It iu received that the folloeln* Plant hi parafcaaed be hired from the C.S.B. Co. ltd. fon lo. 1M. Tatar treatmmt Plant for Power Soaae USC form lo. 200* Bolt Conveyer So. 2 level Ool. Qngi 2480 Uflot haa boon rtctlTtd that tho tariff Board has raaoMidad that no tariff aaalatanaa be given to tha Indnatrp mi the federal Severnaeat haa accepted thia raao--andatloiu farther approached ara being nada to tha Padaral and Western Australian Covcnmants for aaaiatanea. Sr. Broadhsrat la to visit Booth Africa and teope to aaha a farther araninatlcn of market# for fibre and to proaote aalas for next ytar, leaving Perth In October. BUTS ASBggTOfl up* Minutes of Meeting of Director*, hold at lo. 1 0*Connell Street, Sydney, on Veteeeday, 26th October, 1956, at 10.0 ai. laairt* .0.ro (chairmen), M.QXlng. J.A*Hmallc* la attmdaneei Xmri. Higgs 4 Bi *1f- The Minatoo of tho Mooting of drootors, hold 89th gcptaaber, vcro confirmed and olgnod. The Managers* rsport for 4 V.l. 4th October, 1955, wee tabled* The following oro tho figures, os shorn la tho Mreagers* Ksporti- Uaki&M* Orders* Ippniwi Of Production S*1 a* Stock ot 4th October, 1965s 455 2S0 6061 Minerals fibres Ltd* hero advised that tho Ztaxslt Group hove ordered the foliovlag additional teamato es for supply before the Hat Dsssnbsr, 1955s S*P*A* JSternit, (Hnoa 600 1*7* * , Amsterdam 300 S.A. * , Belgium 100 She estimated cost to produce and sell fibre for the 4 reeks ended 4th October, 1365, was 695*76 per short ton f*o*b* Fremantle, cohered nth the cost to date from 1st Paly, 1955, of 101*87 per short ton f*o*b* Fremantle* The bank balance at the 4th October, 1965, ram 115,680 ead fibre proceeds, amounting to 95,508 hare not pet bemi reeslred from C*S*M* Co* The belsmee sheet and Profit 4 Loss Account for the rear ded 60th Ame, 1955, together nth the Auditors* Bepert thereon and the Directors* Mepert ras tabled and approrod and ths Balance Sheet and Directors* deport rare signed* The tmsfar of S deferred shares from to* S*MT* Layton to to* C*8*Broadfaurst ras approred* It ras rsported that an offer had bems retelred from the Vettern Australian OoTeramsmt to par a 6 per iborttm freight subndy cm up to 6906. s/toms of fibre carted from nttsmeom daring toe rear 1st October 1955 to gCfcSept--ber I960 and the cbalrMBSt action In accepting thlaoffmr nth thank%:ru# confirmed* She appointment of to* P*C.Thomas as Manager ram / confirmed blithe Meeting, totoeedhnrst haring taken up other duties. Including promotion of sales* HICTMLIM Btgl ML of iNtlic of Directors, held at 3o. 1 0*Conaall Street, Sy^ey* oft Tedacsriay, .iSrd lOTa*er, 1SU| t 10* 0 aa PfAAAQtl Xmus. . G* 2&f (Chairman), j. i- miu, A* C. ffigf, la attsndancci hr. & R* Bi aw in. *1*"**!- 9m Unatcs of the Iteetlnt of Directors, held on 26th Oitattti 1965* ear# Moflntd end flfstd* She Chalrean stated that no dodclco had yet beat reached by tho fn--neml tn Govenaisat with retard to assistance to tha Bine Asbestos Industry* ligutapt* 9m liaatn* Report for 4 X* 1st kvater, 1966, u tabled* M*I*S***** sEensT The follod&s aro the flsortt, as show ia the Blasters* Report* * Js 1st *or*. 13S5* short tons Proctoetica 444 Salas 568 Stock, as at 1st Hovatber, 1966s 2964 Qrttn. 9m foilolnc orders* for trade S fibre*7 have baas repaired sine# the last Meetings- Testa Battery Co* Bel lath Portland Ceaeat hfctis Zadastries, ladle Standt, S.A., Seltserllnd Qaivareal Asbestos* hitleiu Slut Cast Co.* Thill id 6 short tana 80 10 00 100 10 e V c The eetlaatad cost to prodaee and sail fibre for the 4 wdttt aided let Borwber* was flOl.QS per dirt too, f*o*b* yrsesetlc, eewared with the eost to date frea 1st Jaiy, 1986* of 001*21 per short tea f.o.b* Prsasatle* The bank balenee at 1st Bevanber, 1966* eas 28*098 sad fibre proceeds, aaowtlac to 99,724 had not yet been received frea C*8*1U Co* ltd* C 0882 iHMty.TU vsit* sgywypfr y^. limit#* of Meeting of Directors, held at No* 1 O'Connell Street, Sydney, on Wednesday, 21st Dtesnber, 1955, at 10*0 &*m* Presents lessrs. M. G. Kina, (Chairman), J-. B* Elailie, A* C* Hiffi, H. R. Brennan (alternate Director for Hr. J* L* Tucker.) Minutes. The Minute* of the Westing of Directors, held on 23rd Hovenber, 1965, sere confirmed and signed*. Vr^Mr?* Haoort. The Managers' Report for 4 w* e* 29gh Rovenber, 1955, was tabled* The following are the figures, as shown in the Managers' Reports iifiA SnW Balance* Orders* / Production Sales Stock at 29th Rot*, 1955s 457 1755 1661 The estimated cost to produce and aell fibre fo# the 4 weeks, ended 29th Rovenber. sms 100*28 per short ton f.o.b* Fremantle, com* pared with the coat to~date from lat July, 1955* of 101*05 per short ton f*o*b* rrsnantl The Bank Balance at 29th MoTember cue 24,526 and fibre proceeds, amounting to 209,100, had not yat been received row The C.S*R* Co* Ltd* Johas-Manvllle have ordered 5,500 short tons of fibro, at 498*0*0 par short ton, for delivery during 1955*-' Minerals Fibres Ltd* have also amngod for the sals of 3*0$p short* tons, at'*"" 497*15* 3 per abort ton (laps f$ to. Minerals Tibres Ltd*) *jfbr delivery during: W58to the- Btemit Oroup In Surope ibo pave stated they will take further tonnages if available* __ C 0884 'if*' I Minutes* H&Q&fiCL& Report* Production Salta * Stocks. Coat & StUkr-j Expenses. Capital ftU* Share Certificates. Expenditure. PRODUCED IN MATTER OF HEYS V. MIDALCO NO UUOF1M7 - AUSTRALIAN BLUE ASBESTOS LTD. Minutes of Meeting of Directors held st No. 1 O'Connell Street* Sydney, on Wednesday* 13th April* 1955* at 10. Oi.s. Directors: Messrs. K.O. Brown (chairman) A.C.Higgs (Alternate director for Mr..* Elaelie' H.R.Bronnan (alternate director for Mi Tucker) The Minutes of the Meeting of Directors hold on 17th HarcV were confirmed and signed. The Manager's Report for 4 weeks ended 22nd March* was tab The following are the figures as shown in the Manager's Re Production: Sales: Stock at 22nd March Stock Vglue at 125 per sh.ton: 312 737 4093 short tons n * 511625 Negotiations are taking place for the eale of 2000 tons fi' to the Etemit group by Minerals fibres Ltd. st the price < A97.16. 3 per short ton. The estimated cost to produce and sell fibre for the 4 weel ended 22nd March vae 118.40 per short ton f.e.b. Fremantl< compared with the cost to date* from 1st January, 1955* of 128.56 per short ton f.o.b. Fremantle. It was resolved that a cell of . Capital of 3/- par share (vi 30.000) he made on the 200000 shares numbered 2*000*001 tc 2*200*000 inclusive* making such shares paid to 6/- per aha and that such call be due and payable at the Registered Off of the Company as and when required. It vae resolved that share certificate Ho. 35 for 100*000 s numbered 1*650*001 to 1*750*000 be endorsod as fully paid It was further resolved that the following share certlfic&t issued in the name of the Colonial Sugar Refining Co. Ltd: No.36 200*000 ordinary shares* numbered 1750*001 to 1*950, No.37 50*000 ordlnazy shares* numbered 1*950,000. No.38 200*000 ordinary shares paid to 5/- per share, nuabe 2,000,001 to 2,200*000. It was resolved that the following plant when purchased be hired from the Colonial Sugar Refining Co. Ltd.:- Form No. 192. Electrical Equipment 433* It was further resolved that the following Capital Expenditi be approved:- 192. Electrical Equipment. 148. din Asbestos Personal ,/A-fs* CHAIRMAN. FROO-VCED IN A Hfc'YS V. M; NO 1161 C. AUSTRALIAN 3UJT AS3EST0S Mi.rutes of of Directors held at Un. \ 0<Conne\\ Street. Sydney AtTWednesnoy llth Knv at 10.IS &.r. Minutes: Kanftrcria Report: Production Sales fc Stocks: Cost & Selling Expenses* ti Directors - Messrs* K.O. Brown, M.G* King : J*A* Elnslie. In Attendance - Mr* H*R* Brennan* The Minutes of the Meeting of Directors held n 13th April, 1955 vere confirmed end signed* The Manager's Report for 4 - V.2. 19th April, was tabled. The following are the figures as shown in the Manager's Report*- Production 297 S/tons* Sales 126 " Stock at 19th April. . 4,259 * Stock Value at 125* par short ton 532*375* Orders hsTs been received from Minerals Fibres Ltd* for 2,OCO tons fibre for the Stsmlt Group Europe at the price of 97*16*3 per short ton and from G* Konolit of Beunos Airos for 200 tons at 108C*0 per ehort ton, both prices subject to 5S commission to Minerals Fibres* The estimated coat to produce and sell fibre for the 4 weeks ended 19th April was 127*25 per short ten, f*o*b Fronantle compared with the cost to date from 1st January, 195$ of 128*2*2 per short ton f*o*b Fremantle* CHAIRMAN. i . V'OVtJ IthOP HHYS V. MtOALCO ' NO 1161 OF 1987 . AUSTRALIAN BUTE ASBESTOS LTD. Minutes of Meeting of Directors held at No.l O'Connell Street, Sydney, on Wednesday, 8th June, at 10.15 a.m. ' 1 ! Present: Directors:- Messrs. K.O.Brown, J.A.Elmslie, ------------- U.C.Klng. In attendance:- Mr. A.C.Higgs and H.R.Brennan. Minutes. The Minutes of the Meeting of Directors held o: 11th May, 1955, were confirmed and signed. Manager* s Hprt^ The Managers Report for 4 W.E. 17th May, 1955, was tabled. Production Sales k ~ Stocks. . The following are the figures as shown in the Manager's Report:- Production: 302 S/tons Sales: 832 * Stock at 17th May, 1955: 3738 " Orders, totalling. 502 S/tons, for supply to Europe, have been received during the period including 1 ton Grade 1 fibre. pst-& Selling Expenses. The estimated cost to produce and sell fibre fo: the 4 weeks ended 17th May was 152.73 per s/tox f.o.b. Fremantle, compared with the cost to-dat{ from 1st January, 1955, of 129.16 per short toz f.o.b. Fremantle. Town Trading Activities. The Manager comments as follows:- Hotel. A comparison with the to-date figures at this time last year discloses that the taking show a decrease of 3000 to-date, whereas the expenses have dropped by only 1770. Retail Store. The takings from this activity have also decreased with the smaller number of residents and the sales to date this year are almost 12,000 less than at the corresponding period last year, whilst the overhead and operating costs are still the same. It was agreed that these matters should be discussed with the Manager before his return to Wlttenoom. Cash Position. The Bank Balance at 17th May was 50342 and it was estimated that from this date to the end of . 1955 4340 tons of fibre will be sold from orders on hand, proceeds from these sales being approx. 400,000. Capital. In view of the increased sales of fibre it was resolved that the call of 3/- per share - on the 200,000 shares numbered 2,000,001 to 2,200,000 inclusive - made at the Meeting of Directors held on the 13th April, be cancelled. Capital Expenditure. It was resdlved that the following plant,when purchased, be hired from the Colonial Sugar Refining Co. Ltd. Form No.193 1 KVA Transformer 1281. ****XSZ CHAIRMAN. Educed pvMATTf' heys v. MIDALC NO 1161 OF Ivw/ AUSTRALIAN BLUE ASBESTOS LTD, Minutes of Meeting of Directors held at No. 1 . O'Connell Street, Sydney, on Wednesday, 6th July i* It at 10*0 a.m. * Present: Minutes. Manager*s Report. Messrs. K* 0. Brown (chairman), J. a. Elosii< and H. R. Brennan (alternate director for Mr. J. L. Tucker) In attendance: Mr. A. Mackintosh and A* C. Hi The Minutes of the Meeting of Directors held on 8th June, 195S, were confirmed and signed. The Managers* Report for 4 W. E. 14th June, 1955, was tabled. Production Sales k Stocks. The following are the figures as shown In the Managers* Report:- Production: Sales: v Stock at 14th June, 1955: SI3 S/tons 429 " 3603 ** Cost & Selling Expenses. The estimated cost to produce-and sell fibre for the 4 weeks ended 14th June was 132.04 * per s/ton f.o.b. Fremantle, compared with the cost to-d&te from 1st January, 1955, of 129.67 per a/ton f.o.b. Fremantle. % Bank Balance. The Bank Balance at the 14th June was 51180, and It is estimated the balance at the 2nd August, 1955 will be 95,273. CHAIRMAN PRODUCED IN MATTER OF KEYS V. MIDALCO. NO 1)61 OF 1987 AUSTRALIAN BLUE ASBESTOS LTD. - ,\ Minutes of Meeting of Directors held at No. 1 O'Connell Street, Sydney, on Wednesday, 3rd August, at 10. 0 a.ra. .. Present: Directors: Messrs. K. 0. Brown, (chairman). J. A. Elmslie, H. R. Brennan (alternate ' director for Ur. J.L.Tucker) In attendance: Uessrs. A. C. Klggs and A. Mackintosh.- Minutes. T Managers' Report." Production Sales & Stocks. Cost fc Selling Expenses. The Minutes of the Meeting of Directors held. . on 6th July, 1955, were confirmed and signed..' , \ The Managers' Report for 4 W.E. 12th July, 1955,'was tabled. The following are the figures as shown in the Managers' Report:- Production: 435 S/tons Sales: 764 * Btock at 12th July, 1955:3278 " " The estimated cost to produce and sell fibre for the 4 weeks ended 12th July was 106.22 ; Y per short ton f.o.b. Fremantle, compared with ' the Cost from 1st January,. 1955. to 30th June,- " 1955, of 134.10 per s/ton. f.o.p. Fremantle. .. U. A. Expenditure. A. It was resolved that the following capital expenditure be approved:- D.A.Form No. 195. * One Second-hand Screw Press 185. *. One Steel and Iron Building 400. U.A.Fora No. 196. No.2.Ore Pass Feeder Grizzly and Ramp at ' Colonial Gorge 1250 U.A.Form No. 197. Wet Process Equipment '-- 30000- U.A.Form No. 198. Grading Trommel 1250." Half Nearly Accounts. The accounts for the year ended 30th June, 1955, showing a loss of 116,877, were tabled and approved. Stocks of fibre at 30th June, 1955,' were valued on the basis of 120 per sh/ton f.o.b*- Fremontle. Y. Analysis of this Loss of 116,877 shows the following details:- ' Half Yearly Accounts ConVd. ? : 2 ''PRODUCED tN MATTER Cfc.. HEYSV. MIDALCO . NO mi OF 1987 ` Loss per s/ton on total production 1979 s/tons, if sold at average selling price for i year 26. Loss on 1979 tons Other cost not included in cost of production. Centenary Bonus Loss on Sales Surplus Stores Town Trading =52, 5; 4,: ly Total Loss on Sale of 253 s/tons of fibre in stock 31 Dec.,1954 Loss on re-valuation of 3823 s/tons in stock at 30/6/55 63,3.C 20/0C 33,00 Rett Loss t 1X6.90 i 1 i t Produced in Asbestos Personal Injury Cases: Ab-m^v:'zy. '-y* copied to Richard *. - -* ` - AUSTRALIAN BLUB ASBSSfOS LTD ' PROTECT IN MA\ iVwi'o V.-M1DAU NO U610F19 Minutes of Meeting of Directors, held at No. 1 0*Connell Street, Sydney, on Thursday, 29th September, 1955. Pr*s*ntt Directors: Mr. M.G. King, (Chairman), Ur. J.A. Eioslie, and Mr. H.K. Brennan (alternate Direct for Mr. J. L. Tucker.) Minutes. The Minutes of the Meeting of. Directors, held on 3rd August, 1955, were confirmed and slgnec Managers* Report. Production Sales k Stocks. Th Managers* Reports for 4 W.E. 9th August and 4 w.5. 6th September, were tabled. The following are the figures as shown in the Managers* Reports:- Short Tons 4 W.E.9th Aug. 4 W.B.StVSeo t Orders. Production Sales Stock at 6th Sept., 1955. 421 556 - 4*5 775 2826 The following order for fibre has been received during the period:- 50 tons Grade 3.for Asbestos Products ,Pty.Ltd Enquiries have been received from Mineral . Fibres Ltd. for the supply of a further 600 tons and 300 tons for supply during October, November, December. Cost k Selling Expenses The estimated cost to.produce and sell fibre* *". for the 4 weeks ended 9th August was 106.53 .* and for 4 w.e. 6th September was 98.89 per short ton f.o.b. Fremantle, compared with the.. cost to date from 1st July, 1955, of 103.57 per short ton f.o.b. Fremantle. . < Bank balance The Bank Balance at the 6th September was 23,112 and fibre proceeds received by C.S.R. * Co. Ltd. amounting to 102,655 have not yet * ' been received. Directors. The resignation of Mr. E.B.T.Layton, as a director of the Company, has been received. . It was resolved that Mr. C.H.Broadhurst be appointed a Director of the Company. * A Annual Meeting. It was agreed to hold the Annual General Meeting on Wednesday, 26th October, and that the Secret ary should notify shareholders accordingly^ Canltal Expenditure It was resolved that the following Capital Expenditure be approved. Form No. 199. Y/ater Treatment Plant for Power House 70.' c^dloB'Ch Form No. 200. Belt Conveyor No. 2 level Col. Gorko 603. it was resolved that the following Plant when purchased be hired from the c.S.A. Cc 4- Form Ho. 200. Belt Conveyor No. 2 lev*! Col. Gorge 342 Advice has been received that the Tariff Board has recommended that no tariff assist ance be given to the industry and the Feder Government has accepted this recommendation Further approaches -are being made to the Federal and Western Australian Governments for assistance. Hr. Broadhurst is to visit South Africa and Europe to make a further examination of mark for fibre and to promote sales for next year leaving Perth In October. CHAIRMAN. r* AUSTRALIAN BLUE ASBESTOS LTD, ^OuUCED IN MATTER C HEYS V. MIDALCO NO ] 161 Of 1987 Minutes of Meeting of Birectors, held at No. 1 O'Connell Street, Sydney, on Wednesday, P6th October, 1955, at 10.0 a.ro. . Present: Messrs. K.O.Brown (chairman), U.G.King, J.A.Elmslie. In attendance: Messrs. Higgs k Brennan. Minutes. The Minutes of the Meeting of Directors, held on 29th September, were confirmed and signed. Managers* Report. The Managers* report for 4 W.E. 4th October, 1955, was tabled. Production Sales k Stocks The following are the figures, as shown in the Managers* Report:- -- - -- ` 4 W.3. 4th Oct. short tons Production Salos Stock at 4th October, 1955: 455 220 3061 Orders. . Minerals Fibres Ltd. have advised that the Etemit Group have ordered the following additional tonnag es for supply before the 31st December, 1955:- S.P.A. Eternit, Genoa 600 N.V. * , Amsterdam 300 S.A. * , Belgium 100 Costs te Selling Expenses. The estimated cost to produce and sell fibre for . the 4 weeks ended 4th October, 1955, was 95.73 per short ton f.o.b. Premantle, compared with the cost to date from 1st July, 1955, of 101.27 per short ton f.o.b. Fremantle. Bank Balance. The bank balance at the 4th October, 1955, was 15,620 and fibre proceeds, amounting to 96,308 have not yet been received from C.-S.R. Co. Accounts Auditors' Report & Directors Report. The balance sheet and Profit k Loss Account for the year ended 30th June, 1955, together with the Auditors' Report thereon and the Directors' Report was tabled and approved and the Balance Sheet and Directors* Report were signed. Transfer of Shares. The transfer of 5 deferred shares from Mr. E.E.T. Layton to Mr. C.H.Broadhurst was approved. W.A. Government Assistance. It was reported that an offer had been received from the Western Australian Government to pay a 5 per short ton freight subsidy on up to 6000 s/tons of fibre carted from Wittenoom during the year 1st October 1955 to 3GhSeptember 1956 and the chairmans' action in accepting this offer with thanks was confirmed. Appointment oVManager7 " The appointment of Mr. P.C.Thomas as Manag.eT was confirmed by the Meeting, Mr.Broadhurst having taken up other duties, including promotion of sales Produced in Asbestos Personal Injury Cases: Afcrar-:/- 'sj-c! ar.d copied to Richard V. Gauges u CHAIRMAN. 'St a- l*-.v flLDE ASBESTOS LTD. FRODUCEDINMA* HEY$ V. MIDAt NO 1161 OF 1< Klnutes of Thirteenth Annual General Meeting cf Cheroholust a, add at Mo* 1 O'Connell Street, Sydney, on Wednesday, 26th October, 1985, at 10*80 a.i. Prer*nt,; Hescrs* X* 0* Brown ( chairsn ) M. 0. King, J* A* Elaalie, In attendances Messrs* A* C* HI**a, R* Brennan* Bis Chalrntn announced that he held proves froc Th- Colonial Sugar Boflaing Co* ltd* ----- Rr. J* t* TucJcer'antf Er* C. H. Broadbarst. fc.notice of Meefcln Motlee convening the Meeting was, with the consent cf the MeetIns, taken hc read* fteport of Directors. Balance_Bheet andAuditore* Report* , _ it eaa'reaoieed that tiie Annual Report of ti tlrector* and the Account* for the jeer vad< 30 th June, 1958, aa presented to the Share* holders at the Meeting were received and adopted. Election of Director* It as resolved that Mr* Cecil Hornce Broadhurst, who retires In accordance with Article 86, be rweleeted a Director of the COTBPOTSJ* Election of Auditors* ^ lY^ras resolved that Messrs* Merry k Merry ) re-nppolnted auditors of the Company for th< year endlns 80th June, next, and to fix the remuneration to tho Auditors for the yes.r e ed EOtb June, 1985, at 560 plus travslllns expenses* '. i i i -1 *i' Produced in Asbestos Persona' inn in/ Cases: Abram* Isod na AUSTRALIA BLUE ASBESTOS LTD. Minutes o f Meeting of Directors, held at No. 1 O' Ccnneil Street, Sydney, cn '.Yednescsy, 23rd November, 1955, at 10. 0 a.a. Present: Messrs. M. G. King (Chairman), J. A. Elmslie, A. C. Higgs, In attendance: Mr. H. R. Brennan. Minutes,- The Minutes of the Meeting of Directors, held on 6th October, 1955, were confirmed and signed. The.Chairman stated that no decision had yet been reached by the Commonwealth Government with regard to assistance to the Blue Asbestos Industry. Managers' ' Kewort. The Managers' Report for 4 W. S. 1st November, 1955, was tabled. Production. Sales & Stocks, The following are the figures, as shown in the Managers' Report. 4 W.S. 1st Nov.. 1955 snort tons Production Sales Stock, as at 1st November, 444 553 1255: 2264 Orders. :n ,Tri?r cf in Personal 5nj-ir; Ca: u CCpi3 to r. Scruggs. The following orders, for grade 3 fibre, have been received since the last Meeting:- Vesta Battery Co. Goliath Portland Cement Eohtas Industries, India Eternit, S.A., Switzerland Universal Asbestos, England Siam Cement Co., Thailand* 5 short tons 50 n n 10 tt n 200 it it 100 ri 10 it n Cost to Produce j- Sell. The estimated cost to produce and sell fibre for the 4 weeks, ended 1st November, was 101.03 per short ton, f.c.b. Fremantle, compared with the cost to date from 1st July, 1955, cf 101.21 per short ton f.o.b. Fremantle. r mV: The bank balance at 1st November, 1955, was 23,093 and fibre proceeds, amounting to 96,724 had not yet been received from C.S.R. Co. Ltd. 2 U. A, Expenditure, The following Capital Expenditure was approve No. 01. Electric?!. Equipment.for new wet treatment plan^.for Mill, and the development of Colonial Gorge Mine. ', No. 202. Pumps and other plant. A/c A.B.A. . /; It was agreed that the following plant, "when purchased, be hired from the C.S.P.., Co. Ltd.'.-' No. 201. Electrical Equipment for nev* wet treatment plant for Mill . 7 No. 202. --_ Pumps and other plant '2 Share Certificate. It was resolved that share certificate- No. -29* for five deferred shares in the name- of Mr. C. E. Broadhurst, be sealed with the Company-aJ seal tand Mr. E. R. Brennan was authorised to '* : countersign such certificate.-' Cancellation of Share Certificate. Share certificate No. 5, in the name of Mr. E.E.T;-iv. Layton, was cancelled. p '* j`/ ' fi I4sfed ,0 * V. itlSTRALIAH BLUE- ASBESTOS LTD. Minutes of Meeting of Directors, held at No. 1 0Connell Street, Sydney, on Wednesday, 21st December, 1955, at 10*0 a.a. Present? Messrs. M* G* King, (Chainsan), J. E# Elaslie, * C. Higgs, fi R. Brennan (alternate Director for Ur. J* L. Tucker.) Minutes. Hie Minutes of the Meeting of Directors, held on 23rd November, 1955, were confirmed and signed* . Managers* Retort. The Managers* Report for 4 w. e*. 29th November, 1955, was tabled. _______ ... . ... Production ^r" Hales-fe-^ Stocks. The following--are the' figuresi" as^shovnrin^tfie-Managers Reports 4 m.b* 29th Nov.. 19ftS.' short tons Production Sales Stock at 29th Bov., 1955: 457 1765 1661 Cost fe " Selling Expenses* She estimated cost to. produce and' sell fibre fo* the 4 weeks, ended 29th November, was -3.00*28? per short ton f.o.b,'Fremantle, com* pared with the cost to-date from 1st July, 1955, of 101.05 per short ton f.ojh. Fremantle* Balance. The Bask. Balance at 29th Hovyrnber-iwaa.' ggd^SSBTT' and fibre proceeds, amounting to 209,100,'had hot yet bees received rom T^f C.S.R. Co. Ltd* Orders. Johns-Kanvllle have ordered $, 500 short tons- of fibre, at A98.0*0 per. short" ton, for delivery during 1956. Minerals-Fibres Ltd. have also arranged for the sale of :3*090 short -tons, :at"'" 97.16. 3 per short ton (less b% to Minerals Fibres Ltd.) for delivery during?*295B;to theBternit Group in Europe who pare stated they-will take further tonnages if available. ... CHAIRMAN. ACTSTRALTAW 3Lgg ASBSSTOS LnilfiD, Minutes of Meeting of Directors bold at Bo.l 0* Connell Street, Sydney, on Thursday 19tb January* at 10.0a.rn* Present! Directors! Messrs* K* 0* 3ron (chairman) J.A.dlmsll* and H.G.King, ...C.Higgs In attendaneei H*H*Brnnan. litnuLeil The Minutes of tbe Meeting of directors bald on '1st December, la5, .ere confined and signed* Managers*. neporti Tbe Managers* Report for 4 & 27tb December, 1953 was tabled. Tbe following are the figures as shown in tbe Sales 4 stocks? Managers* Report - 4 7.S. Production SUes Stock 27tb Dec*1955 547 1541 Cost Tbe estimated cost to produce end sell fibre for. tbe 4 weeks ended 27tb December was 102*74 per short ton f.o.b* Premantle compared with the cos*, te date from 1st July of 101*28 per short tom f*o*b. Premantle* It was agreed that for the purpose o. calculating the four weekly Profit and Loss figure I the average gross selling Price should in future be cUculated at 96 per short ton f.o.b. Fremantle* She bank balance at 27th December was 13*678 and fibre proceeds amounting to 228*133 had not yet been received from the C*S*R* Co* Ltd* It was agreed that as from 1st January. 1956 interest at the rate of per annum, payable quarterly be charged to the C*S*R* Co* on surplus cash held by them end this arrangement was approved by that Oompany* Tbe following U*a* Expenditure was approved* Form Io*208 1* 500 IU Transformer 85 It was agreed that the following plant Th< purAsod be hired from the C.S.R* Co* Ltd* Form lo. 208* 1* 500 571 Trsnsformer 1*282 Accounts^^ The Accounts for the half year ended 31st Decsnber 1955 showing a loss of 74675 wore tabled and approved* / CHAISMAI. C 0885 >j Mm * BmUbc r hmm mm * Sa a Bat ttrwt on Ttiraliy I2tk A^Uit 10* mb. 14* n&f (Qi1bm} J*X ffwlto H.K. mb (lltoimti MtmMt for Kr. J. 1956 r oiwtMa mi ob istk JUprt tm 4 V4. 20m M Ml tablM* HIM ftltot *fc la tfa* ftUcdaf arc tha 415 **< 3took - 2Q/V& 2m 1 to 201k Unto bi <332^6 . tfktteal toteto Mil fXfan for tbi 4 f.O. lit *MT, 1956 uUolto tototo 09D it 20k knh Ml 22*2*. art la ntmia 162,533 m lta to tto 0.6.6. Cm LtA. /f 5.A. 20! - iMdlklia <rt 1000 Mf tColMtel 'mb to* 206 - TtotilUMi of 1*211 Air It toeajuOMXtt* 206 - ImSH AUSTRALIA}} A32IST0S LIUT.TD. Minutes of Meeting of Directors held at No.l 0*Connell Str*-l, Sydney, on Thursday 13th '*n. January* st 10.0a.3. Present: " Directors: Messrs. K. 0. Brown (chairman) J.A.oimslie and M.G.King, .\.C,Higgs In attendance: ii.ii.Brennan. The Minutes of tne Meeting of Directors iield on ^lst December, l^-, .ere confined and signed. M-n:;grs report: The Manager:;* Report for 4 .3. 07th December, 1355 tabled. production The follovTing are the figures as shown in the Stles & stocks: Managers* Report - ` 4 7.3. 27/12/E5 S/Tons Production 422 Sales 547 Stock 27th Dec.1955 1541 Cost k Sfiiiiap Expenses: The estimated cost to produce and sell fibre for the 4 weeks ended 27th December was 102.74 per short ton f.o.b. Fremantle compared with the cost to date from 1st July of 101.28 per short ton f.o.b. Fremantle. It was agreed that for the purpose of /.calculating the four weekly Profit and Loss figure lr*the average gross selling Price should in future *' be calculated at 98 per short ten f.o.b. Fremantle. Bank Balance: The bank balance at 27th December was 13,676 *nd fibre proceeds amounting to 223,153 had not yet been received from the C.S.R. Co. Ltd. It as -igreea that c.s from 1st January. 1356 interest tne rate of 'cjk per annum, payable ciu&rt^rly be / charged to the C.S.R. Co. on. surplus cash hold by - them and this arrangement was approved by that Comply. P.The foxiowln.,: cJu:iturc: Expenditure ?. arprovea. Form No.202 1. 500 XVA Tr-nsfcrmer 82 It sereea that the following pl=nt vr.cn purdased be hired from the C.S.R. Co. Lta. Form No. 203, 1. 500 KVA Transformer 1,2:87 Half Yearly Accounts The Accounts for the half ye?.r ended 31st December 1955 snowing a loss of 74675 were tabled and approved. dj::d - V-.o rv.*;; cf dstos Fcr.'onr.l ivr/ ^asss; ztaz U-ro a copied to terd F. Scruggs. CHAIRMAN Hamms giro JgBBa MbzIm rf fttttf-f f Dinstar* )ui3A t ** 1 (PGutuXL St** SjSrft**? 1*T*xoutA?56 itlOa.*, *. X*0 Braoo (Chetrn)* H.0* tlnfc XI* A.6. In itMaw B&< lb* naia** th XmUbi of Blraton haSft. n 19th & M*1* Bepcrt ftr 4 VX 24th Jrany ns trttoS* Va f'.r. If;. MTttMffF aim .At&AdBBBl steak n/i/sxta^ lb* follwda* erft ftr Oxodo9 0ro t- 32r- saMaitteftmffMt^zwar ttmdt Ztdft Befcto* fefctftrfoa* fc*U rttrolit* Jfant*H4oo* MLUthArtSod I Short Tea - ^0SberltttM 82f5t i a 59 ** tfc* toft fi*h Tr--aH* MS99U max fttv* ftr tfco 4 ME*90 per ftorl tea f*o.h* Mt^ejr<riU2;)5 tho uMwtift profit fertfc* prtrt *2? tto Bank toltrwe at 24th ftnagy, && m* 23,224* on* ft , iMittwi % inlamo tf 209*488 m on lo*a to the &.S.K* co*^ T4d Tt mr r-nTtr--1 tint mono--iti Tam forth* teac*V^ Hr* P%C* Tboaas to ilstt t/hy la tfao Tho MXonl8C CopitoX ftyeoStturo m invend 1- Torm 1% 204. Ie*tott*tl250n iltmterfor* Bo. 205 2*500 m TmvttnmPM - XtBtaXUt&flB. to 0725* m ' ^mil ** glTan for tho ftfteoftf pint ^bm ptrnfmmA to bo hire* ftm tho C.S&. Co. Ltd* u Tent Bo* 205 2 - 500 m Trmaafon*r* (Txasaftr Area Ceoocgd) 25&4* Produced in the metier of Asbestos FersonaJ hlur/ Crises: Abrams Usd & copied to Richsrd R Scruggs. Hinrtss of Kaatia* of Hrsctees bald at Bo* 1 OtCnmn St*, Sj&up m Tlgrwly 35tt Xarch1956 at 10 _ KQ Bran (Qaim^ X.G* r* JO* ELnalia, U* Slgg** Ta Atieodanfis - Mr* A* MsskiatoA and 8JU Brannan Sioitfi Tbs MLnrtas^f^tfas Haetia* of Kroeters hold on 17th FiLwuy St Kanrgwa* Report for A V.S* ZUt )*ta7 u tahlad* *Tt*aBUtn lb* fftllartng ars tbs flgarss aa iham in tbs ftfltffift 3frw> 4JtKA^ i* Bapcrtt- . Prortmttaa Sal stosta/V* 14 CostJtlbs sstSaaisA ooat to prodaos and soil flhra for tbs A vks gBSUtt*- tadi 2Ufe Tabroaay w CLQU70 pr tf*rt tan fo*fr Trintlo oaqmrsd wttJf tbs eost to data sines 1st taasxp-, 1754 of 003,54 par Acri taw The sstlaatsd low for tbs parted ns 0*184 szd th* loss to data this Mf Tear && finfc gnlWtt* ;tb* bash balsas* at 21st ?A*ou7* 3954 vu CI5>U5 and Is ., igltla a bslsses of cn loss to tbs C.S.R* Co." It u rtsolnd that tbs application for tbs sorrsadsr of laass ... Bast POtcqraw 9 bt algos* sad seals* with tbs Ceapsqr9* tool ife* tf?1 j srri If1% Tf.ftVTTrsnTn fit rrrfhnrtiol to nnrmtarsi pi tbs srrt4--4-~ ' low- Tbiaapplinatlfic Isaasdltinnsl. so tbsapplieatico fartbssrsato-bs Tosllfifetsa-ss aBaslasas^Araa-sad Itasidsnttolgr-- bain* grgRtad* 0A^ jpAltigti Tbs foiltaring 0*A. Sspsodltar* saa approved *Stones Arcs fer psoesssad fibrs - 3,853 A I CaUFIM. Abrinis Lc?d s R/cha-d E S^5Csrd 10 Preemtt Htnateal KQfiOClfi Rgpcrti Cost & East Balancei . AggnUttABBIgg ASBESTOS Itartea of Meeting of Directors held at Ho. 1 Bent Street# Sydzt^ on Onreday 12th April at 10. a. au Director# -- Hears. K.G. Xing (Chalxnas)* J.A. and 3.R. Brennan (Alternate Director for Mr. J.L.Tucker the Minutes of the Meeting of Directors held on 15th Harsh# 1956 were confirmed. The Manager# Report for 4 V.S. 20th March vaa tabled. as show la the Manager1 a Report Production Sales Stock - 20/3/56 415 Sftms 390 2074 " Ortas, the fbllwiag Oder# bars hem received since tha last Meeting - ,,. _ Crada S/TCP# Soclsta Italian* per L* J&asto*Itely 1 Carters (Merchants) Ltd. 1 Johne-ftarrille Corporatice 5 IJO 500 The Satireted cost to produce ead eell fibre far the 4 veeks ended 20th March was 112.26 pa short ton f.o.b Frratntlo utth the east to dste since let January, 1956 of 106.4 per sheet tea. Tha estlaated loss for tha period vaa 4*353 and tha loea to date thla half year 4*983. Tha Bank Bel erics at 20th March was 11*234 and in a balance of 182*533 ae on loan to the C.S.R. Co. Ltd. // The following U.A. Expenditure fen# vore approved $ 7am Sc. 2C7 - Installation of 1000 c.f.au Air Ccepressor at Colonial Gorge 2200. ?oxn So. 208 - Installation of N.211 Screpa Eaalsra 150. Zt vaa agreed that the following plant wh*n purchased be hired frta The C.S.R. Co. Ltd. ___ Fora Ho. 208 - Ho.IZXL Scraper Hanlara 5563. 1f?er of . >r-v Cc:ss; '`.~n*rd FJ. 'Vt>c;wugg^sw.P`cl to . Chalrosn. AflSCtAUAI? ptjte ASBESTOS Minutes of the Meeting of Directors held at Ho* 1 Bait e*--* serins an l/^^Mariav 9th Mav at 10. a.n. Preeent: hectare Mosers* 24.G* King (Chaixsan), J.A. SlaiiHe, JUC.Higgs and H*R* Bxwinan (Alternate Director for Mr*J.L.Tusk Miautegt The Minutes of the Meeting of Directors held on 12th April* 1956 vffe confirmed* Manager1 fcepcyt^ He Manager's Report for 4 V.E* 17th April was tabled* Production Snlea & 'tacks* The foliating are the figures as shows In the Manager's Heport Production Sales Stock 573 S/Tcca 22 2618 B So orders hare been received since the last nesting* The prodactiaa of 573 S/Tcns is the highest yet recorded and was an Increase of 158 S/7ana over the last period* Sales were loir doe to lack of shipping opportunities. It Is anticip&tedihat 19 to 1000 tons will be shipped the next aenth* tert-S ^ning gear The estlasted cost to prodcoe and sell fibre for the 4 veeks ended 17th April v&a 39*03 per abort ton f*o*b* Fremantle compare vith the cost to date since 1st January cf 100*92 per short ton* The estimated profit for the period v&a 8,255 and the Profit to date this half year Is 3,172* He Profit figures do not the Subsidy recently approved by He Cocaaccwealth Govaraacnt* CoBsonvealth Subsidy, ; !, ` The Minister for S&tioaal Development has advised that the Coonarafealth Gorgrnaeot has decided to assist the operations of the Company to the octant of 5 per ton of fUre transported frot VlttenooB to Point Saason up to a of 6,000 tens for the year ended 30th September, 1956* It is pointed oat that the subsidy is current far 1 year only* The Coreraamt also deoided to eetabllda a ocoeittee of departmental officarato watch pro* grass cf the coopany vith particular attention to production and aarkotlag, -- Increase^ Following the visit of Jobne-MaaviUe officers to tfittenoco and Output* their advised Intention to order 7000 tons per of So* 3 Grade far the next five years, plans have been prepared at the nine for increasing the sdll capacity In tvo stages* Stage 1* 12, COO tans per asms* Install-a dry rod iho n-:?r cf Personal ifirj Cases; .;.`n u cccjcri to and increase bln storage capacity to permit 7 day per week Billing* To become effective July 1956* Sstiaated cost 40,000* Stage 2* 16,000 tons per anmn* Additional dry red sill, banner mills and screens* T0 become effective January, 1957* Estimated cost 40,000* The Bank Balance at l?fch April vas 20,130 and in addition a ,/ balance of 237,274 vas on loan to the C.S.R. Co* Ltd* Ui gpwd Plant; Tbs following B.A. Expenditure vas approved iFan* Ho* 209 - Suspension cf Mill Capacity - 25,510* Approval vas given fer the following plant vbsn purchased to be hired fraa the C.S.3U Co* ltd i- :om Ho* *09 - Plant for scansion of Mill Capacity - 23,300. &ATPUAV. aoS^ALIA^ ?tTB ASBESTOS UP- Klaatee of the Meeting of Directors held at So. 1 O'ConnelA Street* Sydney on Wednesday 6th Jane* at 10. a.a* Py^rfrti Mianta^i fosses Plreotcrs - Hesars. I.O. Bream (Chainaa)* J.A. and H.R. Braoaaa (Altua.te director far Mr*J*L.Tucker) la attodanoe Mr* A.C. Biggs* The Minute* of the Meeting of Directors held on 9th Kb?