‘January 26, 1928. ate We Ee Wilson, 1122 Continental National Salt Urahe Lake Dear %. City, Bldge, Subjeets Colt's Gontracts involved under our received wmder He Believe ean Bank be sumed le the questions Colts contracts up as follows: Division For « consideration of royalties of this question and matters enclosing stetement headed "Letter Agreement sub-licenses. relating thereto, dated July 21, 1925" am &e Browning's consent necessary to sub-license where royalties paid them are less then epecified in Colts contracts. A statement headed "Browning's consent necessary to sub-license" is enclosed for consider~ ation of this question. Se Advance royalty of 750,000.00 to Colts by Armstrong-lihitworth. We have nothing on thie subject, but the ColteeArmstrong agreement which you read, and Mr. Stone's letter outlining the terms of the agreement. You will note in Colt's letter of Jamuary 17th, they refer us to their letter of September S0th, 1927, a copy of which was sent to you on October Gth, 1927. Their purpose in referring us back to the letter of September 30th is to shew us what they would like to have us do and would therefore suggest that you look your copy up. 4 copy of the above 1927, which royalties Another statement was also sent to Mr. Nebeker. Enelosed is a copy of tis Nebeker's letter of October 21, may throw some light on the question. This letter touches on continuing es. long letter as guns after patent expiration question is that of and other matters. the continuation of royalties are manufactured and in this connection am enclosing “Continuation as guns headed of royalties long as are mane ufactured", There is a question if royalties should not eease 25 years after expiration of the last patent. We understand Yr. Teller indicated Go Mre Nebeker that there was also a question if royalties should not eease with expiration of patent, but we do not leek such a position as thie and do not believe they can should. | While East, we will expect to draw te see Colts tale maintain it if they up a 37 m/m agreenent with My. Nebeker, as a momerandum agreement is all thet has so far been madee There is a question in our minds as to how we should draw up the joint defense or proseeution clause , and for your consideration of this matter am enclosing letter dated blank date which was sent to ire Nebeker.