WEMBLEY REOPENING
CONSULTING THE GUARANTORS. Press Association—By Telegraph—Copyright. LONDON, December 7. The guarantors of Wembley have received a letter stating that unless the Exhibition reopens they will be called on to pay tho full amount of the guarantees —namely, £l,7oo,ooo—in order to meet the deficit, which is £1,800,000, and asking them to state if they are willing to continue the guarantees in 1925. It is stated that the Government is prepared’ to increase its own guarantee from £600,000 to £1,000,000, provided that support is forthcoming from the other guarantors, but it is necessary for practically all the guarantors to continue if the Exhibition is to receive full benefit from the Government’s increase. The letter alludes to estimates indicating that an attendance of only 7,000,000, compared with 17,000,000 in 1924, would be sufficient to cover the cost of continuing the Exhibition through 1925. The point is emphasised that while tho position of the guarantors could hardly bo worse after another season, it might bo materially better.—A. and N.Z. Gable.
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Bibliographic details
Evening Star, Issue 18808, 5 December 1924, Page 9
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168WEMBLEY REOPENING Evening Star, Issue 18808, 5 December 1924, Page 9
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