* 1956 were oonflmed aad signed* The Manager** Report for 4 M.R. 15th May m tabled* ^yodactlgn Bales & Stocks*, The following are the figures at shoes in tbs Manager's Report t- Production Sales Stock 15/5/56 597 8Aeas 1196 2018 * g*V**tf yrr%*weee Benfe nlaee Since the last seating as ardor for 5 S/Tons Grade 4 fibre has been received fro* Asbestos Product# Pty. ltd* The astiaated cost to produce and sail fibre for the 4 veaks ended 15th May vae 90*05 per abort ton f*o*b* frcnsstle ocnparad with the cost to date since 1st Jhxmaxy of 98*22 per jfccrt too* The eatlaated profit for the period vae 10*808 and the profit to date this half year is 31*184* This to-date profit inelsdes V*A* State OofegniAeat Subsidy frco 1st January aad Cononwmlth Ooremaent Subsidy frcn 1st October* 1955* The Bank Balance at the 15th Jfcy vaa 6*922 and in addition a balance of 218*328 vae on loan to the C.S.R. Co* Ltd* / fiaalW Expenditure! The following U*A* Expenditure was approved *. fora Ho* 210 211 200 B*P* Sleotrio Motor 2*706* Installation of Boston 7.S.B.Z. Engine 4*500. Hit*Pil*nti It vas decided to purchase the plant at present Hired Aron tbs V Ji Colonial Sugar Refining Co* Ltd* at an asount not exceeding 183*000 providing the C.S.R. Co* vae prepared to sell the plant to oe* i AHbsrcaomctsosUPsedrs1onxapl iJnsjudrytoCa--se-s; rJchsrd K Scruggs. ADSTR&IJAg BOTS ASBESTOS.......... Hlontes of Resting of Directors hold at Tic. 1 0*Conae21 Street* Sydney os Thursday 5th Ja2y, 1956 *t 10 a.a. Frepanfet Minutest Qrdam Coat & Sailing Sxponasa* Bank Blano^> n.i. larreafro Output- Diroetors - Messrs* *0# Broan (dm*man) J*A* T**,ni4+ H*G* Slag* In attendance -- rtr* A*C* Biggs & Mr* *8* Brennan The Managers Report fbr 4 W*B* 12th JUfl# van tabled* Production Sales 6 Stocks* bo fallowing ar the figuree as shown la tbs Managers Report. Prodaotion 601 S/Tons Sales 1097 * Stock 12.6*36* 1615 * 4a order for 1 tan of Grade 2 Fibre for ahipseet to Lisboa has been received Csm Minerals Fibres Ltd* sines the last nesting* The estimated cost to produce and sell fibre for the 4 weeks ended 12th Jane was 89*73 per short toe f*o*b Freaafltle eoapered vith the cost to date else* 1st -Ternary of 96*50 per short ton* The estimated profit for the period vss Ql* 302 aad the profit to date this half year is 42* 486* The Bank Balance at the 12th Jfc&e was 25*175 and In addition a balance of 77*696 vas on loan to the C.S.R. Co* Ltd* This balance van after the porches# of the Float previously hired free the C*S.S* Co* Ltd* fbr 0.60*000* The following <J*A* Expenditure ves approved* Fora Ko* 212 Sunstrend Adding Machine. 090* It was decided to proceed with the installation of equipment and services In order to build up production to 17*000 S/Tona of fibre per Produced in the rn.`t!?r of Asccctcs FcTCV-Hi 5** .' .. Vf - AUSTRALIAN BLPI- ASB15TQ& Minutes of Meeting of Directors held at Ho. 1 O'Connell Street, Sydney on Wednesday 1st August, 1956 at 10 a.a. Present. Directors - Messrs. K.O. Brovn (Chairman) J.A. claslie and M.G. King. In attendance - Messrs. A.C. Higgs and H.R. Brennan. -Minutes. The Minutes of the Meeting of Directors held on 5th July vers confined and signed. Rgnort. The Manager's Report for 4 V.?:, 10th July vas tabled. Contents of this report include** Production Sales & Stocks. Production Sales Stodk 10th July, 1956. . 4 W^lOth July. 1956. 605 S/Tons 622 1598 " Cost & Selling ftmcnses. The estimated cost to produce and sell fibre for the 2 weeks ended 26th June vas 79.41 per short ton and for the 2 weeks ended 10th July was 93.07 per short ton. The estimated cost per short ton for the 6 months ended 30th June, 1956 vas 94.99 per short ton. The estimated profit for the 4 weeks vas 12533. A Contract for the sale of 5 S/Tons Grade 2 Fibre for shipaent to Eternit Genoa, has been signed since the last meeting and an order received for 50 short tons Grade 3 fibre from Goliath Portland Cement Co. Sank Balance. The Bank Balance at the 10th July vas 34,392 and in addit ion on amount of 82,03$ vas on loan to the C.S.R. Co. Ltd. Half Yearly Accounts. The Accounts for the half year ended 30th June, 1956 shoving a net profit of 59,287 were tabled and approved. The net loss for the year ended 30th June, 1956 vas 15,388. Overseas Visit. The Chairman stated that Mr. C.H. Broadhurst would be leaving Perth to-day for Japan, Thailand, Malaya, Siam and Indonesia on an IS day visit to promote sales. Chairman. "3f Of :&TLCq**&i APSTRALIAH BLPg ASBESTOS, Minute of the Meeting of Directors held at Bo.l 0* Connell Street Sydney on Friday 3lat August, 1956 at 4 p** Present* Hanagerlfl Report: Directors - Messrs* I.O.Brcvn (Cbaiman) . J*A*RLaelie and H*G*Xing* In attendance - D*S*Shaipe* Ifce Minutes of the Meeting of Directors held on 1st August vers confined and signed* The Manager *8 Report for 4 W.5. 7th August, 1956 ms tabled* Contents of this report Ineludes - Orders* ^jaga^ Z*2i pa. Expenditure* Kr> Rroadhp^^ff Expect* Production 655 3/ttts Sales 751 * Stoek at close 1528 ; * . 10th July (605) (622} (1598) ?lft frfl siting Expenses* The estimated cost to produce and sell fibre for the fonr veeks ended 7th Augnst v&a 96*24 per short ton f*o*b* Freaantle oonp&red with the eost to date since 1st July 1956 of 95*22 per short ton* The estimated profit for the 4 veeks vas 6905 and the profit to date this half year is 11,839* Bank Balance at the 7th August. vas 29*936 and in'-addition an amount of 96,463 vas on loan to thc'CJSJU.Co* Ltd* Ho orders vere received during the period* It vas proposed to hold the Annual General Meeting on Wednesday the 26th Septenber and that the Secretary shonlri notify shareholders accordingly* Payment to Merry & Marry'for Audit Fees for the / year ended 30th June 1956 totalling 665*10*6* ' vas approved for payment* It vas resolved that the following capital aependiture be approved: T.A.Fora Ho* 213* plant Extensions tf.A.Fom Ho* 214* Wet Frooess Ho.4. Grade Fibre 24,364. 6,000. Mr* Broadhurst*s report on his recent visit to Japan and other Eastern countries vas discussed* Produced in tba ms&sr of Asbestos F.-'rcvno! I . tv' Ctzoz V F,i-iiu;d tr. icruens. io Chairman ^nSTRALIAN BLOE ASBESTOS# Klauteo of Mooting of Directors held at Ho*l O'Connell Street, Sydney on Wednesday 26th Septenber 1956 at 10 a#B* Preeenti Mlrmtest A. # K^agertB Report. Jrtml Aoceftmte Auditors Rgport_& Directors Reports gA*tocndltnrei Directors - Messrs* R.O.Brovn (Chalna) H*GIiag and J.A*Elttalie In attoodance - Messrs* 1*0*. Higgs and B*R* Brennan* The Minutes of the Meeting of Directors held o& 31st ingest vert confined and alpied* She Manager's Report for 4 V*S* 4tb September 1956 vae tabled* Oontente of this report includes totottoa. foist b gyygftjt Production S/Tons 714 Sales * 509 Stock at close " 1736 ( 4 V.S. ) (7th ingust) (655) (731) (1523) Cest and Selling ftreanses. Zhe * estimated ooet to produce end sell, fibre for the four veeks ended 4th Septe&ber 1956 vae 436*31 per short ton f.o.b* Trenantlo oenpared with the cost to date since 1st July 1956 of 391*64 psr short ton* the estimated profit for the 4 veeks vas 11924 and to date this half year it 23753* the Cemnonvealth and State Government sobsidles totalling 10 per ton are included an 392 tons only for this period as this quantity completes the tonnage of 6000 tons on which Government subsidise are payable* Bank a# Credit Balance at the 4th September vas 14700 and in addition an anount of 85979 vas on loan to the C.S.R. Co*Ltd 5o orders vere received during the period* the Balance Sheet and Profit and Lose Account for the year ended 30th June 1956 together vlth the Auditors Report thereon and the Directors' Report vere tables and approved and the Balanoe sheet and Directors1 Report vere signed* The following D.A*Erpttiture vas approved*- &i*?OTB So* 215* One 30" vide firoughed belt eonveyor for Coleaxial Gorge 8560* Chatman. AtBTRAilAM BUB A3S3TOO LIP. XIbeUs of the Meeting of Directors hold at Ho. l O'Connell street, Sydney, on Tuesday 15th January at 10.30 a.n. JttB&Sftftt giaorti Order*t SStSUBEtf Taariv AgggBBgU Msssrs. Brow, Sinslie, Brennan (Alternate Director for Mr. J.L.Tueker) In Attendance Mr. Tardon. The aimtot of the Mooting of Director* hold on 18th December, 1956 voro confirmed and signed. Tho Manager'* Report for 4 w.E. 25th December va* tabled. Production Salem A Stock*. (4 w.E. 27th Her*56) Production S/Toa* Sale* S/Ton* stock at Cloae 3/Ton* 801 117? 185V gflil i fitUlai amam* The ectlaated cost to produce and tell fibre for the four weeks ended 25th December va* 87.86 per short ton f.o.b. Fremantle compared with the estimated cost to date since 1st July, 1956 of 84.71 per shot ton. TBs estimated Profit for the four weeks was 8163 and to date this half year 65f668. Since the last Meeting orders totalling 30 8/Tons Grade 111 have been received for delivery to India in 1957. The following Capital Expenditure was approved. Perm Ho. 222 Bleetrie Motor 900 Form Ho. 223 400 Ton fuel oil Storage truck 6055 Form Ho. 225 Ricetrie Motors for Rod Mills 2830 The account* for the half year ended 31st December 1956 shoving a net orofit of 70649 were tabled and discussion deferred pending receipt of Manager's Report. It was resolved that the Agency Agreement between Mae Robertson Miller Airlines Limited and Australia! Blue Asbestos United be signed and sealed with tbs Company's seel and Mr. H. R. Brennan was authorised to countersign the agreement. CRAXRMAH. C 0398 imtTBlT.TiM BMK ASBOgM MB* of tho Mootiat of Dtrootoio hold ct So* 1 O'Coonoll Strovt* 9j4bv Taood^ 12th rofcmorj, 3957 it 3Q0p*a SfiUMO&J Diraotorot Mooera* 0. Brow (Ohciraa) M*ft* flat * J*A* SlMliO la cttadaaoo Mr* H*R* Brinoo, Tho MiBctoo of tho Kootlag of Diroctoro hold oa 15th Jaancry, 1957 vro ooafUMd oad dcaod* Tho >taao(a*f floport far 4 V*S* 2&d Jcanary m tabled* p*"*"*4TM *t~ * (4 v.E* 25.D00.) Prodootloa S/Tao Sola * Stock ct Clooo 874 767 1958 (801) (1178) (1854) Trtl--m Cart rt fnflV Tho ootla* d coot to produce oad o#U flbr* for tho 4 vMca aded 23* Ja. vu 03,92p8,T f*ofc* Freoootlo eo^ored vlth tho octlated 00ct froo lot Toly to 25th Decoder, 1956 of 04*74 per Wort too* Tho ootlactod profit for tho foor voeks oco 12306* Slaoo tho loot aootlac* oidcro totalling 50 8/Tao Grade 111 hero boa received far deliver? to lada la 1957* ^ho follovlac Capital Sipoadltare vac approved* Tara >0* 224 Eloctrlart Coadaoor Tnctallatta 7900 So* 227 Diooal llteimtor 8ot <0344 Chalraa* AmTBllilg ~LTC 13BBTflB LDC7TO. Minotee of Meeting of Directors told At Be* 1 9*CobdaUL Jtreet* 3j&nar, m Wednesday 13th March 1997 At 10wl5 *.*. Present* Dirootor*. Messrs. E. 0. Bran (Chairman) M*G. Ub(i J*A OhIIs isd XAJkS&SdABBlA Heesr** A.C. Mackintosh and H.iuaronnaa* The Mlautee of the Matting of Director* held on 12th Fetarur rj 1957 were confirmed and signed* The taaegers report for 4 ?.E. 19th February vaa tabled. Production- dales A Stooka. Production S/tone Sale* 3took at Olooe 353 799 2015 The eetlacted coot to produce and sail fibre far the 4 seeks coded 19th February ** 91*20 per S/ten fo*b* Fromntle caapared with the eatiaatad eoct frog lot Jaatary ef 97*51 par short ton* The Manager explained In hla report that the lasreued east of prodaetlea vu due to a daoreaee of 20 short tone production^ 20 too reject fibre serried over to ncoct period aid overtine vot* restocking fibre doe to ler(e etoske* The eetlacted profit for the 4 seeks was 5901* SUdLShlASUa The credit helanss at the 19th fatrmxj 1957 vaa 15*754 and in edditioo an assort of 77*439 vaa on loan to tha C.S.R. Co* ltd.. The aamded eetinate for etore expenditure vis* trm 2*1000 to 330*000 for 6 M*E. 30th Jtne 1957 wee moted and it vaa agreed to obtain father particular* of th* iaorease frot the Manager^ before miring a daetalon* Sine* the last Meeting an. order for 1000 S/toae of Grade 3 has bom received for dellvesy to Jaaee Bardie k Co. The following capital Expenditure vaa approved* Ten Bo* 226 Mucha Hereuloe Lose vith spares Battery baa and batterlee* 01*199. 7om Bo* 229 Main Mine Cable for Colonial Gorge* 2400. Ckdzwu* attstRALIAN. BLUE ASBESTOS LIP . Minutes of Meeting of Directors held at No* 1 O 'Connell Street, Sydney, on Wednesday 11th April, 1957 at 10*15 a*m* Minutest Messrs* K.O.Brovn (Chairman) M*G*King and N*R* Brennan (Alternate director for Mr*^ J*L. Tasker) In Attealanee Mr* A,C, Higgs and Mr* A,Kaekintot&- The Mimtes of the Meeting of Directors held on 13th March 1957 vere confirmed and signed* The Manager's Report for 4 tf.E* 19th March, 1957 was tabled* ProdoctlonSales A Stocks, 10 Fehl. Production S/Tons Sales " Stock at Close 665 1312 1578 Estimated Cost d Profit. (853) (76?) (2015) The estimated cost to prodace and sell fibre for the 4 v*e* 19th March was 92*1 per s/ton f.o*b* Premantle compared with the estimated cost frcn 1st January of 89*15 per s/ton* The estimated profit for the 4 weeks was 4835 and to date since 1st Janaary 1957 vas 22942* AAfc_2llfiQCJLt, Jhe credit balance at the 19th Kerch vas 26462 and In addition an amount of 122,615 vas on loan to the C*S*R. Co* Ltd* CHAIRMAN* < * C 0901 f.. K, M: ui.. r'rA-- ^CSTRALIAS BLCS ASBESTOS Minutes of Meeting mf Directors held at Ho*! O'Connell Street, Sydney on Tuesday 4-th June, 1957 at 10.1? a,a. presentt Directors! Messrs. M.G.King, J.H.Claslie, ".R.Brennan (alternate Director for J.L.Tucker) la Attendance, Mr. .*,.c.Higgs. The Minuter of the Meeting of Directors held oa 8th May were confirmed and signed. atMgffr'a. Report The Manager's Report for 4 *.E. 14th May, 1957 vas tabled. ercdBcllQB rale: l,S taste* Production c/Ton* Sales Stock at Cl ose 953 1172 1808 (4_,-- . JL6th Anrll) (803) (387) (1998) Estlaated Cost A Profit. The estimated cost to produce and sell fibre for the 4 w.e. 14th May, 1957 was 93*27 per S/Ton f.o.b. Fremantle compared with the estimated cost from 1st January, of 93*17 per S/Ton. The estimated profit for the 4 weeks wee 4*03 and the to date Srofit since 1st January 25,375* The freight frca auson. to Fremantle has increased by 30/* per ton as from 1st February and this has been adjusted during this period. The following sets out the cash position for tbs polodi ' , ermflM-it.yttti. Opening Balance 17thApril 84518 Expenditure 121191 Receipts other thanFibre 26665 n Fibre 129422 Closing Balance 14 Kay'57 Bank 0& loan to C.5.R. Total 2R248 61268 84516 From 15th Kay to 4th June estimated expenditure is 48250 and receipts from fibre sales 47530* The following Capital Expenditure was approved* A.B.A. Wo* 230 mbit Mill Installation 1,600 Bo* 231 Introduction of the Rotary Ore Drier in the Kill circuit 2,000 Bo* 232 Twelve AtlasBook Drills 2,400 Bo* 233 Hotel Requirements 950 Bo* 234 Retail Store Alterations and Additions 3,488 Bo* 235 Kotor Fehlels Replacements 3,400 It was resolved that the form of surrender for Business area lease Bo* 203 for transfer of the land at present occupied by the Police Department to that Department be signed and sealed with the Cempasv** seal and Mr* H*R*Brenaan was authorised to countersign tbs transfer* / AI7STEALIAH blub asbestos ltd. Minutes Tor Meeting of Direeters hold at Ho* 1 O'Connell Jtreet* Sydney on Wednesday 3rd July,1957* Present )hMa*<i Ffnanc^t Directorsi Messrs* K*0*Bown, J.A*21nslie H.R.Brennan (alternate director for Mr* J*L*?ueker) The Minutes of the Meeting of Directors held on 4th Jtae vere confined and signed* The Manager's Resort for 4 1957 vas tabled*' 11th June^ Production Sales A Stocks u ^s 1W?2 Production S/tone Sales aotk at Close 984 520 2270 (953) (1172) (1806) SnVeMtifl Coat 1 Prom* The estimated cost to produce and sell fibre for the 4 E. Uth June 1957 vae 93.61 per s/ton fo*b* Frenntle compared with the estimated cost from 1st January* of 92*43 per S/ton* The estimated profit for the 4 weeks was 4312 and the to date oroflt since 1st January 29667* The following sets out the cash position for the periodt sssOpening Balance 15 May Expenditure Receipts other than Fibre 29681 " Fibre 56389 84516 121191 26665 129422 Closing Balance 11th June*57 Bank On Loan to C*S*R* 30S0M3S8 20071 rate Total 35038 119412 From 12th June to 2nd July estimated expenditure 1* 53550 and receipts from fibre sales 100060* Mr* M*GClng is visiting the mine from 2nd te * 6th JUly* CBAIRHUT. C 0903 4 0 U 7U^ ajMAUAB BLUE ASBESTOS LTD. Minutes of Meeting of Directon held at So* 1 O'Connell Street, sydmey on Thunder let August, 1957* Pnonti wftut. ZlBftflGA* j Directors* Messrs, X*OwBxovn<Chairttan) J>AA.C.Higge. In Attendancet B.R .Brennan. The Minutes of the Meeting of Directors held on 3rd July vers confirmed and signed* The Manager's Resort for 4 W** 9th July, 1957 vas tabled* Prodnetlon_Salee A Stocks *t wfi* ll/fi/57 Production S/tone Sales " Stock at Close * 965 1025 2203 964 520 2276 Istleatsd Cost * Profit The estimated cost to produce and sseell _fr_li_bt rie for the 2 VJE. 25th June 1957 vas 97*43 per short ton and for the 2 w.E* 9th July W7v** 92.75 per short ton F*0*B* Fremantle. The estimated cost from 1st Jannarr to 25th June vas 92*84 per short ton F.O.B* Fremantle* The estimated profit for 2 veeks ended 25th June vas 256f and for the tve veeks ended 9th July vas 2,637 The follovlng sets out the cash position for the period* fmtgw `tT.Wttla Opening Balance 35,038 119,412 Expenditure Receipts other 108,070 170,4Uf than Fibre Receipts Fibre 30,105 109,020 29,681 56,389 Closing Balance 9th July Bank 24,462 On loan to C,S*R* 41.6*1 3522 30,038 5.000 The Aeeounte for the naif year ended 30th June 1957 shoving a Bet Profit of 57,819*8*6 vere tabled. Zt vas resolved that the forms of surrender for release of Buslneee Areas 204 vp and 207 VP be f' signed nd sealed vlth the Company's seal and Mr* S.B.Brennan vas authorised to eounterslgn the forms* These leases are situated betveea the Pest Office and the Cinema and are being surrended for the use of the Tableland Read Bo*rd for the ereetlon of a Ball, Office and Board Room* The follovlng 0.A* Bxpendlture vas approved. Fora Bo* 236 Ferguson Tractor vlth front end loader 150 2S Io*2 Dust System Extension of Ore Conveyor 18300 4e4o 18 Installation of Cobra 111 3000 Installation of & Symons Bar Orixaly 180* 241 Installation ef Symons Screen 650 Ifiasft t -2- Font No* 242 Installation of Bausr eearator 243 Installation No*2 Rolls 244 Raising B4 Bolt Conveyors 650 600 650 \ ATTRTftALIAff BLITS ASBESTOT LTD. Minutes of meeting of Directors held at No.l O'Connell Street, Sydney on Wednesday 28th August at 10 a.m. masi&t Minutes* Maa^r*? Renoytt Finance* Directors. Messrs. K.O,Brovn (chairman) J.A.Elmalie and H.H.Brennan (alternate director for Mr. J.L.Tucker). The Minutes of the Meeting of Directors held on 1st August were confirmed and signed. The Manager's Report for 4 W.S. 6th August,1957 vas tabled. 4 tf jg. Production ^ales A Stocks. .9tfr filly,t1957 Production S/tons Sales Stock at close 103*+201 3041 965 1025 2203 Estimated Cost and Profit. The estimated cost to ?roduce and sell fibre for the 4 W.E, 6th August, 957 vas 89.81 per S/ton F.O.B. Fremantle compared with the estimated cost from 1st July of 90.77 per short ton. The estimated profit for the four weeks vas 84-77 and the to date profit since 1st July 11,114. [ [ I j The following sets out the cash position for the period. fwttwa 4 weeks Opening Balance 10th July Expenditure Receipts other than fibre " fibre Closing Balance 6th August On loan to C.S.R. Co. 66093 107055 27034 U2386 56827 35038 108070 3d05 109020 24462 Bill of Sale* From 6th August to 27th August estimated expenditure is 52,100 and receipts from fibre sales 85036. It vas resolved that the memorandum of Satisfaction of Bill of Sale dated Thirteenth day of July One Thousand Vine Hundred and Fifty Fire between J.D.Tsakslos & Co. and Australian Blue Asbestos be signed and sealed with the Company's seal and , Mr. o. Sharpe be authorised to countersign the memorandum. C3AIRMA* C 0906 jr* A  TTRTHALIAW BLUE ASBFSTOS Minutes of Meeting of Directors held at No. 1 O'Connell street; Sydney on Wednesday, 25th September at 2.30 p.m. Presenti Directors. Messrs. K.O.Brown (Chains-n) M.G.King and J.A.Slmxlle In Mr. H.R.Brennan. Attendance Mirmtwg The Minutes of the Meeting of Directors held on 28th August were confirmed and signed. Reporti The Manager's Report for 4 W.E. 3rd September, 1957 was tabled. Production Sales Stocks. The following are the figures shown in the reuorti- 4 W.g. 3rd. September 6th August Production S/Ton Sales Stocks at close 925 2178 1808 1034 201 304-1 Estimated Cost A,.Profit. The estimated cost to produce and sell fibre for the 4 W.E. 3rd September , 1957 was 97.53 per short ton f.o.b. Fremantle compared with the estimated cost from 1st July of 93.31 per short ton. The estimated profit for the 4- we^ks was 21,567 to date this half year 17075. The following sets out the cash position for the period. Previous 4 Opening balance 7th Aug 56827 60093* Expenditure 228454 107055 Receipts other than fibre Receipts Fibre 28057 27031* 167453 112386 Closing balance 3rd September On loan to C.C.R.Co. 23885 56827 23489 27416 47374 84243 P.A.Expendituret grwttw The manager reported that receipts from fibre for 4 W.B. 22nd October are expected to be 142,100 and expenditure 144,900. The following 0. A .Expenditure was approved! No. 245 1 Baur McNett Machine for testing fibre 1,000 The Meeting was Informed that Mr. Broadhurst will be leaving Perth for O.X., Surope.Asla and America on 15th October and will call at Sydney on 16th / October. C 0907 W - mmm Minnie* of Meeting of Direetor* bold at no* 1 C'Ccaell Street, S|dnay os Wednooday 23rd Qrtcber at 12 noca* 2atBi* itfotttv olreetcre :teeor* X*0*Bre (Chairman) l.c.lii*, J.l.ZUolie* The Minotee of the Hoottin of Dirootcrt hold os 25th 3 opttabor vr oasflraod aad signed* rho Manager's Report for 4 w.!% 1st October vao tabled* Pwtafttloa Set*. a <*-**.- Tho foliating ora tho flgwoo thaws in tho reports* i tf.g. FTodootloB S/Toit Saloo Steak at olooo 905 U61 1569 925 2178 1808 ?.m--cat a Profit* Tho ootiaatod ooot to prodooo aad toll fibre fcr tho 4 ** lit Ootebar vao 495*39 par abort toa f*o*b* rwntlo oo^arod vlth tho ootiaatod ooot frm lot July of 93*37 per abort too* Tbo ootiaatod profit for tho 4 veoko vas 7452 and to data this half year 23977* Tbo following seta oat tho oasb pooitioa for tho period* 14a Opening balanoo 4th Sept* hpoditvi Roaoipto other than fibre Roooivod froa C.S.R.Ce* Cloolng balanoo lot Coteber, 1957* Ca loan to C*s*R* Co* (balanoo oaah hold fer fibre oaloo) "3,885 128,702 -3,059 . 98,943 22,185 39,586 56827 228454 28057 167453 23885 23489 Tbo follouiag n, I iruauljUio vao approrodt- Ho*246 1 Than GruOier. 4710 / It vao agreed to hold tho vasal Caural Hooting oo vodaoodoy tho 20th Hnwatw aad that tho eaorotary daoald notify / shareholder* acocrdingly* CHUHNUI AQSTttALlAU BLCS AC* LTP, M&xntes of Heeting of Directors bold at Ho* 1 0*Connell street* 8ydney oa Wednesday 18*4 Deeeaber, at 10*00 a .a* Kimitti lOitn. M.GJCing (Chainun) J.A*Elaslie A.c.Hijrgs and H. a.3reman (dternate director for Mr* J.L.T^ker) Tho Manager's Report for tho 4 w*B* 26th Hoveaber* 1957 vas tabled!- BWaita 8ai, > jttwta. v _ t&o following a** the figures shown la tho reporti- 2UUfi> 26th.Jar, 29th Oot- Production S/Toao Sales Stock at close" 1059 469 2467 1030 732 1870 ZmtlwAtmA Com* *d Ih* estimated coot to prrooduce aad soli fibre for the 4 w,fc, 26th Hcrveaber. 1957 vas 83,99 per tea fo*b Freaaatlo compared with tho ostlaatod coot froa 1st July of 90*61 per short tea* Tho ostlaatod profit for tho 4 weeks vat 5582 aad to dato this half year 33t998 Finance, Tho foilowing sots out tho cash position for tho period ops. Prowl<m* Opening Balance 29th Oet* 17549 Bxpeaiiture 160207 Receipts other than fibre 29002 Received froa C,S,R* 91510 Closing Balance 26th How* Overdraft* 22226 Cr* On loan to C,S,R* Co* Rll 22185 129350 26732 97902 17549 10980 Tho following CA*Sxpendlturo was approved!- 1 Ho* 247 Brunsvisa Model 16T Calculating Machine 130 252 Purchase and Installation of bagging Machine 10000 251 Two Joy double dross svapor haulers 54?0 250 Arc welding machine 350 249 Bxtn. to underground conveyer R0.3 , _ oro pocket 5300 240 Two fovert roelproeatlng punpo 020 CBAIRKII. C 0909 :'*d** > - - vj* . AUSTRALIAN BLUE ASBESTOS LTD Minutes of the Meeting of Directors held at No, 1 O'Connell Street, Sydney, on Tuesday 15th January at 10*30 a.au Z22& Manam *2. Reports Qr&ia t Capital Expenditure* Half Yearly Accounts.! Absjdsx Asxssm&i Messrs. Brown, Elsslie, Brennan (Alternate Dire for Mr* J.L.Tucker) In Attendance Mr. Vardon. The minutes of the Meeting of Directors held on 18th December, 1956 were confirmed and signed. The Managers Report for 4 W.E. 25th December vt tabled. Production Sales.. &_Stocks. (4`W.E. 2?th Not Production S/Tons ' Sales S/Tons Stock at Close S/Tobs 801 1178 1854 (82$> * (226) (2226) Cost & Selling Expenses. The estimated cost to produce and sell fibre for four weeks ended 25th December was 87.86 per sh ton f.o.b. Fremantle compared with the estimated cost to date since 1st July, 1956 of 84,71 per ton. Tto estimated Profit for the four weeks va 8163 and to date this half year 65|668. Since the last Meeting orders totalling 30 S/Ton Grade 111 have been received for delivery to Ind: in 1957. The following Capital Expenditure was approved. Form No. 222 Electric Motor 900 Form No. 223 400 Ton fuel oil Storage truck 605* Form No. 225 Electric Motors for Rod Mills 283C The accounts for the half year ended 31st Deeembe 1956 shoving a net profit of 70649 were tabled a discussion deferred pending receipt of Manager1* Report. It was resolved that the Agency Agreement between Mac Robertson Miller Airlines Limited and Austral. Blue Asbestos Limited be signed and sealed with t) Company's seal and Mr. H* R. Brennan was authorise to countersign the agreement. CHAIRMAN. < *\ ^ITBTRALIAN BUT? AS5ESTQSJ3a. Minutes of the Meeting of Director* held at Ho. 1 O'Connell Street, Sydney on Tuesday 12th February, 1957 at 3.00p.a. Sss&ssSa Minutes! Manager's Report! Orders: Capital Expenditure! Directors: Messrs. X.O. Broun (Chairman) *,G. King & J.A, iSln9lle la attendance Mr." R.R. Brennan. *rs; ' The Minute8 of the Meeting of Direotors held on 15th January, 1997 were confined and signed. The Manager1 s Report for 4 'J.E. 22nd January vas tabled. Production Sales ft ..Stock* (4 V.E. 25.Dec.) Production sAons Sales n Stock at Close * 874 76? 1955 (801) (2178) (1854) I ; Estimated Cost and Profit. . ; The eatiaafc sd oost to prodaoe and sell fibre for the 4 weeks ended 22id Jan. vcs 83.92 per S.Ton f.o.h. Fremantle eospared with the estimated cost froo 1st July to 25th December, 1956 of 84.74 per short ton. -The estimated profit for the four weeks v&s 12306. Since the last meeting, orders totalling 50 S/Tons Grade 111 have been received for delivery to London la 1997. j [ I ' I [ ,\ | The following Capital Expenditure was approved. ' Fora H No. 224 Electrical Condenser Installation No. 227 Diesel Alternator Set 7900 | 41344 j i i s Chairman. `i - 1 !4 Prcdxed in ttra mce: cf | Asbestos Personal i.;! jry Cases; Abrams Leri ccpisd to Richard R Scruggs. - 5 ) / atwt^lTAN BLUE tS^rSTCS LIMITTP. Minutes of Meeting cf Directors bald at Ho. 1 0ConaOI Street* Sydney, cn S/ednesday 13th March 1957 &t 10*15 a.m. Pfe3ent> Managers Report!-- Sim Jlonthly Fxtiaate Broerydltm-ay Dircetera. Messrs. IT. 0. Brown (Chairman) M.0. Sing, J.A. Slaslle and A.C.Higgs In attendance. He39rs A.C. Mackintosh and H.R.3renn& The Minutes of the Meeting of Directors held on 12th Febru: ry 1957 were confirmed and signed. The Managers report for 4 W.E. 19tb February vas tabled. Production Sales St Stocks. Production S/tons Sales n Stock at Close 853 788 2015 Estimated_Coat_& Profit. (874) (767) (1955) The estimated cost to produce and sell fibre for the 4 weeks ended 19th February was 91.20 par S/ton f.o.b Fremantle compared with the estimated cost frcn 1st January of 87*51 por short ton. The Manager explain* in his report that the increased cost of production vas due to a decrease of 20 short tons production, 20 ton reject fibre carried over to next period and overt work reotacklng fibre due to large stocks. The estimated profit for the 4 weeks vas 5801. Bank Enlarge. The credit balance at the 19th February 1957 vas 15,754 and in addition an amount of 77,439 was on loon to the C.S.R. Co. ltd.. The amended estimate for store expenditure vie. frcn 26} 000 to 330,000 for 6 M.E. 3Cth June 1957 vas note< and it vas agreed to obtain further particulars of the increase from the Manager? before making a decision. Since the last Meeting an order for 1CC0 S/tons cf Crade 3 has been received for delivery to Jaoos Kardle Jt Co. The following capital ihependiture vas approved. Fora No. 226 Mancha Hercules + Loco with roares Battery box and batteries. 11,585 Form No. 223 Main Mine Cable for Colonial Gorge. t Chairman.. araTRALIAH RLUF ASBESTOS LTD , Minutes of Meeting of Directors held at No, 1 O'Connell Street, Sydney, on Wednesday 11th April, 1957 at 10,15 a.au Managers Report1 Messrs, K.O.Brown (Chairman) M.G.King and H,R, Brennan (Alternate director for Mr, . J.L. Tucker) In Attendance Mr, A.C, Higgs and Mr. A.Mackintosh. 'Aie Minutes of the Meeting of Directors held on 13th March 1957 were confirmed and signed. The Manager*s Report for 4 W.R. 19th March, 1957 was tabled. Production Sales & Stocks, !4j:/^19_Feb) Production S/Tons Sales " Stock at Close 865 1312 1578 Estimated Cost & Profit. The estimated cost to produce and sell fibre for the 4 v.e. 19th March was 92.1 per s/ton f,o,b. Fremantle compared with the estimated cost from 1st January of 89.15 per s/ton. The estimated profit for the 4 weeks was 4835 and to date since 1st January 1957 was 22942. Bank, Balance. The credit balance at the 19th March was 26462 and in addition an amount of 122,615 was on loan to the C.S.R. Co, Ltd. CHAIRMAN AUSTRALIAN BLPS ASS5STCS LIFTED* Minutes of Heating of Directors held at No.l O'Connell Street^ Sydney on Wednesday 8til Kay, 1957, at 11.15 a.n. freest: Minntea: &Qll Zssst^l Capital Expenditure: Directors: Messrs. .0. Brown (chairman) M.G.Sing, J.A.ELmslie.a In attendance: Messrs. A.C.Higgs and H.R. Brennan. The Minutes of the Meeting of Directors held on 11th April were confirmed and signed. The Manager's Report for 4 W.E. 16th April was tabled. Production Sales & Stocks, A V.E. 19th March. Production S/tons Sales Stock at Close 803 387 1998 (865) (1312) (1578) Estimated Cost and Loss'. The estimated cost to produce and sell fibre for the 4 V.B. 16th April was 100.58 per S/ton f.o.b. Fremantle compared with the estimated cost from 1st January, 1957 of 91.85 per S/ton. The estimated loss for the 4 weeks was 2070 and the to-date profit since 1st January 20,872. The Manager commented that the reason for the increase In costs was due to the fall in recovery from 95$ to 88$ and the fact that 525 bags of dirty fibre had as yet to be retreated. Finance.' The cash credit balance at 18th March was 149,077 and at 16th April 84516 and of this amount 61,268 was on laon to the C.S.fU Co. Expenditure for the 4 weeks totalling 134778 was approved. Receipts other than fibre sales for the period were 31*717. From 16th April to 7th May estimated expenditure is 47,850 and receipts from sales of fibre 43,172. The following Capital Expenditure was approved:" No. 3 Dust System 18,400. trtt* AUSTRALIAN PL1JF, A'^STQS LIMITED Minutes of Meeting of directors held at No.l O'Connell Street, Sydney on Tuesday 4th June, 1957 at 10,15 a.n. rr^er*t* --^-~*** Directors* Messrs, K.G.King* J.ft.Elnslie, TT.R,Freni (alternate Director for J.L,'"ucker) In Attendance? Mr. -wC.IUggs,. i:. : The Minutes of the Meeting of Directors held on 8th May ver confirmed and sicned. &naji"xL. The Manager's Report for 4 W.3. 14th May, 1957 was tabled. production fales. 3? Stocks. (4. yt", 16th Aorll) Production S/Tons Gales Stock at Cl*ose 953 1172 1808 Estimated Cost * Profit, . (803) (387) (1998) The estimated cost to produce and sell fibre for the 4 14th May, 1957 was 93.27 per S/Ton f,o,b. Fremantle compared with the estimated cost from 1st January, of 92.17 par S/Ton. The estimated profit for the 4 weeks vas 4503 and the to date profit since 1st January 25*375. The freight from damson to Fremantle has increased by 30/- per ton as from 1st February and this has been adjusted during this period* <ti; O :-?T M H* Si! n .n -- 8 a <2 3 ri CW ^tC'-o Expenditure? The following sets out the cash position for the peiodi Prey* OUfi U yr>0Vq . Opening 'alance 17th April 84*16 Expenditure 121191 Receipts other than Fibre 26665 " Fibre 129422 149077 13V778 28R69 41^48 Closing Balance 14 Kay'57 Bank On loan to C *S,R. Total 20271 .99J.41 119412 2*>248 61268 R4516 From 15th Kay to 4th June estimated expenditure is 48250 and receipts from fibre sales .47530. The following Capital Espcnditure was-approved, Mo. 230 Kttbit Mill Installation No, 231 Introduction of the notary Ore Drier in the Mill Circuit Ho, 232 Twelve Atlas Rock drills No, 2?3 Hotel Rcouiremonts No, 234 Retail Ctore Alterationsand Additions Ho, 235 Motor Vehicle Replacements 1,600 2,000 2,400 9*0 "3*,`88 ^,4oo j3& liuslnosp It was resolved that the fora of surrender for Business Area lease Ho. 203 -`or transfer of the land at present occupiod by the Police Department to that Department be signed rind sealed with* the Company's seal and Mr, !?.M.Brennan v/as authorised to countersign * the transfer. , ^t , J-H APSTRALIAH ppm ASBESTOS LTD. Minutes of Keating of Director** held 8t Ho. 1 O'Connell Street, Sydney on Thursday 1st August, 1957# present. Directors} Messrs. KOvbBroun(Chainsan) M.Oing, J.A*Elmslie A*C.Higgs* In Attendance} H*R*Brennan. iXv The Minutes of the Meeting of Directors held on 3rd July vere confirmed and signed* m,wr KeooTti The Manager's Report for 4 W.E. 9th July* 1957 vas tabled. _ Production, Salcs-d Stocks. 4 W,?it M/6/g, 0^2 Production S/tons Sales " Stock at Close 11 965 1025 2203 984 520 227S e?5 *o zj) 52 Z>*5 = c|T!