Mr. J. Gates Williams stockholders only prudent business the M. J. & October $35,368.86 judgment M. S. if taxes were would seem to require. to Browning Company, due minors, consider stockholders are women and of trustees for these people as that of paid royalty and reductions, this has 1943 currently, the The fact them which officers that themselves particular caused 12, many in of the condition, some of its nature as well concern. J) od VOLUNTARY The the only ments. Colt's REDUCTIONS Patent Fire manufacturers from The S. Browning plants, outside J. M. any manufacturing Shop maintained paid by the & M. in St. whom Louis, Colt's Patent It been Arms the ROYALTY PAYMENTS Manufacturing Brownings Company and Fire IN Company receive does not own or small. Sporting Arms all royalties received by Company pay- operate the Manufacturing are royalty of Arms a Service them of are Hartford, Connecticut. has the desire of the decrease royalty payments as production wish receive more than a fair upon the to desire_to out of has been profiteer this policy voluntarily the rate reasonable present emergency.’ of royalties examples Recoil Operated Machine Gun paid of as officers they royalty by do not the the manufacturer follow: Recoil Operated 50 not In which Machine and do to following 37 Gun 30 Caliber $50.00: per gun 100,00 5.00 Ss * 10,00 m/m Automatic Caliber Cannon $500.00 1939 1942 The increases, and reduced, 1936 corporation's United States Government has been given 60,00 the right to