BIG NEW PICTURE THEATRE PLANNED FOR NEWMARKET.

New Zealand Herald, Volume LX, Issue 18457, 21 July 1923, Page 11

BIG NEW PICTURE THEATRE PLANNED FOR NEWMARKET.

COMPANY IN FORMATION.

SHARES available to INVESTORS; The handsome profits earned by modern picture theatres of the right type—and iin the right localities—are as well-known to New Zwlairids^flv'aa ",'■ they are to those in ether countries. A bright, inviting theatre ■viti.''R rapiikivkQ for «ter6«ning the better clafcs.ef fi'svi,. jr. ;jj.w.ay.H assured liberal pateon?.;.^, .'and i,S<scs, an investment- of moat attractive ' possibilities. " The formation •of the Rialto : Picture Theatre Company for the purpose of erecting a! spacious and •' well-appointed picture theatre , at'•' Newmarket, •is ■ therefore of considerable •intere.rt, for. not only does it emphasise the', rapid growth, and faith in the future, of this populous suburb, but it also presents ah opportunity which rarely occurs, of securing ah. interest (without paying any premium) in a profitable enterprise, the success of which is assured from the outset. The site selected or; the theatre is really a magnificent one, having a frontage of 37ft. 6in. to Broadway, and running through to Osborne' Street*/ where the frontage. widens to 108 ft.' 6in. On this valuable site a handsome 3-storey block of buildings, costing £27,000, is to be erected. The theatre will have a seating capacity of over 1400, and will be the most up-to-date ■,; iv Auckland. Apart from' the revenue derived from this fine theatre, additional income will be assured by two first-class shops, fronting Broadway, three smaller shops or offices also on the ground floor, tea-rooms on the ■ first floor, a billiard .parlour on the second floor, large factory space and a smaller letting space on Osborne Street.'■ ' The capital of the company is £40,000, divided into shares of £1 each, of 1 which only £25,000 is being offered for Subscription. Of these shares over one-half have already , been applied for, and applications are coming in rapidly. Full details and copy of tho complete prospectus may be had from the company's brokers, Mr. George C. Creagh, Victoria Arcade, or Mr. W. N. Gamble, Bank N.Z. Buildings, ; Swanson ' Street, Auckland. To save delay, immediate application for, shares can be made, which should be accompanied by remittance of 2s 6d per share. The balance is payable 2s. 6d per sha:fe' on allotment;, and the remainder in sums of 2s 6d per share at intervals of not less than one month. li you wish to secure a portion of the remairiing shares in this remarkably fine enterprise, immediate action is essential.