MASTERTON PICTURE CO.

Wairarapa Age, 23 May 1936, Page 4

MASTERTON PICTURE CO.

ANNUAL REPORT FOR PAST YEAR. The annual report of the Masterton Picture and Entertainment Co. Ltd. states: “We have pleasure in present! ing the annual report and statements 31 Ul ‘ t t f u r J the year endsd March 31, 1936, which date closed the twentythird year of the company's operations. n,5r enCe y as made ,as ! y ear to the Potion of the investment in the Majestic Theatre, Wellington. No pro “ 8 Ft been ma<le for this off as, following legal opinion and the instruction of the shareholders at tion“ ee K“ g held in February last, acof thA » eing tai ™ t 0 secure region of the transaction with Mr. Kemball. he net profit transferred to appropriation account is £1561 19s 6d, bring less than last year by some £7OO. Thil « due to there having been no income a fan froi^ the Ma i e ’ tic Theatre, and terton“Am Off reCeipts from «<*->■ tertou Amusements Limited. The heatedßt» th 1 ’ Whi e h has < ’O nB i d oi - ably a ddCo«, tv' comfort , was installed in the some ext S ra yeal '’ ““d i^ 8 ’ with some extra expense in connection with the emergency lighting, was paid for out of revenue. The credit balance at £ and at th<! C '^ e ° f the W ™ t!281, and your directors recommend the payment of a dividend at the rate 7 cent. This will absorb £lO5O J® 8 ’ e Limited - the holders or two-thirds of the total see V 'th a e <i n iSe< h ' thal e the £-would like to’ see the number of directors increased to five as provided by the Articles of Association, and hav« Y- Of G h t^ n j H £ . rhle ry f„r et,re l rt>tati “ n ’ bit i" eligj ible for re-election. Mr G w ui B the retiring auditor, > R Cook rt G Cr n te n" ~ For the Board P ' Look, G. H. Perry, Directors.”