Browning PEGERATS Co. | ! any protest at that time against that method as we do not find a reply in our files, we accepted that method of being paid the not recall having received of crediting royalties and conclude that your company satisfactory and In our September letter of 10th, we agreement. the with accordance in as royalties 10-30-25, expressed a desire to settle the matter of additional royalties on the Model 11 gun without and intimated that we would be willing to resorting to litigation, accept your suggestion of submitting the question to arbitration if efforts to reach an agreement between ourselves should fail. However, even if we should present our case to a board of considerable expense would be involved and a great deal arbitrators, -of time of both parties would be expended in the preparation and presentation of statements and arguments supporting their respective views on the questions involved. While the expense would be less than in a regular court action, yet we would very much prefer to make liberal concession rather than to spend the necessary time and incur the cost of presenting the matter to arbitrators. No one can tell beforehand we feel what very the decision confident of that we the arbitrators would be, win, must admit would yet we and a although frankly and if If this should happen, that the decision might go against us. you should be awarded royalties on all the guns manufactured and sold it would then be necessary prior to the expiration of the contract, to check each gun through our records in order to ascertain the amount of royalties to be paid on that particular gun, as the royalties changed from year you at to the year. rate At of the $4.44 time per the gun, contract but for expired, a large we part of were paying the time the The royalties were considerably less than that amount. records of each gun in order to ascertain the amount of checking of the royalties due would time of involve considerable additional expense, loss of and delay settlement. For the . which may yet be proposition. royalties purpose due you of on settling promptly the Model 11 gun, Our auditor's report shows that have not been paid include the Guns Guns Guns in we full for all royalties submit the following the 1511 guns following: on which on hand at expiration of contract given away sent on consignment and not sold sold on which been paid royalties have 854 141 099 not ey se 1511 been check rate paid, for in About the item there can be royalties effect at the of no on that time 137 guns question number the sola but on Which royalties have and we are ready to send you our of contract guns at the expired, rate of $4.44 amounting to each, $608.28. not the