Document q03Nk6qRNMeGO4Y9wpo6ZobE

car Cleveland, Ohio d at e July 29, 1953 FOR All Director# subj ec t Matters cm Which Director* and/or Rvecwtlrs Comtttsa Action Ms been Taken sand on Which other Action la Ponding ANSWERING LETTER OR Z' 1. Amendment of Rlpolln Agreement (23) - Male revisions of the Rlpolin agreement prevloatsTy pr^oos<rS have rvcv Been indefinitely deferred. An arrangement under which the Ccmpeny will Mvomfeeture end distribute a line of pleasure hoot finishes under the Rlpoltn tradenmrX In the W.B. and Canada has, however, been discussed with Mr. rayan end proposed in a letter of agreement signed by Hr. A. D, Duncan. We are swatting Rlpolin's acceptance. 2. Western States Lacquer Corporation (2) - A revised draft of the form of agreement authorised by the'wxocutive Comlttee April 7 covering purchase of Western's bate color formulas for flnlnhsd automobile lacTjuers was submitted to Western, who again declined to execute it pending further revision of several minor provi sion*. These revision* arc In the process of preparation end the agreement will be resubmitted to Western within the next few days. 3. W. R, Oraoa It Co. - Fxecution of agreements approved by the Executive Cowal.ttee Tasini 17/195A with W. R. Oraoe A Co.'s subsidiaries In Fijjuedor Is Still sveitlug Grace's acceptance of certain ajnarvkssnta proposed by Olldden International. Rrfiotletlons are also still pending on nlmllar RTwodoent* In agreemsnte with Grace's subsidiaries in Colombia, reru end Chile. 1. Iohlhara Songyo Kalsha, Ltd. (l) - Supplementary technological assistance end trnSwmurt~IIcense ~arpre<wTts with Ishlhnm and lta subsidiary, BeXlsan Kahn Kcleha, Ltd., are being prepared following negotiations with Mr. Koyam as reported to the Executive romslttee on Jhne lo. CHCH1GA.L8-PIQHE7TIR-MCTAL PirifllOW 1. Scranton Plant - The Scranton properties of the Fuston lead Division were trans ferred on June 9 to Dumcmt-Airplane A Marine Instruments, Inc. In accordance with arrangements reported at the May 29 Directors Meeting. Dumont, however, has defaulted In Its payment obligations under Its agreement and negotiations are new pending through which It is hoped the peymente called for by the agreement will ultimately be received. Although definite collection risks are Involved In seeking enforcement of the agreement, our position under the present contract appears to he definitely preferable to reversing the purchase and sale, a* pro posed last week hy Dumont's new management. FOOD D1V1510H 1. Proposed Sale of BorwalX Plant (1.3) - Wo purrtoa* offsr has been received. ?. Proposed Sale of Elmhurst Property (11.) - The ngreeumnt approved hy the 'Jvecutire GL D009907 A* n<*iiv? Mattara -2 - JUly 20, 1950 my ?0 ro^rinr th> *aln of tha plant for $1,100,000 to tha 3f-H 3?t-h AvniK' Ccrporntlon M*; ba*n axwnvtrd and tha Company ha* raoaivad a daponit of $110,000. th* t-arrw of tha a&rasrwnt, transfnr of tit-la vlll. ormr August. 1, with paywnt of $W*,000 also Aua that data. PKFMIHOI DIY13.10W 1 Chfia. Pfltor & Song Co. (l) - Magotiatirns for tha sal* of tha Company's starold buainass as authorTrad hy t,hs Kxacutiva Ccamittaa JAma 18 art* at! 11 In prograss. Anrewiiants baa 1 willy in seeordanea vlth ths armrvgamants author1sad by tha Cr**i1tt*a vara pri^r-rad by VTirar, ravlsad in savarsl minor respaets by Mr. Camay and hav# now baan raaubnlttad to TfJrar. ]?T>n. >-,<? R. D. Homar (Tha in parent h'-i*n <n r>TMb-r of ormsaoutivo ronths item has boan pending.) GLDC09908