Page 3 Advertisements Column 8

Evening Post, Volume CI, Issue 102, 30 April 1921, Page 3

PROSPECTUS |( ABRIDGED.) OE THE BRITISH & CONTINEIOTM FIIM €0., LTD, (A Company intended to be Incorporated under th« Comptiries ,'AcK 1908) JtS» Prospectus has been filed with the. Registrar pf Compairiw~at W«2ingtoiv"Nwr Zealand.- ' „ ' ' ! \ ■ , ■■* ■* ;.' '.- ■ ■ . ■ ' ; ; PROVISION^ DIRECTORS: ALLEN, C. D., Company Manage*, Weffinfctooß CLEG G, A. ,)'., Company Manager, Wellington; EASSO'N, 3?. G-, Merchant Wellington; OCKENDEN, R. J. H., Retired Braider, Weffingtan; ROWELS SfOßdX kßuS newsfinS: JAMES'^ We'UnKtanS BANKERS: THE COMMERCIAL BANK OF AUSTRALIA, MM3TER AUDITORS: H. F. ALLEN AND SON, F.P.A. (NJZ.), Customtaw.e.quML, Wellington. .•»—*»» SOLICITORS: YOUNG, NEAVE, AND COURTNEY, Gustomhowe'-iiwsfc Wellington. i-^» SECRETARY: STANLEY, F. ASTON, Pubfio Accountant, ■Copp.r'.-^uiiaian,-I. Tho objects and powers of the Company are to acquire the assets' anil undertaking of the British and Continental Feature Film Company, Limited: ■_ 2. The capital of the Company is £50,000, divided into 50,000 ordinary share* of one pound each. .......,..■., .. . r>™iL Of, the, aboTe-inentioned shares 10,000 (ton thousand) shares, representing i.10,000 of tho Company's nominal capita], are to be issued and credited as paid up in full in consideration of tha Bale to the Company of tho business of the vendors as a going concern as at the dat»* the Company is entitled to i commence business s and the remaining ordinary shares are now offered to the public for subscription, to b« paid as follows: 2s 6d per share on application; 2« 6d per share on allotment; 2s^6d per Bharo thirty day* after allotment, balance in calls of 2o 5d per share, as ' and when required, and may be called up by the Director^' in accordance with tho Articles of Association. •„ / .. . -4. The minimum subscription- on which the Directors may proceed to allot, ment is 10,000 shades. ' 5. The Company is being formed for the purpose of acquiring from the British and Continental Feature Film Company—a private Company—as a going concern the business at present carried on by the vendors as film renter's. / The Trading Account, Profit and Loss Account, and Balance-sheet of the business ■ of the vendors for the period from Ist September, 1920, to 9th April, 1921, can be seen at the Registered Office of the vendors, or an application to tho cbmnanv'a representative, P.O. Box 78, •• Wellington. , ■ Although the British anld Continental Feature Film Company, Ltd., was registered some seven months ago, it has only been operating actively a short time. ' The necessary delay, in order to finally fix up contracts, etc., and obtain stocks of films and printing to commence business, took up four months of this period, so that the Company has actually only been oarning revenue for three months. • . Heavy expenses have been going on since the inception of the Company. Not only has this big outlay been overtaken, but reasonable prbfit is disclosed, which is ample proof that, given the necessary capital, the Company's operations cannot fail to be very lucrative to investors. The following is a conservative estimate of receipts and' expenditure over a period of twelve months, based on the results achieved during the short time ths vendor Company has been in operation:— ESTIMATED RECEDPTSi FEATURES— . £ £ 18 U.C.I. Productions, at £225 4,050 ', -, 18 Swedish Biograph, at £187 3,366 16 Harma at £150 2,400 12 Specials, at £375 ..,.., ■ 4,500 / ,- £14,316 Less Royalty of 50 per cent, on gross'receipts of v foatures after deducting oost of fihni, pluß duty, censorship,, etfc .•...,, i 5,200 , ■ . ■ -T7— 9,116 ; SUPPORTS— , ' 64 Programmes, at £75 each' „. 4,700 Receipts from printing, etc. .' 3,500 , S-200 Total estimated receipts '...; . £17,316 ESTIMATED EXPENDITURE. FEATURES— £ fi 18 U.C.I. Productions, at 2£ per foot .-, 1,050 18 Swedish Biograph 1,050 16 Harma Productions 832 12 Specials „ ;. 684 Duty, censorship, etc 300 Expenditnre on features .._ 3,916 SUPPORTSCost of film _..,..„ „-.. 3,000 Cost of printing, publicity, etc , 3,000 Establishment expenses ....,,„,„., 2,600 ,\" ■ . ■ ' ■■■•"'-- ;-^-' ,— tjw .. V ■.. _T?i £12,516 >; Total estimated expenditure ...v....,^r.^v ■■ $5%58& ESTIMATED NET PROFIT _ ; £4,800 The Memorandum of Association gives power to the Company to purchas* and to lease theatres, thus producing profits which have not been taken into consideration. If 7s 6d per share on 20,000 contributing shares is called up the position worn] be that" the estimated net profit represents 27£ per cent, on the paid-up capital. The!vcndors entered into a contract with tho Mason's Super Fihns, limited, tat, ' the supply of films and relative printing on the Agency basis, the terms being that after deducting the oost of films supplied, together with the cost of printing and incidental expenses, the vendors retain 50 per cent, of the balance. By tha arrangement the heavy burden of "rights" which the other film exchanges are carrying has been avoided, the capital outlay is smaller, and it insures thai until the cost of the film is recovered the manufacturers do not get any return. A 1 safer method of trading could not bo conceived. 6. The Company is to take over all existing contracts entered into by tha> wen'dors for the supply of film, hiring agreements, .and other agreements entered into by the vendors in tho course of tho business of tha vendors, and all assets and liabilities as at the date that the Company is entitled to commence business. .The goodwill included in the purchase consideration is £2125, payable in shares in the capital of the new Company—part of 10,000 shares before-mentioned. 