EXHIBITION PLANS

New Zealand Herald, Volume LXXIII, Issue 22515, 4 September 1936, Page 13

EXHIBITION PLANS

CENTENNIAL YEAR INTERNATIONAL IN SCOPE ART, SCIENCE AND SPORT The draft prospectus of the New Zealnd Exhibition Company, Limited, sets out in clear and fairly final form the proposals of the Citizens' and Centennial Committees as to the scope and aim of the exhibition to be held at Rongotai, Wellington, in 1940, the Centennial year. "It is intended," states the prospectus, "that the exhibition shall be an international one in which all nations will be invited to take part. It i$ intended that the exhibition shall afford an outstanding display of the progress of art and science and industrial and commercial development throughout the years, and particularly their most modern and up-to-date manifestation.

"In addition to displays of this nature, it is intended to provide outstanding musical and artistic events through the visit during the period of the exhibition of a world-famous band together with orchestral and choral events under a world-famed conductor. Provision is also to be made for outstanding national and international sporting events of all descriptions to be held during the period of the exhibition.

"Similarly, provision will be made on a large scale for an amusement park containing the most up-to-date devices in this sphere. In short, it is intended to make the exhibition fully comprehensive of all the features appropriate to such an occasion."

It is proposed, states the prospectus, that, subject to the final approval of shareholders, the general management of the exhibition shall be in the hands of Mr. Charles Hainsworth. Mr. Hainsworth was the general manager of the Dunedin Exhibition and of the New-castle-on-Tyne Exhibition in 1929, as well as of various other exhibitions. The general control of the company will be in the hands of the directors, to whom no fees will be payable. The number of directors is not to be less than eight or more than 12 and the qualification shall be the holding of at least 100 shares. As it is intended that the New Zealand Centennial Exhibition shall be on a larger scale than that at Dunedin, the initial capital has been increased to £225,000. Toward this amount the Government has undertaken to contribute £50,000 by way of subsidy and £25,000 free of interest by way of loan. There remains therefore the sum of £150,000 to be raised in the form of ordinal share capital.