J. M. & M. S. shinnisa OGDEN, UTAH John Val Browning Val A. Browning — Rene Laloux, Directeur Fabrique Nationale Herstale-LezeLiege, Dear Mr. our Adjoint Guerre last find your 1950. sales report meeting, the problems Board pistol were taken able to find good tne de Laloux: Attached please as of April 30, At Generale dtArmes Belgium 1960 10, May Browning Ae Me. first and up in detail; and I reasons in favor of most serious obstacle on automatics of selling and the Superposed 9 millimeter sincerely regret that no our handling this iten. is the matter of price one was with relation to our competitors’ pistols; namely, the Colt 45 automatic and especially the Colt Super 38 atitomatic. Both of these pistols wholesale at $52.87 and retail at $65.00 giving the dealer $12.13 (18.66 per net to in the us whieh I deduced from Spring of 1943 involves cent off). The quoted price on the 9 millimeter was $32.00 the information applying to this pistol a discount of 21 per cent off the price at which the pistols sell on the foreign market. Gn the basis of this assumption, the foreign market value or the dutiable value would be approximately @40.50. The price structure would then be as follows: Factory Diseount 21% Net Factory Dutiable Value Duty Duty Paid Cost It is apparent overhead compete with Whereas we the that item purpose with cost not at $57.78, it would be fine pistol which is that the 9 millimeter it was designed, already a very all for feel which our $40.50 6.50 32,00 40.50 25.78 $7.73 landed we attractive to the American pistol shooter already has proven itself to be extremely for target and sporting including an selling freight unreasonable and thing wholesale at pistol is a fine pistol do feel that it not to 952.57. is fe as as the Colt Super 35 which welleknown and well-accepted use. Although the above does not attempt to go into the greatest detail, it is a brief resume of the opinions of everyone present at the meeting. Sincere MBB/eo/aw Air Mail regards, M. Bigelow Browning Vice President