7. The preliminary expenses of and incidental to tho formation and estab- , lishment of tho Company, and until the Company shall be entitled to commeno* business, are estimated to amount to £500, exclusive of brokerage commission, end will be borne by the new Company. 8. The amount payable by the Company as a commission for procuring sobscriptions for shares is at the rate ofs (five) per cent. < . . ' 9. The qualifications of a Director shall be the holding of not less than fiv« hundred shares in the capital of the Company. ■ The remuneration of Director! Ehr.ll be fixed by the shareholders at'each annual general meeting. 10. Copies of the Memorandum of Association and Articles of Association and of contracts referred to in paragraph 11 hereof, and % all other material contracts, can be inspected at the Registered Office of the British and Continental Feature Film Co., Ltd., 6a, Willis-street, Wellington, or may bo obtained on application to the Company's representative, P.O. Box 78, Wellington. 11. The minimum subscription on which tho Directors may proceed to allotment is ten thousand shares.' : No sum has been paid or is intended to be paid other than brokerage at th« rate of five per centum and travelling expenses t6 persons employed in obtain, ing subscriptions for shares, upon the sale of shares to any person for the promotion of the Company. ' . _ „,''.'.',' No Director has any interest in promoting the Company other than such as he acquires by becoming a shareholder in terms of tho said Agreement of ;the 20tli day of April, 1921, and< by acquiring a right to remuneration under the Articles of Association. ' . * ,-; : ' With the exception of the 10,000 shares to be issued as fully paid-up to shareholders of the Britiish and Continental Feature Film Company, Limited, no, shares -are to be issued as fully paid or partly paid upi. , ' - Full Prospectus and forms of application may be obtained from the vendor Company at No. 6a, Willis-street, Wellington, or from the Company's represents tive, P.O. Box 78, Wellington. ■ ' R STANFORD ', PERCY G. EASSON. , r'j.H.'OCKENDEN, A. J. CLEGG, ■■' JAMES ROD, IHOS. ROWBLI* , r , V ' C. D'ARCY ALLEN. . ..,...- . , Witnes»-H. BARDSLEY. '.. '■ ' r Dated the 22nd day of April, One thousand nine hundrod and -twenty-on*.; /,, :? GENERAL INFORMATION. '..'": .'•,■'. The average habitue of the picture-show in New, Zealand looks back with deep regret on the days before the War, when All-British and Continental Films were greeted by the picture-loving public as the programme par excellence. But, unfortunately, war intervened. The timo has now arrived, however, when they once more enter the picture-show arena, and exhibitors and audiences the world • over-are hailing their unapproabhable productions with delight. -Newly organised, controlling huge capital, and with contracts/signed up with the world's leading authors and stage "stars," these companies have assimilated all the progress, "and '), new ideas, which have attached themselves to the film producers' art during and since the Avar period. New Zealand is now to have the opportunity of adding hor quota of praise to that of tho rest of the world, and it was ■ with this object in. view that THE BRITISH AND CONTINENTAL FEATURE FILM CO., LTD.;. was promoted somo seven months ago. ■ < In the short space of two months the Company's business has outgrown its capital, so great has been the demand .for All-British and Continental Films. It* is with this knowledge we confidently invite the public to subscribe to th«t proposed now Company. Tho Company has tho New. Zealand' rights for all tho leading and most suo> i cessful reorganised All-British and Continental Film Producing Companies. The objects of the new Company are to only supply tho pick of, the output* of the companies under contract, and the Films handled by tho Company will b* the same as are screened simultaneouslyin the leading theatres of Australia. Wo are not asking you to subscribe to a proposition that is in tha air. We are asking you to support a sound business proposition that is actively working , on a sound basis—a proposition for tho promotion of All-British and Continental Films. British Films aro wanted everywhere; we can supply the demand, and it I is with the object of extending our operations that we aro forming a larger company. Therefore it 'is-with more than a usual degree of assurance that we ask you to peruse this Prospectus, and decide for yourselves the financial benefits you will reap by securing shares in such a splendid and solid proposition. The following is a copy of a letter which recently appeared in the N.Z. Herald in connection with the Company's production in A«ck'a»d of "Darby and Joan," an ''All-British" Film:— Sir,^-Some of us have said very hard things about certain of the pictures shown in Auckland. I would like to burn some I have scon and 6end the cxhibi-' tors of them to gaol. In some there was no immorality, perhaps, but they were bad in so far as they were not true to life and so very ugly. But some pictures • arc really good, and "DARBY AND JOAN" is one of them. I had the pleasure of seeing it yesterday in His Majesty's Theatre, and I hope that all who can will view it. A good picture is a rest and real recreation for tired people. "DARBY AND JOAN" is good in every way, both for old and !young. It is beautiful as a picture ajid perfect as a performance by the actors. Many people are afraid to go to the pictures because they do not know what misery; and murder they may sec. This picture is entirely good; and we who want the pictures' improved should be present and onoourage thosa picture managers who show what is good. <, Tha singing also of "Darby and Joan," by Irma Caron, was a groat treat. (Signed) JOHN HASELDEN* St. Luke's Vicarage, Mount Albert. This letter is typical of many which the vendor Company hits-received, tlw i priguuls of which j*a be yiaged.at tije. Registered.! Office, '