COPY Hartford, Mr..James Wilkinson, P. Hume Huxley, Byron CO. MANUFACTURING ARMS FIRE PATENT COLT'S Connecticut, U.ds.A. March 27, 1944 your letter & Knight First National Bank Building Chicago 3, Lilinois. Dear Mr. Humes Mr. Stone March 23rd. reply to your You. are correct presenting what you in saying that have set forth we in your proposed to him have no objections to Paragraphs 2 to 5 of prerogative the within clearly is’ it as statement, to me asked has dated of Browning to handle this matter in any way that seems wise. I that. the statement in Paragraph 1 think you will agree, however, carries the implication that Colt!s is in agreement with you as to the other four paragraphs. of general policy and 2 to 4 are statements Paragraphs sets forth 5, however, Paragraph to be unobjectionable. appear specific provision as to the amount of royalties that Browning ought to approval is posal be said this to as and receive we would have certainly to reserve some much more definite or even consideration until that request We must particularly to us. submitted. at endorsing for continued by anyone to time any at time this payments other than or state. to that, Colt'!s amounts or imply. specifie any on Browning account is any of pronothing recommending specific guns a or formula manufactured Colt!s. I think we must both récognize that the Government. could, terminate the License Agreement in accordance with if it so chose, the terms thereof, and then start negotiations as to»royalties to be paid on account of Colt's. By the time last Browning patent remain in force,..and would Government to Browning. machine guns made by manufacturers other than the termination could become effective, the woulda patents Colt's only and expired would have in view of this it is highly improbable that the obligate itself to make further royalty payments