PICTURES DIVIDEND PASSED.
Hamilton Theatres, Ltd., reports a profit of £439, after providing for ordinary depreciation and £090 for special depreciation. The chairman (Mr. H. H. Howden) explained to shareholders at the annual meeting, on Saturday that the directors did not recommend payment of a dividend. He drew attention to the fact that it wag the fourth year in succession that the shareholders had not received any return on their capital. In the first two years £ 10,000 was spent on installation of sound equipment, and the general economic conditions were responsible for the fact that no dividend had been paid for the last two years. The fact was, said Mr. Howden, that as far as pictures were concerned, Hamilton was catered for to a far greater extent than the size of the fown warranted. The report and balancesheet were adopted. Messrs. John Fuller and R. English were re-elected directors.
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Evening Post, Volume CXVI, Issue 21, 25 July 1933, Page 12
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149PICTURES DIVIDEND PASSED. Evening Post, Volume CXVI, Issue 21, 25 July 1933, Page 12
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