Herstalelez-Liege, Mr. JeMe Dear Daddys 20, 1925, a communication from Browning, We Office, license May have asking under what termswe would to manufacture our pistol. paid a royalty of for themselves, 5% there of the will cede to the French the French Government War the Our agreement with i, N. is that we shall be wholesale price, but if the French manufacture be no price on which to base the royalty. I am Writing you before having thought about it very much myself, because the news just came and I wanted to let you know as soon as possible so as to cet your views right awaye I will have to make a decision pretty quick, It seems to me on first thought that a royalty of between one and two francs sold is about all we can hope to get. There will have to be seme sort of a division between fF, N. and ourselves, and I am wondering if you would consider a 60 to us and 40 to F. N. basis as fair, We cannot hope for more and maybe our pistol by F. Ne will the French hold out for It is a question how much the adoption of Government will be worthto us in advertisment, and whether it would be a good thing hopes of selling more to otners. We the Belgian, that is 131 5050, to give have mm barrel it to presented 15 round them the magazine, for very little in same model pistol as but without the folding stock, because the Belgians looked favorably on that model and we If the Prench manufactwanted them the same for manufacturing purposes. two models should be the why reason any longer no is there themselves ure lighter, more compact a prefer would French the that sure am I and the same I told Joassart | to be sure a smaller pistol if they prefer. (having in mind the pistol. I to would like Terms. With love, VAL we on them that barrel and lo to your views impress shorter get round could provide mgazine } about our