Mr. James P. 4, 1944 Huxley, Byron Hume, %Z Wilkinson, First Dear August & Knight, National Bank Building, Chicago, Illinois. Jim: You will be interested in knowing that today we received the royalty statement from Colt's covering the second quarter of the year 1944, or the period frem April 1, to June 30, 1944. Advice has also been received from the Chase National Bank in New York City that the funds were deposited there, as provided for in the agreement, on July 31, 1944. We discussed the question in Chicago as to whether or not Colt's had in mind delaying this statement by asking for a conference to discuss matters of interest to Colt's and Brownings. While estimate tion any where ments covering given .50 for the statement furnished given to us by Colt's on April us by upon guns Colt's it that they manufactured for the does not reach lyth, there is no indica- the have attempted to exclude payafter May 10, 1944. The estimate second quarter showed 19,882 Caliber guns at $10.00, or $198,820.00, the actual amounts paid are 12,482 guns, or $124,820.00, a difference of $74,000.00. ment soon helps to be It seems to us that the furnishing of this stateus a little in looking forward to our conference held with Mr. Anthony and Mr. Teller. You have no doubt received Herrstrom the pistol contracts Colonel contracts, and to Louis the them St. and get let us hope Price this that he Adjustment matter behind and and forwarded on to the royalty reduction will soon furnish Board so we may meet 28th, you will-recall us. On that July his opinion with that Gates Williams phoned that Washington had promised their report to him within a week or ten days and that he wanted us to arrange to meet with them in St. Louis some time after the 15th of August. information Inasmuch it would as Washington have requested look as though we can expect of possibly a week, granting quests for additional data. that our meeting will not be the 20th of August. that we do Based upon held until If from you do not hear this additional a further delay not receive further rethis conclusion it appears possibly some time after Gates Williams by the 15th