January and it course is very probable they will of development before they have will 3,1929 to be put through a long be worth much. It is doubtless Colt's intention to proceed with this development, together with vr, Browning, end it might be vossible that a successful gun can be developed between the be greater two of them, I believe if the Browning however, the chances Company took working models of success of the would guns as they stand at present, and commenced work on them at the Delgium plant. Tn such case, Val would be given a corps of men at the factory, torether with whom, he would proceed to reshape the gun similar te the way he has and is doing with other guns, The Browning Company would of course, expest to give the Colt's Company the benefit of this development and would in turn, expect Colt'’s to do the same. Vithout an arrangement on the above basis, whereby it would the not Browning cere to Company would participate proceed with such development, for the reason that it might eventually develop a type of gum which would replace the machine rifle which is at present being manufactured by Colt's and on which it draws the entire royalties for guns manufactured by Colt's and 50% of the royalties manufactured under sub-licenses. For the same reagons, the Browning ur, Browning Company and withdraw would not from teking eare to relinquish any active part any inventions to in the matter. Now comes e further complication. “r. J+". Browning called yesterday and showed me & letter from Mr, Yoore regarding the developments of a light machine gun. A copy of this letter is enclosed herewith. In discussing the matter with him, I find thet he hes an idea that he can take our machine gum and by modifying it in certain respects, can meke it meet the requirements described in ir. vYoores letter, He states that while certain features involved would be of his own invention, that the gun would be largely made up of our inventions. The questions he has in mind are; lste would we like to have him undertake the work? 2ndwould it be our idea to let him share in the results on a royalty basis, or would we prefer to engage his services? 1I'11 In view of this last develorment, I have in place of J,&. Browning. Browning as well simpler for the Browning confess I don’t been wondering know whet to do. if it would be Company to enter into an agreement with Colt's Such an agreement would include the J.",. Browning and the Browning Company would then be free to iron the matters I merely mention this however, for you to think about. out between them. of J.=, as Browning Company. inventions There ig another matter which requires attention and that is, the taking out of the foreign patents. According to Colt's lettert you, this should be done by next Merch, but it does not seem to me that we are going to have these agreements worked cut by then, I think Val could attend to this however, if Colt's would send us copies of their applications, He would doubtless turn applications them in over to Continental Will be glad to diseuss kind rerards, the the Fabrique subject further at your remain, Sincerely, NABef a ETI e Netionale ani let them make Europe. convenience. “ith