ADDRESS RitMINGTON ALL LETTERS TO THE COMPANY ARMS COMPANY. INc. MANUFACTURERS FIREARMS, AMMUNITIO NEW YORK ARMS WORKS, ILION, NLY. CASH REGISTER WORKS,/LION,.N.Y. CUTLERY WORKS.BRIDGEPORT,CONN. AMMUNITION WORKS, BRIDGEPORT, CONN. AMMUNITION WORKS, BRIMSDOWN, MIDDLESEX, OF N, CUTLERY AND CASH LONDON REGISTERS CABLE ADDRESS HARTLEY, NEW CODES BENTLEYS,.WORLD A.B. C. 5TH EDITION, ENG. YORK USED UNIVERSAL, GENERAL WESTERN UNION, LIEBERS "ee. ane GENERAL OFFICES CUNARD BUILDING, 25 BROADWAY NEW YORK CITY RA « March 24, C} 1924. Gentlemen:- | Reply to your attention of Mr..C.L. as you raised certain advice. August your _ You refer 23, 1923 in letter of letter of February Reierson, questions President, about which us second to which December 9, the you say you 1922 was 19th, has we eddressed for paragraph of your letter endeavored to make it The letter on or of the been somewhat delayed wished to obtain legal no effect. been received of clear that of December G, 1922 was actec upon by us as we believed that we might rely upon any Statement made therein as to the basis of paying royalties on guns manufactured by Fabrique Nationale and imported by us. Therefore, we ordered the guns and two-huncred of them had before April 10, 1925. Therefore, we believe you will agree with us that it would not be right for you to change the basis of royalties on those guns which had been ordered with the understanding that you would expect royalties in accordance with your letter of December 9th and which had been delivered to us end paid for before your letter of August 25, 1923 had been written. December 9, Our act in ordering the guns after receipt 1922 is evicence of our acceptance of the mage therein regarding after would be fair. If you will royalties and give whole bearing in mind the fact for prior to the receipt you will agree royalties to herewith in process ol with which us that you are have asked manufacture change matter in your that arrangement caréful there- consideration, that the guns were ordered, received and paid of your letter of August 20, 19235, we believe Therefore, the the hope that : You this no of your letter of proposition you On our check of on entitled February 9th guns. those covered the check and statement this settlementwill are being returned be Satisfactory to that statement we send you a February 13, 1923. you of course, of guns We have not entitled full you. in construed the contract as not requiring the payment of royalties on guns which had not been sold prior to February 15, 1923, although manufactured or in process of manufacture on that date, in view of Article Third of the contract, which calls for payment of royalties only on guns sold. -If our construction of the contract is correct, are,