DEFICIT ON WEMBLEY.
GUARANTORS ASKED TO PAY. BY. CABLE—PRESS ASSOCIATION—COPYRIGHT LONDON, Dec. 4. t ,.V he guarantors of the Wembley Lxhii* ave x, reeeiv ? d . .- letter slating thß.t unless the exhibition .re*opens next year they will be called on to pay the t ° f ~ the , guarantees, nameiy, iI,.AX),UOU m order io meet the dehqit, which is stated as being £I,RK).Wd, and asking them to st-.re if ihev W t 0 colltillue their guarantee iojr 1920. ..It is stated that the Government, is prepared to increase its own g'lar.untee frOKI #690,000 to £1,000,0*10, pr< viced support is forthcoming from the other guarantors, but it >s necessary for practmally all the guarantors to conexhibition is to reeei/e full benefit- from the Government’s increase alludes to the estimates, in'rnno hIL that an attendance of only Tdmqoo compared with 17,000,000 in .would he sufficient to co\er the cost of continuing the exhibition through 1925. . The point emphasised rhat, while the position of the guarantors could hardly be worse, after another, season it may be materially better.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19241205.2.24
Bibliographic details
Hawera Star, Volume XLVIII, 5 December 1924, Page 5
Word Count
172DEFICIT ON WEMBLEY. Hawera Star, Volume XLVIII, 5 December 1924, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in