The story of the Famous Players-Lasky Corporation (1919)

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J. K. Burger, Purchasing Agent business. In addition to its twenty-eight branch offices in the United States it maintains six branches in Canada and offices in London, Sydney, Wellington, Mexico City, Paris, Copenhagen, Barcelona, Beunos Ayres, Rio de Janeiro, Santiago, Havana, Tokyo, Shanghai and Manila. Besides all this, the corporation has general contracts with various concerns for (with some exceptions) exclusive distribution in France, Belgium, Switzerland, Argen- tine, Paraguay, Uruguay, Spain, Portugal, Cuba, West Indies, Central America, Venezuela, Canada and Mexico. It also has contracts for the distribution of a fixed number of productions in Italy, Japan and Scandinavia. Throughout the rest of the world there exists at present an open market, the rights of distribution of each picture or series of pictures being disposed of to the best advantage to any bidder. Famous Players-Lasky Corporation has an authorized capital stock of 200,000 shares of no nominal or par value, of which up to July 5, 1919, 175,000 shares had been issued. At that time it was decided by the directors to offer to stockholders the right to subscribe to the stock then in the treasury, thus bringing the outstanding capital to 200,000 shares, the total amount authorized. The subscription privilege offered to stock- holders was in the ratio of one new share for each seven shares then held. Dividends have been paid as follows: On January 1, April 1, July 1, October 1,1917,^2.50 per share. Pay- ment of dividends was suspended during 1918 in order to increase the output of the pro- ducing department, and on account of the epidemic of influenza, which almost completely paralyzed the entire industry. On April 1, 1919, payment of dividends was resumed at the rate of #1.50 a share. On July 1, 1919, a dividend of #2.00 per share was paid. The corporation has outstanding one issue of debenture bonds dated August 1, 1916. Bonds to the amount of $875,000 were authorized and issued, of which $470,000 have been redeemed by the corporation, leaving Main office, Ninth Floor, Home office $405 ,ooo outstanding. These will be retired in Reception Room, Ninth Floor, Home Office Reception Room, Eighth Floor, Home Office Accounting Department, Eighth Floor, Home Office [68 ]