Came the dawn : memories of a film pioneer (1951)

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several more debenture issues — they seem to be piling upon one another most alarmingly. I suppose I really understood the matter and all its implications at the time, but looking back now over what records I can find I confess I am horribly muddled. The final blow seems to be implicit in an issue of £35,500 debentures charged on the company's undertaking and property including uncalled capital. What does not appear is the rate of interest, which I remember all too well was ten per cent. ! As may be imagined the time soon came when we were unable to meet the monthly drain of that punishing percentage. Directly I announced that fact a receiver was put in charge of the business and I was no longer of any account in it. 187