OPERA HOUSE COMPANY

Evening Post, Volume CI, Issue 91, 18 April 1921, Page 8

OPERA HOUSE COMPANY

Tho annual report of. the 'Wellington Opera. House Company, Ltd., states: — "Tho net profit for the year amounts to £2931 3s Bd. Adding this' to the amount, brought forward in appropriation account' last year, makes that account total £4318 Is 2d. Out of this there has been paid dividends to the amount of £2817 76 sd, leaving a balance available of £1500 13s ,9d. The directors now propose a further dividend of 3 per cent, on tho preference shares (making tho usual 6 per cent, for the year), which will amount to £858 13s 6d, and 3 per cent, upon the ordinary • shares, making 6 per cent, for the year,' which will amount to £600, a total of £1458 13s 6d, leaving a balance of £42 Os 3d to be carried forward. During the year the board have invested in the Discharged Soldiers' _ Settlement Loan the sum of £900, bearing interest at the rate of sjr per cent, per annum. Messrs. J. C. Williamson, Ltd., • have taken a further lease of the Grand Opera House at an ijicroased rental. This lease will expire upon the same date as that .of the Old Opera House, and it is anticipated that fi,further increase in the revenue will be obtained after that' date."