January Jell, Browning Ogden, Utah, 23, 1928 Estate, Subject: Annual Stockholderts Letter. to advise you that Gent]. emen: We are pleased idend amounting to 100% om the capitel declared and paid Desember 31, 1927, your name amounting to $5,000.00 was with this Company as heretofore, the usual stock of this annual div- Company was The dividend on the stock in therefore, creditedto your account We are herewith, enclosing a copy of a statement of your account as shown by the books of the Company for the year 19273 on which you will note a credit of $8,788.18, which represents interest on your average monthly balance at 6% for the year 1927. Should you have any questions regarding same, please call upon Mr. H. Steckel, Auditor, who will be glad to explain same, Any of the officers of the Company will aiso be glad to go into the matter with you. Thinking that you would perhaps wish to have us again make up your income tax report for the year 1927, we have retained a copy of your statement. Should it be your desire to have us make up your income tax return, please income blank with any income which you may have is not shown on your statement above mentioned, immediately. please if you let us know, wish us to send you in the enclosed reeeived and which and return to us the usual Budget Books : Yours very truly, Jel, MABIB Enclosures, fill & M.S. BROWNING COMPANY