^ ^o % ijf q-<<q: Estimated Coat A Profit The estimated cost to produce and sell fibre for the 2 V.E. 25th June 1957 vas 97*43 per short ton and for the 2 W.B. 9th July 1957 vas 92.75 per short tohF.O.B. Fremantle. The estimated cost from 1st January to 25th June vas 92.84 per short ton F*0B Fremantle. The estimated profit for 2 weeks ended 25th June vas 256, and for the tvo veeks ended 9th July vas 2,637 Half Yearly Lgrtndftr nf Tei The following sets out the cash position for the period. Previous 4 Veeks Opening Balance 35,038 119,412 Expenditure 108,070 170,444 Receipts other than Fibre 30,105 29,681 Receipts Fibre 109,020 56,389 Closing Balance 9th July Bank 24,462 On loan to C.S.R. 41.631 Jjfusm 30,038 *?.ooo 25.1q.38, The Acoounts for the ;^alf year ended 30th June 1957 shoving a Ret Profit of 57,819*8.6 vere tabled. It vas resolved that the forms of surrender for release of Business Areas 204 VP and 207 VP be ^ signed nd sealed with the Company's seal ani " Mr. H.R.Brennan vas authorised to countersign the forms* These Leases are situated betveea the Post Office and the Cinema and are being surTended for the use of the Tableland Road Bo?rd for the ereotion of a Hall, Office and Board Room. The following B.A. Expenditure vas approved. Form Ho. 236 Ferguson Tractor with front end loader 150 237 Ho .2 Dust System 18300 *38 Extension of OreConveyor 4640 239 Installation of CobraMill 3000 Installation of a Symons Bar Grizzly 1800 241 Installation of Svw s* Sonf.Ai s^suTr -2. Fora No* 242 Installation of Bauer Separator 24-3 Installation No .2 Rolls 244 Raising BU- Belt Conveyors 650 600 650 A fft??r &* * Produced in tha matter of Casas; AUSTRALIAN BLUE ASBESTOS LTD, Minutes of meeting of Directors held at No.l 0*Connell Street, Sydney on Wednesday 28th August at 10 a.m. p^ents Directors* Messrs. K.O.Brown (chairman) J.A.Elmslie and H,R.Brennan (alternate director for Mr* J.L.Tucker). ftinutea.: The Minutes of the Meeting of Directors held on 1st August were confirmed and signed. MflnageiU fteport: The Managers Report for 4 W*E. 6th August, 1957 was tabled* 4 W.3-*. Production Sales & Stocks* ',9th July.195' ------- Production S/tons Sales Stock at close - 1034 201 * 3041 96? 1025 2203 Estimated Cost and Profit* The estimated cost to Sroduce and sell fibre for the 4 W.E. 6th August, 957 was 89*81 per S/ton F.O.B. Fremantle compared with the estimated cost from 1st July of 90*77 per short ton* The estimated profit for the four weeks was 8477 and the to date profit since 1st July 11,114. Finance; ^he following sets out the cash position for the period* Opening Balance 10th July Expenditure Receipts other than fibre " fibre Closing Balance 6th August On loan to C.S.R* Co* 66093 107055 27034 112386 56827 27416 8424i 4 weeks 35038 108070 30105 109020 24462 416^1 gogL Bill of Sale; From 6th August to 27th August estimated expenditure is 52,100 and receipts from fibre sales 85036. It was resolved that the memorandum of Satisfactic of Bill of Sale dated Thirteenth day of July One Thousand Nine Hundred and Fifty Five between J.D.Tsakalos & Co. and Australian'Blue Asbestos be signed and sealed with the Company^ seal and , Mr* D, Sharpe be authorised to countersign the memorandum* CHAIRMAN KJisra fru*V-sAc.Iw""--gg^tstp. iJCf to"sses; ATBTRAmK BLUB ASBESTOS . of Masting of Streeters bald at So* X O'Conell ' ^ s^joet, Sydney on Wednesday 23rd October at 12 noon* Directors Messrs. K.O.Brcun (Chairan) H.G.King* J.A.naalle. The Minutes of the Meeting of Directors held on 25th September vars confined and signed* The Manager's Report tear 4 W.K. let October vas tabled* f^fltlen_Salea_& Stocks. The following are the figures --shows in the reports* 6JiA vXVV Production S/taxa Sales 8took at close 1st .October 905 1161 1569 ati-aroftatar 925 2178 1806 fiftfllllffl * Profit. The esttaated ooet to produce and sell fibre for the 4 * 1st Ootober vas 95*39 per short ton fo*b* Tnaantle cepared vith tho estiaatsd coat froo 1st July of 93*87 per short ton* The estimated profit for the 4 veeks vas 7452 and to date this half Tear 23977* i yfe'`y.r: .. Vi >.fV` -.' The follffrtng sets out the cash position for the period* Opening balance 4th Sept* Rxpeaditure Receipts other than fibre Received froa C.S.R.Co. Closing balanoo let Ootober* 1957* Ch loan to C*S*R* Co* (balance cash bald for fibre sales) 23,885 228,702 28,059 98,943 22*185 39,586 Prurigos 4 weeks 56827 228454 28057 167453 23885 23489 Uxkx Sraailfrgfn The following C*A*Sxpsadittxre vas approvediBo* 246 1 Baseaag Crasher* 4710 / tonal Otft&i&gt It agreed to bold tbe fturaal General Meeting on Vedneoday the 20th Bovenbar and that the secretary should notify > shareholders accordingly* ' Prodjncd in f r-\ \r ..; i Abrams Icci & ccp: R/chsrd F. Sc: ;0 CHAIRMAN St /. .-r si A71STRALIAN BLUB ASBKSTOS. Minutes of Meeting of Directors held at No i O'Connell Street, Sydney, on Tuesday, 20th* November, at 10.45 a.m, r?,agqtt Directorsi Messrs. K.O.Brovn (Chairman) M.G.Xing and H,B .Brennan (Alteraat director for Mr, J.L.Tucker), In attendance i Mr, B.A.Vardoxu MlnutasA The Minutes of the Directors Meeting held on 24th October were confirmed and signed, HsaaRgrl?. peporti The Manager's Report for 4 W.E. 30th October, vas tabled. Production Sales _&_S_tock (4 w.Ended ) (2nd October) Production S/Tons 816 Sales * 674 Stock at close " 1632 (750) 11007) (1736) Coat & Selling Expense^. The estimated cost tc produce and sell fibre for the 4 weeks ended 2 October vas 81,10 per short ton f,o,b, Fremar compared with the estimated cost to date since 1st July 1956, of 86,88 per short ton, The estimated profit for the four weeks vas 13791 and to date this half year 49,189* Refits. It vas noted that the State Housing Com mission have advised that all Rouse Bents are be increased to 2,15,0 per veek and it vas ag the Manager should protest against the increas< Alternate Director, /K" Since the last Meeting orders totalling 9025 S/Tons have been accepted,Including 8000 tons i delivery in i957 to Johns Manvllle Corporation. Approval was given for Mr, A,Mackintosh to be/ appointed as alternate Director for Mr, C.H, Broadhurst, Chairman. Produced in ths rcatfsr cf Asbestos Personal Iniury Cases; Abrcro Lend u 'retied to <o</i / AUSTRALIAN BT.T7B ASBESTOS 1TD. Minutes of Meeting of Directors bold at No* 1 O'Connell Street* Sydney on Wednesday 18th Deceaber9 at 10*00 a.a* Present ... Messrs* M.Q.King (Chairman). J.A.Elaslie A.C.Higgs 1 .' and H.R.Breiman (sQfcernate director for Mr* J.L .Ticker) V'Mlmitfta The Manager's Report for the 4 W** 26th November! 1957 vas tabled:Production Sales & Stocks. The feliovi&g are the figures shown in the report: lUL26th Sav. 29th Pet. Production S/Tons Sales " Stock at close" 1055 *+69 2467 - 1038 732 I878 Estimated Co9t and Profit. The estimated cost to produce and sell fibre for the 4 W*B* 26th November. 1957 vas 83*99-per ton fo*b Fremantle compared with the estimated cost from 1st July of 90*61 per short ton* The estimated profit for the 4 weeks vas 5532 and to date this half year 33998* The following sets out the cash position for the period* Opening Balance 29th Oct* 17549 22185 Expenditure 160287 129350 Receipts other than fibre 29002 26732 Received from CSR* 9X510 97982 Closing Balance 26th Bov* Overdraft. 22226 Cr." 1754c On loan-to C*S*R* Co* Nil 1098s D*A. The following U.A .Expenditure vas approved*- Expenditure! Ho* 247 Brunsviza Model 16T Calculating Machine 130 252 Purohase and Installation of bagging machine 10000 251 Two joy double drums sv&per haulers 5470 250 Arc welding machine 350 249 Bxtn* to underground conveyor No.3 . ore pocket 5300 246 Two fowers reciprocating pumps 820 CHAIRMAN I / 3^ AUSTRALIA?! BLPg ASBgSSOS. Minutes of Meeting of Dlreetors held at Ho.IO'CosdsII Street, Sydney on Tuesday l$th December at 10*30 a,o* Present, Wltnitagt Htzagar'g - pecortt Er ' ' ... T-V.? v4 f SS&BXtl' W' m-"'- , ?!*-;*** . f,,. rj. v"' gwm #-V ESojiiaai u' Messrs* K,0*Brovn (Chairman) H.O.Xing, J*A*Klmsil In attendance H.R.Brennan. The Minutes of the Heating of Dlreetors held on the 20th November, 1956 were confirmed and signed* The Manager18 Report for 4 W.E, 27th November* vas tabled* Production 6&ioa A Stock (4 W.E. 30th Oot>l Production S/Tons Sales Stock at olose M 821 226' 2226 (816) (674) (1632) Coat & Soiling gmarwa the estimated cost to produce and sell fibre for the 4 weeks ended 27th November was 87*86 per short ton fo*b* Fremantle compared with the estimated oost to date since 1st July 1956 of 84*12 per short ton* The estimated Profit for the 4 weeks vas 8319 lal to date this half year 57*505* Since the last meeting orders totalling 2700 S/Tona Grade 3 including 2,000 short tons for Eterait, Italy and 1 ton each of Grade 1x2 have been received for delivery in 1957* Orders for delivery in 1957 now total 12,344 8/Tons, The following D*A.*Expenditure vas approved*- Fora No,216 Second Roughing Screen No*217 Kill .Stage 2 No,218 Modification of Change Bouse No ,219 Driving gear for Blowers No,220 Dust Control Equipment No,221 Arc Welding Kaohlne 1,175 5,500 800 2,950 23,600 300 Produced in tfcs rrr.t^r cf Asbestos Person?.! * rvr; Cr.:ss; Abrams Usd & cr^icd to Richard F. Scruggs! *nsrmi.iAn bmp Aagsma. Mlmtes of Meeting ef Dtreetere held at No.l 0*Connell Street, Sydney n Thursday i6tb January, 1958 at 10 a,a* PfitBtl Messrs K,0 Brown (Chairman) J*A,Tlasiie* H.R.Bremen (alternate dlreotor for Hr, J.L.Tueker), XiHMtaa, The Minutea of the Meeting of directors held on 18th December vere confirmed and signed. junaaxli. fiwom The Manager's Report for the 4 w,E, 24th December was tabled* ft* 3iea af* ataev- "he foUovlng are the figures as shown in the report* 26th ->v. Production S/Tone Seles " Stock at Close * 966 SII 1055 **69 246T sresss ss:* 1957 vas 89*15 per ton f*o*b* Fremantle, compared with the estimated cost from 1st July of 89*23 per short ton* The estimated profit for the four weeks was 4a.o57 ?he actual net profit for the 6 months nded 31st December was 76,056* before allowing for Income Tax)* This compares with 57819 fo r the previous 6 months* The following sets out the cash position for the period* P.A. SSnitBBV Opening Balance Overdraft 26th November Expenditure Receipts other than fibre Received from special loam Received from Closing faience 24th December 1957 Overdraft* On loan to c,n,R, Co, (balance cash held for fibre sales). 22226 189016 33962 50000 121616 5*64 Nil, 91510 22226 Nil* The Return of Expenditure as at 24th December, 1957 vaa tabled at the Meeting showing expenditure approved of 528,899 expended to date 311,695* CHAIRMAN* C 0910  USITALIAN 3L0E ASffiSTCIB..I,IHITf:p. Prevail Minutes of Meeting of Directors held at no* 1 O'Connell Street, Sydivy on Wednesday* 12th February, 1958* Directorsi Messrs* K*0*3royn (Chairman), M.G.King* J*>'/lsslle * n*RJohnston* In Attendance* H.R.Drennan, Secretary* Minutes* The Minutes of the Meeting of Directors held on 16th January* 1958 were confirmed and 3igned. Manner's Report* The Manager's Resort for the four v*7.* 22nd January* 1958 was tabled* Production Sales * Stocks, ~he following are the figures _s shown in the retort* 4.~w*a* p.^ax fan, Production S/Tons 9027 9667 Sales 1556* 1586* Stock at Close 1188 1845 'stlnated Cost A M The estimated cost to produce and sell fibre for the 4 w.E* 22nd January, 1958 was 90*53 per short ton f*o*b* Fremantle com pared with the cost for last 6 months of 89*23 per short ton* "he estimated profit for the four weeks was 15,298* Finance.. The following sets out the cash position for the rerlod* Previous four Ot}. weeks, PpA.* E^endlturet Opening balance overdraft 5664 Expenditure 96809 Receipt other than fibre 28184 Received from Special loan Received from C*s,R*Co* 53956 Closing balance overdraft on loan to C.S.R* Co* 98798 , 22226 189016 33962 50000 121616 5664 Nil The return of U*A. Expenditure at 31st January* 1958 was tabled shoving expenditure approved of 446*623 and expended to date 279*261* The following U.A.Expenditure was approved* No* 253 Gear 4 Plnlar Drive Rotary Drier 2*000 No* 254 Three Solar Heat Hot Water Service* 675 No* 255 Underground Electricalwiring 7*862 No* 256 Four Expansion Joints 300 No* 258 Colonial Gorge Water Supply 2,300 The Resignation of Mr* J.A.Elmslie as a Director of the Company has been received and appreciation and thanks were expressed to him for his work for tbe -r Company* Mr, Jf*R*Johneton was unanimously appointed 1 a Director of the Company* . Permission was given for Mr* M*G*Klng to appoint ** Mr* X*C*Hlggt as hit alternate Director* C 091 1 1 It was agreed to writ* oit the debts of Messrs. KJ*abry, 33*3*H and > Pranidin 420.2.7. These debtors cannot be located* 'HAIRMAH ns'"Italian blde asbestos ltd, Minutes of `'acting of Directors held at So, 1 O'Connell Street, oydry on Wednesday, 12th March, 1958, PTesenl* Directors* Messrs, X.O.Brcrwn (Chairman) M.G.Xing, A.R. Johnston. In Attendance* Mr. A, Mackintosh & R.Brennan. ih The Manager's Report .or the 4 w.3* 18th February, 1958 was tabled. Production Sales. Stocks. The following figures are as snown in the report* 4 W.B, 22^4 Production Short Tons 902 Sales Stock 667 1415 2556 nftfi Rat;aat^ ?9Bt aaft-frailV The estimated cost to produce and sell fibre for the 4 W.E. 18th February, 1958 was 94.10 per short ton f.o.b. Fremantle compared with the estimated cost from 1st January of 92.31 per short ton.. The estlm. ated profit for the 4- weeks is 6,100 and the profit to date since 1st January, *19,976. Finance The following sets out the Cash position for the period. Opening Bank Balance Overdraft Expenditure 1312^7 Receipt other than fibre 26820 Received from C.3.R. 156433 Closing Balance 30523 On loan to C.S.R. Co. 8984 * * fmo Eclipse Gold Mine 45000 PS.Tl<? fecks 5664 96809 28184 53956 21333 &*> 98798 50000 Approval was given for the transfer of 5 share* numbered30011 to 80015 from Mr. J.A.Elmslie to / Mr. a.r.Johnston. " It was reslved that share certificate No.4o for five deferred shares in the name of Mr. A.R. Johnston be sealed with the Company's seal and Mr. H.K.Brennan was authorised to countersign the certificate. Share certificate Ho.3 In the name of James Alexander Blnslie was cancelled. , Tbs following UJl.Expenditure was approved. Form No .260 Lincoln Portable Welding Unit 335 261 200 ton Fuel Oil Tank at Point Samson 262 Two Single Fans Men's Mess 263 Pioneer Computing Scales 2813 SI \ CHAIRMAN inSTRALIAfl BLUE ASBESTOS. Minutes of Meeting of Directors held at flo. 1 O'Connell Street, Syiiney on Wednesday 9th April, 1958, at 12 noon. 'H<-^U>-j^|Q2fiX3. ** f*T>ort. Directors Messrs. K.O. Brown (Chairman) M.G. King, %.R. Johnston. In attendance, Messrs. A. Mackintosh and H. 3rennan. ''he Managers Report for the 4WE 18th March, 1958 vas tabled. idoction The following are the figures as shown in the Managers la Report. m Production Sales Stock Short Tons 926 847 1500 18th Pqfr* 888 667 1415 The estimated cost to produce and sell fibre for the 4WE 18th March, was 90.98'ner short ton fob Fremantle com pared with the estimated cost from 1st January of 91.85 per short ton. The estimated Profit for the 4 weeks is 5576 and the profit to date since 1st January, 25,556. The following sets out the cash position for the period. Opening Bank Balance. 30523 Expenditure 131090 Receipts other than Fibre 27575 Received from C.S.R. 92153 Closing Balance 19311 On loan to C.S.R. Co. 4 od ** " from Eclipse Goldmine ~ 4500Q 21333 131247 25820 156M3 30523 45000 The Authorities of all existing F..nk Signatories to both the No. 1 and No. 2 accounts were cancelled and the folio* wing substituted:- fcl-f? C 0914 Of the following three persons Cecil Horace Broadhurst George Payne Wallace Lionel Ernest Shephardson any two Jointly to sign and any one to endorse. SO. 2 Account. / Jointly with either to sign Paul Crovl Thomas or Osborne Anzac Allan / and either Frederick Millington or David J. Moore to countersign, / Anyone of the above seven persons to exw f dorse* i.riM.if.iAM BLUF _ASBESTOS, * Minutes of Meeting of Directors held at No*l O'Connell Street, Sydney on Thursday 16th January, 1958 at 10 a*a. Present.J . Messrs, K*0.Brown (Chairman) J,A*~laslie, H,R*3ronn*'n (alternate director tor Mr* J*l.Tucker). The Minutes of the Meeting of directors held on 18th December wore confirmed and signed* Sarflfife^g, Reportt The Manager's Report for the 4 w,p-* 24th December was tabled* -Production Seles and Stocks. The following are the figures as shown In the report** U -V.B* ?*th Dee, ,?6th Production S/Tons Sales tt Stock at Close " 966 1586 184? 109? U69 2467 gstlaato-d. Coat and Profits The estimated cost t< Produce and soil fibre for the 4 tf,^* 24th Dec* 1957 was 89.15 per ton f*o*b. Fremantle, cooparec with the estimated cost from 1st July of 89*23 p short ton* The estimated profit for the four week was 42,057* The actual net profit for the 6 moat ended 31st December was 76,056, before allowing f Income Tax)* This compares with 57819 fo r the previous 6 months* Finance- ' The following sets out the cash positio. for the period* 4_Reeka- Opening Balance Overdraft 26tb Ho-'ember Expenditure Receipts other than fibre Received frot special loan Received from '*R.R* Closing Talance 24th December 1957 Overdraft, On loan to C,;*.R, Co* (balance cash hold for fibre sales)* 22226 189016 33962 50000 121616 5*64 311. 17549 160287 29002 91510 22226 Nil* 1E*Aa Expenditure* The Roturn of U.i*r'xpenditure as at 24th December, 1957 uas tabled at the Meeting showing expenditure approved of f528,899 expended to date 311,695* CHAIRMAN* AtspvSiJS F!P.^rmCoerrm` a; tter of AUSTRALIA?! RT.UE ASBESTP3_LIMITEB. Minutes of Meeting of Directors held at Ho, 1 O'Connel Street, Sydney on Wednesday, 12th February, 1958, Praainto Directors! Messrs, K.O,Brown (Chairman), K.G.K J.A.Elaslie, A,R.Johnston, In Attendance! H.R.Brennan, Secretary, Htoaten The Minutes of the Meeting of Directors held 01 16th January, 1958 were confirmed and signed. Managers Report* The Managers Report for the four W.E. 22nd January, 1958 vas tabled. f-IO&rellQU. Sales & Stncka. .The following ax the figures as shown in the report, 4 W.S. . 22nd_Jaft. 25 Dec, Production S/Tons 902 , 966, I Sales ' 1556. 1586. 'Stock at Close 1188 1845 Estipaftpd -Cost & Frofil* The estimated cost to produce and sell fibre for the 4 W.E, 22nd Janu 1958 vas 90,53 per short ton f.o.b, Fremantle . pared vlth the cost for last 6 months of 89,23 short* ton. The estimated profit for the four w vas 15,298, Finance* The following sets out the cash positlc for the period. tr.A, togg*itux& Opening balance overdraft 5664 Expend!tun 96809 Receipt other than fibre 28184 Received from Special loan ** Received from C.S.R.Co, 53956 Closing balance overdraft 21333 on loan to C.S.R. Co. 98798 22226 189016 33962 50000 121616 5664 Hil The return of U.A, Expenditure at 31st January. : was tabled shoving expenditure approved of 448,! and expended to date 279,261, The following U.A .Expenditure was approved. Ho, 253 Gear & Plniar Drive Rotary Drier 2*Q0( Ho. 254 Three Solar Heat Hot Water Services 67* Ho. 255 Underground ElectricalWiring 7,86* Ho, 256 Four Expansion Joints 30C Ho, 258 Colonial Gorge Water Supply 2,300 mxs.c-tgxx The Resignation of Mr. J.A.Elmslle as a Director the Company has been received and appreciation an thanks were expressed to him for his vork for the A Company. Mr. H.R.Johnston vas unanimously appoin a Director of the Company, Director* j Permission was given for to. K.G.Klng to appoint a Mr. H.C.Hlggs as his alternate Director, ; " cc.c*^ *t;o **"1 Sundry pefrtoxa* It vas agreed to vrlte off the debts of Messrs, X.Fabry, 33*3*H and A,Franklin ^20.2,7, These debtors cannot be located. CHAIRMAN. ;n :.) r*-vv*;f twd u r. Jf~> o` -' Iflpiij'lji in 'H ` AUSTRALIAN BLUE ASBESTOS LTD Minutes of Meeting of Directors held at No, 1 0*Connell Street, Sydney on- Wednesday, 12th March, 1958. Presepi i Managers Report; Directors: Messrs. K.O.Brovn (Chairman) M.G.King, A.R.Johnston. In Attendance? Mr. A, Mackintosh & K.Brennan. The Manager's Report for the 4 W.E. 18th February, 1958 was tabled* Production Sales & Stocks. The following figures are as shown in the report. V W.E.' l8th>e>C- 22nd Jan. Production Short Tons88 902 Sales 667 1556 Stock 141T 1188 Estimated Cost and Profit. The estiaated cost to produce and sell fibre for. the 4 W.E. 18th February, 1958 was 94.10 per short ton f.o.b.Freaantle compared with the estimated cost from 1st January of-92,31 per short ton. The estim ated profit for the 4 weeks is 6,100 and the-- profit to date since 1st January, 19,976. Share Transfer? Finance. The following sets out the Cash position for the period.* Previous 4 Opening Bank Balance Wee^g Overdraft 5664 Expenditure Receipt other than 96809 fibre 26820 Received from C.S.R. 156433 Closing Balance On loan to C.S.R. Co. * * from Eclipse 28184 53956 21333 C**') 98798 Gold Mine 45000 50000 Approval was given for the transfer of 5 shares nuaberedgCCQl to 80015 from Mr. J.A.Elmslie to / Mr. A.R.Johnston. Share Certificate.? t Sharg g.A, 'Expenditure It was resived that share certificate No.40 for five deferred shares in the name of Mr. A.R. Johnston be sealed with the Companys seal and Mr. H.R.Brennan was authorised to countersign the certificate. Share certificate No.3 in the name of James Alexander Slaslle was cancelled. The following TJ.A.Expenditure was approved. Fora*No.260 lineoln Portable WeldingUnit *35 261 200 ton Fuel Oil Tank at *** Point Samson 2813 2f2 Two Single Fans Men's Mess 95 263 Pioneer Computing Scales 180 \ in tbs matter of \ Personal taj-ny Cases; u copied to CHAIRMAN \ \/ ctuzr* AUSTRALIAN BLUE ASBESTOS? .** i ft* ffitock. i5 Minutes of Meeting of Birectors held at No, 1 0*Connell Street, Sydney on Wednesday 9th April, 1958, at 12 noon. Directors Messrs, K.O. Brown (Chairman) M.G. King, A,R. Johnston, In attendance, Messrs, A, Mackintosh and H, Brennan, The Managers' Report for the 4WE 18th March, 1958 was tabled. The following are the figures as shown in the Managers Report, Production Sales Stock Short Tons 926. 847 1500 888 667 1415 'Bfmy v Account, ~W! v - The estimated cost to product, and sell fibre for the 4WE 18th March, was 90,98 per short ton fob Fremantle com pared with the estimated cost from 1st January of 91,85 per short ton. The estimated Profit for the weeks is 557.8 and the profit to date since 1st January, 25,556, The following sets out the cash position for the period, V Opening Bank Balance, 30521 Expenditure 131090 Receipts other than Fibre 27575 Received from C.S.R. 92153 Closing Balance 19311 On loan to C.S.R. Co. 4 od * ** from Eclipse Goldmine 4500QV * 21333 131247 25820 156433 30523 45000 The Authorities of all existing Tank Signatories to both the No. 1 and No. 2 accounts were cancelled and the follo wing substituted:- -1 Account* Of the following three persons Cecil Horace Broadhurst George Payne Wallace n vc;uggs. Lionel Ernest Shephardson / any two jointly to sign and any one to endorse, No. 2 Account. Jointly with either to sign Paul Growl Thomas or . Osborne Anzac Allan / and either Frederick Millington or David J. Moore to cotintersigs. Anyone of the above seven persons to en- 7 dorse. 2 r-'ortesce a- .nyor.o of signatories to endorse* 'V'AISMA?!- ! C G915 C 0916 fiJOftfc .nSTHALIAB QUa ^BBSTOEL luotes of Mooting of DlrOetors hold at :;o* X O'Coaaoii Street* Sydney on rfedae iay 7th Hay, 1958 at XO a*m* Messrs? Mwitawt R.O. Brown (Chairman,) K.O. King, a.c. Hits* and ab Johnston* ULAttififtflBli h*r* Brennan* The Manager*s Report for the 4 w*2* 15th Aoril, 1958 was tr.bled* Tho following art the flgores as shown in the Manager's nportt* iessst^ hj&* lgtfc Aortic Prodastlem s/tone Sales Stoek # The estimated cost to prodne* and sell fibre for the b tf*S* 15th April wee 8fc*9?J per short ton f*o*b* Fremantle coscared with the estimated eost from let Janaazy, 1957 of 90*011 per short ton* The eetfam* ted profit for the foor weeks is 3830 -nd the profit to date since 1st Jamvry, 29,386* The following sets cut the cash petition for the ri periods* irtti opening Bank Balanee Skpendltnr* JSB Receipts other than fibre TTaeelvod from C**R* On loan to c*5*fi* Co* *6087 Closing Balenoe On Loon Am Sellpse Gold Mime CD 2 40Q00 m m. 19 VfOOO Xt wee agreed that an amoont of 23vll*l owing by 8* Petes d eaaaot be loteteg be written off as a Bed Debt at 30th Jhne, 1998* Zt was resolved that a Letter of Appropriation to the Bank of l^ew Sooth dales to ta__m__e_ th.e. C< to got the benefit of the Cash Bslnaoo 1m the Be* 2 &eeo at when oalealatiag interest charges on the oeeiw draft be signed and seeled with the Cmpeiy*s seel and Hr* H*B* Brvnmn was anthorlsed to eoantersigm the the letter* The following 0*a* Expenditure was approved Xo* 26fc Alteration to retail store 3,590* APPSqVBDt " ~ ts ~ ; nSTBALXAS -BLUE AC BESTS Knaasli fePOtV Production sdl ftffl wtockt Minutes of Mooting of Directors held at Ho. 1 Q*Connell Street, -ydney on Wednes day 6th Jane, 195$. Directorr, Messrr. K.0, 3rw**t M.G. Xing 2nd a.r* Johnston. Is Attendance. H.R. Brennan. The Manager*** Report for the 4 S* 13th May, 1958 was tabled. The following are the figures as shown in the Manager1* Reportt- 4 J-^g. 13t&.Har lfth Anrll Production S tons Bales 1032 1520 952 528 rtoek 1396 1914 Coat awl Profit. Finance. TT.A. The estimated cost to produce and sell fibre for the 4- W.E. 13th May was 84.22 per short t*n f.o.b. Fremantle conn?red with the estlaated cost from 1st January, 1958 of 88.77 nor short trr. ^h estimated profit for the four weeks is 15401 and the profit to date since 1st January 56257. The following sets out the cash position for the perlodt- im.Mx ifth_AMii- Opening Bank Balance 00 Expenditure Receipts other than fibre Received fro* C.S.B. On Loan to C.E.R. Co. Closing Balance CO On Loan from Eclipse Gold Mins * 26435 167832 51113 155253 7901 20000 126810 tin 6067 CD %s The following U.A. Expenditure was approved* fon ffo. in Clothes Lockers etc. 3700 in Loading Pockets Eight Granby Trucks Extension of under ground 4100 8000 conveyor 16000 APPROVED; C 091 7 y fS-7 r( CHAIRHAH C 0918 WOTWALTAW BLUE ASBBSTiS* ^lnntes of Meeting of Directors held at Ho* 1 O'Connell Street, Sydney on Wednesday 2nd July* 1958* Director? Messrs* ".0. Brown (Chairman), A*C. Higgs, a*B* Johnston* w- Za attendance A, Mackintosh and H. rerman* The Manager's Report for the W*W,R. 10th June, 1958 was tabled* The following re the figures as shown in the Manager's Report* V. r. 10th W*w- Production S/tons Sales stock 983 682 1886 1032 1520 1396 The estimated cort to orodoee and fell fibre for the 4v<tf*r* 10th June was 91*28 per short ton f*o*b* Fremantle cot*?-red with the estimated cost from 1st January, 1958 of 89*21 per short ton* The estimated profit for the f ur weeks if 9888 and the profit to date since 1st January, 58969* The following sets o*it the cash position for the period. Opening Bank Balance o# Expenditure Receipts other than fibre Received from C*S*R* On loam to C.5*R. Co* Closing Balance 00 On Loan from Eclipse Gold Mine 101793 2*35 167832 31113 155*53 The following U*A, Expenditure was approyedtThe erection of a mill at Colonial Gorge, 256000. APPROVED* ( CRATRMUr. <* 'ti. C 0919 grpg^n^t ;t3.hiah jr * 1& inutes of Mating of rtreetcre held :\t '?o, 1 O'Connell 3t, v*n*T on Tuesday 2nd '"eptenbcr -.t U Messrs* Drown (Chairaan), a*.1. J hnston, * Mackintosh, !!?.. Th^nivn* Hcnort* The Manager's ftenort for the L,.*~. 5th -urur*, 1958 wnr tabled, * -ggVtiBQttOfl I'*1*1 artH stock*- -he following 're th" figures os shown ?n the Hanaeer* >portt- ^aUia Sfl&t.. ;-oi Profit* Fineace* .jrodoetlcn S/tons ales Stock --?* pg 1014 2088 8th Jnlv 870 8^9 1711 Th< ertia: ter co~t :o produce 2nd -n fibre for the 5th ..agust was 95*35 per short ton f*o#b* .rrnantl* c sm rM with tv r tia <-d <?vr fre- l-t July, of -:r*#68 n*r -hort ten* ~he rti*ated -.rofit for the f-*:r weeks wr.s *t8 nc the profit "ince lrt July is 5201. ~he following ?ts t:t th C'sb oosltl.e foe the Secretary- Jit.Ho yrteee. / / / Openine bank balr.nee expenditure Deeeiot- othe- than fibre Heeeiwed frm C,r*IW Closing balance Ul-ttfc 12c2f7 1^82*1 7"C89 -1422 168989 160320 125267 The following expenditure wa* -'oproredt- Ho, -73 '""n on vtaoni' Conjnr`,*'or C1800, 27** 'eeord `r^-^sent line Colonial Gorge 5`,000. boa to his transfer to *.E,A, Ltd*, ?*rth* Mr* F, Millington hrr resign^ '-c Seeret-r- of the Coooany andlt war greed ve'ex-refr ;ur th-nkr to *<r* 'lllington for hisserricat* Mr, W, Delth was ppointed Secretary of the Coapany, Mr* *, Deith vac ppolnted r-ubllc Officer of the Cood&b for Tr%- tion and other ** raos*v . It was(agreed thatas from 15th C*ptenberf the authori ties of ill b*ak signatories on the Ho, 1 and Ho, 2 accounts with the Bank of New *orth *'*ls be cancelled and the following new signatories be authorised*- ] Of the following fonr persons! Cecil Horace Broadhnrst, (. Frederick Kllllngton ' -lonei Ernest -hepfterdson ' Paul Crowl thanes / Any two jointly to rifrn and nyone to endorse. - 2 Account. Of the following four perrons. Peal Crawl Thon&s Osborne hoz&c Allan, Wllilsn MeKell Beith David Janes Moor* ' ' f Any two Jointly to rign nd anyone of the above seven nersone to endorse, nay one of the above seven perrons siay also end ehemaer dr'vn to the order of the Hotel Portescoe, APPROVED* . STim.TAW BLOB aSBBSTOB. Pfnat> Mlimtes of the Mseting of Directors to bo hold at Ho* 1 -Connell Street, Sydney on Wednesday 24th September, 1958 at 10 a*a ) treetors. Messrs. X.O. Brown (Chairman), :4*G* Xing, '.a. Brarnan (Alternate Director for Mr* r.L. Tueker)* The Manager's Report for the 4.;.'*r, 2nd September, 1958 was tabled* The following -:*o the figures as shown In the Managers reporti* 4W*S. 2nd. Sent.. 5th Anwt. Production S/tonr Sales stock 1200 The estimate cost to prodoee and sell fibre for the 4.W.S* <:nd September was 86*5 *r short ton f*o*b* Fremantle compared with the estimated cost from 1st July, *1958 or 93*03 per short ton* The estimated oroflt for the four weeks was 10154 and the profit since 1st July Is 15355* The following *ets out the cash position for the periods* 5th AMMt. Opening Bank Balance Expenditure " Receipts other than fibre Received from C.S.R. Closing Balance 00 illS 32378 1^1504 119095 The following r.A. Expenditure was approved! 125267 m 168989 So. 275 so. 276 So. 277 Ho. 278 25 clothes lockers Expansion of Water Supply System. 2500 ton bulk fuel oil tank One Transformer type choke controlled electric Welding Plant 235. 3**50 18000 375 Zt was agreed that the Annual General Meeting should be held on ednosd^ the 22nd October, 1958 at 10*15 T, and that the Secretary should notify shareholders aeeordln iy. APPBOVTOt / cmttsoh- inRTttALIAH BLPS ASBESTOS. iHmtM of the Heating of Directors held at Ho, 1 0(Som21 Street, Sydney on Wednesday, 22nd October, 1958 at"0.a.a. Messrs. K.O. Brown (Chairman), M.G* King, A.R. Johnston, In attendance, A. Higgs and H.H. Brennan. Hamwr'g The Manager's Report for the 4.W.B. 30th September, 1958 was tabled. The following are the figures as shown in the Manager's Reports- 4.W.E. ?Oth Sant- ?Dd. font. Prodnetlon S/tona Sales Stock 1187 588 2290 1200 *nt<--The estimate eost to produce and sell Blbre for the onA w.S. 30th Septeaber was 87.28 per short ton f.o.b* Preaea* tie ooapared with the estimated eost fron 1st July, 1958 of 91.22 per short ton. The estiaated profit for the fonr weeks was 6159 and the profit since 1st July is 21,51** The following sets out the cash position for the periods- 2QttL&B& 2nd Sent. Opening Bank Balance CO Expenditure Receipts other than fibre Received from C.S.R. C losing Balance OD 119095 139002 32910 73228 151959 119095 The following H.A. Expenditure was approved*- Ho. 279 Ho. 283 Secondary Resistance Starter Steel Jeep Trailers 700. 250. Aceounte The Balance Sheet and Profit and Loss Account for the year Stt&_Z_L_ ended 30th June, 1958 together with the Auditors Report there- rt art on and the directors Report was tabled and approved the ora Balance Sheet and Director's Report were signed. Pirootcra. The Resignation of Mr. J.t. Tucker as a Director has beta , received as froa the 29th October, and it was agreed to write ------- / and thank hla for his services ana that Mr. A.C. Higgs should be appointed a director in his place. approved, / 0 ffTMTWWnt TSMAUAlLSHa ASBESTOS MdLnute* of the Meeting of Directors held at Ro 1 0'Connell Street, Sydney on Tbnrsdey, 20th Bbvember, 1958 at 11 a.o. presentt yinatMi 1 Production iggr4 Mnanewi Messrs. M.G.Kiag (Chairman), A.c.Higgs and A. a.Jotauton. In attendance: Mr. a'. H.Brennan. The Minutes of the Meeting of Directors held on the 22nd October, 1958 were confirmed and signed and also the Minutes of the Annual General Meeting held on 22nd October, 1958. The Manager's Report for the 4 J.s. 28th October, 1958 vas tabled. The following are the figures as shown la the Manager's Report:* Production s/tons Sales Stock iSttL& 30th. Sect. 1226 1564 1953 1187 588 2290 The estimate cost to produce and sell fibre for the.4 n.S. 28th October was 7.20 per short ton f.o.b. Fremantle compared with the estimated cost from 1st July, 1958 of 90.24 per short ton. The estimated profit for the four weeks vas 24865 and the profit since 1st July Is 46379. The following sets out the cash position for the period:* Opening Bank Balance 00 xpditure Receipts other than fibre| Received from C.S.R* Closing Balance 00 ggtfi-fist* 151959 143615 iWZl 105897 mu. ggpt. 119095 139002 32910 73228 151959 Approval vaa given for the transfer of five deferred shares ntnbered 80016 to 80020 * Inclusive from Mr. J.L.Tucker to Mr. A.C.Hlggs. Shara vtmricatflt It vas resolved that share certificate Ho.41 for five deferred shares la the naae of Mr* A.C.Higgs be sealed with the Conpany't I aeal and Mr* H.R.Bremen be authorised to conatersign the certificate* Share certificate Ho* 4 in the naae of John Leith Tocher vas cancelled* Mr. n.C.Higgs advised that with the approval of the Directors, he proposed that Mr* H*B* Brennan be appointed his alternate Director* CHAIBMAK \ AUSTRALIAN BLUE ASBESTOS LIMITED Minutes of the Meeting of Directors 1:u_be held at No, 1 O'Connell Street, Sydney on Wednesday 17th December, 1958 at 10, a,m. K.O. Brown, A.C. Higgs, and A.R, Johnston, ^Minutes; if' uHnnarer'g ^ .Apcrt t r" Production gales and gyfciaated -:^it and >^t :'; yiaangg,: X }\ The Minutes of the Meeting of Directors held on the 20th November, 1958 were approved and signed. The Manager's Report for four weeks ended 25th November, 1958 was tabled. The following are the figures as shown in the Manager's Report* ^B* Production S/tons. Sales " Stock " 25th Nov. 1045 983 2020 28th Oct. 1226 1564 1953 The estimated cost to produce and sell fibre for the 4.W.E. 25th November, 1958 was 93*67 per short ton f.o.b. Fremantle compared with the estimated cost from 1st July. 1958 -of 90.83 per short ton. The estimated profit for the four weeks was 15760 and the profit since 1st July, 1958 is 62139. The following sets out the cash position for the period:- Opening Bank Balance OD Expenditure Receipts other than fibre Received from C.S.R. Closing Balance OD 25th November. 28th October, 105897 151959 148111 143615 3327O 35275 95246 154402 125492 105897 The following U.A. Expenditure was approved:- No. 283 Chevrolet and Holden Cars 3450* APPROVED: PBfflHMU /V' '*'J/. 2 Port<aseu-Q Anyone of the afore-mer.tic signatories to endowo C"ATHKATI. ; m&**r of ':??'*! lPjy Cases; vJ ccp:ed to c-'iC3S. presents Messrs: TH rectors? S*0. Broun (Chairman,) King, A.C. Higgs and A*."* Johnston* *j. u* Tn Attendance* H.IU 3remum* The Manager's Beport for the 4 'J*". 