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January 16, 1942 79 A regular meeting of the Board of Directors of P. Lorillard! Company was helditoday at the office of the Company, 119 West 40th Street, New York City. Oaimotion duly madeiand seconded, the reading of' the minutes of' the previous meeting, was dispensed with. Buford Scott. Todd Wool . unanimously There were present Messrs.: G. H. Hummel. G. W. J. J. J. J. D. J. J. S. T. A. Whitefi!el'd. Halley Drisco]ll Freeman Keel Glascock On motion of Mr. Driscol:l,, seconded by Mr. Whitefield, it was RESOLQED: That (in lieu of closing the Stock Transfer Books)'13 P'.M.. Tuesday, February ]10,, 1942, be and' the same hereby is fixed' as a record date for the determinati'~on of -taie Stockholders of the Company entitled to notice of and to. vote at the Aunue.l Meeting of the Stockholders to be held March 10, 1942. FURTHER RESOLYED: That onl.y Stockholders of record at 3' P.M'. on February 10, 1942 sshall be entitled to such notice of and to eote at such Annual. Meeting, notwithstanding any transfer of any stock on the books ofthe Company after said record date. On motion of Mr. Halley, seconded by Mr. Freemany it was unanimously RFSOLQED: That Messrs. E. C. Hunter and A. R3lefner (neither of them being a director nor alcandidate for that office) be and they hereby are appoiinted! to act as Inspectors of Election for the election of Directors at the Annual Meet- ing of the Stockholders of this Company to be held on March 10,,1942. The Secretary stated to the meeting,that under the regulations issued by the Securities and Exchange Commission alproxqr statement is required to accom- pany the notice and proxy for the annual meeting, of the stockholders and thereupon. read to the meeting drafts of notice of the annual meeting of stockholders to be held March 10, 1942, pproxy statement and proxy. Ot:, motion of Mrr. Whitefield, seconded by Mr. Halley, it was, unanimously RESOLVED: That the drafts of the notice of the annual meeting of stockholders, to, be! he1& March 10',, 194:2',proxq,y and! proxy statement (subject tosucho changes in said drafts, if any, as may be deemed' necessary or advisable by counsel in order to comply with the law and regu3lat3.ons) which have been presented and . read to~this meeting, be!and the same hereby arein:all respectsapprovediand! adopted as the Acts of this Board!and the Secretary is hereby ordered to have the same duly printed and mai]ledito the stockholders in accordance with the require- ments of law and to have copies thereof when printed annexed to_these minutes as a part hereof. 88111874 On mot3~;onlof Mr. Freeman, seconded by Mr. DriscoU, it was unanimous7.y RESOLVED: That as a matter of convenience the annual statement shall be mailed to the stockholders along with the notice, proxy statement andiproxy if prepared in time for such mailing. l

sa On motion du]ly made and seconded, the meeting adj'ourned'. Secretary' I On motion of Mr. Driscoll, seconded by Mr. Eeel,, the following advertising expenditures were in all respects approved, rat~~iified,, and con- firmed: Estimate Nb. 4 Supplemental of Lennen & Mitchell Ilnc., dated December 31,. 1941, covering radio advertising of UNION LEADER and BEECH-NUT Tobacco ovrer Station WGY„ Schenectady, N.Y., January 5 through April 4, 1942„ at a cost of $910'. Estimate No. 51 Supplementary A of J. Walter Thompson Company dated! January 5, 19a,.2', covering additional cost of $1,402.74 for advertising OLD GOLD Cigar- ettes in New Yorker Magazine during 1942. Estimate No. 68' of J. Walter Thompson Company dated January 6„ 1942, cover- ing radio publicity campaign for the Old Gold Variety Network Show, January 1 through April 1, 1942, at a cost of'$2,275« Estimate No. 42 of Louis Ifra.m Inc. dated January 13, 1942, covering adver- tising of'OLD GOLD Cigarettes in foreign language newspapers therein set out, January 18' through March 28,, 1942, at a cost of $12,988.60. unanimously On motion of Mr. Scott, seconded by Mr. Freeman, it was RESOLVED: That this Company contribute to the Red Cross War Fund the sum of Three Thousand Dollars ($3,000). (