september 4, 1948 Browning Arms Company First Security Bank Building Ogden, Utah Attention: Val A. Browning, President Gentlemen: “+ On July 9, we made the firm commitment purchase a eked wun of 15,000 Browning On July 19, we place d specifications 15,009 referred to above. In we aceordance request of to Fabrique Automatics for with our policy expressed you advance payment of 20 the Nationale at first the to present 5,000 of in our letter of per cent on this prices. these April order 5, 1948, for 15,000 Browning Automatic Shotguns. This payment is derived from our selling price to you of the standard and lightweight Browning Automatie Shotguns without ribs or accessories. Since specifications are placed only for 5,000 of the total of 15,000, we are basing the advance for the 15,000 guns upon the ratio of Lightweight and Browning Autonatie Shotguns as specified in the first 00 Standard 18 Lightweig rht @ 63.47 Fd @) Vk $215,798.00 There my OOD » « 126 per cent aon 114.832.00 933 0,630.00 £ ag 66.126 20 standard 5,000. 6¢ of Total = te $198,378.00 We are now obtaining deliveries against our order for 4,000 Browning superposed Shotguns. With problems of development and production now overeome and your supply assured, we shail appreciate having the advance payment of 20 per cent on our selling price as detailed below. 2,180 HMR @ 118.42 » 22820 20 Vent. @ LAD, 93 $253,155.60 = 225,552.60 4,000 $183,708.20 20 tt per > cent Te 4 otal A dvance of Total = $ 2. 96,741.64 co ff $295,119.64