15th Aprils 1958 was tabled* The following are the figuroc a* shown in the Manager's iieportt- i*. isaubru* IgttUfc Production s/tons Sales Stock 952 528 1914 lfoo The estimated cost to produce and sell fibre for tt 4* J.TS* 15th April was 84*9^' per short ton f.o.b. Fremantle compared with the uriioated cost from 1st January, 1957 of 90*91- per short ton* The ostims ted profit for the four weeks is **830 and the nroi to date since 1st Jana ry, 29,386. The following sets out the cash position for `ho periodt- 15th. yvnr. Opening Bank Balance Expenditure 19311 126810 Receipts other than fibre '`*199 Received from C* *R* 4^865 On Loan to C%&* Co. 6087 Closing Balance 00 264^5 On Loan tom -Eclipse Gold Mine 40000 lEth.air, 30523 131090 27-75 92153 4 Ct 19311 45000 It was agreed that an amount of ~*11*I owing by 3* Peters who cannot be located bo written off as Mad Debt at 30th Juno, 1958* It was resolved that a Letter of AabroTrinmo*** to the JHnk of How South <ale- to enable the Company to get tho benefit of the Cash Bal'-nee in the tJo* 2 f.eeo at when ealcal ting interest chargor on the ovai draft be signed -md scaled with the Company'a seal t. ;-!r 7t*B* Brennan was authorised to ecunterrrign the the letter* IltA.*--"rr^ndltmp The following H.a. Ascenditura -jas vui roved Ho, 264 Alteration to retail store 3,590* Produced in the matter of Asbestos ?;-r?c:v;.! \ rrj Cases; Aororris L;c*ti & ccp<3d to Ri-hu-d h CwiU^Cjs* A??nOVBD* 3. /^V^b4-4C, AUSTRALIAN BLUE ASESSTCS. Minutes of Meeting of Directors held at Ho. 1 S'Connell Street, Sydney on Wednes day 6th June, 1958. j>jgent: Directors* Messrs. K.O* Bnwwr^ M,G, King and A.R. Johnston* In Attendance* H*H. Brennan* jjnnflfTffr,sjUf>ort: The Manager* s Report for the 4 `v.E, 13th May, 1958 was tabled* .function Stocks The following are the figures as shown in the Manager1 s Report 4 W.E. nth Mar lSth_Ami Production S/tons 1032 952 Sales 1520 528 Stock 1396 1914 Estimate fleet and Profit. The estimated cost to produce and sell fibre for the 4 W.E* 13th May was 84*22 per short ton f.o.b. Fremantle compared with the estimated cost from 1st January, 1958 of 88,77 per short ton. The estimated profit for the four weeks is 15401 and the profit to date since 1st January $$257* finance* The following sets out the cash position for the period: hto 15th April Opening Bank Balance Expenditure 0D 26435 167832 19311 126810 Receipts other than fibre Received from C.S.R. On Loan to C.G.R* Co. 31113 155253 34199 46865 6087 Closing Balance 0D 7901 On Loan from Eclipse Gold Mine 20000 OD 26435 40000 U-A. Expenditure The following U*A. Expenditure was approved: Fora Ho. 265 266 267 268 Clothes Lockers etc. Loading Pockets Eight Granby Trucks Extension of under ground conveyor 3700 4100 8000 16000 Produced in the natter cf -.7 Ccses; Ahrrr:c Un p;od to c - . j -r f-..''-i-a. APPROVED: f /? 7 ' CHAIRMAN /} /-} t v" *( [/ 1/ 4#aents B2S5i ,rr'TR-\r.TA; RT.rS APTFSTT*. Minutes of Meeting of Directors hold at Ho 1 O'Connell Street, Sydney on Wednesday 2nd July* 1958. Directors Messrs. *:.C. Brown (Chairman)* A.C. Hi-rs, a.R* Johnston. ~ In attendance Mackintosh and H. JJrennan. The Manager's Report for the V.W*5*. 10th June, 1958 was tabled* I* ^ I AUmilt iQQimi I 1J" \$mA* Ett), 1 p The following are the figures as shown in the Manager1 Report. --- . 10th,.J^.nth v Production S/tons Sales Stock 983 682 1586 1032 1520 1396 The estimated cost to produce and soli fibre for the 4.vJ.~. 10th June was ?l28 per short ton f.o.b. Fremantle corns-r^d with the estimated cost from let January, 1958 of 80.21 per short ton. The estimated profit for the f ur weeks if 9888 and the profit to date since 1st January, 58969. The following sets o**t the cash position Tor the p*rioc 10th June nth r Opening Bank Balance cj> Expenditure Receipts other than fibre Received from C.S.R. On Loan to C.f.R. Co. Closing Balance 0D On Loan from ^clipse Gold Mine 7901 0D 26435 173603 167832 ^2767 ^lll' 46944 15525a - IOI793 0D *7901 - 20000 The following Expenditure was approved;-- ?he erection -f a mill at Colonial Gorge, 256000. 'PROVED. / ------ i.:: in/ Carpet' U ^ S ccp;d to * -(Cha.a i*. <A.. i.rr.3. y Cn'-TRMAW - }  /? .-c 1/ Minut*** o` Writing of ~irectcrc held it Ho* 1 0*Connell Ct, -ydney on Tuesday 2nd "epteabr it 11 a.u* Messrs. Brown (Chairacn), -..c. Kiser, J hnctcn, ;. Mackintosh* H.S. Br^nn-n." Senortg -- Production ?:les_anl iltockt- "he Manager's Kenort for the 4./.-, 5th .iugu-t* 1958 war tabled. * ?h following sre th* figures as shown in the Manager deport:- Productloa S/tons Sales Stock k*: ~.___*th -ygg. 1014 631 2088 870 839 1711 w<ppt and profit> F|n-nce Th* ertiasted cost to produce and cell fibre for the 4. 5th August was 95*35 per short ton f*o.b. Fremantle coon-red with thft e*ti `-<i cert fro- Irt July, 19`8 of 98*68 per rhort ton* The ertlasted profit for the f ~ur weks was 3398 ^nd the profit since 1ft July Is 5201* The following sets out th- etch ?ost_s. ea **. *~4- Secret Opening bank balance Expenditure Beceiota other than fibre Heenived from C.r.n. Closing balance 30OS9 *1422 168989 101793 1*0320 125267 The following E.A. Expenditure was mproredt- !Io* 273 "en Ton A^soni* Comer--"-or 1800, 27^ *>enr.d T-'-ts<>nt line Colonial Gorge 5*5,000* Due to hir trtncfer to A*?** Ltd*, ?rth, Mr* t Millington h- r re*ipn*d 'r iecr-t r- -of the Comonny rr. it w:r agreed \'r*ex*,rrtrr .-or thrnl'r to Mr. ''illin-ton f.;r hisserviccF* f ?!r. W. Beith war pnointed Secretary of the Company* Hr. -V. Beith W"s ppoin'ed Public Officer of `he Conn-:: j for T-:x"ti^n end other * wo?*. Bank Author^*it -.*as agreed thstns from 15th '"epteabe-, the nthori* t.iec of ill Vnk tignatorief the Ho. 1 -nd No. 2 accountr with the Bank of o**th be cancelled PfPArsd in tha ffisS9?$ "b followins ir -i-.n--.iri- v nt-horl-d!- Asbccros Personal l.-iljrv Cases; Abrcms '.33d `2 ccp!i:'*'o Ri:i:r Soruggsi 2 of the following four persons:- Cecil Horace Broadhurst. Frederick Millington Lionel Ernest Shepherdson Paul Crowl Thomas ' ' t ' Any two jointly to sign and anyone to endorse. fr, ft Account; Of the following foot persons. Paul Crowl Thomas Osborne Anzse Allan. William McNeil Beith David James Moore f* / / Any two jointly to sign and anyone of the above seven persons to endorse. Any one of the above seven persons may also end< cheques dr*wn to th order of the Hotel Fortescue. APPROVED: CHAIKHXB, 2L as f>?r.?og. Minutes of the 'Meeting of Director? to be hold at Ho* 1 'Connell Street, Sidney cn Wednesday 24th September, 1958 at 10 a.m. rs^aai: Directors. Messrs. K.O. Brown (Chairaan), M.G. King, B.B. Broman (Alternate Director for Mr. J.L. Tucker). w.nn^T'n jKnortt The Manager's Resort for the was tabled. 2nd September, 1958 Production SalSLjm& Stocki The following are the figures as shewn in the Manager's rrort:- 2nd SgTvfc. 5th Angng Production S/tons. Sales stock 1200 i59? 168? 1014 6*1 2088 ^9?t and Profit? Flngpe? .Annua* ^filing. The estimate cost to produce and sell fibre for tho 4.V/, 2nd September was 86.50 per short ton f.o.b. Frenantlo compared with the estimated cost from 1st July, 1958 or 93.03 per short ton. The estimated profit for the foui weeks was 10154 and the profit since 1st July is 15*55 The following sets out the cash position f ~-r the pcr'od: 2XSL&Z&. 5th August opening Bank Balance 0D uoependitur Receipts other than fibre Received from C >. B Closing Balance 0D 168989 12*988 *2*78 l1-1504 119095 The following " A. Expenditure was approved* 125267 1^8233 **089 61422 168989 lio, 275 No. 276 No. 277 No. 278 25 clothes lockers Expansion of Water Supply System. 25OO ton ' ulk fuel oil tank - One ".v.F. Transformer type choke controlled electric Welding Plant 2*5. *l*50 ' 18000* . 375 It was agreed that tho Annual General Mootin'* -ho"! 1 be h*ld on .vodnesd y tho 22nd Oetoke-, 195ft at 10.i? a.a. and that the Secretary should notify shareholders *cccrd< ly. APPROVED: Produced in the rr'v /`Scocms f-treonej ribr}75" J - : ... rp;V.,kh:c..iwd hJTVw*J'l'; rc 0:^02. lxto prodootlam ia Jtaly mdtMo is i9Cjdkaii^sfc<lfc*:.it**.70Q& tom* >.a,-PT<^frt t mi frua >--oam hf'nbiifl.U d^GOOtampm* to MUfettegfeg ye--mV --1-- 1tU ? frqparcttm* at* bis|' mod* te SuMLa __^'ll* '*f irmimi pXmV i Colonial Gorgo loaning mo lino of . ....-v-TM**, ' ^'.troatmmt placet iftaA ct Vittmoom Oorgo md filing * toUI^ro--cfelmT-^ ----- ^-.oapooity of about X,000 tana p,a. fradaotim Om Oolmial Qo*gm:l'^*'i:: ;i^obo--or than from ttttwon 0|* boeaooo rood irmapart of oro fwo^f:', .-' ^rCi&A# t* rtll i aroidad a* Colonial Sorgo. '. -.vi/;:: *' lo notriaamoniod that * dividend bo dorfUrod mdthm Iroflt r ?4>p v 1957 - 199.10Q t tTT-.T'RALl AS BI.HB ASBF.ST OS . Minutes of the Meeting of Directors held at No. 1 P(Conne}.l Street, Sydney on Wednesday, 22nd October, 1958 at 10.a*m. * ppfunnt: Messrs. K.O. Brown (Chairman), M.G. King, A.R. Johnston, In attendance; A. Higgs and H.H. Brennan. *,-- *>** The Managers Report for the 4.W.E. 30th September, 1958 jftSoS: was tabled. Prainfliiflll clfc and The following are the figures as shown in the Manager's fftoek; Report 4.W.E. 30th Sept. 2nd, se^. Production S/tons Sales Stock 118? 588 2290 1200 1599 1688 Bstlnats Cost and The estimate cost to produce and sell Bibre for the W.E. 30th September was 87.28 per short ton f.o.b. Freman tle compared with the estimated cost from 1st July, 1958 of 91.22 per short ton. The estimated profit for the four weeks was 6159 and the profit since 1st July is 21,5 liwarvft< The following sets out the cash position for the period:- 30th Sent. 2nd Sept g.A.E. Opening Bank Balance OD Expenditure Receipts other than fibre Received from C.8.R. C losing Balance OD 119095 139002 32910 73228 151959 The following U.A. Expenditure was approved:- 168989 123988 32378 141504 119095 No. 279 No. 283 Secondary Resistance Starter Steel Jeep Trailers 700, 250. Accounts The Balance Sheet and Profit and Loss Account for the year *a<Utorg ended 30th June, 1958together with the Auditors Report ther ftE9rt anti on and the directors Report was tabled and approved and the 3alance Sheet and Director's Report were signed. Mreetn-rc. The Resignation of Mr. J.L. Tucker as a Director has been received as from the 29th October, and it was agreed to wri f and tfcnk him for his services and that Mr.-A.C. Higgs shot be appointed a director in hir place. f; approved; P/YVfri*--. ,, !*< r<* of Richard E p,to s"s- CHAIRMAN p? APSTflAmTT. -BLUE ASBESTOS Minutes of the Meeting of directors held W fiaasai.; Sky *- jjinsU&s 1 . |T Kmfgsgla ftePOTt: In production F5 *t salgg Lfl Stocks fi it;. P b4 Ski' Sg.Uaate K \ &$.% aid 1 \ ^Igll$.* f\` l r | -Sharg S ; IrnaXs:: fs |v Messrs. M.G.King (Chairman), A.C.Higgs and A.R. Johnston* In attendance: Mr. H.R.Brennan. The Minutes of the Meeting of Directors held on the 22nd October, 1958 were confirmed and signed and also the Minutes of the Annual General Meeting held on 22nd October, 1953. Tbe Manager's Report for the 4- W.E. 28th October, 1958 was tabled. The following are the figures as shown in the Manager's Report:- Production S/tons Sales Stock 2&th Oct. 1226 1564 1953 10_th_.Se 1187 588 2290 The estimate cost to produce and sell fibre for tbe 4 W.E. 28th October was 87.20 per short ton f.o.b. Fremantle coopered with the estimated cost from 1st July, 1958 of 90.24per short ton. The estimated profit for the foui weeks was 24865 and the profit since 1st July is 46379. The following sets out the cash position for the period:- 28th. Oci. 80th. Sen Opening Dank Balance OD Expenditure Receipts other than fibre Received from C.S.R. Closing Balance OD 151959 143615 35275 154402 105897 119095 ` 139002 32910 73228 151959 Approval was given for the transfer of five j deferred shares numbered 80016 to 80020 * inclusive from Mr. J.L.Tucker to Mr. A.C.Higgs. nfcm,S3r0f Ces; ***** F. S^T 15 -2 - hare 'Alternate ~DlT.ee.tPJ: i It vas resolved that share certificate No.4l for five deferred shares In the name of Mr. A.C.Higgs be sealed vlth the Company's / seal and Mr. H.R.Brennan be authorised to countersign the certificate. Share certificate No. 4 in the name of John Leith Tucker vas cancelled. Mr. A.C.Higgs advised that with the approval / of the Directors he proposed that Mr. H.R. Brennan be appointed his alternate Director. CHAIRMAN . _ ... ...... W1 i Asbxsoa Fc-rsonal Injury Cases; Abrams Lc-r.d u copied to n-ch&'d F. Ccrucgs. i i rul. JJVJ1 Klim** -*f thr. !*" - ZU'SCZ.;*... .* No. I C'Cc^-vi ., Sydney or. Wednerdav'l t.h' December, t ^0. s.,^14 X.C. Broun9 A.C. Higgs, and A.S. Johnston. The Kirrutes of the Meeting of Directors held orj the 20th November, 1956 were approved and signed. Tho Manager's Report f?r f v.r weeks ended 25th November, 1953 was tabled. The following sr*A the figures as shown in the Manager's Report? L2jlVLa* Production S/tons. Sales w Stock " 2?th Nov. -28th. .Oct. 1045 983 2020 1226 1564 1953 The ertiouted cost to produce and sell fibre for the 4.W.E. 25th November, 1958 was 93*67 per short ton f.o.b. Fremantle compared with the estimated cost from 1st July. 1958 of 90.83 per short ton. The estimated profit for the four weeks was 15760 and thprofit since 1st July, 1958 is 62139* The following sets out th*1 cash position for the peric Opening Bank Balance OD Expenditure Receipts other than fibre Received from C.S.R. Closing Balance OD 25th November. 28th Octobc 105897 1^8111 33270 95246 im 35275 154402 125492 105897 The following N.A. Expenditure was approved?- No. 283 Chevrolet and Holden Cars 3450* APPROVED f CHAIRWT. ' in tha mnMor of Czzzi', ....t;n3 Lc-id & ccplsd to 'tut F. Scruggs. V AUSTRALIAN BI.UF ASBESTOS Minutes of the Meeting of Directors held at No, 1 Bent Street, Sydney at 10,30 a.m. on Tuesday 6th January, 1959. Messrs. M.G. King, (Chairman), A.R. Johnston, A. Mackintosh and H.R. Brennan. It was resolved that the Form No. 71 Security to the Customs for the importation of 2500 dozen Hessian Bags be signed and sealed with the Company's seal and Mr. H.R. Brennan was authorised to countersign the Form in place of the Secretary as provided in the Memorandum and Articles of Association. APPROVED: CHAIRMAN. N/tU 7. .Vv `C 0926 #vf I ^' .1 -': AUSTRALIAN BLITt ASBESTOS LTD. Minutes of Meeting of Directors held at No. 1 O'Connell Street, Sydney, on Wednesday, l4th January, 1959 at 10.00 a.m. Present Messrs. K.O. Brown, A.R. Johnston, A. Mackintosh (alternate director for Mr. C.H. Broadhurst). In attendance .. H.R. Brennan. Minutes ; The Minutes of the Meeting of Directors held on the 17th December, 1958 and the 6th January, 1959 were confirmed and signed. Manager1s Report j The Manager's Report for 4 W.E. 23rd. December, 1958 was tabled. Production Sales and Stock : The following are the figures as shown in the Manager's Report K ara.PW. 2?th Not. Production Sales Stock S/Tons " " 1088 916 2197 1045 983 2020 Cost and Profit ; The actual cost to produce and sell fibre for the 6 M.E. 23rd. December was 86.92 per short ton. The actual profit for the 6 M.E. 23rd. December was 96,903. Finance s The following sets out the cash position for the period 23rd* Psa. Opening Bank Balance OD 125492 Expenditure 163258 Receipts other than fibre 32135 Received from C.S.R.Co. 92156 Closing Balance OD 164459 25th to. 105897 148111 33270 95246 125492 C 0927 CHAIRMAN. w- / Presentr Minutes: Manager's ffcpo QPJXJk mm-. Finance: n.A.E. AUSTRALIAN BLUE ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l O'Connell Street, Sydney on Thursday, 12th February, 1959 at 10.00 a.m. Messrs. K.O.Brown (Chairman), M.G.King, A.Higgs, A.R.Johnston. In attendance: H.R.Brennan. The Minutes of the Meeting of Directors held on 14th January, 1959 were confirmed and signed. The Manager's Report for 4 W.E. 20th January was tabled. Production Sales & Stocks. The following are the figures as shown in the Manager's Report:- 4 W.E. 39th 2^rd Dec. Production Sales Stock S/tons " " 910 1459 1650 1088 916 2197 The estimated cost to produce and sell fibre for the 4 W.E. 20th January, 1959 vas 92.95 per short ton f.o.b. Fremantle compared with the cost for last six months of 8o.92 per short ton. The estimated profit for the four weeks was 19,935. The following sets out the cash position for the period:- 20th J.an. 2\rd Dec. Opening Bank Balance 0D Expenditure Receipts other than fibre Received from C.S.R. Co. Closing Balance OD 164459 132446 32218 m 125492 163258 3213? 92156 164459 The following U.A.Expenditure was apppoged: No.285. 2 Electric Motors. 2,370. It was agreed that the third production line at Colonial Gorge should be proceeded with. (7. CHAIRMAN AUSTRALIAN BLUB ASBESTOS LTD Minutes of Meeting held at No. 1 O'Connell Street, Sydney at 11.30 a.m. on Thursday, 12th March, 1959. Present* Messrs.M.G.King (Chairman), A.R.Johnston and H.R.Brennan (Alternate Director for Mr.A.C.Higgs). Minutes of Meeting: The Minutes of the Meeting held on the 12th February, 1959 were confirmed and signed. Manager's Reportt finst ami Profit* The Manager's Report for 4 W.E, 17th February was tabled. are the figures as shown In the Manager's Report;- w-s. 17th 20th Jan. Production Sales Stock S/tons 1116 990 1749 910 0M9 1650 The estimated cost to produce and sell fibre for the 4 W.B. 17th February was 88-.35 per short ton f.o.b. Fremantle and the cost since 1st January, 1959 is 89.51. The estimated Profit for the 4- weeks was 10,283 and the Profit to date this half year 30,218. Financs* The following sets out the cash position:- 17th Feb. 20th Jan. Opening Balance O.D. Expenditure Receipts other than fibre Received from C.S.R. Co. Closing Balance O.D. 18537416124-3 31006 158351 157200 1644-59 132446 32218 79313 185374 U.A. Expenditure: The following U.A. Expenditure was approved:- No.284. Second Treatment Leg. 12,250. No.286. Scraper Type Ore Drier. 5,200* 929 AUSTRALIAN BLUB ASBESTOS LTD. Minutes of Meeting held at No.l O'Connell Street, Sydney at 10.30 a.m. on Thursday, 9th April, 1959. Present: Directors - Messrs.M.G.King, A.R.Johnston, In attendance - Messrs.A,Mackintosh and K.Brennan. Minutea_of Malaga Managgsla Report: The Minutes of the Meeting held on the 12th March, 1959 were confirmed and signed The Manager's Report for 4 W.B. 17th March was tabled. Production Sales & Stocks. The following are the figures as shown in the Manager's Report 4- WJS x 17th March 17th Feb. Production Sales Stock S/tons 1137 802 2084 11X6 990 1749 cpgt. art Mil: Finance: U.A. gsrertltara? The estimated cost to produce and sell fibre for the 4 W.B. 17th March was 79.48 per short ton f.o.b. Fremantle and the cost since 1st January, 1959 is 84.03. The estimated Profit for the 4 weeks was 8,113 and the Profit to date this half year 38*331. The following sets out the cash position*- 17th March 17th Opening Balance OD. Expenditure Receipts other than fibre Received from C.S.R,. Co. Closing Balance OD. 157200 137172 33087 79392 181893 185374 161243 31006 158351 157200 The following U.A.Bxpenditure was approved:- No.287. Installation of 3rd treatment line at Colonial Gorge, No,288. Scraper Drier. No.289. Fibre Store. 62900 3030 7400 / 0930 CHAIRMAN 14. C 0951 Minutes of Meeting held at No.l O'Connell Street, Sydney at 9.30 a.m. on Thursday, l4th May, 1959. Prntf Messrs. M.G.King (Chairman), A.C.Higgs, A.R.Johnston. Tn attendance* Mr .A.Mackintosh and Hr. H. Brennan. mirmtes of Maetingi The Minutes of the Meeting held on the 9th April, 1959 were confirmed and signed. Manager'a Report1 The Manager's Report for V W.B, l4th April, 1959 was tabled. production Sales & Sales. The following are the figures as shown in the Manager's Reporti 14th April 17th March Production Sales Stock S/tons 1091 2044 1097 1137 802 2084 ng ft and Profit* The estimated cost to produce and sell fibre for the 4 W.B, l4th April was 83*44 per short ton f#o*b. and the cost since 1st January, 1959 is 84.23. The estimted Profit for the 4 weeks was 18.516 and the Profit to date this half year 5o,847. Finaass* The following sets out the cash position:- 14th April 17th March Opening Balance Oh Expenditure Receipts other than fibre Received from C.S.R. Co. Closing Balance Oh 181893 158247 29451 199440 111249 157200 137172 33087 79392 Bill of Sales It was resolved that the Memorandum of Satisfaction of Bill of Sale be signed and sealed with the Company's Seal and Mr.H.R. Brennan was authorised to countersign the document. * $ The following U.A Expenditure was approved Form No.29O. Surge Bin Modification* 8,213. Form No.291. Secondary Crushing Plat Section Modification. 3,877. Form No.292. Pomona Pu^p. 900, ~v . (0 Managing Director AUSTRALIAN BLUR ASBFST03 LIMITED Minutes of Meeting held at tfo.l 3ent Street, Sydney on Tuesday, 2nd June, 1959 at 10,30 a,ra. Present; Minutes fit Meeting; Manager's Report? Cost and Protitt Finance; Messrs,M.G.King (Chairman), A.C.Higgs, a.R,Johnston, A.Mackintosh and H.Brennan, The Minutes of the Meeting he}d on the l4th May, 1959 were confirmed and signed. The Manager's Report for 4 !7,E. 12th May, 1959 was tabled. Production Sales. The following are the figures as shown in the Manager's Report;- Production Sales Stock S/tons 12th Mav 12 36 1380 950 l4th Aju:n 1091 2044 1097 The estimated cost to produce and sell fibre for the 4 tJ.R. 12th May was 8R.ll per short ton f.o.b. and the cost since 1st January, 1959 is 8^.98. The estimated Profit for the four weeks was 18,549 and the Profit to date this half year 75,398. The following sets out the cash positiont- Opening Balance 0D Expenditure Receipts other than Fibre Received from C.S.R, Closing Balance 0D 12th Mav 111249 122874 JU423 142205 60495 l4th &U 181193 158247 29451 199440 111249 t- / s CHAIRMAN v:stra .inutes of Meeting held ax. '<o. I lent Street, Sydney op. eioesday 5th July, 19 59 t 12.30 ?. =. Present? '[esssrs. li. G. King (Chairman) .1. ?.. Johnston A. riackintosh. In attendance '.lr. H. R. 3reman. -anutes of heating; .he .-inutes of the Meeting held on ^he .-.nd June, 1959 confirmed and signed. Manager1 s Report The Manager's Report for 4 M. 2. 9th June, 1959 was tabled. Production 1 Sales. The follwoing are the figures as shown in the Manager's Report:- Production Sales Stock 3/Tons 1208 1079 1093 12th :-av. 1236 13S0 950 Cost * .Profit. The estimated cost to produce and sell fibre for the 4 .2. 9th June was tS2. 28 per short ton f.o.b. and the cost since 1st January, 1959 is 84. 13. The estimated profit for the four weeks was 12,999 and the profit to date this half year 88,395. Ejaance: The following sets out the cash posttian.:- Opening Balance OD Expenditure Receipts other than fibre Received from C. 3. R. Closing valance 00 9th June 049 5 1466a 3a95 69933 108988 Ifrh May. 111249 122874 31423 142205 62495 The following U, A. Expenditure was approved:- No. 293 Survey Equipment - 350. 0. 0* C 0933 AUSTRALIA;' SU;= ASBESTOS LIMITED Minutes cf Meeting held at f!o* 1 Bent Street, Sydney on Tuesday, 22nd July, 1^59. Present: In Attendance: Minutes of Meeting: Manager*s Report: Finance: Half Yearly Accounts: Fibre Quality: Messrs.M.G.King (Chairman), A.Higgs and A.R.Johnston. Mr.H.B.Brennan. The Minutes of the Meeting held on the 8th July, 1959 were confirmed and signed. The Manager's Report for 4 ,,.E. 7th July, 1959 was tabled. Production & Sales. The following figures as shown in the Manager's Report were tabled:- 7th July 9th June Production Sales Stock 5/Tons 1396 1120 1369 1208 .1093 Cost 3. Profit. The estimated cost to produce and sell fibre for the 2 v-.E. 23rd June was 80.53 per short ton f.o.b. and the cost since 1st January, 1959 was 83.77. The estimated profit for the two weeks was 6541 and the profit this half year 94,936. The estimated cost to produce and sell fibre for the 2 'A.E. 7th July, 1959 was 76.45 per short ton flo.b. The estimated profit for the two weeks was 11,691. The following sets out the cash position:- 7th July 9th June Opening Balance OD Expenditure Receipts other than fibre Received from C.S.R. Closing Balance OD 108988 143955 31495 149139 72309 60495 146621 32195 65933 108988 The Accounts for half year ended 3Cth June, 1959 were presented to the Meeting showing efrrofit of 104870,12.5 for the half year. The profit for the year ended 3Gth June was 201,774, and it was agreed to write a letter of appreciation to the Manager on this improved result. It was mentioned that we had received several claims lately for bad quality fibre and it would probably be necessary to meet these claims. Approved: 934 CHAIRMAN AUSTRALIAN BLUE ASBESTOS LTD Minutes of Meeting held at No. 1 Bent Street, Sydney on Tuesday, 25th August at 11.00 a.m. Present: Messrs. M.G. King (Chairman) A.R. Johnston and A.C. Higgs. In Attendance Messrs. A. Mackintosh and H. Brennan. Minutes of Meeting: The Minutes of the Meeting held on the 22nd July were confirmed and signed. Managers Report: The Managers Report for 4 W.E, 4th August, 1959 was tabled. Production & Sales. The following figures as shown in the Managers Report were tabled. 4th August 7th July Production Sales Stock sAons 1482 2085 769 1396 1120 1369 Cost & Profit. The estimated cost to produce and sell fibre for the 4 W.E. 4th August was 78.50 per short ton f.o.b. and the cost .since 1st July is 77.85 per S/Ton. Ahe estimated profit for the 4 weeks was 31,731, and the profit this half year 43,422. Finance: The following sets out the Cash position:- 4th Auoust 7th July Bill of Sale: Opening Balance 00 72309 Expenditure 142888 Receipts other than fibre 32721 Received from C.S.R. 154925 Closing Balance OD 27551 108988 143955 31495 149139 72309 It was resolved that the Memorandum of Satisfaction of Bill of Sale for R. Mlodawski be signed and sealed with the Companys seal and Mr. H.R. Brennan be authorised to countersign the memorandum. 935 AUSTRALIAN BLUE ASFESTCS LTD. Minutes of Meeting of Directors held at No.l Bent Street, Sydney on Thursday, 3rd September, 1959 at 3p.m. Present: Minutes: State Housing Commission. Messrs. M.G. King (Chairman) A.C. Higgs and A.R. Johnston. The minutes of the meeting held on 25th August, 1959 were approved and signed. Resolved that an agreement with the State Housing Commission covering the maintenance and administration of 150 dwellings at Wittenoom for a period of two years be signed and sealed with the Company Seal and Mr. A.R. Johnston was authorised to affix the Company Seal thereto. Approved: CHAIRMAN. '1 0936 C 093 AUSTRALIA;; BLUE AS3ESTC LIMITED Minutes of Meeting of Directors held at No.l Bent Street, Sydney on Tuesday, 22nd September, 1959 at 11.30 a.m. Present: Messrs. M.3.King (Chairman), A.C.Higgs and A.R.Johnston. In Messrs.A.Mackintosh and H.R.Brennan. Attendance: Manager's The Manager's Report for 4 ;..E. 1st September Report: was tabled. Production: & Sales. The following figures as shov;n in the Manager's Report were tabled:- lst Sect. 4th *uq. Production Sales Stock 1563 1275 LOS3 1482 2C85 769 Cost & Profit. Theestimated cost to produce and sell fibre forthe 4 h.E. 1st September was <73.59 per short ton f.o.b. and the cost since 1st July is 76.04 per short ton. The estimated profit for the 4 weeks was 27,260 and the profit for 10 weeks is 70,682. Finance: The following sets out the cash position:- lst Sept. 4th Aug. Opening Balance CD Expenditure Receipts other than fibre Received from C.S.R. Closing Balance Cr. 27551 165062 33887 187256 28530 72309 142888 32721 154925 OD 27551 Bill of Sale? It was resolved that the following Memorandum of Satisfaction of Bill of Sale be signed and sealed with the Company's Seal and Mr.H.R. Brennan was authorised to countersign the Memorandum: Bill of Sale dated 26th October,1956. J.D.Tsakalos - 3,500. 0. 0. Bill of Sale dated 25th July,1957. J.D.Tsakalos - 5,312. 7. 6. Bill of Sale dated 26th April,1957. J.D.Tsakalos - 6,500. 0. 0. Approved /J./G CHAIRMAN AUSTRALIA!! BLUE AS3ESTCS LTD. Minutes of Meeting held at f.'o.l Sent Street, Sydney on Wednesday, 14th October, 1959. Present: In Attendance: Minutes: Manager's Report: Finance: Leases: Messrs.M.G.King (Chairman), A.R.Johnston and A.Mackintosh. Mr.H.ft.Srennen. The Minutes of the Meeting of Directors held on 22nd September were confirmed and signed. The Manager's Report for 4 V.'.E. 29th September was tabled. Production 3. Sales. The following TTgurei""asshown"Tn the Manager's Report were tabled:- 29th Seot. 1st Sept. Production Sales Stock 1364 1937 477 1563 1275 1C53 Cost & Profit. The estimated cost to produce and-seITTibre for the 4 W.E. 29th September was 75.92 .per short ton and the estimated profit was 44,.598 and the profit for 14 weeks is 115,280. The following sets out the cash position:- 29th Seot. 1st Seot. Opening Balance Cr. Expenditure Receipts other than fibre Received from C.S.ft. Co. Closing Balance OD 28530 170605 40380 71619 30076 OD 27551 165062 33887 187256 28530 The Chairman advised that Mr.Hancock has pegged leases next to our own and we have objected on the grounds that they are in a Ministerial reserve area. CHAIRMAN AUSTRALIAN BLUE ASBESTOS LTD. Minutes of_Meeting held at No. 1 Bent Street, Sydney on Tuesday, 10th November, 1959. Present: Messrs. M.G. King (Chairman) A.C. Higgs, A.R. Johnston and A. Mackintosh. In Attendance; Mr. H.R. Brennan. Minutes: The Minutes of the Meeting of Directors held on 14th October, 1959 were confirmed and signed. Managers Report: The Manager's Report for 4 W.E. 27th October was tabled. Production & Sales. The following figures as shown in the Manager's Report were tabled:- 27th Oct. 28th Sept. Production Sales Stock 1490 1396 568 1364 1937 477 Cost & Profit. The estimated cost to .product and sell fibre for the 4 W.E. 27th October was 72.69 per short toneand the estimated profit was 29682 and the profit for 18 weeks is 144,962. Finance: The following sets out the cash position:- 27th Oct.29th Sept. Opening Balance Dr. Expenditure Receipts other than fibre Received from C.S.R. Co. Closing Balance Cr* 30076 Or. 28530 149023 170605 56485 40380 168693 71619 28421 Dr. 30076 Leases: It was resolved that Surrender of Mining Tenement for Mineral Claim Nos.19 and 20 situated in Bee Gorge be signed and sealed with the Company's seal and Mr* H.R. Brennan was authorised to countersign the Surrender. It is necessary for these claims to be surrendered to comply with the Mines Department requirements and conditional on the grant of our new claim* The Chairman advised that at the hearing of the Wardens Court at Meekathara on our appeal against Mr* Hancock pegging leases next to our own on the grounds that they are in a Ministerial Reserve area the Xtrden had recommended that our appeal should be upheld* U.A*Expenditure: The following U.A. Expenditure was approved: No. 295 No. 294 Land Rover 3 *Silbestos* spray machines 700 2020 2725 939 Australia:: slue as assies limited Minutes of Meeting of Directors held at Ho.l Bent Street, Sydney on Friday, 11th December, 1959. Present: Minutes; Sanaaer1s Report: Finance: Directors Report f" Annual "** Accounts: Insurance Mr.J.Goergenvi Messrs.M.G.King(chairman), A.C.Higgs and A.R.Johnston. In attendance: H.R.Brennan. The Minutes of the meeting of Directors held on 10th November, 1959, were, confirmed and signed. The Manager's Report for 4 L.E. 24th November, 1959 was tabled. Production & Sales. The following figures as shown in the Manager's Report were tabled:- 24th Nov. 27th CCt. Production Sales Stock 1224 356 1423 1490 1396 563 Cost Profit. The estimated cost to produce and sell fibre for the 4 W.E. 24th November, 1959 was *31.64 per short ton and the estimated profit was *9,184 and the profit for 22 weeks is 154,146. The following sets out the cash position 24th Hov. 27th Oct. Opening Balance Expenditure Receipts other than fibre Received from C.S.R Closing Balance Cr. Co. Cr. 28421 Dr. 3C076 161823 149023 36708 115019 18326 56435 169693 23421 The Balance Sheet and Profit t Loss Account for the year ended 30th June, 1959, together with the Auditors Report thereon was tabled and the balance sheet and Directors Report was signed. It was resolved that the transfer of A.M.P. Policy No.W021329 for Mr.J.Goergenvi be signed and sealed with the Company's seal and Mr.H.R.Brennan be authorised to countersign the transfer. This is necessary due to the transfer of Mr.Georgenyi to The Colonial Sugar Refining Co.Ltd. C 0940 CHAIRMAN AUSTRALIAN BLUE ASBESTOS Minutes of the Meeting of Directors held at No. 1 Bent Street, Sydney at 10.30 a.m. on Tuesday 6th January, 1959. Messrs. M.G. King, (Chairman), A.R. Johnston, A. Mackintosh and H.R. Brennan. It was resolved that the Fora'No. 71 Security to the Customs for the importation of 2500 dozen Hessian Bags be signed and sealed with _____the-Gompanyls seal and Mr. H.R.`Brennan was authorised to countersign the Form in place of the Secretary as provided in the Memorandum and Articles of Association. APPROVE: I CHAIRMAN, V//>7 . Prrdurcd in tte matter of Asbcfcos Personal Injury Cases; A&krs Lc-sd & copied to Richard R Scruggs. AUSTRALIA:: rL Af LTD. Minutes of Meeting of Directors held at Tio. 1 0,Connell street, "ydney, on Wednesday, l4th January, 1959 a* 10.00 a.n. Present : Messrs* K.O. Brown, A.R* Johnston, A* Mackintosh (alternate director for Mr. C.n. Broadhurst). Ih attendance H.R. Brennan. nutes The Minutes of the Meeting of Directors held on the 17th December, 1958 and the 6th January, 1959 were eonfirsed and signed. Manager*s The Managers Itoport for V W.K. 23rd. -- Rgnort- --December, 1958 was tabled. groattctjqa Sales and Stock : The following are the figures as shown in the Manager*s Report 5- 2rUl^. 2Sth-itov Production Sales Stock S/Tons " '* 1088 916 2197 1045 983 2020 Cost and Profit : The actual cost to produce and sell fibre for the 6 M.13. 23rd". December was 86*92 per short ton. The actual profit for the 6 M.E. 23rd. December was 96,903. Finance : The following sets out the cash position for the period Onening Bank ralance OD 125492 Expenditure 163258 Receipts other than fibre 32135 Received from C.S.R.Co. 92156 Closing Balance OD 164459 25th__?Tov. 105897 148111 33270 95246 125492 // if s' A ,v\. chairman, Richard cf AL-CTItAUAS.-BlTJE ASBESTOS IiaTTED Minutes of Moating of Directors held at Tio.l O'Connell Street, Sydney on .Thursday, 12th February, 1959 at 10.00 a.a. fX9,S6nt? Messrs. K.O.Brown (Chairman), M.G.King, A.Higgs# A.R.Johnston* In attendance: H.R.Brennan. Minutes; The Minutes of the Meeting of Directors bold on l4th January, 1959 ware confirmed and signed* l&LQZSliS. Report: The Manager's Report for 4 *.. 20th January was tabled# Production Galea ft Stocks. The following are the figures as shown In the Manager's Report:- !* r-LS. 2.0th Jm. 223ti..$3S. Production Sales Stock S/tons " " 910 1459 1650 1088 916 2197 -Co-St. .& The estimated cost to produce and sell fibre for the 4 jf.s. 20th January, 1959 was 92.95 per short ton f.o.b. Fremantle compared with the cost for last six months of 86.92 per short ton The estimated profit for the four weeks was 19,935* Finances The following sots out the cash position for the period:- 20th__J_gn. 23rd Doc Opening Bank Balance 00 Sxpenditure Receipts other than fibre Received from C.5.R. Co. Closing Balance 00 164459 132446 32218 79313 185374 125492 16325G 32135 92156 164459 The following U.A.Expenditure was approved: !7o.2S5* 2 Electric Motors. 