Lead Industries Association, Inc. 292 Madison Avenue • New York, N. Y. 10017 • Telephone: (212) 679-6020 Industry Development Committee Meeting Minutes New York, N.Y. November 13„ 1969 A meaning of the Industry Development Committee of the Lead Industries Association, Inc, was held on November 13, 1969 in the offices of the AssociationPresent Representing J, S. Smart, Jr. Chairman E. V. Frawley American Smelting & Refining Co, Amax Lead & Zinc Div., American Metal Climax, Inc. Asarco Mexicana, S.A. Anaccnda Sales Co. The Broken Hill Assoc. Smelters Pty. Ltd. {C.Tennant Sons & Co., Inc.) The Bunker Hill Co. Ccminco Ltd. Penarroya (Intsel Corp.) St. Joseph Lead Co. Tsumeb Corp. Ltd. (Ametalco Inc.) U. S. Smelting Refining & Mining Co. Lett L. Taylor J Veenis W . Zeek W. Arthur Ash Otto Eauer M. Eonynge V. E. Dorman R. W. Conley Guests £imon D. Strauss J. Graham F. V. Higgins Russell Wallace Schrade F. Radtke American Smelting & Refining Co. Bishopric & Lieberman Inc. ib n Homestake Mining Co. ILZRO Staff J. D. C. E. J. J. L. M. A. D. C= F. Kimberley Borcina Baker Martin Roumas Smith Executive Vice President Secretary-Treasurer The Chairman called the meeting to order at 9;35 A.M. The Secretary reported that a quorum was present. LI AC 17 75 Industry Development Committee Meeting Minutes 2- November 13, - 1969 The minutes of the meeting of October 25, 1968 were approved. 1970 Budget The Executive Vice President stated that the proposed 1970 budget as sent to members on October 28, 1969 had his full approval and called particular attention to the. proposed $200,000 for 1970 Health and Safety activities which need not be entirely assessed in 1970, depending on the approved budget. He pointed out that the $200,000 raised in 1967 had been expended and as a matter of fact this fund would show a deficit of approximately $15,000 at year-end. The Chairman pointed out that the funding of the Health and Safety activities was from all members and that a final decision will be made by the Board of Directors. He did request however, that this Committee consider the program and make whatever recommendations it desires The Chairman then stated that it was in order to review the pro­ posed 1970 promotional budget and requested the Secretary to present the details. The Secretary reported that the proposed 1970 Administrative and Promotion budget totalled $895,460 plus $200,000 for Health and Safety and then reviewed the various parts of the budget in detail. The Chairman then opened the meeting for discussion and it was the consensus that the 1970 Advertising and Promotion budget be reduced by $59,500 with suggested reductions in the following programs? Original Proposal I.D.C. Suggestions Architectural & Construction Cable Pigments & Chemicals Other Product Prom. & Design Battery Powered Golf Cars $ 84,360 24,500 26,600 56,600 5,000 $ 64,360 7,500 19,100 46,600 Total $197,060 $137,560 Reduction $59,500 I-JAC 1776 industry Development Committee Meeting Minutes -3- November 13, 1969 It was agreed that the reductions will be made by the staff in consultation with its agency in a manner calculated to be least disturb­ ing to the overall program. The Secretary then reported that taking into account the reduc­ tions suggested, the 1970 Administrative and Promotional budget totals $835,960 requiring a rate per ton from pig lead sellers of approximately $1,08, A motion was then made, seconded and unanimously carried to recom­ mend the adoption of the proposed 1970 budget and rates per ton as per Exhibit r A" attached. Health and Safety Public Relations Program The Secretary briefly reviewed the status of the Health and Safety Public Relations Program and pointed out that the Health and Safety Public Relations Committee .’of the Board of Directors would be meeting prior to the Board meeting at which time their recommendations would be prepared for presentation to the Board. The Chairman thereupon asked for an expression of opinion as to the continuance of the program. It was unanimously agreed that the program be continued and that a fund of at least $100,000. be recommended. There being no further business the meeting adjourned at 2%50 P.M. Sincerely, DMB:so Atts Exhibit "A" o Secretary, Treasurer LI*C1777 Exhibit "A" Industry Development Committee Meeting November 13 r 1969 Table I A - Gross Budget, Income Expend.itur °s - Balances i960 - 1969 Income I960 1961 1962 1963 196^ 1969 1966 1967 1968 1969(6St) Approved Budget as sessmenrs Other Total Expenditures Operating Reserves Year-end $371jo 569,35C 46l,000 485 ,129 62?. 7CO 699.162 6?6vb90 913>7(X) 6p 1,909 924.673 $ 37 .96 j 3^-0,3U 3 4 71..960 59I Pup 913.^69 6t 3 ,