Document k9X49jwpjXxG2zk9MjkRZjBnO

Philadelphia. Pa. July 21, 194? At * regular abating of the Directors of John ? Lavie A Bros* Company, held this day *4 thoir offices in the Widensr Building, there were present* 3* F* Beerss. Vice president and Treasurer A* It* Wilson, Vice President M. S Merritt, secretary i 1. Beale, Director 0* A. watts. Director The meeting was called to order by Mr* 3* 7* Reeves who presldod, and Mr# M. H. Merritt reported the minutes of the meeting* The minutes of the mooting of June 30 were read and approwed* Mr* Reeyes submitted the following operating figures for the month of June 1946 and 194? and for the fust sin months of 1946 and 1947* In the case of the figures for 1947 the normal stock system has been eliminated* June 1946 - Profit 14,603*42 First 6 months 1946 Profit $35,056*03 Juno 1947 - Profit 27,261*62 First 6 months 1947 Profit 375,662*2? There warn considerable discussion of suggested changes for the nemo of thio branch, but nothing definite woo decided, ponding a further lnvestiga* ti OB* 1 The report of deliveries for the week ending July It woo submitted. It was reputed that the following applications for CAR*s had baan approved* CAR 5624 * $13,617*00 Ribbon blonder and conveyor for HIM and 30w oxides. CAR 5625 - $4,275*00 Throe sored solder wire drawing machinea * Metals CAR 5246 * Additional expenditure of $10,603,00 45X semi-works plant CAR 4492 - Additional expenditure of $5,500,00 Oil refinery. There being no further business, upon motion the meeting adjourned. Uorris H. Merritt, seerotary NL 000040752