2,370. It V8s agreed that the third production line ' at Colonial Gorge should be proceeded with. Produced in the matter of Asbcc-cs FersonaJ Irwy Cos* lord u ccp&f'to rr ____ CHAIR.'IATT wrmtrtbalia;; asbestos ltd Minutes of Meeting held at No. 1 0*Connell Street, Sydney at 11.30 a.a. on Thursday, 12th March, 1959. Present* Messrs.M.G.King (Chairman), A.R.Jchnston and H.R.Brennan (Alternate Director for Mr.A.C.Higgs) ^rrntes of Mooting* The Minutes of the Meeting held on the 12th February, 1959 were confirmed and signed. Manager* s-------The Manager* s Report fbr 4 '!.*. 17th flanort* February was tabled. ,, Production Sales & Stocks. The following are the figures as shown in the Manager*s Report 4 W.B. 17th Eafc. 20th Production Sales Stock S/tons 1116 990 1^9 ,910 1459 1650 Cost-.and Profit* The estimated cost to produce and sell fibre for the 4 W.E. 17th February was 88.35 per short ton f.o.b. Fremantle and the cost since 1st January, 1959 is 89.51. The estimated Profit for the 4 weeks was 10,28^ and the Profit to date this half year 30,218. Elnaras 7.aA_i Expendltures The following sets out the cash position:- 17th Feb. 20th Opening Balance O.D. Expenditure Receipts other than fibre Received from C.5.R. Co. Closing Balance O.D. 185374 161243 31006 158351 157200 164459 132446 32218 79313 185374 The following U.A. Expenditure was approved:- No.284. Second Treatment Leg. 12,250. No.286. Scraper Type Ore Drier. 5,200. /r tr, ..is, rit-otfsr of ;Ccz*s *---'' d3 r. tcrucgs. to * CTUIRMAN AUSTRALIAN BLUE ASBESTOS LTD. f Minutes of Meeting held at No.l O'Connell Street, Sydney at 10.30 a.m. on Thursday, $ 9th Apm, 1959.' ' Present? Directors - Messrs.M.G.King, A.R.Johnston, In attendance - Messrs.A.Mackintosh and H.Brennan. Minutes. ..of Meeting: Managers Report: The Minutes of the Meeting held on the 12th March, 1959 were confirmed and -signed e The Manager's Report for 4 W.E. 17th March was tabled. Production Sales ft Stocks. The following are the figures as shown in the Manager's Report:* ** W.E. 17-th March 17th Feb. Production Sales Stock S/tons 1137 802 2084 1116 990 1749 Cost and Profit? The estimated cost to produce and sell fibre for the 4 W.E. 17th March was 79.48 per short ton f.o.b. Fremantle and the cost since 1st January. 1959 is 84.03. The estimated Profit for the 4 weeks was 8,113 and the Profit to date this half year 38,331. Finance? U.A. Expenditure? ut the cash position; 17th March 17th Feb. Opening Balance OD. Expenditure Receipts other than fibre Received from C.S.R. Co. Closing Balance OD. 157200 137172 33087 -79392 181893 185374 161243 31006 158351 157200 The following U.A .Expenditure was approved:- No.287. Installation of 3rd treatment line at Colonial Gorge. No.288. Scraper Drier. No,289* Fibre Store. 62900 3030 7400 CHAIRMAN iVO I rtjii. - ;v. "i- - r.CD'O -.'I Minutes of Meeting held at No.l O'Connell Street, Sydney at 9.30 a.m. on Thursday, l4th May, 1959. Present; Messrs. M.G.King (Chairman), A.C.Higgs, A.R.Johns ton. In attendance: Mr.A.Mackintosh and Hr. H. Brennan. Minutes of Meetings The Minutes of the Meeting held on the 9^h April, 1959 were confirmed and signed. Manager's Report; Cost and ZX.QXjt: The Manager's Report for 4 W.E, l4`th April, 1959 was tabled. Production Sales Sales. The following are the figures as shown`in the Manager's Report?- 4 W.E. 14th April 17th March Production Sales Stock S/tons 1091 2044 1097 1137 802 2084 The estimated cost to produce and sell fibre for the 4 W.E. l4th April was 83.44 per short ton f.o.b. and the cost since 1st January, 1959 is 84.23. The estimted Profit*, for the 4 weeks was 18.516 and the profit to date this half year 5,847, Finance: The following sets out the cash position:- l4th April . 17th March Opening Balance OD Expenditure Receipts other than fibre Received from C.S.R. Co. Closing Balance OD 181893 158247 29451 19944o 111249 157200 137172 33087 79392 Bill of Sale It was resolved that the Memorandum of Satisfaction of Bill of Sale be signed and sealed with the Company's Seal and Mr.H.R. Brennan was authorised to countersign the document. O.A.E.t The following U.A, Expenditure was approved?- Form No.290. Surge Bin Modification. 8,213. A Form No.291. ferrA-"1WSrocfue*, .Form No.292. Richad hTw -**--.* to 1 / Secondary Crushing Plat Section Modification. Pomona Puipp. 3,877. 900. Managing Director ADSTRALTAH RI-TT? AS?*STOB IT-tTH!) Minute of'Meeting held at No,1 Bent Street, Sydney on Tuesday, 2nd June, 1959 at 10*3 a.m. Present; Messrs.M.C.King (Chairman), A.C.Higgs, A,R.Johnston, A,Mackintosh and H.Brennan. Minutes of Meeting; The Minutes of the Meeting held on the 14th May, 1959 were confirmed and signed. Manager's-- Report; *The Manager's Report for 4 W.F. 12th May, 1959 was tabled* * Production * .Rales. The following are the figures as shown in the Manager's Report 12th Mav l4th April Production Sales Stock S/tons 1236 1380 950 1091 2044 1097 Cost and Profit? The estimated cost to produce and sell fibre for the 4 W.F. 12th May v/as 83,11 pei short ton f.o.b. and the cost since ist January, 1959 Is 83*98. The estimated Profit for the four weeks was 18,5^9 and tk Profit to date this half year 75,396. Flnaasa? The following sets out the cash position;- Opening Balance OD Expenditure Receipts other than Fibre Received from C.S.R, Closing Balance OD 12th Mav 111249 122874 '1423 142205 60495 l4th April 181193 158247 29451 199440 111249 i Produced in the matter of F.--- Richard Load & ccr F. Sen"" Q 10 * CHAIRMAN VOSTRAt-TAM 3T.U5 A3353TOS Vrg-.ZD. Minutes of Meeting held at No, 1 Bent Street, Sydney on ednesday 8th July, 195? -*t 12.30 p, m. Iiaisaii Messers. M. G, King (Chairman) A, R. Johnston J, Mackintosh, In attendance Mr, II, R, Brennan. ^flutes of tertine* &&fi&sL Report The Minutes of the Meeting held on the aid June, 195? confined and signed. The Managers Report for 4 W. E. 9th June, 1959 was tabled. Production _& _Salee. The folluoing are the figures as shown in the Manager's Reports- Production Sales Stock S/Tona Sfth JtiBfi 1208 1079 1093 laauto 1236 1380 950 Cost .ft. Profit. The estlaated cost to produce and sell fibre for the 4 'rf. E. 9th June was 82.28 par short ton f, o,b. and the cost since 1st January, 1939 is 34. 13. The estimated profit for the four veeics vas 12,999 and the profit to date this half year 38,395. Zinaam The following sets out the cash positions* Opening Balance 00 Expenditure Receipts other than fibre Reoeived from C, 5. R. Closing Balance 00 m-flaa. 63495 146621 32195 65933 1089S8 12th May. 111249 122874 31423 142205 63495 U.A. groenditure. The follwing 0. A. Expenditure vas approved)- No. 293 Survey Equipment - i350. 0. 0. Producsd in ths matter of Ashcc-Or. F-'Tcnci i-' '* v'-w.--'U t'J PijiiCid i*. AUSTRALIAN PLUT A*g"PTCF LIMITTO Minutes of Meeting held at Mo*I Bent Street Sydney on Tuesday, 22nd July, 1959* Present: In Attendance: Minutes of Meeting: Manager*s Resort: Finance: Half Yearly Accounts: "ibre duality: Messrs.:*.*King (Chairman), A.HIggs and A.A.Johnston* Mr.H.B.Brennan* The Minutes of the Meeting held on the 3th July, 1959 were confirmed and signed* The Manager's Report for 4 . .E. 7th July, L959 was tabled. Production A '"ales. The following figures as shown in the Manager's Report were tabled:- 7th July 9th June Production Pales rtock S/Tons 1396 1120 1369 12C3 1093 Cost \ Profit. The estimated cost to produce and sell fibre for the 2 . .E. 23rd June was 30*53 per short ton f.o.b. and the cost since 1st January, 1959 was 33.77. The estimated profit for the two weeks was 6541 and the profit this half year 94,936* The estimated cost to produce and'sell fibre for the 2 *2. 7th July, 1959 was 76.45 per short ton flo.b. The estimated profit for the two weeks was 11,691. The following sets out the cash position:- 7th July 9th June Opening balance CD Expenditure Receipts other than fibre Received from C.S.R* Closing Balance OD 103933 143955 31495 149139 72309 60495 146621 32195 65933 1C3933 The Accounts for half year ended 20th June, 1959 were presented to the Meeting showing aprefit of 104370.12.5 for the half year. Tho profit for the year ended 30th June was 201,774* and it was agreed to writs a letter of appreciation to the Manager on this improved result. It was mentioned that we had received several claims lately for bad quality fibre and it would probably be necessary to meet these claims. / Prc;!ursd in the matter of Asbsc'ts Personal ir.jjry Cases; AL to Approved: Minutes of Meeting held at No. 1 Bent Street, Sydney on Tuesday, 25th August at 11.CO a.m. Present; Messrs. M.G. King (Chairman) A.R. Johnston and A.C. Higgs. In Attendance; Messrs. A. Mackintosh and H. Brennan. Minutes of Meeting: The Minutes of the Meeting held on the 22nd July were confirmed and signed. Managers Report: The Managers Report for 4 W.E. 4th August, 1959 was tabled. Production & Sales. The following figures as shown in the Managers Report were tabled. 4th August 7th July Production S/Tons Sales ' Stock . 1482 2085 769 1396 1120 1369 Cost & Profit. The estimated cost to produce and sell fibre for the 4 W.E. 4th August was 78.50 per short ton f.o.b. and the eost.since 1st July is 77.85 per S/ton. *he estimated profit for the 4 weeks was 31,731, and the profit this half year 43,422. Finance: The following sets out the Cash positionj- 4th Auqub t 7th July Opening Balance OD 72309 Expenditure 142883 Receipts other than fibre 32721 Received from C.S.R. 154925 Closing Balance OD 27551 108988 143955 31495 149139 72309 Bill of Sale; It was resolved that the Memorandum of Satisfaction of Bill of Sale for R. Mlodawski be signed and sealed with the Companys seal and Mr. H.R. Brennan be authorised to countersign the memorandum. V Cases; AUSTRALIAN KLUE A5RFST05 LTD. Minutes of Meeting of Directors held at No.l Bent Street, Sydney on Thursday, 3rd September, 1959 at 3p.m. Presents Messrs. M.G. King (Chairman) A.C. Higgs and A.R. Johnston. The minutes of the meeting held on 25th August, 1959 were approved and signed. Resolved that an agreement with the State Housing Commission covering the maintenance and administration of 150 dwellings at Wittenoom for a period of two years be signed and sealed with the Company Seal and Mr. A.R. Johnston was authorised to affix the Company Seal thereto. Approved: CHAIRMAN. . , ........ . i..... U ysczz-cs injury Cases; .y.-r-rruS Lsad a copied to TMaLIA -T-rr'- T T* Minutes of Meeting of directors held at Kc.l Beni street, Sydney on Tuesday, 22nd Seotember, 1959 at 11.30 a.m. Present: Messrs. K.3.King (Chairman), A.C.Higgs and A.R.Johnston. _n Messrs.A.Mackintosh and H.A.Brennan. Attendance Manager's Report: The Manager's Report for 4 . . = . 1st September was tabled. ^reduction 1 Sales. The following figures as shown in the Manager's Report were tabled:- 1st Sect. 4th *uc Production Sales Stock 1563 1275 1C53 1432 2C35 769 Ccr.t Z Profit. The estimated cost to produce and sell fibre for the 4 .E. 1st September was 373.59 per short ton f.o.b. and the cost since 1st July is 376.04 per short ton. The estimated profit for the 4 weeks was 327,26c and the profit for 1C weeks is .-270,682. nnance: The following sets out the cash position:- lst Sept. 4th Auo. Opening Balance CD Expenditure Receipts other than fibre Received from C.S.R. Closing 3alance Cr. 27551 165062 33887 137256 23530 72309 142888 32721 154925 CD 27551 Bill of Sal*: It was resolved that the following Memorandum of Satisfaction of Bill of Sale be signed and sealed with the Company's Seal and Mr.H.R. Brennan was authorised to countersign the Memorandum: Eill of Sale dated 26tn October,1956. J.D.Tsaka - .22,500. 0. Bill of Sale dated 25th July,1957. J.C.Tsakalos - 5,312. 7. Bill of Sale dated 26th April,1957. J.D.Tsakalo 06,500. 0. Approved V /l /d> /*. ^ / ISl.iAW AUSTRALIAM BLUE ASBESTOS .LTD. Minutes of Meeting held at N'o.l Dent Street, Sydney on Wednesday, 14th October, 1959, Present; Messrs.M.G.King (Chairman), A.R.Johnston and A.Mackintosh, Mr.H.R.Brennen. The Minutes of the Meeting of Directors held on 22nd September were confirmed and signed. The Manager's Report for 4 v;.E. 29th September was tabled. Production & Sales. The following figures as shown in`the Manager's Report weretabled:- 29th Sent. 1st Seot 1364 1937 477 1563 1275 1053 Cost & Profit. The estimated cost to produce and sell fibre for the 4 W.E. 29th September was 75,92 per short ton and the estimated profit was 44,598 and the profit for 14 weeks is 115,280. The following sets out the cash position:- 29th Seot. 1st Seot, Cr. 28530 170605 OD 27551 165062 40380 Co. 71619 OD 30076 33887 187256 28530 The Chairman advised that Mr.Hancock has pegged leases next to our own and we have objected on the grounds that they are in a Ministerial reserve area. AUSTRALIAN BLUR ASBESTOS, LTD. Minutes of Meeting held at No. 1 Bent Street, Sydney on Tuesday, 10th November, 1959. Present: Messrs. M.G. King (Chairman) A.C. Higgs, A.R. Johnston and A. Mackintosh. In Attendance; Mr. H.R. Brennan. Minutes: The Minutes of the Meeting of Directors held on 14th October, 1959 were confirmed and signed. Manager1s Report: The Manager's Report for 4 W.E. 27th October was tabled. Production & Sales. The following figures as shown in the Manager's Report were tabled:- 27th Oct. 28th Sept. Production Sales Stock 1490 1396 568 1364 1937 477 Cost & Profit. The estimated cost to product and sell f'ibre for the 4 W.E. 27th October was 72.69 per short tonfeand the estimated profit was 29682 and the profit for 18 weeks is 144,962. Finance: The following sets out the cash position:27th Oct.29th Sept. .} Leases: Opening Balance Dr. Expenditure Receipts other than fibre Received from C.S.R. Co. Closing Balance Cr. 30076 Cr. 28530 149023 170605 56485 40380 168693 71619 28421 Dr. 30076 It was resolved that Surrender of Mining Tenement for Mineral Claim Nos.19 and 20 situated in Bee Gorge be signed and sealed with the Company's seal and Mr. H.R. Brennan was authorised to countersign the Surrender. It is necessary for these claims to be surrendered to comply with the Mines Department requirements and conditional on the grant of our new claim. The Chairman advised that at the hearing of the Wardens Court at Meekathara on our appeal against Mr. Hancock pegging leases next to our own on the grounds that they are in a Ministerial Reserve area the Warden had recommended that our appeal should be upheld. U.A.Expenditure: The following U.A. Expenditure was approved: No. 295 No. 294 Land Rover 3 "Silbestos" spray machines i [i - 700 2020 2720 - u 10 AUSTRALIAN BLUR ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l Bent Street* Sydney on Friday* 11th December* 1959. Present! Minutes: Manager's Report; Finance: Directors Report & Annual Accounts; Insurance Mr.J.Goersenvl: A % !/ Messrs.M.G.King(chairman), A.C.Higgs and A.R.Johnston. In attendance: H.R.Brennan. The Minutes of the meeting of Directors held on 10th November* 1959* were confirmed and signed. The Manager*s Report for 4 v;.E. 24th November* 1959 was tabled. Production & Sales. The following figures as shown in the Manager*s Report were tabled:* 24th Nov. 27th OCt. Production Sales Stock 1224 356 1428 1490 1396 568 Cost & Profit. The estimated cost to produce and sell fibre for the 4 w.E. 24th November* 1959 was 81.64 per short ton and the estimated profit was 9*184 and the profit for 22 weeks is 154*146. The following sets out the cash position:* 24th Nov. 27th Oct. Opening Balance Cr. Expenditure Receipts other than fibre Received from C.S.R. Co. Closing Balance Cr. 28421 Dr. 30076 161823 149023 36700 115019 18326 36485 169693 28421 The Balance Sheet and Profit Loss Account for the year ended 30th June, 1959* together with the Auditors Report thereon was tabled and the balance sheet and Directors Report was signed. It was resolved that the transfer of A.M.P. Policy NO.W021329 for to.J.Goergenvi be signed and sealed with the Company's seal and Mr.H.R.Brennan be authorised to countersign the transfer. This is necessary due to the transfer of to.Georgenyi to The Colonial Sugar Refining Co.Ltd. Approved: p ts? rrr4:-'- r-: Asbcsics Pcfsonu! i>:-7 Abrams Le?d 6 ccpisd to P.lchsrd F. Scruggs. CHAIRMAN .1 TED Minutes of Meeting of Directors held al. Mo.i Dent Street, Sydney on Thursday, 23th January, I960. Present: Minutes: Manager's Report: Finance: Accounts 6 M.E. 31/11759: Leases: 941 Directors - Messrs. M.G.King(Chairman, A.R.Johnston and D.H. Sroadhurst. In attendance - Mr.H.A.Brennan. The Minutes of the Meeting of Directors held on 11th December were confirmed and signed and the Minutes of the Annual General Meeting were confirmed and signed. The Manager's Report for 4 M.E. 22nd December, 1959 was tabled. Production I Sales. The following figures as shown in the Manager's Report were tabled:- 22nd Dec. 24tit Kov. Production Sales Stock S/tons * " 1224 598 2043 1224 356 1428 Dost 9 Profit! The estimated cost to produce and sell fibre for the 4 v/.E. 22nd December, 1959 was 350.36 per short ton and the estimated profit was 212,746 and the profit for 26 weeks is estimated at 2166,892. The following sets out the cash position:- 22nd Dec. 24th Mote Opening Balance Or. Expenditure Receipts other than fibre Received from C.S.R. C6. Closing Balance Dr. 13326 Cr. 23421 121232 161323 41630 36708 60C63 115019 1208 Cr. 13326 ihe Accounts for the six months were tabled showing a profit for the period of 172,099. It was reported that we are still negotiating with the Government to accept our objection to the pegging of Leases next to the Mine and in the Ministerial Reserve area. An official plan was tabled from the Mines Dept, showing these areas as a Ministerial Reserve and this had been signed by the Chief Draftsmen. All Residential, Mater Rights and Mineral Leases have been checked and found to be in order and shown on the Mines Dept. Plan Mo.104, Leases {conoid) : Application v;ill be made to cover spars gear area and the tailings dump v/hich are nov: not included. It vas agreed that the Manager be instructed to peg total leases of 12.CCC acres. ApDroved: C 0942 0943 Minutes of M .etim : `irectors. heid i 'J.l Tent Street, ''ybnev on 'onday, 15th February, 17-6C at 2.3.' e.m. ;:ir.utas: Manager's Meocrt: Finance; Leases: U.A.E: Messrs . .3 .Kino ( 77:airman) 7." .Troadhurst -.r.d .Jchr.s t :n. ,'iiO . iuutic : 7 the Meeting ar irectors held on 27th January, 176(7 '.ere confirmed and signed. Th-' Manager1? ,.?port for 4 h.E. 1-7.1.6C v:as cabled. Production ' '~al` . Th o following figures are r.no\n in the anage r's .deport:- I'th J*.n. 2 2nd nec. Product:L.-n Tales Ttock "/tii on c II 771 1.2 :5 1721 1224 513 ^04*? Jos t P .Profit. - he es timeted cost to produce and sell r ibre for the -1 ... P 17.1.6C was 7.7. -/ oer ritort ton and the estimat.ad orofit as 72 7701 and thi r. is the to date profit f or the half year. The following so t s out the cash pos ition: - 11th Jan. 2 2nd mec. Opening balance Expenditure Receipt r. other t ban f ibre uo-ceiv*. d cron. 7. 9 . i . Co. Closing balance 1203 Cr. 13326 127171 121232 P42C 3 11530 124511 6CC63 2753C Cr. 12D3 It v.as reported that the application of h.B.A. and Hancock Prospecting Jo. for claims adjacent to ..ittenoom have not been granted but A.O.... has been granted a right of occupancy for 6755 acres subject to their undertaking exploration work. The following U.A.Expenditure was approved:- Extension of underground conveyor. Ko.7 Ore Pocket. Electric Reticulation i`o.6 <*. 7 Levels. 1C0C KVA Transformer. LQng Hole nrilling Equipment. 40 Clothes Lockers. Cleaning Section. building over conveyors. Cil Flowers for Trommels. 'rainage about mill buildings. Potato .loom at Store. Vents in Tulk Ttore. Ledger Machine .217000 .22C5C 28000 23000 .21530 2470 243CO 22000 .22000 .23000 2750 2300 2100 minutes of .''fetin'; of .rectors of Australian Flue Asbesrcc Ltd. hei cc ;:o.l rejet street, Sydney on Tuesday, 1st 'arch. \(o"0 Present: mineral aims: Galoaist: manager1 s Aeoort: Finance: U.A.E: Messrs. .".G.iCinq (Chairman), I.M.Eroaihurst 3nd ....... Johnston. In attendance: "rA!.A.Eronnan. It 3s resolved :Ar.: "urrender cf Lease forms for surrender of leases T.2,22,26 and 27 in "alc-s Jorge for a Flora and Fauna Reserve be signed end sealed '.;ith the Company's seal and "r.m.A.Arennan be authorised to countersign the forms. It >. as reported that Mr.Finucane had been snqageci to do a geological survey in ministerial Aoserve arearecently granted by the minister. The manager's report for 4 tabled. 15.A.60 was ."roducticn '"ales. i. -.e following figures are rho'n in the Manager1s Report:- loth Feb. 19th Jan. Production Sales Stock S/tIIons ii 994 920 1791 979 1286 1721 Production has been affected by continuous heavy rain. Cost and Profit. The estimated cost to produce and sell fibre for the 4 b.E. 16.P.60 vas 993.45 per short ton and the estimated profit was 92033 and the to date profit for the half year is '.23720. These figures are after writing off 260C0 for obsolete stores. The following sets out the cash position:- 16th Feb. 19th Jan. Opening "alance Expenditure Receipts other than fibre Received from C.S.R. Co. Closing Balance 27530 109500 29719 89537 37336 1203 129979 34206 124511 27530 The following U.A.Expenditure was approved:- Mo.296. Mo.297. Mo.293. Brov/ett 2 Lindley Air Compressor. .22858 ,luston VLBX Alternator Set. 226000 ' Tailings Treatment Plant. 26000 Approved: C 0944 ::iAIftf.!AI! AUSTRALIAN BLUE ASBESTOS LIMITED Minutes of Meeting of Directors of Australian Blue Asbestos Limited held at No.l Bent Street, Sydney on Friday, 1st April, 1960. Present: Minutes: Manager's Report: Messrs. C.H.Broadhurst, A.R.Johnston and H,R.Brennan. The Minutes of the Meeting of Directors held on 1st March were confirmed and signed. The Manager's Report for 4 W.E. 15.3.60 was tabled. Production & Sales. The following figures are shown in the Manager's Report 15th March 16th Feb. Production Sales Stock S/tons * 1158 619 2324 994 920 1791 Cost and Profit. The estimated cost to produce and sell fibre for the 4 W.E. 15.3.60 was 80.27 per short ton and the estimated profit was 22,983 and the to date profit for the half* year is 59,772. These figures areafter writing off 6000 for obsolete stores. Finance: The following sets out the cash position:15th March ? 16th Feb Opening Balance 37336 27530 Expenditure 104927 109500 Receipts other than \ fibre 33277 29719 Closing Balance 27534 37336 Received from C.S.R. 61848 89587 Loan to It was resolved that the agreement from the Tsakalos & Co: Commonwealth Trading Bank covering the loan of 15,000 to finance purchase of a new Mack Truck be signed and sealed with the Company's seal and Mr.H.R.Brennan be authorised to countersign the agreement. Mineral It was resolved that Notices of Withdrawal of Claims: application for a Mining Tenement other than a j i Lease for the following Mineral Claims be signed and sealed with the Company's Seal and t Mr.H.R.Brennan be authorised to countersign the Notices. West Pilbarra Goldfields Application No.166 to No.190 inclusive. C 0945 CHAIRMAN AUSTRALIA:: SLITS ASBESTOS LIMITED Minutes of Meeting of Directors of Australian Blue Asbestos Ltd. held at No.l Bnt Street, Sydney, on Wednesday, 4th May, i960 at 9.30 a.m. Present: Minutes of Meeting: Manager's Report: Finance; U.A.S: Messrs. C.K.Broadhurst(Chairman) , A.R. Johnston and K.R.Brennan. ;he Minutes of the Meeting held on 1st April were confirmed and signed. The Manager's Report for 4 '7.2. 12.4.60 were tabled. Production & Sales. The following figures are"shown in the Manager's Report 12th Apr. 15th Apr. Production rales Stock S/tons " n 1104 1235 2177 1158 619 2324 Cost C Profit. The estimated cost to produce and sell fibre for the 4 ft.E. 12.4.60ves 39.24 per short ton and the estimated profit was *7,255 and the to date profit for the half year is *57,027. it was noted that the to date profit as at 15th March was overstated by 10,000 and this has been adjusted in the above figures. The following sets out the cash position:- 12th Aprl 15th Mar. Opening Balance Expenditure Receipts other than fibre Receipts from C.S.R. Co. Closing Balance 27534 150959 33902 120436 30913 37336 1C4927 33277 61848 27534 The following U.A.Expenditure forms were approved: No.305. Aircleaner for Ruston Engine.5900 Changehouse Extensions. Planovane Fans. *5850 750 Conveyor Belt Vulcaniser. 517 Atlas Stoper Rock Drills. Room air Condioners. Underground Power 800 500 Reticulation. No.306. Fuel Line Pt.Samson. No.307. Bulk Handling of fibre. No.303. Business Areas. No.309. Tailings Treatment Plant. No.310. Midget Dust Impinger. --ttoT3Il.'"Refrigerator &*Mincing Machine for Butchery. 26500 *7500 6500 700 3500 150 150 No.312, 20 Fire Extinguishers. 2350 No.299. Extn.Undergound Conveyor. 17000 No.7.Ore Pocket. 2050 AUSTRALIAN BLUE ASBESTOS LIMITED. Minutes of Meeting of Directors of Australian Blue Asbestos Ltd., was held at No.1 Bent Street, Sydney, On Mo'day, 3"th May, I960. Present: Minutes of Meeting: Hflrwr-r'fl Report: Messrs. C. H. Broadhurst (chairman) A. R. Johnston and H. R. Brennan. The Minutes of the Meeting h^eld on 4th May were confirmed and siroed. The Manager's Report for 4 M.Z.IO.5.6O was tabled. Producti-n & Sales. The following figures are shown in the Manager's Repart:- 10th May 12th. Apt. Production S/tons Sfeles n Stock " 967 1992 1150 1104 1235 2177 2 days Production were lost due to Easter Holiday. Coat & .Profit. The estimated cost to produce and sell fibre for the 4 W.E Xfi.560 was 97.19. per short ton and the estimated profit was 9,902 and the date profit for the half year is 66,929. It was agreed that this result was disappointing and Mr. Broadhurst advised that most of the factors contributing to this result were discussed during his visit to the mine recently. labour. A contributing factor to the low production is the shortage of labour and every means are being explored to 07-rooms this factor. Quality. The fibre quality has recently-received close consideration and steps have been taken to assure that only high srade fibre is shirped overseas. The following sets out the cash position**- 10th Mav 12th Ha* Anr Opening Balance Expenditure Receipts other than fibre Receipts from C.S.R. Co. Closing Balance Balance at C.S.R. 30913 119715 30029 76827 18154 126524 61848 150959 33902 120436 30913 Approved, CHAIRMAN. IF . __ Minutes of Meeting of directors of Australian Blue Asbestos Led. held ac ho.i Sent Street, Sydney, on Thursday, TCth June,l?oC. Present Minutes of Meeting: Manager's Report: Finance: Production Sales .1 Stock: U.A.E: C 0948 Messrs, T.[! .Eroadhurs c , .-v..a.Johnston and i;. Erennan. The Mir.utes of the Meecing held on 3Cth May vero confirmed and signed. The Manager's Aeoorc for 4 ,,.E. 7.6.60 was tabled. Cost and Profit. The estimated cost to produce and sell fibre for the 4 ...S. 7.6.60 was C.i7.03 per short ten and the estimaced profit was OLC,437. and "he to date profit for the half year since 1st Januarv,1 ;6C, Is 379,361. Labour. The position has eased as a result of arrangements made v.-itn the Immigration oept. who gave permission for us to recruit labour on migrant ships in Torch. The following sets out the cash position:- 7th June 10th May Openigg Balance Expenditure Receipts other than fibre Rece-pts from Co. Closing Balance Balance at T.T.A. 13154 114367 34327 3513C 23244 130259 30913 119715 3C029 76327 13154 126524 It was noted that the following is the position with stocks and undelivered orders at 7th June, 1960:- This Period 4 leeks To hate 24 V.eeks Stock 10th May,1960 Produced Sales Stock 7th June, 1960 To be supplied J.Manville Eternit Jas.Hardie Wunderlich Ltd. Sundry 1150 1197 2347 912 143$ 2 W. E. 30.6.60 456 316 575 ____ 8 1355 2043 6356 3399 6964 143'5' 23 W.E. 31.12.60 2736 350 3535 99 __ 74 6344 The following 0,z.xpenditure was approved: Form ho.313. 2 Asb.Tpray Machines. J1400 "or..: o.3I4. Sack k'.akiiTj Equip. -.2929. .`he contract for the hire of a diamond drill cetv.een "he company and Minister tor Mines was signed and sealed v/ith the Company's seal and ''r,H.Erennan v/as authorised to sign the agreement as Secretary and Mr.T.Saunders v.as authorised to witness the document. Approved: CHAIRMAN ifrfU t C 0949 i i AUS frtALIAj BLUE B :c- limited Minutes of Meeting of Directors of Australian Blue Asbestos Ltd. held at No.l Bent Street, Sydney, on Friday, 5th August, I960. Present: Minutes of Meeting:' ~~ Manager's Report: : 0950 Messrs. C.H.Broadhurst, A.C.Higgs, A.R.Johnston and H.R.Brennan. The Minutes of the Meeting held on 30th June, 1960, were confirmed and signed. The Manager's Report for 4 W.E. 5th July was tabled. Cost 8, Profit. The estimated cost to produce and sell fibre for the 2 W.E. 21st June, 1960, was 94.24 pounds per short ton and for the 2 W.E. 5th July was 94.70 pounds per short ton. Accounts. The accounts for the half year ended 30th June were presented to the Meeting. The profit for the half year was 79,521 and for the half year ended 31st December, 172,099, making a profit for the year ended 30th June, 1960, 251,620 compared with a profit of 201,774 for the previous year. During the half year, production was approximately 1000 tons below schedule due to unusual rainfall, shortage of experienced underground workers and more stringent quality control. Mining and milling statistics were substantially the same as for the previous six months except for - a. Sq.Yds. per miner shift due to replacement of experienced miners with new men. b. Total man shifts in mill due to sub standard fibre retreatment. c. KWH per ton of ore treated due to ore shortages. d. Apart from the effects of lower production costs were influenced by writing off of 31,000 of obsolete stores and 5,000 costs incurred in connection with establishing rights to additional mineral claim. Bad Debts. It was agreed that the following be written off as bad dds:- Retail Store Sundry R.Wilson R.Butler M.Matyas K.Kiss V.Petrovich G.Chandler J.Box 30.10. 0 26. 7. 7 3.16. 9 8.15. 6 1. 6. 9 5. 5. 0 38. 4. 6 Finance: I || i U.A,E: , * ' ' 1 Production Sales Stock': ,< i . i ' i h i i i i . The following sets out the cash position:- 5th July 7th June Opening Balance Expenditure Receipts other than fibre Receipts from C.S.R. Co. Closing Balance Balance at C.S.R. 23244 127895 43643 30128 19126 171838 18154 114367 34327 85130 23244 130259 The following U.A.Expenditure was approved:- No.315. No.316. No.317. Mo.318. No.319. No.320. No.321. No.322. 1 &.E.I. Sereeft.Motor. 950 Mine equipment. 23520 Mill equipment. 6735 Power House equipment. 14981 Township installations. 9350 Replacement of Crane Truck. 4150 Installation of Aspirating and Dust Collecting System for Tailings Treatment Plant . 4400 Cars. 6400 It was noted that the following is the position with stocks and undelivered orders on 5th July, I960:- This Period To Date 4 Weeks 2 Weeks Stock 7th June, 1960 Produced Sales Stock 5th July, 1960 1435 1107 254? 1300 1242 2043 7452 9495 3253 1242 To be suDolied: Johns-Manville Eternit Jas.Hardie Wunderlich Ltd. Sundry 3 M.c.30/9/60 24 W.E. 31/12/60 960 1034 1891 99 165 4149 1990 2034 3391 99 165 7679 Approved: CHAIRMAN C 0951 L  ...inutfci of of directors of f\u$zrolisn blue S C c 0 0 S *. 0 O ..;iO C.C .. 0 X iJ & O X .51X3 X , 3ydn s y on r3TiCiS*/ i'oc.i duly, rrg-s.>0 : .-.O', ^,... Droao;iur-O , .i.r. >.o ...or............. .,r9nnJt\. _ ou.'.oxon a-n : .-.oco^nc: ' .,roval .'.'as .jiven :or o.\y : ;o of ,..r. r i I'.Ou'ios, ...x . j_ . j,. oii6l 13rdoo.'i Ouci ,..x * .... rurry to soon cr.scj.133 on baiioii oi t:\6 ^o-.v. --nys ,.o. i nCcounx s.ig ior c,.g o-no .-.jxhorisacion ior..i to 103 si^iiuu ..;X. C./. brooohurst sS Ch*iru<in w\u , .r. .n.A. Jonnston as S--cret..ry. C 095 AUSTRALIAN BLUE ASBESTCS LIMITED Minutes of Meeting of Directors of Australian Blue Asbestos Ltd. held at No.l Bent Street, Sydney, on Friday, 19th August, 1960. Present: Minutes of Meeting: Manager's Report: Finance: Production Sales & Stock: Messrs. C.H.Broadhurst(chairman), A.R. Johnston and H.R.Brennan. The Minutes of the Meeting held on 5th August,1960, were confirmed and signed. The Manager's Report for 4 W.E. 22nd August was tabled and it was noted that:- Cost & Profit. The estimated cost to produce and sell fibre for the 4 W.E. 2nd August,1960, was 97662 pounds per short ton and for the 6 W.E. 2nd August was 96.99 pounds per short ton. Profit & Loss. The Profit for the 4 W.E. 2nd August,1960, was 1,691 and for the 6 Y/.E. 2nd .\ugust is 10,058. The following sets out the cash position:- 2nd August 5th July Opening Balance Expenditure Receipts other than fibre Receipts from C.S.R. Co. Closing Balance OD Balance at C.S.R. 190964 140649 44087 '64615 12821 167976 23244 127895 43643 80128 19126 171838 It was noted that the following is the position with stocks and undelivered orders as at 2nd August,I960: Shjt Tons This PeriocT T^Date 4 Weeks 32 Weeks Stock 5th July,1960 Produced Sales 1242 1054 2296 736 1560 2043 8507 10550 8990 1560 To be supplied: Johns-Manville Eternit Jas.Hardie Wunderlich Ltd. Hume Ind. Sundry 740 800 1548 99 100 25 3312 20 Weeks 31715766 1770 2000 3048 100 100 25 7042 Approved: CHAIRMAN doc* 74/4/6* Minutes of Meeting held at No.l Sent Street, Sydney, on Thursday 22nd September,196G. Present: Minutes of Meeting: Manager * s Report: Finance: Production Sales 3, Stock: Approved: CHAIRMAN Messrs. C.K.Broadhurst(Chairman), A.R. Johnston and H.R.Srennan. The Minutes of the Meeting held on 19th August ivere confirmed and signed. The Manager's Report for 4 ...E, 3Cth August was tabled and the following noted;- Cost C Profit. The estimated cost to produce and sell fibre for the 4 w.E. 3Cth August was 92.63 pounds per short ton and for the 10 W.E. 30th August was 96.59 pounas psr short ton. Profit 6 Loss. The profit for the 4 ,,.E. 30th August was 6,337 and for the 10 ...E. 30th August is 16,395. The following sets out the cash position:30th Aua. 2nd Aua. Opening Balance Expenditure Receipts other than fibre Receipts from C.S.R. Balance at C.S.R. Closing Balance 0.0. 155155 152133 37367 125861 105153 1726 190964 140649 44037 64615 167976 12321 The following is the position with stocks and undelivered orders as at 30th august, 1960: Short Tons This Period To Date 4 Weeks 36 Weeks Stock Produced Sales Stock 30th August 1560 1128 630 2058 2043 9635 TIS72 9620 2053 To be supplied: 4 W.E. 16 Weeks 557375b 31/12/60 Johns-Manville Eternit Jas.Hardie Wunderlich Hume Ind. Sundry 740 aoo 1041 99 100 36 2816 1170 2000 2541 99 100 36 6546 The position regarding outstanding shipments was discussed andthe Chairman stated that the position was being closely watched at the mine.and as a result of the programme for training miners it was anticipated production would nowincrease. . C 0955 AJSTn -.L.l Minutes of Meeting of directors held at Mo.l O'Connell Street, Sydney, at 11 aim. on Thursday, 6th October, 116C. Present: Minutes: Annual Accounts: Dividend: Directors Report: Annual General Meeting: Special Resolution Messrs, U .0.Crown(Chairman), M.G.King, A.C. Higgs, A..'