September 30, 1935. the Government men. In other The Arms words, the same period Company, however, tied 1940 i2, July Moyle G. Walter Mr. for Memorandum as was covered by each month's sales into the general records of the company, balancing out and retaining by months in their files a record in detail of all sales during the period. It is believed that this record, which can be supported, can be relied as The figures Government than the report have accurate more being upon dif- a is There report. ference of $13,155.00 between the two, the Government report shows $958,740.93 whereas the Browning Arms Company compilation was $945,585.93. flecting shown data in this on the (5) pending excise MEMORANDUM been tax used in our computations re~ case. REFLECTING DATA TAX CASE ON PENDING EXCISE This copy of a ing excise tax case, which believe self explanatory. memorandum reflecting the data on the pendincludes interest to June 30, 1939, is, we Another years interest should be added to this up statement to bring it to It will be observed with sales made from connection date. that if we were entirely successful in the inventory that a refund of $83,315.48, Also if we during the including interest, would be made. the difference in tax basis allowed "B" 4% will be considered tax suit during the These figures to observed that exempt but we period, if the sales were allowed but inaccurate successful in having period we would item Under $91,935.89. from the inventory were not the "Remington-Savage basis" of $28,819.41 refund a total slightly be may of or a total $8,620.41, of a refund receive were suit in the would be made. be should main close actual. (6) MBMORANDUM REFLECTING DATA ON PENDING TAX SUIT-PERIOD 1, 1935 TO APRIL OCTOBER EXCISE 30, 1939 We are also furnishing a memorandum reflecting data for Another the post suit period, October 1, 1935 to April 30, 1939. It years interest, of course, would be added to these figures also. will be observed that as of this date an adjustment of approximately $35,000.00 would be made in the reserve account, if we were success- ful in having the Remington-Savage jobbing price applied to Browning This figure would be increased possibly $5,000.00 or more for gales. This figure, of course, does the period from April 30, 1939 to date. not include amounts arms, Interest interest. to approximately was the latter tion. to accrued (7) SBLLING AND COST PRICES This statement, requested part of by May 31, 1940 upon this tax $8,000.00. Mr. reflecting Eckstrand September 1939 and OF FIREARMS-YBAR_ 1939 selling during is and cost a conference furnished for price of fire- in Washington your informa-