THE GERMAN OPERA COMPANY’S BALANCE-SHEET.

New Zealand Illustrated Sporting & Dramatic Review, Volume XVI, Issue 938, 27 February 1908, Page 17

THE GERMAN OPERA COMPANY’S BALANCE-SHEET.

The Australasian Grand Opera Co., Ltd., which was formed to assist in financing Mr. Musgrove’s German Opera Company’s tour in Australia and New Zealand, has circulated its balance-sheet for the period • from February 14, 1907, to January 31, 1908. The directors’ report states that the tour of the company, which was carried out as arranged, did not result in a financial success. The profits of the performances in Me’bourne and Adelaide were absorbed by losses sustained in New Zealand, Tasmania, and the second Melbourne season, the total profits on the whole tour amounting to £497. In accordance with the agreement entered into with Mr. Musgrove, the sum of £l9OB (being the capital of the company), less £4OO reserved for expenses, was paid to him on account of preliminary expenses, which amounted to £2703 : the balance, 795, absorbing the profit of £497, and leaving a loss of £298 to Mr. Musgrove, after the whole of the available capital of the company had been, absorbed. The subscribed capital of the company was 1151

shares of £2 each. Although the result spells failure, yet, with indifferent foreign artists perpetually at loggerheads; the wonder is that results were so good.