..Johnston. In attendance: .ir.i-i.f.,Brennan. The Minutes of the last Directors meeting held on 22nd September, 1 96C, were approved and signed. The balance sheet and Profit and Loss Account for the year ended 3Cth June, 1960, together with the Auditors Report thereon v:ere tabled and the Balance Sheet was signed. The following resolution was passed: ''Resolved that a recommendation be made to the shareholders that the following dividends be paid to the holders of ordinary and deferred shares from the profits of the Company for the year ended 2Cth June,i960, viz (a) a dividend at the rate of 7be paid to the holders of ordinary shares calculated on the amount paid upon such shares as at 1st July, 1969. (b) A dividend at the rate of 22 per share be paid to the holders of deferred shares." The Directors report to the shareholders was tabled and approved. Resolved that the annual general meeting of shareholders be held at No.l O'Connell Street, Sydney, at 11.20 a.m. on Tuesday, oth November, I960, and that the Secretary notify shareholders accordingly. Resolved that notice be given to shareholders that the following resolution will be submitted to them at the Annual General Meeting as a Special Resolution: "1. That the word "Pty" be included in the name of the Company and inserted between the words "Asbestos* and "Limited" 2. That the Company be a proprietary company within the meaning of the Companies Act 1943-1959 3. That the following articles be inserted after the word "company" in Article 2 of the Articles of Association of the company:- '2 (a) The number of the members of the company (exclusive of persons who are in the employment of the company, and of persons who having been formerly in the employment of-the company, were while in such employment and have continued after !J A ; one determinesion of such employment to be members of the company) shall be limited to Fifty provided that for the purposes of this Article '.vnero two or more persons held one or more shares in che company jointly they snail be treated as a single member `2 (b) An invitation to the public to subscribe for any snares, debentures, stock or bcnas orthe company is hereby prohibited f2 (c) The receipt by the company of deposits, except from its members for fixed periods or payable at call whether bearing or not bearing interest, is hereby prohibited." Form >'.0.322 for additional seating for the Cinema at a cost of 24CC v.as approved. Approved: C 0956 L AUSTK.-^LIA; rvG5E:SyCS LIMITED Minutes of Meetir.j of Direcccrs held at i.o.l "ent Street, Sydney, on Thursday, loth December, l)6C. Present; i linutes: Land fransfer: Meetings: Messrs. C.ii , Broadhurs t (Chairman), -\.i\. Johnston ana [{.>..Brennan. fhe Minutes of the Meeting held on 6th October,17<:>o, were confirmed ana signed. It v.oS resolved that "fransfor" from lames .lo'/noljs ;iifforu .o the Company for Land at Cossack Lot 1-in, 176, eart lot I'Ll, Lots 1L2 and 123, 126, 162, 163, 164, 141 and 161 be sinned and i.ir.H,a.Brennan be authorised to countersign the transfer. It was also-resolved that Deed`of Conveyance between-James Keynolds Clifford Australian blue Asbestos Ltd. for lot 142 at Cossack be signed and sealed vith the Company's seal and Mr. i-i .=; .Brennan be authorised to countersign the deed. It was decided that, in future, meetings of directors would be held v.hen required and not at regular monthly intervals. CHAL1MAN AUSTRALIA-? QHF AFBPSTCS LIMITPD Minutes of Meeting of Directors held at tlo.l 3ont S-treot# Sydney on Thursday# 23th January# I960. Present; Minutesi Manaoor's Report! Finance: *peWlta 6 M.". 31/15/50: Leases: Prc^:;*J h rn /. ccc., rShrd w io Directors - Messrs. H.G*King(Chairman, A.R.Johnston and C.H. Broadhurst* In attendance - Mr.H.R.Brennan* signed and the Minutes of the Annual General Meeting, were confirmed and signed. The Manager's Report for 4 W.F.. 22nd December# 1959 was tabled* Production t Sales. The following figures as shown in tho Manager's Report were tabled:- 22nd doc. 24th Nov. Production S/tons Sales Stock 0 1224 593 2043 1224 356 1423 Cost > Profit/ Thoestimated cost to produce and sal l fibre for the 4 '.v.E* 22nd December# 1959 was 80*36 per short ton and the estimated profit was 12*746 and the profit for 26 weeks is estimated at 166*892* The following sets out the cash position:- 22nd Dec. 24th HoV Opening Balance Cr. tixpenditure Recoipts other than fibre Received from C.r.R. CO. Closing Balance rT. 13326 Cr. 23421 121232 161823 41630 36708 60063 115019 . 1208 Cr. 13326 The Accounts for the six months were tabled showing a profit for the period of 2172,099. It was reported that wo are still negotiating with the Government to accept our objection to the pegging of Leases next to the Mine and in the Ministerial Reserve area* An official plan v/as tablod from tho Minos Ppt. showing these areas as a Ministerial Reserve and this had been signed by tho Chief Draftsmen. All Residential, Water Rights and JUneral . Leases have been checked and found to bo in order and shov/n on tho Mines :ept. * Plan !:o.l04. / Leases (cont*d): 2 Application will bo made to covor spare gear area and the tailings dump which are now not included* , it was agreed that the Manager be instructed to peg total leases of % 13*ooo acres* i\ Approved) CHAIRMAN U-:d & copieudujytoKisses; .cha.'d F. $cruSQ3. AUSTRALIAN BLUB ASBESTOS LIMITED Minutes of Meeting of Directors held at No.l Bent Street, Sydney on Monday, 15th February, I960 at 2.30 p.m. Present: f . i * ! is* i r f *. Messrs.M.G .King(Chairman), C.H.Broadhurst and A.R.Johnston. Minutes: The Minutes of the Meeting of Directors held on 28th January, I960 were confirmed and signed. Manaoer*s Report: The Manager's Report for 4 W.E. 19.1.60 was tabled. Production & Sales. The following figures are shown in the Manager's Report:- 19th Jan. 22nd Dec. Production Sales Stock S/tons 979 1286 1721 1224 598 2043 Cost & Profit. The estimated cost to produce and sell fibre for the 4 W.E. 19.1.60 was 87.75 per short ton and the estimated profit was 28701 and this is the to date profit for the half year. Finance: The following sets out the cash position:- 19th Jen. 22nd Dec. Opening Balance Expenditure Receipts other than fibre Received from C.S.R. Co. Closing Balance 1208 Cr. 18326 129979 121282 34206 41680 124511 60068 27530 Cr. 12B8 Leases: It was reported that the application of A.B.A. and Hancock Prospecting Co. for claims adjacent to Wittenoom have not been granted but A.B.A. has been granted a right of occupancy for 6755 acres subject to their undertaking exploration work. U.A.E: The following U.A.Expenditure was approved:- Produced in tha Ashcs:us Farrcnd Ahrcrns Richard ' of * Extension of underground conveyor. No.7 Ore Pocket. Electric Reticulation No.6 & 7 Levels. 1000 KVA Transformer. LOng Hole Drilling Equipment. 40 Clothes Lockers. Cleaning Section. Du^ld^n9 over conveyors. Oil Blowers for Trommels. Drainage about mill buildings. Potato Room at Store. Vents in Bulk Store. Ledger Machine 17000 2050 8000 3000 1530 470 4300 2000 2000 3000 750 300 100 -2 - Cinema extensions. Timber yard extensions. 3 Diesel Buses Garage for Zephyr Car. Water Bores Approved: 1500 500 7000 68 1500 CHAIRMAN Predu^i ,v Asbtzfc* pV`:3 ^ Rha.'d 0, WC-,~ to --** AUSTRALIAN BLUE ASBESTOS LIMITED Minutes of Meeting of Directors of Australian Blue Asbestos Ltd. held at No.l Bent Street, Sydney on Tuesday, 1st MarchlAl.-.\ mi JsrM'-- Present: . "i III! -W - Messrs. - M.G.King (Chairman), C.H.Broadhurst and A.R.Johnston. In attendance: Mr.H.R.Brennan. Mineral Claims: It was resolved that Surrender of Lease forms for surrender of leases 26,28,36 and 37 in Dales Gorge for a Flora and Fauna Reserve be signed and sealed with the Company's seal and Mr.H.R.Brennan be authorised to countersign the forms. Gelooist: -- It was reported that Mr.Finucane had been engaged to do a geological survey in Ministerial Reserve areaf-ecently granted by the Minister. Manager's Report: The Manager's Report for 4 W.E. 16.2.60 was tabled. Production & Sales. The following figures are shown in the Manager's Report:- 16th Feb. 19th Jan. Produced In toe rnc-r^r of UjyAsbcca; tewiai Cass a---_J CCD.5U io ERichard Scruggs. Production Sales Stock S/tons " " 994 920 1791 979 1286 1721 Production has been affected by continuous heavy rain. Cost and Profit. The estimated cost to produce and sell fibre for the 4 W.E. 16.2.60 vas 93.45 per short ton and the estimated profit was 8088 and the to date profit for the half year is 36789. These figures are after writing off 6000 for obsolete stores. Finance: The following sets out the cash position:- 16th Feb. 19th Jan. Opening Balance Expenditure Receipts other than fibre Received from C.S.R. Co. Closing Balance 27530 109500. 29719 89587 37336 1208 129979 34206 124511 27530 U.A.E: The following U.A.Expenditure was approved:- No.296. Browett & Lindley Air Compressor. 2858 No.297. Ruston VLBX Alternator Set. 36000 v. No.298. Tailings Treatment Plant. 6000 Approved: CHAIRMAN AUSTRALIAN BLU? ASBESTOS LIMITED ^\/1/ . Minutes of Meeting of Directors of Australian Blue Asbestos Limited held at No.l Bent Street, Sydney on Friday, 1st April, 1960. Present: Messrs. C.H.Broadhurst, A.R.Johnston and H.R.Brennan. Minutes: The Minutes of the Meeting of Directors held on 1st March were confirmed and signed. Managers Report: The Manager's Report for 4 Vf.H. 15.3.60 was tabled. -Production & Sales. The following figures are shown in the Manager*s Report:- 15th March 16th Feb. Produced in the matter of A*TM*?, Cases; p**-*P"*"dJ r. void^c5gs-.p`cd 10 Production Sales Stock S/tons N 1158 619 2324 994 920 1791 Cost and Profit. The estimated cost to produce and sell fibre for the 4 W.E. 15.3.60 was 80.27 per short ton and the estimated profit was 22,983 and the to date profit for the half year is 59,772. These figures areafter writing off 6000 for obsolete stores. Finance: The following sets out the cash position:- 15th March ? 16th Feb. Opening Balance Expenditure Receipts other than fibre Closing Balance Received from C.S.R. 37336 104927 33277 27534 61848 27530 109500 29719 37336 39587 Loan to Tsakalos P, Co: It was resolved that the agreement from the Commonwealth Trading Bank covering the loan of 15,000 to finance purchase of a new Mack Truck be signed and sealed with the Company's seal and Mr.H.R.Brennan be authorised to countersign the agreement. Mineral ClaimsT It was resolved that Notices of Withdrawal of application for a Mining Tenement other than a Lease for the following Mineral Claims be signed and sealed with the Company's Seal and Mr.H.R.Brennan be authorised to countersign the Notices. West Pilbarra Goldfields Application No.166 to No.190 inclusive. Approved: iftiWMiitfiilifiiriiii CHAIRMAN AUSTRALIAN BLUE ASBESTOS LIMITED Minutes of Meeting of Directors of Australian Blue Asbestos Ltd. held at No.l Hint Street, Sydney, on Wednesday, 4th May, I960 at 9.30 a.m. Present; Messrs. C.H.Broadhurst(Chairman), A.R. Johnston and H.R.Brennan. Minutes of Meeting; The Minutes of the Meeting- held on 1st April were confirmed and signed. Managers The Managers Report for 4 W.E. 12.4.60 Report;------ --_ .were tabled. Production & Sale*s. The following figures are shown in the Manager's Report:- 12th Apr. 15th Aor. Prefaced in ti-3 rcritfcr ef *?* Wc* 3*3 ttg* to Production Sales Stock S/tons " * 1104 1235 2177 1158 619 2324 Cost & Profit. The estimated cost to produce and sell fibre for the 4 W.E. 12.4.60vas 89.24 per short ton and the estimated profit was 7,255 and the to date profit for the half year is 57,027. It was noted that the to date profit as at 15th March was overstated by 10,000 and this has been adjusted in the above figures. Finance: The following sets out the cash position:- 12th Aorl 15th Mar. Opening Balance Expenditure Receipts other than fibre Receipts from C.S.R. Co. Closing Balance 27534 150959 33902 120436 30913 37336 104927 33277 61848 27534 U.A.E: The following U.A.Expenditure forms were approved: ^ No.305. Aircleaner for Ruston Engine.900 Changehouse Extensions. 5850 Planovane Fans. 750 Conveyor Belt Vulcaniser. 517 Atlas Stoper Rock Drills. 800 Room Air Condioners. 500 Underground Power Reticulation. 6500 No.306. Fuel Line pt.Samson. 7500 No.307. Bulk Handling of fibre. 6500 No.303. Business Areas. 700 * No.309. Tailings Treatment Plant. 3500 No.310. Midget Dust Impinger. 150 No.311. Refrigerator % Mincing Machine for Butchery. j350 No.312. 20 Fire Extinguishers. 350 No.mg. 'xtn-iJnderaound Conveyor. 1700' Electric Reticulation. 8000 1000 KVA Transformer. 3000 No.300. Long Hole Drilling Equipment.1530 No.301. 40 Clothes Lockers. 470 ::c.3C2. Cleaning Section in Mill, 4300 No.303. BuildingOven Conveyors. 2000 Drainage about Mill Buildings. 3000 No*304. 3 DieselBuses. 7000 Store Rooms* Cinema extensions and water bores. 4718 Mr.C.H.Broadhurt informed the Meeting that he would be proceeding to Wittenoom on the 5th May for approximately one week and that representatives from James Hardie - Mr. Rhys Jones and their Perth Factory Superintendent* Mr.water, would also be in Wittenoom during that period. Approved: CHAIRMAN /:* p i:*o n:':r?r of i.i.Ji'f C&aCS* & ccp;sd to F. Scruggs. APsnutri* BUJg AgSESTOS. LIKim?. Minutes of Meeting of Directors of Australian Slue Asbestos ltd*, vts bald at 3o.l Bent Street, ^dnay. On Mo-day, 3Pfch May, I960. PPftWABtt Mirmtea ef Masting! ftnnngT'R Rapcnrti Eliasas* Messrs* C H. Broad.hurst (ehalraan) A. S. Johnston and B. B. Brennan* The Minutes of tha Meeting tytald on 4th May vert oonfiraed and algaad* Tha Hanaref's Bepart far 4 H*B* 10*5*60 vat tabled* Brodnatl-w & Sals*. The following figures are shown in ths Manager's Bapvtt* Production /toas hill 1 Stock * Itth-far 967 1992 1150 22hMe* 1104 1235 2177 2 days Production were lost dns to Saatar Holiday* Cot &.Profit;., The satla&ted oast to prodoea end sail fibre for the 4 V.E. IQ,5,60 was 297*19* p short tan and the estimated profit vat 9,902 and tha data profit for tha half year la 66,929* Zt vaa agreed that this resalt was disappointing and Mr* Broadhurst advised that noat of the factors contributing to this resalt vere discussed daring his visit to the Bins recently. Uhopg. 4 contributing factor to ths low production Is tha shortage ef labour and every aeans are being explored to or*rooa this footer. QiaHtr. The fibre quality has recently received close oensideretion and steps have boen taken to assore that only high grade fibre is Airped ov*reeas. The following eets out the cash position*-- 19th,HaT 12th_K At*. Opening Balance ftependitare Receipts other than fibre Receipts fros C.5.R. Co. Closing Balance relance at C*S.R* 3^3 119715 30029 76827 18154 126524 * 61848 150959 33902 120436 30913 Product in t;,s maEsr gf ^'jznmfsses; Rich&'j ** tcruggs. Approved, 2QAI&JA& i ft /Zy h AviJ AUSTRALIAN BLUE ASBESTOS LIMITED Minutes of Meeting of oiroctors of Australian Blue Asbestos Ltd. to bo held at No.l Dent Street, Sydney, on Thursday, 30th June,I960. Presents Minutes, f Meeting: Manager's Renort: Finance: Metffs. C.H.Broadhurst, A.R.Johnston and H.R,Brennan. The Minutes of the Meeting held on 30th May were confirmed and signed. The Manager's Report for 4 tt.F. 7.3.60 was tabled. Cost and Profit. The estimated cost to prodi and sell fibre for the 4 fc'.n. 7.6.60 was 37,03 per short ton and the estimated profi was 12,432 and the to date profit for the tyear since 1st January,I960, is 79,361. Labour. The position has oased as a result arrangements made with the Immigration Oopt. who gave permission for us to recruit labour on migrant ships in Perth. The following sets out the cash position:* Production f?eAsg.~i stock: In ths rctt-sr cf rr.ryr.2i t:ilr/ cases; *** 6 cc;:-d to Scruggs. 'J.A.T: Openigg Balance Expenditure Receipts other than fibre Receipts from C.r.J* Co* Closing Balance Balance at C.f.R. 18154 114367 34327 35130 22244 130259 3091: 119716 30029 76327 13154 126524 It was noted that tho following is the positi- with stocks and undelivered orders at 7th Jun< 1960:- - Ftock 10th May,1960 Produced Sales Stock 7th June, I960 To be supo^j*^ J.Manville Htemit Jas.Hardle Wunderlich Ltd. Sundry msL Period .4 iveoks 1150 1197 25S7 To weeks 2043 6356 3399 2 W.E. 30.6.60 456 316 575 ____3 1355 23 tt.S. 2736 350 3585 99 74 6044 The following a.Expenditure was approved: Form No.313. 2 Aob.rpray Machines. J1400 Contracts -2 - Form No.3X4. Sack Makig Equip. 2929, The contract for the hire of a diamond drill between the company and Minister for Mines was signed and soaied with the Company's seal and Mr.H.R.Brennan was authorised to sign the agreement as Secretary and Mr.T.Saunders was authorised to witness the document. Approved: CHAIRMAN Priced in the matter of Ascrcias Foreonat injury Cases; L:-:d a copied to t'sucss. AUSTRALIAN BLUE ASBSSTOS_J,TD. / f L*-' Minutes of Meeting of Directors of Australian Blue Asbestos Ltd. held at No. 1 Bent Street, Sydney, on Friday, 15th July, 1960. Presentt Mr. C.H. Broadhurst, Mr. A.R. Johnston and Mr. H.R. Brennan. Approval was given for any two of Mr. P.C Thomas, Mr, L.E. Shepherdson and Mr. a.H. Parry to sign cheques on.behalf of the Companys No. 1 Account and for the Bank Authorisation form to be signed by Mr. C.H. Broadhurst as Chairman and Mr. A.R. Johnston as Secretary. Produced ir> th9 matter of Asbestos Personal :hv Cases; AUSTRALIAN BLUE ASBESTOS LIMITED Minutes of Meeting of Directors of Australian Blue Asbestos Ltd. held at No.l Bent Streets Sydney, bn Friday, 5th August, I960, Present: Minutes of Meeting: Manager's Report: Procured In the matter of Asbestos Personal hrjry ( Abrcms Lead & copied to Richard F. Scruggs! Messrs. C.H.Broadhurst, A.C.Higgs, A.R.Johnston and H.R.Brennan. The Minutes of the Meeting held on 30th June* I960* were confirmed and signed. The Manager's Report for 4 W.E. 5th July was tabled. Cost & Profit. The estimated cost to produce and sell fibre for the 2 W.E. 21st June* I960* was 94*24 pounds per short ton and for the 2 W.E. 5th July was 94*70 pounds per short ton. Accounts. The accounts, for the half year ended 30th June were presented to the Meeting* The profit for the half year was 79*521 and for the half year ended 3l$t December* 172*099* making a profit for the year ended 30th June* I960* 251*620 compared with a profit of 201*774 for the: previous year. During the half year* production was approximately 1000 tons below schedule due to unusual rainfall* shortage of experienced underground- workers and more stringent quality control. Mining-and milling statistics...were substantially the same as for the previous six months except for - a. Sq.Yds. per miner shift due to replacement of experienced miners with new men. b. Total man shifts in mill due to sub standard fibre retreatment. c. KWH per ton of ore treated due to ore shortages. d. Apart from the effects of lower: production costs were influenced by writing off of 31*000 of obsolete stores and 5*000 costs incurred in connection with establishing rights to additional mineral claim. Bad Debts. It was agreed that the following be written off as bad defcis:- Retail Store Sundry R.Wilson R.Butler M.Matyas K.Kiss V.Petrovich G.Chandler J.Box 30.10. 0 ! 26. 7. 7 i 3.16. 9 ; 8.15. 6 1. 6. 9 5. 5. 0 , 38. 4. 6 Finance: ,.-r L> U.A.Es Production Sales" 3 4L. - The following sets out the ca6h position: 5th July 7th Ji Opening Balance Expenditure Receipts other than fibre Receipts from C.S.R. Co. Closing Balance Balance at C.S.R. 23244 127895 43643 80128 19126 171838 1811 11436 3432 8513< 232413025< The following U.A.Expenditure was approved:* No.315, . 1 A.E.I. JKctem. 95C No.316. Mine equipment. * 23520 No.317. Mill equipment. 6735 No.318. Power House equipment. 14981 No.319. Township installations. 9350 No.320. Replacement of Crane Truck. 4150 No.321. .Installation of Aspirating and Dust Collecting System >3 for Tailings Treatment Plant* 4400 No.322. Cars. 6400 It was noted that the following is the position with 6tocks and undelivered orders on 5th July, 1960:- This Period To Date -4 Weeks 28 Weeks Stock 7th:June, 1960 Produced Sales ..iir.tr Stock 5th July, 1960 .*< V ' To be suppliedt 1435 1107 2531 1300 1242 2043 7452 9495 8253 1242 3 M.E.30/9/60 24 W.E. 305750 Johns-Manville Eternit Jas.Hardie Wunderlich Ltd. Sundry `.960 1034 1891 99 4149 1990 2034 3391 99 165 7679 Approved: CHAIRMAN Produced in fos me.;;-* o. Asbestos Personal li'-.v Cooes; Abrams Ls;d cc.eiiu'to Richard R Minutes of Meeting of Directors of Australian Blue Asbestos Ltd. held at No.l Bent Street, Sydney, on Friday, 19th August, 1960. Present? Messrs. C.H.Broadhurst(chairman), A.R. Johnston and H.H.Brennan. This Minutes of the Meeting held on 5th August,1960, were confirmed and signed. The Manager^ Report for 4 W.E. 22nd August was tabled and it was noted thatj- Cost & Profit. The estimated cost to proouce and sell fibre for the 4 w.E. 2nd August,1960, was 97662 pounds per short ton and for the 6 W.E. 2nd August was 96.99 pounds per short ton. Profit K Loss. The Profit for the 4 W.E. 2nd August,I960, was 1,691 and for the 6 W.E. 2nd August is 10,068. The following sets out the cash positions* 2nd August 5th July Opening Balance Expenditure Receipts other than fibre Receipts from C.S.R. Co. Closing Balance OD Balance at C.S.R. 190964 140649 44087 64615 12821 167976 23244 127895 43643 80128 19126 171838 Iit was noocteeda tmhat tmhe ftonlloowwing is the position with stocks and undelivered orders as at 2nd mgust,1960* Shyt Tons This Period To Pate 4 weeks 32 Weeks AUSTRALIA?! RI.UE ASBESTCS LIMITED Minutes of Meeting of Directors held at No.l O'Connell Street, Sydney, at 11 aim, on Thursday, 6th October, i960. Present; Messrs. K.0.Brown(Chairman), M.G.King, A.C. Higgs, A.R.Johnston. In attendance: Mr.H.R.Brennan. Minutes; The Minutes of the last Directors meeting held on 22nd September,1960, were approved and signed. Annual Accounts; The balance sheet and Profit and Loss Account for the year ended 30th June, I960, together with the Auditors Report thereon were tabled and the Balance Sheet was signed. Dividend; The following resolution was passed: "Resolved that a recommendation be made to the shareholders that the following dividends be paid to the holders of ordinary and deferred shares from the profits of the Company for the year ended 30th June,1960, viz (a) A dividend at the rate of 7% be paid to the holders of ordinary shares calculated on the amount paid upon such shares as at 1st July, 1959. (b) A dividend at the rate of 2 per share be paid to the holders of deferred shares." Directors Report: The Directors report to the shareholders was tqbled and a pproved. Annual General fleeting: Resolved that the annual general meeting of shareholders be held at No.l O'Connell Street, Sydney, at 11.30 a.m. on Tuesday, 8th November, I960, and that the Secretary notify shareholders accordingly. Special Resolution; Resolved that notice be given to shareholders that the following resolution will be submitted to them at the Annual General Meeting as a Special Resolution: "1. 2. ii::; nnSsr of : Ccms; - ccp;3d to -s w* That the word "Pty" be included in the name of the Company and inserted between the words "Asbestos* and "Limited" That the Company be a proprietary company within the meaning of the Companies Act 1943-1959 That the following articles be inserted after the word "company" in Article 2 of the Articles of Association of the company:- 2 (a) The number of the members of the company (exclusive of persons who are in the employment of the company, and of persons who having been formerly in the employment of the company, were while in such employment and have continued after -2- the determination of such employment to members of the company) shall be iimitec Fifty provided that for the purposes of Article where two or more persons held c or more shares in the company jointly tt shall be treated as a single member *2 (b) An invitation to the publie to subsc for any shares * debentures* stoek or bor ofthe company is hereby prohibited 2 (c) The receipt by the company of deposi except from.its members for fixed period payable at call whether bearing or not bearing interest* is hereby prohibited." Form No*323 for additional seating for the Cinema at a cost of 400 was approved* Approved! CHAIRMAN Produced in the mr-trer cf Asbestos Persons! Cases; Abrams Usd u ccpisd to Richard F. Scruggs! AUSTRALIAN BLUH ASBESTCS LIMITED Minutes of Meeting of Directors held at No.l Bent Street, Sydney, on Thursday, 15th December, 1960. Present: Messrs. C.H.Broadhurst (Chairman), A.R. Johnston and H.R.Brennan. Minutes: The Minutes of the Meeting held on 6th October,I960, were confirmed and signed. lQd Transfer: \ |i \ IV'i It was resolved that "transfer* from James Reynolds Clifford to the Company for Land at Cossack Lot 145, 176, Part lot 121, Lots 122 and 123, 125, 152, 153, 154, 141 and 151 be signed and Mr.H.R.Brennan be authorised to countersign the transfer. It was also resolved that Deed of Conveyance between James Reynolds Clifford & Australian Blue Asbestos Ltd. for lot 142 at Cossack be signed and sealed with the Company's seal and Mr.H.R.Brennan be authorised to counteragn the deed. Mee"inos: It was decided that, in future, meetings of directors would be held when required and not at regular monthly intervals. h< >r I'/' r.* ' mater of fa- R'tef fi 45410 CHAIRMAN vJaTH.'.LL- -LB a (.socsYwS .-VY. LI.ilTu^ ..linutes of i.ieeting of uireccors r.c-io at Wo. 1 u'Conneii Street, Sydney on 4th January, <^961J) . at 3 jv *n present; share Certificates: Seal: Messrs. .-1.^. Brown ^Chairman) Bing, C.H. Broacihurst u.ia i-i..;. Brennan. In attendance: ...r. ii. breanspear. ic '.('as rosclvoo cnat One ufitfixiou anu Brciir.ary 5i.aiouolu.rs Be invitee co foruaio ci'.wir snore certificates for renewal in ter..\3 jx the new articles of association. ...r, brennan was autnorised to , urcr.ase a new seal for one Company in the na..ie or /vustralian oiue asbestos fty, Lieuteo. I C 0958 / ji AUSTRALIA!! BLUE -wSccSTGS PTY.LTD. Minutes of Meeting of Directors held on Friday. 17th February,1561. Present: Minutes of Meeting: Accounts: fiioe Line: Messrs. C.A.Lroadiiursc(Chairman), Johnston and H.R.Brennan. The Minutes of the Meeting of Directors held on 15th December,I960, were confirmed and signed. The Audited Accounts for the Half Year Ended 31st December,1960, were cabled and the Balance Sheet signed. The Accounts show a profit for the 12 M.E. 31st December,i960, of -385,735.11.3. The Licence to Construct or Install and Use a Pipe Line on a Jetty was signed and sealed with the Company's Seal and Mr.H.R. Brennan was authorised to countersign the Licence. Approved l / L . CHAIRMAN AUSTRALIAN BLUE nSBESTOS PTY.LTu. Minutes of Meeting of Directors held at No* Bent Street, Sydney, on Wednesday, 8th November, 1961. Present: Messrs. M.G. King (Chairman), A.R. Johnston and H.R. Brennan. Minutes of Meeting: The Minutes of the previous meeting of Directors held on 17th February, 1961, were confirmed and signed. Directors Report & Annual Accounts: The Balance Sheet and Profit & Loss account for the year ended 30th June, 1961, together with the Auditors Report were tabled and the Balance Sheet and Directors Report were signed. Certificates: It was resolved that the following share certificates in the name of Australian Blue Asbestos Ltd. be cancelled: C 0960 No. 18 ii 25 28 n 31 u 32 ,, n 39 40 * 41 10170 5 9800 5 5 5 5 5 The C.S. R. Co. Ltd. Mr. K.O. Brown The C.S. ft. Co. Ltd. nN HN Mr. M.G. King Mr. C.H. Broadhurst to. A.R. Johnston to. A.C. Higgs Ordinary Shares No. 13 20000 H 14 40000 H ft 15 16 20000 50000 II ft II 17 50000 20 50000 22 100000 II ft 26 27 50000 50000 II 29 50000 II ft 30 50000 33 EOOOQO II 34 50000 ft 35 100000 U 36 200000 M 37 50000 N ft 38 200000 23 42500 The C.S. ft. uo Ltd. M II it it N n ft II H n ft II It * ft II H ft * ft m II ft it ft n H ii ft K II it ft ii w it h ii N ft It M II It it ft r ft u ft H ft * (paid to 5/ West.Aust.Blue Asb.Fibres " 24 7500 Lionel Chrysotile Asb. Ltd. Total _2.20Q.QQQ It was resolved that new share certificates be issued in the name of Australian Blue Asbestos Pty. Limited as follows:- No. 42 H 43 h 44 it 45 h 46 H 47 h 48 Total 1 1 1 1 1 1999995 200,000 2'200i000 to. K.O. Brown to. M.G. King Mr# C.H. Broadhurst to. A.C. Higgs to. A.R. Johnston The C.S.ft. Co. Ltd. it " * (paid to 5/-) It was further resolved that these be plication .Amend: signed and sealed with the company seal and Mr.H.A.Brennan be authorised to countesign the certificates. It was resolved that the following applications to amend be signed and sealed with the company seal and Mr. H.R.Brennan be authorised to countersign the amendments: Application to Amend Register of 'Water Rights Nos.22 ,23,24,25.26,27 and 28. Application to Amend Register of Residence Areas Nos.200,201,202,203, Business Areas Nos.206,208,212,214, 215,218. Garden Areas Nos.17,18,19 and 20. Application to Amend Register of Mineral Claim Nos.13,14,15,16,17,18, 19,20,21,22,23,24,25,27,29,30,31,32, 33,34,35,38,39,40,41,42,43,44,45,46, 47,48,50,51,52,53,54,55,56,57,58,59, 60,61,62,63,64,65,66,107,108,1(9, 110,111,201,202,203,204,205,206,207, 208,209,210,211,212,213,214,215,216, 217,218,219,220,221,222,223,224,225. Application to Amend Register of Residential Leases Nos.1,3,4,5,6,7, Miners Homstead Leases Nos.3 and 4 Tailings Lease No.l All the above applications are to register the altered company name to Australian Blue Asbestos Pty.Ltd. i / /f \ CHAIRMAN Ui C- U96 1 . r: - US-'-'- .--X Hto amt. ASBESTOS PTY. LIMITED Minutes of Meeting of Directors held at No. 1 O'Connell Street, Syciney on 4th January, 1961 at 3 p.m. Presents Certificates Messrs. X.O. Brown (Chairman) M.G. King, C.H. Broadhurst and H.R. Brennan. In Attendances Mr. H* Breakspear. It was resolved that the Deferred and Ordinary Shareholders be invited to forward their share certificates for renewal in terms of the New Articles of Association* Mr* Brennan was authorised to purchase a new seal for the Company in the name of Australian Blue* Asbestos Pty* Limited. CHAIRMAN. ^ * U4. u . ~*`Dr d i.ii'ry Ctsos; u ccpvid to AUSTRALIAN BLUE ASBF.STCS PTY.LTD. Minutes of Meeting of Directors held on Pridav.~17th February.1961. Present; Minutes of Meeting; Accounts: Eipe Line: Messrs. C.H.Broadhurst(Chairman), A.R. Johnston and H.R.Brennan. The Minutes of the Meeting of Directors held, on 15th December ,1960, were confirmed and signed. The Audited Accounts for the Half Year Ended 31st December,1960, were tabled and the Balance Sheet signed. The Accounts show a profit for the 12 M.E. 31st December1960, of 85,785.11.3. The Licence to Construct or Install and Use a Pipe Line on a Jetty was signed and sealed with the Company's Seal and Mr.H.R. Brennan was authorised to countersign the Licence. Approved CHAIRMAN 4 > AUSTRALIAN BLUE ASBESTOS PTY.LTD. Minutes of Meeting of Directors held at No.l Bent .Street* Sydney,.on Wednesday 8th November, 1961. Present: Minutes of Meeting; Directors Report & Annual MQU: Share Certificates: r.^arsf of :yxv.\ injury Cases; j a ccpisd to ;.*usss* Messrs. M.G.King (Chairman)* A.R.Johnston and H.R.Brennan. The Binutes of the previous meeting of Directors held on 17th February* 1961, were confirmed and signed* The Balance Sheet and Profit & Loss account for the year ended 3th June* 1961* together with the Auditors Repor were tabled-and the Balance sheet and Directors Report were signed* It was resolved that the following sha certificates in the-name of Australian Blue Asbestos Ltd* be cancelled:' 'erred Shares 1517(5. Th('C*S#R* Co.Ltd. Mr.K.O.BrownTbe C*S*R Co.Ltd. m *m Mr.M.G .King C.H.Broadhurst A.R.Johnston A.C.Higgs Ordinary Shares No,.1134.. 15. 16. 20000. 40000. 20000. 50000. n 17. 50000. 20. 50000* 22. 100000. 26. 50000. 27. 50000. M 29. 50000. 30. 1000000. 34 . 50000. 35. 100000. Thm e C.S.R. Co.Ltd. m tin m * m m n mu " 36. 200000. " 37* 50000. m .* paid t 38. 200000. n n 5A 23. 42500* West.Aust.Blue Asb.Flbr 24. 7500. Lionel Chrysotile Asb.L Total 2.200.000 It was resolved that new share certificates be issued in the name of Australian Blue Asbestos Pty.Limited as follows; No.42. 1. Mr .K.O. Brown * 43. 1. Mr.M.G.King 44. 1. Mr.C.H.Broadhurst 45. 1. Mr.A.C.Higgs 46. 1. Mr.A.R.Johnston 47.1999995. The C.S.R. Co.Ltd* 48.200.000 Totirsmf* n to 5/-) It was further resolved that these be -2 - signed and sealed with the company seal and Mr.H.R.Brennan be authorise to countemgn the certificates. Application To Amend; It was resolved that the following applications to amend be signed and sealed with the company seal and Mr. H.R.Brennan be authorised to countersign the amendments: Application to Amend Register of Wat Rights Nos.22,23,24,25,26,27 and 28. ------- --_ _ Application to Amend Register of Residence Areas Nos.200,201,202,203, Business Areas Nos.206,208,212,214, 215,218. -Garden Areas Nos.17,18,19 and 20. Application to Amend Register of Mineral Claim Nos.13.14,15*16,17,18, 19,20,21,22,23.24,25,27,29,30,31,32, --------^--33,34,35,38,39,40,41,42 ,43*44,45,46, 47,48,50,51,52,53,54,55 ,56 ,37,58,59. 60,61,62,63,64,65,66,107,108,1(8, 110,111,201,202,203,204,205,206,207, 208,209,210,211,212,213,214,215,216, 217,218,219,220,221,222,223,224,225. Application to Amend Register of Residential Leases Nos.1,3,4,5,6,7, Miners Homstead Leases Nos.3 and 4 Tailings Lease No.l All the above applications are to register the altered company name tc Australian Blue Asbestos Pty.Ltd. CHAIRMAN AUSTRALIAN BLUE ASBESTOS PTY. LTD. Minutes of Meeting of Directors of Australian Blue Asbestos Pty. Ltd., held at No. 1 Bent Street, Sydney, on Friday, 12th January, 1962, at 4.30 p.nu Present; Directors: Messrs. M.G. King, C.H. Broadhurst and A.R. Johnston. in attendance; Mr. H.R. Brennan (Acting Secretary). Minutes: The Minutes of the Meeting of Directors held on 8th November, 1961, were approved and signed. Leases.: Resolved that the following applications to amend the Register of Residential Leases to the name of Australian Blue Asbestos Pty. Limited be signed and sealed with the Companys seal and Mr. H.R. Brennan be authorised to countersign the leases. Leases Nos. 1,3,4,5,6,7 Homestead Leases Nos. 3, 4 and Tailings Lease No. 1 Residence Areas Nos. 206, 208, 212, 214, 215, 218. Garden Areas 17/20 inclusive Mineral Claims 13 to 25 inclusive 27, 29 to 35 incl. 38 to 47 incl. 49 to 66 inclusive 107 to 111 inclusive 201 to 225 incl. and 274 to 288 inclusive. Water Rights Nos. 22 to 28 inclusive. It was noted the previous applications had not been accepted as the word Limited was abbreviated. Auditors: The Auditors account for 601. 3. 