. yeare 1936 through were those which fax acerwale. the year arose through Additional of i941, intereat the year 1943, &=5. The tion Excess Prefite Tax the average earnings method. 4-9. Only two They are follows: ixeess ae 74,263.30 being Profite Tax are The bad debt leeses patents is to . shotgun for the by amounted set up on our for bead debits for on The Browning on December 31, S. Browning Company years the books Company 1936 te 1942 (61,122.24 ae of set Aras i927, based December upon 3, i943. £650.00 up in the accounts. cost said Corpora~ o4O0.75 been the is in 1940. Pederai and of and amortisation uncollectible amortisce S~l]. the oxcise Arus patents has ilfe $10,319.50 Growning upon te of consequence aforementioned to the to shown Reserve reserve poesible paid credit of the amounting Reserve of oniy changes applicable Aeturn reserves taxes were taxes the the reversal incom ‘acerued the ami of 4 usuei The patented ganner reserve to provide for amortization improvement on our against of automatic patent. Company wae incorporated being a wholiy owned Ogden, The under subsidiary the lawea of Utah J. &. & &. and Shop of the of the < Browning aras of Company are Utah. located at Office, *areheouse i715 ot. nees has alwaye ing Overunder 1943, eur been the shotguns. entire eales and service of Ouring the period February facilitiesr and personnel were Srowning 1, devoted Louis, Gur buei- Automatic and Brown- 1943, Auguat i, 4 Miescuri. Rees. oe to to Goverment busi-