Brunswick (U.S.A.) / 1923
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Corporate background:
By 1923 Brunswick was one of the biggest record manufacturers in the U.S.A.
Design: The ornamental mantling above the label name now appears in black instead of gold, while gold has become the label’s background rather than the foreground colour.

The inverted chevrons within the shield now appear in black rather than gold, a change that would not be permissible in true heraldry!

The initial ‘B’ within the shield has become more legible by acquiring a black outline.

The difficulty of overprinting black on metallic gold (which allows no ink absorption) is evident in the credit lines.
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