6 for the half year ended 30th June, 1961 was approved for payment and confirmation at the next annual general meeting. A true record. Chairman AUSTRALIAN BLUE ASBESTOS PTY.LTD. Minutes of Meeting of Directors held at No. 1 Bent Street, Sydney at IC.a.m. on 31st July, 1962. Present; Mr. M. G. King. Mr. C. H. Broadhurst. Mr. A. R. Johnston. Secretary: Resolved that Mr. John Stuart Motley be and is hereby appointed Secretary to the Company in succession to Mr. W. M. Beith whose resignation was accepted with regret. Land Transfer. Land Transfer of Wittenoom Gorge Lot 360 Certificate of Title Volume 1229 Folio 991 from B.. O'Neill to Australian Blue Asbestos Ltd. was signed and sealed with the Company's seal and Mr.H.R.Brennan was authorised to countersign the Transfer. CHAIRMAN 7 / Minutes of Meeting of Directors held at No. 1 O'Connell Street, Sydney on 23rd August, 1962. Present: Public Officer: Bank Guarantee: Directors: Messrs. K.O. Brown (Chairman) M.G. King, ,h.h. Johnston and C.H. Broadhurst. The Notice of Appointment of Public Officer for Pay Roll Tax nssessment Act and Sales Tax Assessment Act were signed and sealed with the Companys seal and Mr. H.A. Brennan was authorised to countersign the Notices. A Bank Guarantee for J.D. Tsakalos Pty. Ltd. with the Commonwealth Trading Bank of Aust. for the sum of 11,000 was signed and sealed with the Companys seal and Mr. H.R. Brennan was authorised to countersign the Guarantee. This Guarantee is in Addition to but not in substitution for Guarantee dated 19th September, 1561 for 12,800. CHAIRMAN C 0964 AUSTRALIAN BLUE ASBESTOS PTY.LTD. s of Meeting of Directors held on 31st August, 1962 at No.l Bent St.,Sydney. Present: Messrs. King, Broadhurst and Johnston. It was agreed that 5,000 of the disclosed loss on construction of Housing Commission homes in Wittenoom be written off in the accounts for 6 M.E. 30.6.62 and that the balance be held in Suspense. It was also agreed that the cost of the forming table be capitalised and depreciated at the same rate as for other mine plant and equipment. CHAIRMW StRAl-_iUS A 5 3c ST io PTY. LTD. Minutes of Meeting of Directors held at Wo.l Sent Street, Sydney on Tuesday, 9th October, 1962 at 12.Id a.m. Present: Minutes; Housing Commission Agreement; Messrs. .Y..G. King (Chairman), C.Ii.Broaahurst and H.ft.Brennan.and A.ft.Johnston. The Minutes of previous meetings were confirmed and signed. It was resolved that the Housing Commission Agreement with A.B.A. Pty.Lta. be signed and scaled with the Company's seal and Mr. H.A.Brennan be authorised to countersign the agreement. The Agreement which is for a period of two years is as previously signed except that the rents have been increased from 23.0.0 to 23.5.0 on 150 homes and from 23.15.0 to 24.0.0 on the plaster houses. 0966 Minutes of Meting of directors held on Thursday, 25th October, 196- at 9-30 a.m. Present;; Minutes of Meeting: Directors Report & Annual Account .s: Monthly Accounts: jassrs. K.O.Brown (Chairman), M.G.King, a.C.Higgs and A.R.Johnston. In attendance: Mr.H.R.Brennan. The Minutes of the Directors Meeting held on 9th October were confirmed and signed. The Balance Sheet and Profit 8. Loss Account for the Y.E. 30th June, 1962, together with the Directors Report were approved and signed. The Manager's Report and Profit & Loss Account for September were tabled. The accounts for 4 W.E. 26th September, 1962, show a loss of 10,735 compared to a budget profit of 17,947. The reasons for the loss are: (a) Fall in Fibre Value. (b) Fall in Production Target by 281 tons. (c) Very high Mill Maintenance costs. (d) Cost of retreating Fibre. (e) Fall in Mill Yield. The Chairman reported that a large scale fall had occurred in the mine during the last few days and six men were injured. The extent of the damage was not yet known. L^ic.o- L. ( CHAIRMAN AUSTRALIAN BLUE ASBESTOS PTY. LTn Minutes of Meeting of^Directors of Australian filue Asbestos Pty Ltd*, held at No* 1 Bent Street* Sydney* on Friday* 12th January* 1962, at 4*30 pm* Presents pixectora: Messrs* M*G. King* C.H. Broadhurst and A.R* Johnston. In attendancet Mr. H.R. Brennan (Acting Secretary). Minutes : The Minutes of the Meeting of Directors held on 8th Wovanfaif. ioai. ^ and signed. Leases* Resolved that the following applications to amend the Register of Residential Leases to the name of Australian Blue 3bbestos pty* Limited be-signed and sealed with the Gompanys seal and Mr* *H.R. Brennan be authorised to countersign the leases* Leases Nos* 1,3*4,5,6,7 Homestead Leases Nos. 3* 4 and Tailings Lease No. 1 Residence Areas Nos. 206, 208, 212, 214, 215, 218* Garden Areas 17/20 inclusive Mineral Claims 13 to 25 Inclusive 27, 29 to 35 incl* 38 to 47 inel. 49 to 66 Inclusive 102 to ill inclusive 201 to 225 inel* and 274 to 288 inclusive* Water Rights Nos* 22 to 28 inclusive* It was noted the previous applications had not been accepted as the word Limited was abbreviated. Auditors; The Auditors account for 601* 3. 6 for the half year ended 30th June, 1961 was approved for payment and confirmation at the next annual general meeting. A true record* Ciairraaru Produced in tha r*- * ccpcdV k. AUSTRALIAN BLUE ASBESTOS PTY.LTD. Minutes of Meeting of Directors held at No, 1 Bent Street, Sydney at lO.a.m. on 31st July, 1962. Present; Mr. M. G. King. Mr. C. H. Broadhurst. Mr. A. R. Johnston. Secretary; Resolved that Mr. John Stuart Notley be and is hereby appointed Secretary to the Company in succession to Mr. tt. M. Beith whose resignation was accepted with regret. Transfer. Land Transfer of Wittenoom Gorge Lot 360 Certificate of Title Volume 1229 Folio 991 from B.S. O'Neill to Australian Blue Asbestos Ltd. was signed and sealed with the Company's seal and Mr.H.R.Brennan was authorised to countersign the Transfer. CHAIRMAN RM8*F.iw * AUSTRALIAN BLUE A53SSTCS PTY. LTD. Minutes of Meeting of Directors held at No. X O'Connell Street, Sydney on 23rd August, 1962. Present Public Officer: Bank Guarantee: Directors: Messrs. K.O. Brown (Chairman) M.G. King, A.R. Johnston and C.H. Brosdhurst The Notice of Appointment of Public Officer for Pay Roll Tax Assessment Act and Sales Tax Assessment Act were signed and sealed with the Companys seal and Mr. H.R. Brennan was authorised to countersign the Notices. A Bank Guarantee for J.D. Tsakalos Pty. Ltd. with the Commonwealth Trading Bank of Aust. for the sum of 11,000 was signed and sealed with the Companys seal and Mr. H.R. Brennan was authorised to countersign the Guarantee. This Guarantee is in Addition to but not in substitution for Guarantee dated 19th September, 1961 for 12,800. CHAIRMAN. P.fdt/c*-; ... P. r.12 lr. . "/chad p't' v WIMiIMf 9W5 ASBSSTO PTY.OTMinutes Meeting of Directors held on 31st August, 1962 at No.l Bent St.fSydney. Present: tfruslnfl: Messrs. King* Broadhurst and Johnston. It was agreed that 5,000 of the disclosed loss on construction of Housing Commission homes in wittenoom be written off in the accounts for 6 H.E. 30.6*62 and that the balance be held in Suspense. It was also agreed that the cost of the forming table be capitalised and depreciated at the same rate as for other mine plant and equipment. CHAIRMAN Produced in tfts mottsr o- Fcr:nsi f - i^isru: ler C. ... R.jiiui.1 r. w: i'CjJ. ~ aiiyiHALIAN BLUE-ASBESTOS. PTY.LTD. Minutes of Meeting of Directors held at No. 1 Bent Street, Sydney on Tuesday, 9th October, 1962 at 12.15 a.B. Prwni Jfta stoa Commission Agreement; Messrs. M.G.Klng (Chairman), C.R.Broadhui and H.ft.Brennan* The Minutes of previous meetings were confirmed and signed. It was resolved that the Housing Commissi* Agreement with A.B.A. Pty.Ltd. be signed and sealed with the Company's seal and Mr. H.R. Brennan be authorised to countersie the agreement. The Agreement which is foi a period of two years is as previously signed except that the rents have been increased from 3.0.0 to 3.5.0 on 150 homes and from 3.15.0 to 4.0.0 on the plaster houses. CHAIRMAN r:.:\a>3 h Sctucgs. AUSTRALIAN BLUE ASBESTOS PTY. LTD. Minutes of Meeting of Directors held on Thursday* 25th October, 1962 at 9.30 a.m. Present: Minutes of Meeting: Directors Report & Annual Accounts Monthly fcJSPW&V Accident: Messrs. K.O.Brown (Chairman), M.G*King, A.C.Higgs and A.R.Johnston. In attendance: Mr.H.R.Brennan# The Minutes of the Directors Meeting held on 9th October were confirmed and signed. The Balance Sheet and Profit & Loss Account for the Y.E. 30th June,' 1962, together with the Directors Report were approved and signed. The Managers Report and Profit & Loss Account for September were tabled- The accounts for 4 W.E* 26th September, 1962, show a loss of 10,735 compared to a budget profit of 17,947. The reasons for the loss are: (a) Fall in Fibre Value. (b) Fall in Production Target by 281 tons. (c) Very high Mill Maintenance costs. (d) Cost of retreating Fibre. (e) Fall in Mill Yield. The Chairman reported that a large scale fall had occurred in the mine during the last few days and six men were injured. The extent of the damage was not yet known. CHAIRMAN in the matter of tebzzx?. Personal Injury Cases; .2*d a copied to Kichaid F. Scruggs. ALiSTRALlAM BLUE Present: Minutes: Accounts Auditors Report: and C.HIBroadhu'. A#n'Jo^ston The iviinutes of the prt were confirmed and signeo.meeting It was resolved that the Auditec. Balance Sheet and Profit and Loss Account for the 6 months ended 3l$t December, 1962, and the Directors' Report be approved and signed. CHAIRMAN AUSTRALIAN BLUE AJBcSTCS ;:TY.LTQ. Minutes of Meeting of Directors held on Tuesday, 2nd April, 1963. Present: Minutes: Accounts: Balancing Date: Audit Fees: Messrs. M.G.King (Chairman), A.C. Higgs, A.R.Johnston, Directors, and Messrs. Mackintosh and H.R,Brennan. The Minutes of the Meeting of Directors held on 25th October, 1962, were confirmed and signed. The unaudited accounts for the 6 Months Ended 31st December, 1962, showing a loss of *45,313 were tabled. It was resolved that the end of the Financial year be changed to 31st December each year. Accounts to be presented to shareholders as at that date and the Audited Account to June in each year will be directed to the Directors for Taxation purposes only. The first set of accounts for filing will be for 6 M.E. December,1962. The account for Audit fees from Merry & Merry for the half year ended 30th June, 1962, for *520 was passed for payment. i CHAIRMAN c 0968 J V ^liCTRALIAN BLUE ASBESTOS PIY. LTD. Minutes of Meeting of Directors held on Tuesday, 2nd April, 1963. Present; Minutes: Amounts: Balancing Date: Audit Fees: Messrs. M.G.King (Chairman), A.C.Higgs, A.R.Johnston, Directors, and Messrs. Mackintosh and H.R. Brennan. The Minutes of the Meeting of Directors held on 25th October, 1962, were confirmed and signed. The unaudited accounts for the 6 Months Ended 31st December, 1962, showing a loss of 45,313 were tabled. It was resolved that the end of the Financial year be changed to 31st December each year. Accounts to be presented to shareholders as at that date and the Audited Account to June in each year will be directed to the Directors for Taxation purposes only. The account for Audit fees from Merry & Merry for the half year ended 30th June, 1962, for 520 was passed for payment. Produced in the matter of Asbestos Personal Injury Cases, Abrams Lssd & copied to CHAIRMAN jy -'JZTKALIAis IL:J AaBsSTQS PTY. LTD. Minutes of Meeting of directors of Australian Blue Asbestos Pty.Ltd. held-at 1/7 Bent Street, Sydney or. 27th June, 1963. Present: Minute s:' Accounts Auditors Reoort: Messrs. M.G.King, A.A.Johnston and C.HiBroadnurst. The Minutes of the previous meeting were confirmed and-signed. It was resolved that the Audited Balance Sheet and Profit and Loss Account for the 6 months ended 21st December, 1962, and the Directors' Report be approved and signed. p.-r^vr* v' *"*V-'r-v:-' C2&** fetei ft Minutes of Meeting of Directors held at No.i 3ent Street, Svaney at 9.3C a.m, on Thursday, 26th March, 1964. Qs Present Annual Accounts: U.A.: 'essrs. M.G.King, C.H.Broadhurst, . .C.Higgs and A.R.Johnston. The statutory accounts for the year ended 31st December, 1963, were tabled and signed by two directors. ;he following U.A.Expenditure forms were tabled and approved: Mo.380. Alteration to Air Receivers and purchase of new unit. 2,800. No.381. Electrical Reticulation of Nos.8 and 9 levels. 3,000. No.382. Dust Collecting system.30,000 No.383. Replacement of Humber Sedan. 2,000. No.384, Purchase of VLBX Engine ex Bullfinch Mine WA. 13,000. C 0973 .Vdnutes of deetia:; or Directors ..cl;: at ::o. 1 .3ent 3;:re-et, 6/oney at . 2-' a. .. on Thursday, 27th February, i >c4. Present: L>.E. dessrs. drown, ...2. di,..( Odd. 2:ro >dnur -.no i. ' aim s ton. The folJov'tr.Q ' -n ex joriditure ror"'s v>re- rc -.^proved: do. 271 do. 272 .io. 374 do. 3/5 do. 3/6 ;:j. 277 do. 2/J Two -iich Lift 'umps dour Pont her . 'acnti.e s addition:) 1 .;oLd;shoo ilquiame at Transformer station ( Insto 1 in t i..n ) InstoLJ..f n .. f delicti Tilt ceiilo'j. C'-sii ..ee;'ster detail 3torr Comoic-tion of fences -1010 3L020 ,;1700 _t>0C0 -200.0 2 660 22100 / b' `ur.-i.ud. i !\ /U C 0972 AUSTRALIAN BLUE ASBESTOS PTY.LTD Minutes of Meeting of Directors of Australian Blue Asbestos Pty. Ltd. held at 1/7 Bent Street, Sydney on 17th January, 1964. Present: Mr. C. H. Broadhurst, (Chairman) A. R. Johnston and H. R. Brennan. Minutes: Audit: The Minutes of the previous Meeting were confirmed and signed. The Audit Fees for the six months ended 30th June, 1963 amounting to 520: 0: 0. was approved for payment to Messrs.Merry & Merry. Land Transit to So ten An application to amend name on certificate of title Volume 1238 Folio 670 from Australian Blue Asbestos Limited to Australian Blue Asbestos Pty. Ltd. was signed and sealed with Company's seal ana Mr. H. R. Brennan was authorised to counter sign the application. A Transfer of Land for Wittenoom Gorge Lot 365 and being Lot 2 on Diagram 29749 Certificate of Title Volume 1238 Folio 670 from the Company to F. & 0. Soter to be signed and sealed with Company's seal and Mr. H. R. Brennan was authorised to countersign the transfer. A true record ...irutes or ...eetmg or -erectors n.eoo at uo.i Bent Street, Svc.nev. on Chursoam, 30th. Acril, L964. Present ,essrs . .V. .G .King (Chairman./, C .H. Broadnurst, .C.Higgs and A.,R,Jonnston. Minutes: The Minutes of the .Meeting held on 2oth March, 1964, v.ere approved and signed. Audit Fees: The Audit Fees for tr.e six months ended 3151 December amounting to 445,5.3 were approved for payment to Messrs. Merry & Merry. WiCHAIRMAN- C 0974 ..mutes Meet a v aay, Minutes Annual Meeting: U.A.E: Z . Broaa.-.urs t, A., Johnston ana A .0 .Higgs . The Minutes of the Meeting of Directors held on. 20th April, 1964, '.ere confirmed and signed. It was agreed the Annual General Meeting should be held on the 25th June. 1964. Alterations to Hotel Fortescue, 2,COO was aooroved. CHAIRMAN K-' .. / C 0975 AUSTRALIAN BLUE ASBESTOS LTD. Minutes of Meeting of Directors of Australian Blue Asbestos Pty. Ltd. held at No. 1 Bent Street. Sydney on Wednesday, 21st October, 1964 at 9.30 a.m. Present? Messrs. C.H. Broadhurst (Chairman), A.C. Higgs and A .ft. Johnston. In attendance Mr. H.R. Brennan. Agreement; The Agreement with the State Housing Commission covering the Wittenoom houses for a further two years was signed and sealed with the Company's seal and Mr. H.R. Brennan was authorised to counter sign the agreement. A true and fair record. CHAIRMAN. A'JS :RALI.A:h -Lw3 -.3 `S.ZZ .Ci r. {. _,U. Minute of Meeting of Directors held at No. 1 3ent Street , Sydney, on Thursday 5th November, 1964. Present; Sank Guarantee: Bank Signature! Mr. M. G. King (Chairman) Mr. C. H. Broadhurst, Mr. A, R. Johnston, Mr. H. R. Brennan (alternate director for Mr. A. C. Higgs), It was resolved that the Bank Guarantee for E. G. & L. McGuire for 7,000 be signed and sealed with the Company'sseal and Mr. H. R. Brennan was authorised to countersign the Guarantee. It was noted that a Bill of Sale over the two trucks had been arranged and lodged for registration and that these arrangements were necessary consequent on the transfer of trucks from J. D. Tsakalos Pty. Ltd. to E. G. & L. McGuire. It was agreed that authority should be given for Mr. Allen to sign on the No. I Account. // CHAIRMAN. r/v 'i4 C 0977 AUSTRALIA.; "Sscjiuo PiY.L.D . Minutes of Meeting of Directors held on 8th December. 1964 Present Messrs.M.G.King (Chairman), A.C.Higgs, A.R.Johnston and C,H.Sroadnurst. Balancing Dates: It was agreed that the end of the financial year should be changed from 31st December to 31st March each year. This change is made so that the Balancing Date corresponds with that of The C.S.R. Co.Ltd. and the first set of accounts under this arrangement will be for the 15 months ended 31st March, 1965. It is not proposed to change the taxation year and audited accounts will be directed to the Directors each year to the 30th June for this purpose. Audit Fees: The account for audit fees from Merry & Merry for the 6 M.E. 30th June, 1964 totalling 580.10.11 was passed for payment. This includes 60.10.11 for expenses and special Taxation advice. U.A.E: C 0978 The following U.A.Expenditure was approved: Form No.395. " " 396. " * 397. " " 398. " " 399. fl ton Ford Truck 3,400. Purchase Landrover.1,400. 5 ton Locomotive. 6,900. Fencing Houses in Town. 1,000. Diamond Brilling Expenditure.21,000 [i^L CHAIRMAN /(W AUSTRALIAN BLUE -35BSTJ': .~TY. LTD. Present: Meeting of Directors held on Thursday, 17th September, 1964. Messrs. C.H. Broadhurst (Chairman) A.R. Johnston and A.C. Higgs. Guarantee; It was agreed we should act as guarantor for Frigula to the extent of 1,500 to allow him to purchase the Butchers Shop. The Guarantee for the advance was signed and sealed with the companies seal and Mr. A.R. Johnston was authorised to countersign the document. CHAIRMAN. AUSTRALIAN, BLUE ASBESTOS PPf.LTD. Minutes of Meeting of Directors of Australian Blue Asbestos Pty. Ltd. held at 1/7 Bent Street, Sydney on 17th January, 1964. Present: Mr. C. H. Broadhurst, (Chairman) A. R. Johnston and K. R. Brennan. Audita The Minutes of the previous Meeting were confirmed and signed. The Audit Fees for the six months ended 30th' June, 1963 amounting to 520: 0 : 0. was approved for payment to Messrs.Merry & Merry. Land Tr^nS Soter: to An application to amend name on certificate of title Volume 1238 Folio 670 from Australian Blue Asbestos Limited to .Australian Blue Asbestos Pty. Ltd. was signed and sealed with Company's seal ana Mr. H. R. Brennan was authorised to counter sign the application. A Transfer of Land for Wittenoom Gorge Lot 365 and being Lot 2 on Diagram 29749 Certificate of Title Volume 1238 Folio 670 from the Company to F. & 0. Soter to be signed and sealed with Company's seal and Mr. H. R. Brennan was authorised to countersign the transfer. A true record. v.~ >- - * o TV. LTD. :.:inutcs af ..:eeti;-v :-o. I lent' Street* /, 7 ;h directors neic at :'&* ".S'' i. 1 r 7, * / o4. essrs. iro.vr,, and A.l. Johnston. *5. C.;-.. Lroarinurst roll O' v':.r; .... 3;< A'-n^itur'? ;.-r rs .vc- rc ..0. 371 7 ii ), "7- - ? /o Two rive. Lift i* '-r "'-.n-.-.er ..'echine s Jit 1.1 ..'Ji\;shOO 3 i. "6 *t ' / 6 Instr.ii.-f n :.t Ac-unti Tilt- Cc. ' 377----- C-sh .-.cc:tcr detail Store ". 37.'. CoJnnleti'nn of fences -1010 - 1020 .:i700 G50C0 2CCG . joO oc 1-^ CM 'A ri - k L*j A *:t;,:.;:;' .'' WT.233; -. :;sa *D WS"* AUSTRALIAN BLUE ASBESTOS PTY.LTD . Minutes cr Meeting of Directors held at No.l Bent Street, Sydney at 9.30 a.m. on Thursday, 26th March, 1964. Present Annual Accounts: U.A.E: Messrs. M.G.King,.C.H.Broadhurst, A.C.Higgs and A.R.Johnston. The statutory accounts for the year ended 31st December, 1963, were tabled and signed by two directors. The following U.A.Expenditure forms were tabled and approved: No.380. Alteration to Air Receivers and purchase of new unit. 2,800. No.381. Electrical Reticulation of Nos.6 and 9 levels. 3,000. No.382. Dust Collecting system.30,000 No. 383.- --Replacement uf number Sedan. 2,000. No.384. Purchase of VLBX Engine ex Bullfinch Mine WA. 13,000. U- CHAIRMAN J j tfr; of Cnees; r AUSTRALIAN BLUE ASBESTOS PTV.LTD. Minutes of Meeting of Directors heid at No.i Bent Street, Sydney, on Thursday, 30th April, 1964. Present Messrs. M.G.King (Chairman), C.H.Broadhurst, A.C.Higgs and A.ft.Johnston. Minutes: The Minutes of the Meeting held on 26th March,1964, were approved and signed. Audit Fees: The Audit Fees for the six months ended 31st December amounting to 445.5.3 were approved for payment to Messrs. Merry & Merry. 1 CHAIRMAN ^ J L4~ Ad & _ D-v Minutes cf Meeting cf Directors held on iuesday, 26th May, 1964. Present; Minutes: Annual Meeting: U.A.E . Messrs. M.G.King (Chairman), C.H.Broadhurst, A.R.Johnston and A.C.Higgs. The Minutes of the Meeting of Directors held on 30th April,1964, were confirmed arid signed. It was agreed the Annual General Meeting should be held on the 25th June, 1964. Alterations to Hotel Fortescue, 3,000 was approved. CHAIRMAN AUSTRALIAN BLUE ASBESTCS ~TY. u. Minutes of Veeting of Directors held on Thursday, 17th September, 1964, Present: Messrs. C.H. Broadhurst (Chairman) A.R. Johnston and A.C. Higgs. Guarantee: It was agreed we should act as guarantor for Frigula to the extent of 1,500 to allow him to purchase the Butchers Shop. The Guarantee for the advance was signed and sealed with the companies seal and Mr. A.R. Johnston was authorised to countersign the document. F;C:. ; ^ * ft:'.;-- .t AUSTRALIAN BLUE ASBESTOS LTD Minutes of Meeting of Directors of Australian Blue Asbestos Pty. Ltd* held at No* 1 Bent Street, Sydney on Wednesday, 21st October, 1964 at 9*30 a.m. Present; Messrs* CH* Broadhurst (Chairman), A.C. Higgs and A.R. Johnston* In attendance Mr* H.R. Brennan* Agreement: The Agreement with the State Housing Commission covering the Wittenoom houses for a further two years was signed and sealed with the Company's seal and Mr* H.R. Brennan was authorised to counter sign the agreement. A true and fair record. , . . s Af ;":t; Coses; wvtf-Uo** AUSTRALIAN BLUE ASBESTOS PTV. LTD Minutes of Meeting of Directors held at No. 1 Bent Street, Sydney, on Thursday 5th November, 1964, Px.gjs.g.fli.s Bank Guarantee: Bank Signature! Mr. M. G. King (Chairman) Mr. C. H, Broadhurst, Mr. A, R, Johnston, Mr. H. R. Brennan (alternate director for Mr. A. C, Higgs), It was resolved that the Bank Guarantee for E. G. & L. McGuire for 7,000 be signed and sealed with the Company'sseal and Mr. H. R. Brennan was authorised to countersign the Guarantee. It was noted that a.Bill of Sale over the two trucks had been arranged and lodged for registration and that these arrangements were necessary consequent on the transfer of trucks from J. D. Tsakalos Pty. Ltd. to E. G. & L. McGuire. It was agreed that authority should be given for Mr. Allen to sign on the No. I Account. / i-k-i*/' CHAIRMAN. '//Cd AUSTRALIAN SLUE ASBESTOS PTY.LTD. Minutes :t ."eetir.a of Directors held on Sth December. 1964 Present: Messrs.M.G.King (Chairman), A.C.Higgs, A.E.Johnston and C.H.Broadhurst. Balancing Dates: It was agreed that the end of the financial year should be changed from 31st December to 31st March each year. This change is made so that the Balancing Date corresponds with that of The C.S.R. Co.Ltd. and the first set of accounts under this arrangement will be for the - 15 months ended 31st March, 1965. It is not proposed to change the taxation year and audited accounts will be directed to the Directors each year to the 30th June for this purpose. Audit Fees: The account for audit fees from Merry & Merry for the 6 M.E, 30th June, 1964 totalling 580.10.11 was passed for payment. This includes 60.10.11 for expenses and special Taxation advice. U.A.E: The following U.A.Expenditure was.approved: Foritm i Noii . 395. 396. * it 397. 398. n ii 399. (l ton Ford Truck 3,400. Purchase Landrover .1,400. 5 ton Locomotive. 6,900. Fencing Houses in Town. 1,000. Diamond Drilling Expenditure. 21,000 /i j CHAIRMAN Linutes of meeting of Directors of Australian Blue Asbestos Pty. Ltd. held on 5th Larch, 1965. Present. i. r. o.H. Broadhurst (Chairman) i..r. A.R. Johnston and N.r. H.ft. Brennan. Transfer of Land. Surrender Form for the release of Lot 105 to the Department of Lands for the H.A. Fire Brigade Board were signed and sealed with the Company's seal and f.r.H.ft. Brennan was authorised to countersign the releases. CHAIN an r 3E5TCS PTY. LTD. Minutes of Meeting of Directors r.eld at i-J Bent Street, Sydney on riday, 26th March, 1965. P*aeor\'t ; Messrs. G. .King (Chairman), A.R. Johnston and H.R. Brennan ('attenuate director for Mr . A . Higgs } . Agreement: The guarantee to the Commonwealth Trading Bank of Australia of a loan to J.D.Tsakalos Pty.Ltd. was signed and sealed with the Company's Seal and Mr. H.R. Brennan was authorised to countersign the guarantee. The Loan is to finance the purchase of trucks fey J.D.Tsakalos Pty.Ltd. for the transport of fibre. Confirmed 11 v .1 CHAIRMAN C 0981 .-.USTRaLIAN cLUc -..BE5TC3 PTY. LTD. ."inutes of Directors Meeting held at 1-7 Sent Street, Sydney, on 21st. September, 1265. Present: accounts: Taxation Accountsi lesArs. King (Jhaixman), .C. Higgs, C.H. Broaahurst -no ,-.A. Johnston. It wes resolved that the .-.udited Balance Sheet, Profit and Loss .-.ccount and Directors Report be approved for submission to the Annual General Meeting. These accounts are for the 15 months ended 31st. .March, 1965. It was agreed that the taxation year for the Company should, in future, end on 31st. March and that the first period be for the 9 months ended 31st. March, 1965, This change has been approved by the Taxation Department. General Manager: The appointment of Mr. Arthur L. Lloyd as General Manager of Australian Blue Asbestos Pty. Ltd. was confirmed as from 11th. .August 1965. CHAIRMAN .''inures at No. i 1965. BL'JH -'5 e .v.-eting of Directors held Street, Byoney or, 14th October, PRESENT: V.essrs. K.C. Brown ; Ohairmar. / , M.G. King, A.C. Higgs and A..Ft. Johnston. In attendance Mr. H.R. Brennan. CAPITAL: It was resolved that a call of 15/- per share be made on the 200,000 shares of 1 each numbered 2,000,001 to 2,200,000 inclusive and that such call be due and payable at the registered office of the Company on the 18th October. CAPITAL ISSUE: It was resolved that an issue of capital be made to the extent of 600,000 shares of 1 each, numbered 2,200,001 to 2,800,000 inclusive and that such shares rank Pari Passu in all respects, with the original shares forming part of the original capital .g^/the Company. It is further proposed that such shares be offered to the Colonial Sugar Refining Co.Ltd. in accordance with the Articles of Association and be payable Id. per share on application and allotment and that this application and allotment money be due and payable on the 21st October. CALL OF CAPITAL: It was resolved that a call of 19/11 per share be made on the 600,000 shares of 1 each numbered 2,200,001 to 2,800,000 inclusive, making such shares paid to L and that such call be due and payable at the registered office of the Company on the 22nd October, 1965 lu-ftX C-# CHAIRMAN. `k^ c 0983 Minutes of . Meeting :: directors lydney, z~ 1st C-cemoer, Sect. bfe held at Mo.i sent Street Present: Messrs. M.G. King 'Chairman) C.H. Broadhurst. .Minutes : The minutes of the m.eeting of Directors held on 14th Cctocer were confirmed ana signed. Share Certificate Secretary: Cheque Signatories Audit Fees: Lease: It was resolved that snare certificate No.49 for tn.e 600,300 share numbered 2,200,001 to 2,300,000 allotted to the C.3.R. Co.Ltd. on the 14th October, 1965 be signed and sealed with the Company's seal and Mr. H.R. Brennan authorised to countersign the certificate . Share Certificate No.48 for 200,000 shares numbered 2,000,001 to 2,200,000 was endorsed to show shares fully paid to 1. The resignation of Mr. J.3. Motley as Secretary of the Company has been received consequent on his return to The C.3.R. Co. Ltd. It was resolved that Mr. 3.W. Alexander be appointed Secretary as from 20th December. Consequent on the above Resignation and Appointment it was agreed that the Directors action in changing the signatories to the Companies Bank Accounts be approved. It was resolved that the following payments for Audit Fees be confirmed. 9 months ended 3L/3/65 6 months ended 30/9/65 775. 0. 0 440. 0. 0 It was resolved that the Lease Agreement of the Blue Asbestos Club to the Company from the Tableland Shire Council be signed and sealed with the Company's seal and Mr. H.R. 3rennan be authorised to countersign the leases. C 0984 PERTH AUSTRALIAN SLUE ASBESTCS PTY.LTD. >es of meeting of Directors of Australian I Asbestos Pty. Ltd* held on 5th March, 1965. pyft^ent* Mr. C.H. Broadhurst (Chairman) Mr* A.R. Johnston and Mr* H.R. Brennan* Surrender Form for.the release of fil Lot 105 to the Department of Lands for the W.A* Fire Brigade Board were signed and sealed with the Company's seal and Mr.H.R* Brennan was authorised to countersign the releases ft' >; 'S' CHAIRJv AN . :n nfj n'ansr 0T rttQTRALIAN BLUE ASBESTOS PTY. LTD. 'Meeting of Directors held at 1-7 Bent Street, Friday 26th March, 1965. Messrs. M.G. King (Chairman), A.R. Johnston and H.R. Brennan (alternate director for Mr. A. Higgs). The guarantee to the Commonwealth Trading Bank of Australia of a loan to J.D.Tsakalos Pty.Ltd. was signed and sealed with the Company's Seal and Mr. H.R. Brennan was authorised to countersign the guarantee. The loan is to finance the purchase of trucks by J.D.Tsakalos Pty.Ltd. for the transport of fibre. Confirmed CHAIRMAN inury C RduLhiTar^d F. Scru&ggcso.pied to AUSTRALIAN BLUE ASBESTOS PTY. LTD Minutes of Directors Meeting held at 1-7 Bent Street, Sydney, on 21st. September, 1965. Present! Accounts: Taxation Accounts: Messrs. M.G. King (Chairman), A.C. Higgs, C.H. Broadhurst and A.R. Johnston. It was resolved that the Audited Balance Sheet, Profit and Loss Account and Directors Report be approved for submission to the Annual General Meeting. These accounts are for the 15 months ended 31st. March, 1965. It was agreed that the taxation year for the Company should, in future, end `on 31st. March and that the first period be for the 9 months ended 31st. March, 1965. This change has been approved by the Taxation Department. General Manager: The appointment of Mr. Arthur L. Lloyd as General Manager of Australian Blue Asbestos Pty. Ltd. was confirmed as from 11th. August 1965 CHAIRMAN 4 >u vo vinutes of Meeting cf Directors Sydney, on 3ist December, 1965. be held at No.i rent Street Present: Messrs. M.G. King (Chairman) C.H. Brcadhurst. Minutes: The minutes of the meeting of Directors held on 14th October were confirmed and signed. share Certificate: It was resolved that share certificate No.49 for the 600,000 share numbered 2,200,001 to 2,800,000 allotted to the C.S.R. Co.Ltd. on the 14th October, 1965 be signed and sealed with the Company's seal and Mr. H.R. Brennan authorised to countersign the certificate . Share Certificate No.48 for 200,000 shares numbered 2,000,001 to 2,200,'COO was endorsed to show shares fully paid to 1. Secretary: The resignation of Mr. J.S. Notley as Secretary of the Company has been received consequent on his return to The C.S.R. Co. Ltd. It was resolved that Mr. B.W. Alexander be appointed Secretary as from 20th December. Cheque Signatories: Consequent on the above Resignation and Appointment it was agreed that the Directors action in changing the signatories to the Companies Bank Accounts be approved. Audit Fees: It was resolved that the following payments for Audit Fees be confirmed. 9 months ended 31/3/65 6 months ended 30/9/65 775. 0. 0 440. 0. 0 Lease: It was resolved that the Lease Agreement of the Blue Asbestos Club to the Company from the Tableland Shire Council be signed and sealed with the Company's seal and Mr. H.R. Brennan be authorised to countersign the leases. tf?r of `vrv '' 'ZTRA:.T.-.r ' ' ''1 FI''t 0 S Of ' V rt * p <- r v'Hne'', on ">','th 3^"'~''r!rr 'nl'J a ' | P * 'pn n.0 ^ 1 1 e* >-po + "eosrc. A.C, r'f~^s { Oh' i rro n ) , A.R. Johnston, H, ' c1'.' rto sh *p.R L', Zrennan . ' '.ItPJTZS T,-.o . nut 9 s of "o^tTn^1 '* f Di'"rict'~i'rS| Hold cn Z1 st Docr, r'e, ,<* ro confirmed and sinned. SZC"ZT.\PY t Tl' * ~ c: t-1 i ; r " 'r. '5,'.V. A1.oA`,rr,''r, a s S^C'etary, - <*j i non r'"'cei',cd c ' n 2otpot on 1 ! ? jn^n-p * - t. J . C J'.. Z ., !J ^ , It s rosolvooi that Jr. L.lcyri Arthur Hie he appointed Secret t; . Tt 'ns t*i c^ t'^^t '.*r llovd Arthur Ree ho orr'nXnto^ !'uhM.c Officer for the purposes of the F^y Roll Tax Assessrod Act, the Sales Tax Assessment Act, apd thr. locn^e T-x Assrtr='r'<ant Act. RAQADvOTr:i t f' ~ ~TS . I* ;.* r*\ er- } \tr ,i `'-if i-;-, ~ followino Pnd -nd Doubtful r*r*' + t tr h.-i% i ' "'.zz' .BZ hs written off ageinst the Crov> cion Fad l Doubtful Debts. All Zlac^ Basketball Club G. Adamson F. ArMnbbo l .ZZ o no R '.' .Atkinson -* -* . A O A. Blocklock IZ.OO "/ Zoro'vsk 1 ft Qoii;s r f e i + /*v 1 14 J OZ.7n l.Zh ! o.zq 'V. Curno'.v * t Colgate i. Cartledoe poc ^ y I*S pa t-~<i * f . J6 16.00 *> on J /-*/-\ -.67 L. Fava rc ot Goric '. Z1 zo.oc A. Ceraoitano J. Corog ,g# Class A. L.Gyson V/. Dickson F. Husza r Hoyos r. !l?rpor H. Ciesse O R.Hopkins E. J.nznierzak T 4 Jlincic R. Kerr n Lanborto p Cuoresa k oi.73 1.16 14,21 6.00 10.00 z.ti 7.01 17.00 10.54 lid 17 l.ZO 6.15 71,60 n.oo o c 3, Laze res!: A. Aicr - ^ ~ 1 ; --, " . .7... * rr, inn ;;,; .. v.irz-i'*' ?. :ilic c >*Ci ^ / c* n a. l-cr.ny A. Pratt 3. Pnoo A.P.Oynr, 3..7. Ac-'. <n 3. .VA.-rts r. Acr.rn .-v ,T. lOnbinsor, F, "T 7^" , -.p ' n* - 7.1' 2'. 30 -- U.45 AA A. i3 10.77 '. :o ' . 02 . I0 92.0 O' ~-T -- T r.r..'C A, 2-_-.;cta T i ...rrii .w. r1s 2. 1 n * no 7 i . -V ' s- Z - o - ; L`: r. i'i - :r v , y; -,! T, Aon ".fi A-i.-n ' r. 1 . .6 2 -7 A =o ~ ] . _ > - 1 B. ' \ 7 1 "> -tC i= 13 . ^6 > -> ^ - .00 i ..it ' *n-:e i IVrrii. s Cl'il \ K k. . .: y .r'l - e^ . at ..lie n i *' ; U nsten "7 01 13 .K C^ C Of*.'* i r:nn 'J-t ^ C 0986 AUSTRALIAN BLUE ASBESTOS PTY. LTD. Minutes of Directors Meeting held at 1 O'Connell Street, Sydney on 30th September, 1966. Present Accounts Audit Fees Messrs. M.G. King, A.C. Higgs, A.R. Johnston, and H.R. Brennan. It was resolved that the Audited Balance Sheet, Profit and Loss Account and Directors Report be approved for submission to the Annual General Meeting. The account received from Messrs. Merry and Merry for Audit Fees for the 6 months Ended 31st March, 1966 of $1,356.95 was agreed to. CHAIRMAN C 0987 stsaltam -L'.'s as a?.---' A* t - -j ' . v ; : r.t Minutes of 'cotirg of Directors, held at `-'c, i C'Conos 1 i Street, Svdnov, :r 2-th September, 1966. P23S3V7: .Messrs, A.C.-Higgs (Chairman), A.P.. Jchnstcn, H. Mackintosh and H, Brennan,. MIHvTCS: Tho Minutej of the Meeting of Di-rr-ctors, cn 22st December, 1965, were cor.:irmed end signed, SECRETARY: The resignation of Mr. 5.IV. Alexander, as Secretary, . has been received consequent on his return to the C.S.R. Co. Ltd. It was resolved that Mr. Lloyd Arthur he a-: nr. in ted Secretary. It was t - so rsnlv5(5 that Mr, Lloyd Arthur Rae he appointed Public Officer for the purposes of the Pay Roll Tax Assessment Act, the Seles Tax Assessment Act, and the Income Tax Assessment Act. SAD 2. DCV3TFPL DEBTS, It was resolved that the following Bad rod Doubtful Debts, totalling -1,2?!,52 be written off against the Provision for Bad 3. Doubtful Debts. Ail Black Basketball Club *39.20 G. Adamson l .28 F. Addabbo > Ut .Atkinson 3.92 23.4-9 A. Black lock */ Be rows:-: i 12.00 102.70 H. Beilis F. Cppcri^nl 1 i V/. Currow 1.20 1 ?.2P 5.36 Dnln.-te 7 # Ca rtledge 16.00 o om r.. Do 019V 3, Farmer U. ravaro P Doric 1 w* ^ a . gy 4.-01 ->n.on A. Berr.cittno J. Corog r Class A. L .Tyson / Dick son - r- - r 2. - / - * F. t.- Oief-s? r r> .Hopkins E. Mnzmierzak I. llincic ; .'