Memorandum for Mr. September 30, 1935. In other words, ‘the Government men. The Arms Company, Walter G. Moyle July the same period however, tied into the general records of the company, months in their files a record in detail It is believed upon as ference that being of more this record, accurate $13,155.00 which than between the the was 1940 covered each month's by sales balancing out and retaining by of all sales during the period, can be Government two, as 12, the supported, can report. There Government be report relied is a dif- shows $958,740.93 whereas the Browning Arms Company compilation was $945,585.93. The figures shown in this report have been used in our computations re- flecting data on the pending excise tax case, (5) MEMORANDUM REFLECTING DATA TAX CASE This copy of a ing excise tax case, which believe self explanatory. this statement to bring it ON PENDING EXCISE memorandum reflecting the data on the pendincludes interestto June 30, 1939, is, we Another years interest should be added to up to date. It will be observed that if we were entirely successful in connection with sales made from the inventory that a refund of $83,315.48, including interest, would be made. Also if we were successful in having the difference in tax basis allowed during the suit period we would receive a refund "B" it will be considered tax during the These figures to of $8,620.41, observed that exempt but we suit period, may be or a total of if the sales were allowed a total slightly refund inaccurate $91,935.89. Under item from the inventory were not the "Remington-Savage basis” of $28,819.41 but in the would main be made. should be close actual. (6) MEMORANDUM REFLECTING DATA ON PENDING EXCISE TAX SUIT~PERIOD OCTOBER 1, 1935 TO APRIL 30, 1939 We are also furnishing a memorandum reflecting data for the post suit period, October 1, 1935 to April 30, 1939. Another years interest, of course, would be added to these figures also. It 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 Sales. This figure would the period from April 30, not include amounts interest. to approximately (7) SELLING be increased possibly $5,000.00 or more for 1939 to date. This figure, of course, does Interest accrued $8,000.00. AND COST PRICES to May 31, 1940 OF FIREARMS-YEAR upon this tax 1939 This statement, reflecting selling and cost price of firearms, was requested by Mr. Eckstrand during a conference in Washington the latter part of September 1939 and is furnished for your information.