BNS Holding, Inc. – ‘10-K405’ for 12/31/98 – EX-18

As of:  Friday, 3/26/99   ·   For:  12/31/98   ·   Accession #:  927016-99-1141   ·   File #:  1-05881

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Annual Report — [x] Reg. S-K Item 405   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K405     Annual Report -- [x] Reg. S-K Item 405                31    165K 
 2: EX-18       Ernst & Young Letter                                   1      7K 
 3: EX-22       Subsidiaries of the Resigtrant                         2±     8K 
 4: EX-23       Consent of Ernst & Young LLP                           1      7K 
 5: EX-27       Financial Data Schedule                                2      6K 

EX-18   —   Ernst & Young Letter

EX-18
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                                                                      EXHIBIT 18

February 5, 1999                                                                

Mr. Alfred J. Corso                                                             
Corporate Controller                                                            
Brown & Sharpe Manufacturing Co.                                                
200 Frenchtown Road                                                             
North Kingstown, RI 02852                                                       

Dear Mr. Corso:                                                                 

Note 2 of Notes to consolidated financial statements of Brown & Sharpe          
Manufacturing Company included in its Annual Report to Shareholders (Form 10-K) 
for the year ended December 31, 1998, describes a change in the method of       
accounting for long-term contracts from the percentage of completion method to  
the completed contract method. You have advised us that you believe that the    
change is to a preferable method in your circumstances because it provides a    
better matching of cost and revenue and it is more practical to recognize       
revenues upon shipment as the Company's financial position and results of       
operations would not vary materially from those resulting from use of the       
percentage of completion method due to the short-term nature of the production  
cycle.                                                                          

We conclude that the change in the method of accounting for long-term contracts 
is to an acceptable alternative method which, based on your business judgment to
make this change for the reasons cited above, is preferable in your             
circumstances.                                                                  

               Very truly yours,

               Ernst & Young LLP

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K405’ Filing		Date		Other Filings
Filed on:		3/26/99
		2/5/99
For Period End:		12/31/98		11-K
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