.err 0. Lambn rt o r --: o * .73 4.16 14.21 6.00 10 00 > ,f \ ? , 17.DC 10.54 .60 110.17 1.30 6.15 71.60 3. 'Lazaresk A. Vi or T. r.J..Vanning V.T.Vurphv ?. -Vi lie 7cOarvan *V. 2.C 'V.aefe .3. Penny A. Prutt 3. -Darsia-.______ K. P.Rynn -- -_ _ E. Robertson .V. Ronan A.1Robinson F. Ri+r A-7.00 : .73 ' -- f 'A 3.30 30.13 0.c2 30.20 2C.00 I-a.dS 0.00 0.43 13.07 0.60 10.23 23.10 92.60 27. S2 3. Rowe A. Seoota J. Smerali 18. bi 2.7: '1 R-- R.L Searle s. Szabo 91.5S 5.15 I. Thompson 11.67 J. Tierman D. Trunain r, Vi-a 1 12.45 15.7E 13.86 J. Van ricn erg p van 7ain 17.69 2.0C ..:.w . v/a !!<r 1.82 Wittencom Tennis Club 25.91 - R.L .Way 2.52 C. Xnaus 5.77 ?. v/llscn 21.95 T. White 18.14 D. .`/estcn 52.R5 Chairman AUSTRALIAN BLUE ASBESTOS PTY. LTD. Minutes of Directors Meeting held at 1 O'Connell Street, Sydney on 30th September, 1966. Present Accounts Audit Fees Messrs. M.G. King, A.C. Higgs, A.R. Johnston, .and H.R. Brennan. It was resolved that the Audited Balance Sheet, Profit and Loss Account and Directors Report be approved for submission to the Annual General Meeting. The account received from Messrs. Merry and Merry for Audit Fees for the 6 months Ended 31st March, 1966 of $1,356.95 was agreed to. CHAIRMAN. t AUSTRALIAN BLUE ASBESTOS PTY. LTD. NOTICE OF EXTRAORDINARY GENERAL MEETING Shareholders are hereby notified that an Extraordinary General Meeting of'^Australian Blue 'Asbestos Pty. Ltd. will be held at No. 1 O'Connell Street, Sydney on Friday 21st October, 1966 at 9.00 a.m. Business To consider and, if thought fit, pass the following resolution as a special resolution:- That the Capital of the Company be increased to $7,100,000 by the creation of 550,000 additional ordinary shares of $2.00 each and that such shares be issued at such time and to such persons upon such terms and conditions and with such rights and privileges as the Directors shall from time to time determine but subject in all respects to the Articles of Association of the Company. By order of the Board, . .I > AUSTRALIAN BLUE ASBESTOS PTY. LTD. Minutes of Meeting of Directors held on ?th February, 1967. y PRESENT: Messrs. M.G. King, A.C. Higgs and A.R. Johnston. In attendance H.R. Brennan. REGISTERED It was resolved that the Registered Address of the Company be transferred to i7th Floor, T. & G. Building, 37 St. Georges' Terrace, Perth* SECRETARY: It was resolved that Mr. L.E. Shepherdson be appointed Secretary of the Company la place of Mr. L.A. Rae. who has been transferred effective from 23th February, 1967. It was also agreed that Mr. Shepherdson be Public Officer for Sales Tax, Pay Roll Tax and other Taxation purposes. BAD DEBTS: It was resolved that permission be given to write off Bad Debts totalling 31518.30 against the Pro* vision for Doubtful Debts and It was further agreed that the Provision for Doubtful Debts be increased by 3468.30 to 31200.00 as at 30th December, 1966. CAPITAL: It was resolved that Share Certificate No. 50 for the 750,000 shares numbered 2,800,001 to 3,550,000 allotted to the C.S.R. Co. Ltd. on the 21st October, 1966 be signed and sealed with the Company's Seal and Mr. H.R. Brennan authorised to countersign the Certificate. CHAIRMAN AUSTRALIAN BLDE ASBESTOS PTY. LIMITED Minutes of Meeting of Directors held on 16th February, 1967, at 4 p.m. at the office of Stone.James & Co., 81 St. George's Terrace, Perth, W.A. PRESENT:- APPLICATION TO AMEND NAME SALE OF WITTENOOM ASSETS.*> .TRANSFERnOF MIKING' > '* TENEMENTS, . FREEHOLD' IAND AND MIN-ING LAND Messrs. C.H. Broadhurst (Chairman) P.C. Thomas (Alt. to Mr... AIR.v Johnston) A. Blancken'see (Alt. to. Mr;., M.G. King),L.E. Shepherdson (Secretary). The application- to amend the -name of . Australian Blue..Asbestos*-P.ty, Limited"; .wittenoom Gorge to: conform withVtKe various descriptions on-Mining Leases, Freehold land and Mining- land* was.. signed and sealed. It was resolved that all transfers be signed and sealed with the.Company's Seal and that Mr. Shepherdsonbe.V' authorised to countersign:: the. transfers ' " ' "* CHAIRMAN. f incites ?:' o" r: rectors "or- ^r. ";rc:- lf.'67, at 11.CO a.". at the offief of Stone James & Co., 71 st. Gcorco's Terrace, neith, w.A. PRESENT: .v INl'TES: TRANSFER OF TAILINGS LEASE TRANSFER OF OLD SYSTEM LAND ASSIGNMENT OF ROYALTIES Messrs. O.E. Makinson (Chairman and alternate to Mr. A.R. Johnston), A. Blanckensee (alternate to Mr. M.G. King), L.E. Shepherdson (Secretary). The Minutes of the Meeting held on 16th February, 1967 were confirmed and signed. It was resolved that the transfer' of Tailings Lease No.2 in duplicate be signed and sealed. It was resolved that the conveyance in duplicate of the Company's old system land be signed and sealed. It was resolved that the assisnment of Royalties in quadruplicate, by Messrs. Hancock and Wright, Wright Prospecting Pty. Ltd. and Hancock Prospecting Pty. Ltd. to be signed and sealed. It was also resolved that the consent to the 1th assignment of Royalties in favour of The Commercial Bank of Australia by Messrs. Hancock and Wright, Hancock Prosoecting Pty. Ltd. and Wright Prospecting Pty. Ltd. be signed and sealed. CHAIRMAN. -- -I j WWW w* VI V117 Wi. Directors of Australiarr-Bl'uerAs'bestosAssoc- ?ty. Ltd., held.in"Knox-House, O'Connell' Street, Sydney on Thursday 23rd March,1967' at 2/30:,o;,mr-JCcec . orcnwith to oive PRESENT: IN ........ ATTENDANCE. APOLOGIES: Mr. K.O. Brown (Chairman) . Messrs'. LC^HfqBfdadfidrSt and A.R. Johnston. of South Australia,. v<<s 1 es and Queensland 1 ` .-rrittry. If was Mr. K.C. Everett. 9 ..trials Div- :rh /.:*+.:.-alia, Victoria. appointed the Company's states and that MrA.R. Apologies were received'3f6miMSs's,r'S,.$MvGfo Kiftgs and A.C. Higgs. - 'V.*c Company (Canberra) u for the Australian Cacital ACTING SECRETARY: It was resolved that Mr. K.C. Everett be appointed Acting Secretary for the Meeting. cht- minting was MINUTES: The minutes of the meetings of the Board of Directors held on 13th February, 16th February and 17th February 1967 were signed as a correct record. APPOINTMENT OF DIRECTOR: r t fl / The Acting Secretary tabled a lje.tter/'frgm/The^ol'onlfrl/ Sugar Refining Company Ltd. whe'rebtf.-'Mr; ^'ArcH'iBi'ld Mackintosh was appointed'a director of the company in' accordance with Article 76 of the Company's Articles of Association. VAV ALTERNATE DIRECTORS: inaL^/j 7 The Acting Secretary tabled the following change Alternate Directors. DIRECTOR C.H. Broadhurst ALTERNATE DIRECTOR ^ A.Mackintosh Revoxed M.T. Lockwood Appointed A.R. Johnston P.C. Thomas 'Revoked J.E. 'M.akinson Appointed MEMORANDUM The Acting Secretarytabled a printed copy of the AND ARTICLES proposed Memorandum and Articles of Association of OF ASSOC1AT- the Company and outlined changes from the existing ION AND CHANGE Memorandum and Articles.- OF NAME: It was resolved that: An Extraordinary General Meeting of the members be summoned to be held at Sydney on Thursday the Twenty-third da.y of March, 1967. at 3 o'clock, in the afternoon for the purpose m of considering and if thought fit passing as special resolutions the following resolutionsi - -I 1. That the name of the Company be changed from- - -- Australian Blue Asbestos Pty. Limited to C.S.R. Building Materials Sales Pty.Ltd. That the Memorandum of Association of the Comp any be amended by deleting clause 2 thereof and substituting therefor the clause contained in the document submitted to the meeting and signed by the Chairman for the purpose of identification. That the Articles of Association presented to the meeting and signed by the Chairman for the ouroose of identification b<=* adopted in subst- AUSTRALIAN BLUE ASBESTOS PTY. LIMITED Minutes of meeting of Directors held on Tuesday, 28th March, 1567,. at 11 00 a.m. at the office of Stone James & Co., 81 St George's Terrace, Perth, w.a. PRESENT: Messrs. J.E. Makinson {Chairman, and alternate to Mr. A.R. Johnston), A. Blanckensee (alternate to Mr. M.G. King), L.E. Shepherdson (Secretary). MINUTES: The minutes of the meeting held on 17th March, 1967 were confirmed and signed. NOTICE OF TRANSFER APPRENTICESHIP AGREEMENT It was resolved that the Notice of Transfer Apprenticeship agreement for Gaetano Palermo unto Shack Motors Wholesale Pty. Ltd. and Shack & Kerr Services Pty. Ltd. trading as "Shack Parts and Services" be signed and sealed. It was also resolved that the Notice of Transfer Apprenticeship agreement for Bernard Robert Frank Konecny unto Australian Iron and Steel Pty. Ltd. be signed and sealed. XU. CHAIRMAN h/rfi 7. / ....... j Minutes of Meeting of Directors held on 31st March, 1967, at 4.00 p.m. at the office of Stone James & Co., 81 St. George's Terrace, Perth, W.A. PRESENT: MINUTES: ASSIGNMENT OF LEASE Messrs: J.E. Makinson (Chairman and alternate to Mr. A.R. Johnston), A. Blanckensee (alternate to Mr. M.G. King), L.E. Shepherdson (Secretary). The Minutes of the meeting held on the 28th March, 1967, were confirmed and signed. It was resolved that the assignment of Council Lease Reserve No.23865 between Hancock Prospecting Pty. Ltd. and wright Prospecting Pty. Ltd. and Australian Blue Asbestos Pty. Limited and Table Shire Council be signed and sealed with the Company seal. k CHAIRMAN. . w -- .**' Ji .* $ ' <;4i*/ I k2 : *<1 f I, CECIL HORACE EROADHURS7, a Director of Australian Blue Asbestos Tty. Limited, in pursuance cf the power contained in the Articles of Association of the Company hereby nominate MAXWELL THOMAS LOCKWOOD of lb Venn Street, Peppermint Grove, Perth to act as alternate Director in my place, to exercise and discharge all my duties as a Director of the Company during my inability to act as a Director. WITNESS: CL As Witness my hand this Sixteenth day of March, 1967. 1l L. v'-; fc.- 'V *2>*<vV V/ - >- -- CI *?V* % I, CECIL HORACE EROADHUR3T, a Director of Australian clue Asbestos ?ty. Limited, in pursuance of the power contained in the Articles of Association of the Company hereby revoke the nomination of ARCHIBOLD MACKINTOSH as alternate HLrector in my place. As witness my hand this Sixteenth day of March, 1967. WITNESS: J P.Tv Abrt E::;: *>* ./ i ! I, ANDREW RUSSELL JOHNSTON, a Director cf Australian Blue Asbestos Fty. limited, in pursuance of the power- contained in the Articles of Association of the Company hereby revoke *r.e nomination of PAUL CROWLE THCt'AS as alternate Director in my place. ;;ESS:)y^v>J^>ky WIT As witness my hand thi* Sixteenth day of ./aren, 196V. t I-*'. * I, ANDREW RUSSELL JOHNSTON, a Director of Australian Elue Asbestos Pty. limited, in pursuance of the power contained in the Articles of Association of the Company hereby nominate JOHN EDWARD MAKINSGN of Keane Street, Peppermint Crove, Perth to act as alternate director in my place, to exercise and discharge all my duties as a Director of the Company during my inability to act as a Director. !;>.; I*'.' WITNESS: As witness my hand t his Sixteenth day of March , 1967 a ', t V ft* . V'/v- l - ?rnrVtV;` ; i . `. ----;o n , 3d \i mctptp or wegim of DIRECTORS Of APSTMLIAl BLPt ASBESTOS LlttTP Bold at 1 0*Conaall Straat, Sydaay, at 2.JO p.a* on Tanadar, X5th Janaary, i$4n* Smite* Xtiiri. O.V.R, Powall (Chalraan), 0,*. Verlodga, and J*d* Qmalla. Confutation of Winntnat Tha alaotaa of tha prarlooa aaating vara road, ooaflraad and aignad* Saaratarr1! Baoortt Tha aonthly raport for Pootnbar, a aofcaittod by tha Soaratary, van plaaad btfom tha Mating* Xt na raaolrad that a call of 2a*0d* par ahara ba aada oa tha 50,000 ordinary aharaa of tha n Coapaay, naabarad 150.001 to 200,000 inolaalva, / frtT aaoh aharaa paid op to 6a*0d* aaab, and that auh oall ba daa and payabla iaaadiataly to tha Oaaratary at tha Rogistarad Offloo of tha Colony. CMWttt. C 0730 W BTRSCTORS Or AUSTBALTAN BT.TTF ASBESTOS LIMITED Held at 1 OfConnell Street, Sydney, at 10,30 a.m. on Tuesday, 19th February, 1946* ?Teaen-fci Messrs* C.W*R. Powell (Chairman), G.N* Worledge, and J*A* Slmslie. Confinaatlon of Minutes: The minutes of the previous meeting were read, confirmed and signed* Manager*s Report* The monthly report for January, 1946, as submitted by the Manager, was placed before the meeting* Call on Shares: It was resolved that a call of 4s*0d* per share *be made on the 50,000 ordinary shares of the / Company, numbered 150,001 to 200,000 inclusive, making such shares paid up to 12s*0d* each, and that such call ba due and payable immediately to the Secretary at the Registered Office of the Company* Staff! /r It resolved that the salary of Mr* L. O* * Hancock be increased to 900*0*0* per annum as from 1st March, 1946* CHAIRMAN, Kinffta or mariao PMCWRS or JUgTMIT** *"* **TOTOfl LPODEP, BtXd at 1 10*30 e'taU Btmt, aB* mi To****?, Vi,i cai'iw. >Nin C.V.1U favtU (flteSntt) 0<I. Yarl*dg, d ;.ju smiu* L Jgijvvvlou atia vn md wiffir*! ninirrt' ttt iwrttily K^ort fir VMrw, 1946* m 1ttd %T tt i WMMgny HU pA--4 b#wt tbm cauwmi. of DTRgCTORS 0? AtlSTRATJAN BLUE ASBESTOS LIMITS!) Held at 1 O'Connell Street, Sydney, at 10.30 a.m. on Tuesday, 16th April, 19*6. Present: Messrs. C.W.R. Powell (Chairman), G.N. Worledge, and I.A. Zlmslie. Confirmation of Minutes: The minutes of the previous meeting were read, confirmed and signed. Manager's Report: The monthly report for March, 19*6, as submitted by the Manager, was placed before the meeting. Call on Shares: It was resolved that a oall of 2s.0d. per share be made on the 50,000 ordinary shares of the Company, numbered 150,001 to 200,000 inclusive J mating such shares paid up to l*s.0d. each, and that such call be due and payable immediately to the Secretary at the Registered Office of the Company. CHATBMAM. G MINUTES OF MEETING OF DIRECTORS Of " AUSTRALIAN ELtJS ASBESTOS LIMITED. Reid at 1 C'Connell Street. Sydney, on Tuesday, 19th November, 194b, at 1C-JO a.m. Present: Messrs. H.E. Breakspear (as alternative Director for Mr. C.Y.R. Powell), G.K. YVorledge, *.A. Elmslie and W. J. Baird. Mr. Breakspear took the chair. Confinaatlon of Minutes: The Minutes of the previous Meeting were read, confirmed end 3igned. Monthly Report: Oe>*btv"' ihe report of the Manager for the month of Noveneer was tabled. - -Ifeve of Chare Certificate: --------------------- ft was resolved that Share Certificate No. 20 for 50,000 ordinary shares, numbered 200,001 to 250,000 r in the name of the Colonial Sugar Refining Company |( Limited, be sealed with the Company's seal and that Mr. H.E. Breaxspear be authorised to countersign such Certificate. Flant on Hire from The Colonial Sugar Refining Company Limited: The Company^ position as regards the plant and machinery held on hire fforn the Colonial Sugar Refining Company Limited was mentioned by Mr. Elmslie, who pointed but that a considerable quantity of plant - and machinery had been received on hire from the Colonial Sugar Refining Company Limited since the agreement evidenced by letter f?oa that Company to Australian Blue Asbestos Limited, dated 5rd April, 194 and the letter from Australian Blue Asbestos Limited to the Colonial Sugar Refining Company Limited, dated April, 1944, had been arrived at. It was recommended by Mr. Worledge that steps be taken to;- (a) Prepare a full statement cf all plant and machinery at ^resent on hire from The Colonial Sugar Refining Company Limited, end to submit it to that Company for confirmation and presentation to the next meeting of the Bosrd, end (b) Suggest to The Coloniel Sugar Refining Company Limited that a formal agreement be entered into between the two Companies to replace the existing agreement with an up-to-date schedule of plant and machinery held on hire from The Colonial Sugar Refining Company Limited. It was resolved that a full statement of plant and machinery held on hire from The Colonial Sugar Refining Company Limited be prepared and submitted to that Comnany for confirmation and, at, the se^e && AOSTOALIAH BLOg^ASBESTOS LIMITED. Held at 1 O'Connell treat, Sydney, Oa Tuesday, 17th Daeaabar, 1946, at 10*20 a.a. Present* Messrs* C..R* Powell (chairman), *J* Baird and J.A. Bias Minutes* The Minutes of the previous Hsatlnc were read, coafirued and signed* Monthly Report of the Manager for the aonth of soTcadar was tahlea* ?*11 i "l*Ttf* It was resolved that a call of ISA per share be made on SO,000 Ordinary Shares of the Coupany, numbered 00,001 to io0,000 inclusive, asking such shares tally paid and that, such eall be due and payable laaedlately to the Secretary at the registered office of the Company* Issue of Capitals It was decided that, as further capital itil be required la the near future, the Managing Director be authorised to approach the C.S.R* Co*, advising them . that a further 9,030 shares sill be nade available and 1 Inviting that Company to sake application for such shares* he had prepared la conjunction with The colonial Sugar Refining Co.Ltd. a couplets statessot of all plant and aachlnery hold dh'hifi rfdu t&at Coup***? m a me Colonial Sugar Refining Co* Ltd* considered It advisable In vie* of tte large quantity of plant ate* Involved that a formal agreeueat be entered Into between the re spective Companies. Mr* Slualle then produced an agreesant for hire subaittad by The Colonial Sugar Ref ining Co* ltd* rtich he stated appeared to be In order for consideration by the Board* The draft agrement subulttad and statesant of plant held on hire froa The Colonial Sugar Refining Co* ltd* sere considered and approved* Zt was resolved that the Coapany enter Into this agree ment with The Colonial Sugar Refining Co* Ltd* and that tha Managing Director, Mr* C*R*R* Powell, be authorised to execute the sene on behalf of the Company* CHAIRMAN T >^1 kihptes of i 4-hM i* of - -:; - 3 mmetobe Br-irergim* Brf,tt*"lsM8T09 tmm ..>... , M- ` '-Vv'C * T. l/` i., * , r-baruasBeld at 1 O'Connell Street, Sydney, on Tuesday* r,- ,,as ^->5- :"! ^ = ^ **<* :^i- *,*.. >jrr, ro ;r* .s .....*- ^ ^ ' ,N o TC ' y. >ji3'v.Hessrs* C*W*B* Powell (Chairman), J*i* Hnsll4 and VJ Baird* ;:. v,;/ Confirmation of Minutest . . .<ng The linntso?~the previOue Meeting were readj - confirmed and . signed*,,.. feethly aes^rtr ' 1',;; - 'Thefieport of the Manager for the month of r?m mi*.TM"ldt 4*<8* was?.,t`ai'b:: led,,* ,,r,,. .. < -. ih: :.:> jar oV-.C * 1 To !" M t V-' Xsttf-r 1:Pvdifeocx%s^'8tn1irBlr'tlhXns^jf6n.nlz months > a " 51*1te*anbw*V &4&nihci' titled. . t..-.,..y 1,. \ -\t * 'Tr'2 fopitn PypftrtUttyrafvypc. It was resolved that, the following capital / ^ expenditure '!}* approved * .;; Tern fo#-8$`Trios'lluer> cwitelesi'sleeper* et*/ ; t *** *%* (Supj>lement- - 4 lerorew JiaflSarators ;.ohlbalS - r iv^VPn'lfd^X^'tttdiiry Jobs for Township '*> ***>lmei**U--v` f'Ir -"^a#yl*io.s5a Single Ken's Quarters 2, (<) fdn 18*64^ iA'KirositS Refrigerators 1, Plant Hired fron " It was resolved tbit Xpproval be given for the following plant, when purchased, to be hired from The Colonial Sugar Befitting Co* Ltd* on the usual terns - form Ho* 59 2 SSSSB?"' 1 C5"ST 34,58^ Fora Ho* 62 Cronpton Parkinson Tranaforner Form Ho* 63 1 Sonnerdale Air Compressor m in V It has been decided to dispense with the services of Mr. D. Bmphrey3 and the Manager was instructed accordingly. Call on Sharest It was resolved that a call of 4s.Od. per share be made on the 50,000 ordinary shares of the Company numbered 400,001 to 450,000 inclusive, making such shares paid up to 6s.Od. each and that such call be due and payable Immediately to the Secretary at the registered office of the Company. Annual Cener&l Meeting: It was resolved that the Annual General Meeting t-f noteholders of the Company be held at He1* - 6*Connell Street, Sydney s.r 10.30 a.a. on Tuesday, 19th October, 1943 and that the Secretary be instructed to send Hotice in the rub-joined fora to Shareholders entitled to s*receive the same. HOTICE IS HEREBY GIVES that the Ordinary General Meeting of Australian Blue Asbestos Limited will be held at 1 O'Connell Street, Sydney, in the State of Rev: South Tales, on Tuesday the 19th Qctober, 1948, at 10,30 o'clock in the morning. B.nsiPTte. ' (1) To receive the Balance Sheet, Profit and Loss Account, and the reports of the Directors and Auditors for fb.e year ended 30th June, 2948. (2) The holders of shares numbered 90,201 to 100.000 to elect a Director pursuant to Article 76A of the Articles of Association on the retirement by rotation of Ernest Archibald Maynard Wright who retires pursuant to Article 86. (3) To appoint *n Auditor and to fix the re muneration. (4) To transact other business es may properly be brought before the meeting. By Order of the Board. Secretary. cannm. ADBIRALIAI Bug AaBESTP* HTTwp. Minutes of Meeting of Director* hold at lol 0*Connoil Street, Sydney on Vednesday 19th Jnu&ry,ld55 et 9*30* t.R. Directors: Messrs K.O.Broen (chairman) K.0. Mint and J.A.MLnslle. In attendance: A.C.Hlggs & H.R. Brennan the Minutes of the Meeting of Directors held on 23rd December,1954 were confined and signed. Tho Manager's Report for 4 seeks ended 28th December was tabled. ggoaactlcs. Sales fc Stock The following are the figures as sbon In the Manager': Report Production 258 Short Iona Sales 25 e e 8tock at 30th Mow. 4871 Stoek value at 125 per abort ton 583,875 It is anticipated that a firm order for 800 short tons fibre sill shortly be received from Bternlt through Mineral Fibres Ltd* London. fort nrt The estimated cost end selling expenses fer the 4 weeks ?r.ded 28th Deceaber,1954 was 148.69 peer short ton L'.o.fe. Trenantle compared with the Cost to date iron 1st July 1954 of 148.71 per short ton f.o.b. Pronaatli It was resolved that a call of Capital of 1/9 par ahare(vls..17500) be aede on the 200,000 shares numbered ,000,001 to 2,200,000 Inclusive making such shares paid to 5/- per share and that such call be duo and payable at the Registered office of the Company _ as and whan required. The accounts for the half year ended 31st December,195< shoeing a loss of 55869 were tabled end approved. Stoefc of fibre has again been valued on the basis of 126 per abort ton f.o.b Prmsantlo. Chairmen Hhwalm xams*r t.twiwl HSaote* of hsetWg of OlXNUit hold at ffe 1, o'Caoaell stml, Spdasr* aa wo* 16th Frtwnr, 1955, * 9*30 T, Xxssuifr* Dlreetcra* ?*asrs. r.O. Brow (ebalma) K*G Z2bk aad J.*. 21all*. Zb attaadaaeet BJL Orsnusa. Ite JCSartes of tb HMtlBc of Directors hold os 19th Tiii--ry acre ecgflfid aad tipM. jfilM amt The Mnofox's report fear V woks cadad 25th Jaaaery, 1955 ae* tabled* Tbo foUovlaf ears tbs flgeres as show la tbs Mmcor+r Rcporti Production Stow St 25th Aa* Stock Talas at 025 poo abort to* 230 short t< 200 short teas 4,701 short tons 5#7^25. la ardor far 800 short tons Srado 3 flhro has bow rsoaliod fros toanal Fibre* A/o Bteralt aad also aa order for 10 tons Grade 2 fibre to Soelota Itslass. Tbs estimated cost sad selling expenses for tbs * asm ended 25th Jaomrj, aes 152*56 par abort tea f.o.b. ifitb coaptred aith tbs coat for halfjper ibM 31st Dsccaber, 1954 of 157.72 { par abort ton* i Tbs scllinc prlass of twhsra 1 sad 2 Grade fibre cere disseised sad It aaa decided that tba presort prices sbeold ba radoaed froa 150 to 135aad 130 to 220 per Wort ton. Before dolac so it aaa daeldM to ask Mineral Fibre* If they acrid ascertain froa Turner 2 baaall appreartastcly ahat prices It aeold ba accessary to redoes the tec Grades to, to obtain orders froa then. P~At C 0889 MIA -- lo* 1 9Alijrtt 10. om DU--*-- - AC* Bag (Ckian), ;j. nnii, A.C.IUPI U. Bran (llf--tt Dir--t-- f-- Kr.J.UI--r] TM fflmit -- cT tko Xeotiac T Sir--ten bold an 12tfc Ajvll* 19pi ite B--* f-- A V.X. 27tk tfil ms t--1-- ^taXlmim ** ^iv-- u Pn--ttm g-i-- Stock 579 S/Tom 22 261A * So ertrn km Mm noAnd Aim tko toA oT 573 8/Sam is tta --0-- j-- oT 15S Z/Um onr tko lu Sol-- mm l-- doo to look oT AMM spport--Itloo* sUoft--Mlta* op to 1000 tom will M --tpp-- St Is tops--bbo obA soli fJMo tm tbo A 17tk 1--11 am 09.0) p-- Amt too f*s*b* vitk tko oa-- to --to slam 1-- Ti--17 oT 000*52 TM ostia-- pront ftr tka -- ms fl3j5 a-- tko FnMt to dots t--s mu tost a o,ra tm front rimroo -- ty tk tko for Qso--mmt Ms dos-- to 1 tks to tM -- oT 5 por tm vt to f-- Smsm op to a malms oT 6*000 toss fm tko 30k g--It--sr, 19St It la p---- o-- th-- tft~ 11 Timitfi KjSLkl ogfims to a-- jam tks o-- --Ik port--s ottmtlm to PoUmlac tko rlAt oT k--Us tfrio--o to odrla-- hilmktwi to 0--r 7000 torn pm m cT So* 3 f?ImklttiSuL^lTkMkflM^ "* ** Sts--2* 12*000 tom pm amu XssMll o dry a-- --II Mo Aam nopmlty to ps-- 7 aftlllaf* U boomo otrootlm Mp 00*000* Zm 36*OOOtmo pai Mmm ai J--H7* 2997* --ttttoml --7 r-- aill, 00-- 40*000* at 27tk --2 ms <20*130 mA la oddlttm o // ornsToHmmm loam to Iks C*SJU Co* -- ' Ska fallarti 0*2* Jo* 20f -- oT JH21 Cspo--1y - <2J*53B Mr-- firm tko OAJU Go. Ui -- remit* 209- toto HEU iTMitiil WTrm `fTmitM tteteHaf of fflirantna bold at io. 1 Boat S^mW 39** n tfif--In $te fcy * 10. a*n Aam an--tna Nun* JtG* Oaf (Ctelzna)* J*A* nll<> A*6<&9 tad B*E* Brwn (iltuntt aimto* ftr Nr.J.L^atenj Tin minit at tte featl&c of Dlrootara bold on 12th Afrll* 1991 575 V* 23 3a avion ten ten raotdnd Man tte late ntelafs Tte tndnttn at 575 S/Tan la tte ttjtete 7* roondod ui 3aloa ana lav in to ink at ddpplag opportniilao* It la atla&patotetet np to 1000 ton ii&ll te Mdppte Aria* tte ant Tte ntlntal cote to taredno aad soil tlteo tap tte 4 nte ndte vnk iftel an 09^9 par --art tn f*o*b* fwnatla aapn tett tte oate to teto Man Ite 1i--y at 000*92 par tent tn* Tte atelntte profit tor tte pnlte on 0*155 ate tte Profit to date tfcU telf jar la <5232. ite Frotlt flam io ate laateda Ite Wirt ten far Itedml Tteteagaart tea oiteaad ttet tte Canonoaltli Gaaanmt tea doolite to ontat tea opontlna ot tte Conoay te tea ntnt at 9 pn tn at fXhro Hawaii ten Vittnon to Mat ten np to o am at 6,000 teas for tte ,, jaar oadot 30te Mter, 1956* It la j Matte ate tete tte1 Mte la aafite ter 1 yoar oaly* tte terate aln doalite te oatteUte a untten at tetetel nffSna to dggpan nan at tea o--ogr aite putttett atteattn to tninttn nd Mliaiif tte olMt at teoteriU# atCSono to Wttanr aad teMr adteate lutnltai to ortor 7000 ton pn a^n at Jte 5 Onto far tte ant ftn jar% plan ten ten pcyorte at tte alao tn Irrpwtwc tte Bill unity la tn Stefa 1* 1^000 ton pr on ZteteU a day ate ten telmrMa r--n niaaltj >i |i--It 7 day pn vote *o teaon offoetln My 1996* Sattntte root dtO^Ofe Stan * 1M0O t]rnn id^tetedrytetel, tte fink Baloan at 17te iprtl aaa 00,130 aaM la addltln a // telaan at X37*2!tl an n ltn te tea 0*8JU Co* Ite* ' n~i. tte folloalaf 8*4* Ttyalltei aaa ippante Ton 8o 209 * tepnaln at tell Gapaa&ty - CS^IO* iffwlar dan tn tea falloadac pint ten poaateate tote tend ttm tte 044, Go* Ltd te fan te* 209 - Rnt ftr frynteM at wax rftto 0* a io* kU a* 4fc 1 ft oSVmi* dStag for Kr.J.Ul i*o. k*U oa 9th *?, 2594 f ^ V*S* 15th Iter w tteU Ifca faUjaU* era tfca i MUmnfv with tte IH> ta iaia iM> Ut *---r~T -------] ~ <iqwiMi tw litLbik 2955 OnN at tM 15th ft? w t4,SB2 m la tetfltlw a 2U3 at m loam ta tte 0*JL 6o Ut / Tha fallMtac 40. 223310 200 !? r.ux , It w tfaaUai ta pfiha tea plat at / OalMlat Sapr Mladaf 6a* Lti* at aa i Of*000 prialilM tte C-SO. Oa* aa taM* t* 0*704. tWOt Uvte it w ta aall i iBBfflALIlH BIBS ASBESTOS. Mii of Mooting of Directors hold at 'To. 1 yrtnatll Street, Sydnoy on Wednesday 1st August, 1956 at 10 a. a. Present. Olreotor* - Messrs. K.O. Brovn (Chaiman) J.A. iilaslls aad M.G. Slag. Ia attendunee - Messrs. 4.0. Higgs aad H.R. Brennaa. The Minutes of tho Hootlag of Directors hold ea 5th July vora confirmed aad signed. Tho Manager's Report for 4 V.E. 10th July vas tabled. Contents of this report indodos- ?ro*otlna Sales & Stm ProdootloB Salas 5to* 10th July, 1956, Mar. l?ft> 605 S/Toas 622 1596 Coat St Selling Paoennna. The estlaated cost to prodaso aad soil flbro for tho 2 vrcks dod 26th JUao vas 79.41 per short too aad for tho 2 vecks ended 10th July vas 93.07 per short tw. Tho eetlaatsd cost par short ton for tho 6 aosths oadod 30th June, 1956 vas 94.99 par short ton. The eotlaatod profit for tho 4 weeks vas 12536, Orders. A Contrast for tho sals of 5 S/Tons Grade 2 flbro for shlpaont to Etemlt Genoa, hao boon signed since tho last aeet&ag and an order resolved for SO abort tons Grad# 3 flbro fron Goliath Portland Csaost Co. Bank Bolin*.. The Bank Balance at tho 10th July vao 34,392 aad In additloa an aaoant of 82^038 vao oa loon to tho C.S.B. Co. Ltd. flllgJEaiiE 4dMB6ft> Tho Aeoounts for tho half year ended 30th Juno, 1956 showing a not profit of 99,297 wore tabled and approved. Tho not lesa for tho year ended 30th June, 1956 vas 15,388. Gvomoaa Visit- Tho Chalmas stated that Mr. C.H. Broadhnrst would bo leaving Perth to-day for Japan, Thailand, Malaya, Sian and Indonesia oa an 18 day visit to pronoto salsa. Chatman. C 0892 irajpflTil 9IiI ASBfflTCS. Minutes of th*B**rtiag of Direotnrs hold at Ho.l O'Connell Sttaat *rdny * Mdij 31at Angoat, 1956 at 4 Present* Mlmrfcf** Hyyg^ tedoeoe 4fiS9hl Btttiaa AnUt Direotors " Messrs. I.0.Brown (Chaimaa) J.l*fiaalie aod H.G.Iing. In attwrianae - D.fcSharp*. The Minutes of tbs Mooting of Director* held cn 1st Angoat w* oorflrasd and signed. The Menagerie Report for 4 V.3. 7th Angeurt, 1956 van tabled* Content* of this report Irelode* - PwMtoatlMi Sal> a StMka. Prodoetlcn 655 3/tan* Sals* 731 * Stack at ol***S2S 10th /nly (605) (622) (1596) ^ estlmted coat ta produa* and sell fibre for the four weeks ended 7th Iwgut was 096.24 per abort ten f.ob* fyantls acnparod with tho aost to data sine* 1st July 1956 of 95*22 per short ton. Th* eotlnatod profit for tho 4 weeks was 6905 and tho profit to date thi* tnlf year is 12*839* StfljfcJBAlMtts A* Bank Pelswne at th* 7th Aagaat va* 29*996 and in addition an ansant of 96*466 was on loan to tho C.S.B. Ce Ltd* Bo order* war* received during th* period. It *a* propoood to hold the Aanaal General HtrMwf on Wednesday tho 26th Septenber and that th* Secretary i*i--Id notify shareholder* aaoerdlngly* Papnoat to teiy 6 Many for Audit Foe* far th* / year dd 30U June 1956 totalling 665*20.6. ' mm approved for payaont. It va* rsaolved that th* following **y<t*i ocpend!tore be approve tT*i*Ptnria* 213* Plant Srtonaloaa ?.l*fo Me* 21U Wat Imeii 5^4* Grad* fibre eai-ati. ^ 6,000* Mr* Brdbl*ripert <n hi* raeent viait to Japan and t*hm teatarn eoantri** wa* dlaonaaed* mr*** blm imam. jqgates of XseAlag cf Otraetera bald at 8ol O'Oorall StrNtf Sydafr on Vedaaaday 26th 1996 *9 10 ii )gggu6 liiafiBnttteli PlfOtOTB Mmrt X.O.BroM (Ohalrvaa) M*0King and ;.4QiaU la aitvwitnfte X*s*r*. l.C. Riggs nd H.R# Brima* Tha Kisatss of tha Muting of Ettrantars bald on 31ft ingest vm sCRflraed tad 3m ItaMv's Report for 4 V.l. 4th Septtebv 1996 u tabled* Saateata of this wport inslades fiBfttfttfBjiliSJLftflflfcfe Prodootloo 3/Taoe 714 SUM 11 909 3 took at elMo * 1796 I 4 .*. ) 7th logost) fiMl ITli foiling ftWBHta A* estimated asst to prodoso and aall fibre for the four inti aded 4th 8apt ayher 1996 vae tthtt par ahart too f*o*h* fravaatle aiagiarart with tha aaat to data daoe lat Jaly 1996 af 391*64 par Miart tea* iha eatiaatad profit for tha 4 voaks waa <11914 art ta data thia half year ia 23759* 3m fle--caiaaalth art 3tata fiarawwt anhaidtea totalling 20 par too ara laslndod on 993 taoa only for thia par&ad aa this cpaotltf esflatee tha taoaaga of 6000 taa oa whlah OoraroMot aobaldlaa ara payable* fonUftlfBftfc Bm Credit Balance at tha 4th 3 ft Mini vaa 14700 and la addition aa mat of 39979 toe aa loam to the C*3.&* CsLtd lo orders vara received daring the periaA* lbs Release fcaat aad Profit aad Laos forth* jrosr dd 90th Ma 1996 tagathar with tha Artlters Bepert tharaao aad tha Rtmtora* Report vara tables and applied tha Balaaaa (hast aad Mreetora* Report Moad* Bm following 9*4*bpnditare saa approved** 0.1.form Xo, 219* tea 30s vida Ifrooghod halt eenrmr for Colonial Sorgo 3960* imniiLm BUB J3B*. Mlntea at --llTif of Nnrtn hold et lo* 1 O'Cauall Stmt* ajdaw ao tfadaoaday 24th OBtabar 1996 ot 10 mu Pmti Diractora Maaars* 1.0. Bren (tal2a) J.A* ImIU and H.a. Bnwb (ollarnate Dimter far Mr* J*UZaokcr)| Xa ettaodanoa Mr* 1*0* Hlge She Mtsstee of the Ketia* of Dtreetore and of the Anneal Gnl Keating bold an 26th Saptnbar 1996* vara oonflnod and alroad* The Maaecwe report for 1 V.K. 2ad October 1996 m Ccntoots of thle report laoladoe - Prodnattoo Soloo 3took t oloeo U'ii S/toao 790 2037 1490 The ootmtod to prodoes ood toll fibre for the foer veeke ended 2nd October 1996* ns <847 per abort too f.o*b* fwaatie a--ponid vttb tbs oatlaotod east to dote elaeo let Jely 1996 of 814) par abort too* The stinted profit far tbs few veeks ns <22*645 tad to dote this bolf year Q$)8* |u|J|]n|i The eredlt Bolsoee at tbs 2ed October ns 13*909 and U addltioo aa laimat af 007*999 on Ion to the C.S.A. Co* Ltd* Siaeo the lost Mooting ardore totalling 619 5/tooe Credo XZX fbra hero boon accepted laoludl&g 600 tooe for Sooleto Caoautlfero Italics* for dellvary la 1997* Cholnaa* itoi.Tac yam iflMTOS. Minutes ef Meeting of Directors hold at Vo. l O'Connell Stmt* Sydney* on Tuesday* 20th HOveaber* at 10.65 a.n* pywMwtt Dlmtom Nliin* K*0*Brovn (Chairun) M.G.Iing tad H.R .Brennan (Alternate director for Mr* J*L*?uekcr)* la attendances Mr* RJL.Yarden* Tho Minates of tho Directors Meeting hold oa 24th Oetobor vere eonflmed aad slcaod* Tho Kansger*s Report for 4 w,E. 30th Oetobor* 1956 vaa tabled* Pntuttm sum it 8tw> Production 3/Tons 816 Saloo * 694 3took at elooo * 1632 > tf*Eitfed ) 2ad Oetobor) Qrdoros Moth Oetobor vaa 81*10 per short tea fo*b* FicuaiHls oenpared vlth tho eetlaatod coat to date slate let July 1956* of 86*88 nor abort tea* The oatlaatod nroflt for the rear reeks vaa 13791 aad to dato thla half year <*9*189. ga|a* Zt vaa noted that the State Housing Cen niaslam hare advised that all Souse Rente are to be Increased to 2*15*0 per veek and It vaa agreed the Manager should protest against tho Increase* Since the last Meeting orders totalling 9029 8/Tons have been accepted.including 8000 tone for delivery in 1957 to Johns Maavllle Corporatlcau Approval vaa given for Mr* A,Mackintosh to be/ appointed as alternate Director for Mr* C*H* Breedhnret* C 0896 a*** AnsTWAUAg mm mmtm. xtntos of Mooting of Dmotors bold at 80.10'Caanll stmt* Sydnar -- foaadar 18th Dm--tsr at 10.30 a.a. Nassrs. 8.0.8-- (Chalr--n) M0.Xlng* ?AJS2b811i XAgimdanaat H*R.Bronnan. Tha Kimtat of tha Mooting of Dmotors hald -- tha 20th 8o--abaft 195* -- oonflmd and si--ad. Tha Hangar's Raport for 4 v.B. 27th So--nbor. y tablad. Production Sdan A 8tach Ji. ^Oth Oct-1 Prodootion s/Tobo Salaa " 3took at oloso " 821 224 2226 Toa oatiaatoo cost to for tha V --oka aadod 27th r --a 87.86 par abort tono ff..oo..bb. TTa--alia --,--Jd with tbo aatlaatad coat to data s 1st Joly 1956 of 94.12 par short too. Tha aatlaatad Profit for tha 4 --aka vaa 8319 aad to data this half joar 57*505. 8iaaa tha laat noting ordars totalling 2700 8/Ten Orada 3 inoioding 3.000 abort tons for Btavatt* Ztalr and 1 ton eaia of dvado 1x2 ha-- boon ratal--d for doll--rjr in 1957. Ordars for doll-- in 1957 a-- total 12*344 8/Ton. Tbo follovlnc CAExptndltnro was appro--di Po-- 80.216 8aosad Bon--lag 8eroan 50.217 mil Otago 2 80.218 Modification of Change Boost 80.219 Driving gear for Blowers 7^ 8*220 Dost Control R--Inant 80^21 A-- Voiding rftoMna tv