Wr. J. Gates Yliliame Qstober inasmuch Browning Company ae between ing to the years the reports of do not show a segregation of In Surplus* and statements reflecting “Paid letter this conciled ae 1936 to 1942, with Aevenue Ye also holders 1942, of the which J. & &. the & Browning same to the a ae for the HM. &. Browning Company hae not is attach~ for been to the re~ if&e. stock- December years hereby to ite 5 it are of at 1943. & wm. prior iist i, M. & account, have years October salaries 1943 information Company officers' M. we figures herewith of 8 Company 1936 ji, to furnished. paid salaries officers for preparing and expect to week, a report showing the history to Federai and State 1942, The any of the question. We ing furnishing ¢. surplus this for liet Bar to you reports the Surplus", These & the in are @. "“Sarned inclusive. Agents remained for years J. audit 9, early are next date interests, them, voluntary income and relative expenses the for 1942, year ness that is data which we which your Board will wish to date will be your All ef for Monday, thie renegotiable is think October and to in for mailing of the Srown- taxes paid by segregation of A broken down non-renegotiable, pertinent ready etc. made, reductions royalty have together with questions involved, will also be pricr to the Se BROWNING Cin the consider, hands busi- between as and furnished. meeting set 16th. Very J. He truiy < & Me wv (Hoe) Rie & ie yours, hom errs Uw. A. Browning, Fe RY other COMPANY Pars Vice-President.