its regular accounting practices consistently applied; and to the best of my knowledge and belief, the cost and expense are correctly stated as shown.

H. W. CLAPSADDLE, Divisional Comptroller.

BUICK-OLDSMOBILE-PONTIAC ASSEMBLY DIVISION,

GENERAL MOTORS CORP., Detroit Mich., February 3, 1955.

Commander, Headquarters Air Materiel Command, Wright-Patterson Air Force Base, Ohio.

Attention: MCPTAF-4.

Through: Air Force Plant Representative, Mobile Air Materiel Area, Air Materiel Command, Buick-Oldsmobile-Pontiac Assembly Division, General Motors Corporation, Kansas City, Kansas.

Subject: Proposal for Redetermination of Prices of F-84F Aircraft Produced on Contract No. AF 33 (038)-18503.

GENTLEMEN: Pursuant to the "Revision of Prices" clause of Contract No. AF 33 (038)-18503, the Contractor submits, for the purpose of price redetermination, a statement of costs incurred in the production of the second segment of 228 F-84F airplanes, and a proposed forward price for the third segment of 300 airplanes ordered under this contract. A separate price proposal with respect to spare parts is being submitted.

PROPOSED FORWARD PRICE

The Contractor proposes a price of $293,160 for each of the 300 planes included in the third segment, or a total aggregate amount of $87,948,000, as set forth on Schedule A, attached. On this basis, the total contract price of these 300 airplanes should be decreased by the sum of $9,552,000, as indicated in the following tabulation:

The proposed forward price is based on specifications for the 299th F-84F airplane, and includes the price effect of complying with all engineering changes incorporated in that plane.

Price changes for complying with engineering changes having an effective point subsequent to plane No. 299 will be negotiated under the "Changes" article of the contract.

DELIVERY SCHEDULE

The forward price proposed herein is based on the present delivery schedule as set forth in Contract Change Notification No. 131, and will be subject to change in the event of any substantial revision to that delivery schedule.

QUALIFICATION OF PRICES

The proposed forward price is subject to further change for the price effect of "True Depreciation" as determined by the Government for Beech Aircraft Corporation and Cessna Aircraft Company.

GENERAL

If this proposal meets with your approval, your acceptance should be evidenced by the issuance of an appropriate amendatory document to the subject contract.

Very truly yours,

JOHN F. GORDON, Vice President.

1 Consideration has been given to agreements made between General Motors Corp. and the Government covering pension plan provisions and General Motors' central office expense.

2 Down.

CERTIFICATION

FEBRUARY 3, 1955.

I certify that the information contained herein for the period ending December 31, 1954, has been compiled from the records and books of the Buick-Oldsmobile-Pontiac Assembly Division, General Motors Corporation, in accordance with its regular accounting practices consistently applied; and to the best of my knowledge and belief, the cost and expense are correctly stated as shown. H. W. CLAPSADDLE, Divisional Comptroller.