Canadian Film Weekly (Jul 10, 1946)

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July 10, 1946 Public Issue In UK By J.A. Rank (Continued from Page 7) be offered to the British public shortly. Exchange regulations on this side do not prevent Canadians from purchasing stocks and bonds in the sterling area. The liveliness of the Canadian theatre and film industry at this time may cause Canadians to be interested in the British loan, for it is related to Odeon Theatres of Canada through a private company recently formed by Rank, known as Overseas Cinematograph Theatres. This company, to be capitalized at £1,500,000 with funds raised through the public issue, will take over Rank’s Canadian and New Zealand cinema investments. Odeon of Canada has 107 theatres and the New Zealand group is comprised of 116. Capital shares of Overseas Cinematograph Theatres will be held equally by Odeon Properties and Gaumont-British Pictures Corporation. Twentieth CenturyFox is an important partner in the latter company. The public will be offered $14,000,000 worth of 34%4% debenture stock plus $4,000,000, of 414% preference shares through the Phillip Hill Company of London. Since Odeon Theatres of Canada, according to its president and managing director, the Hon. J. Earl Lawson, has no intention of offering a public issue soon, the senior company will be the sole means of Canadians outside the company investing in Rank’s Dominion doings. Rob Glace Bay Show Thieves recently broke into the Russell Theatre, Glace Bay, NS, and made off with the 200pound safe containing over $1,000, the Saturday and Monday take. NFB To Make Film Of Coastal Trip The National Film Board is considering making a film of a 7,000 mile ‘trip of a schooner from Gaspe to Rio de Janeiro at an approximate cost of $6,500, it was revealed in the House of Commons when the Honorable Brooke Claxton, minister of national health and welfare and chairman of the NFB, replied to a query put to him. M. Andre de Tonnancour will make the trip as cameraman at an expense of $125 per week for not more than 20 weeks, according to Claxton’s statement. Results of the voyage will be a colored film of the trip and the places visited, and several thousand additional feet of film for use in future pictures, Canadian FILM WEEKLY Paramount Final Party at Calgary - —— oe Scenes shown above were taken at the Calgary, Alberta 25Year Club dinner, which was the last of four to induct new members into the club. As at the Saint John, Montreal and Toronto occasions, Gordon Lightstone, Canadian general manager acted as teastmaster of the evening and presented the valued souvenirs to the two 25-year employees of the company. Win Barron, head of public relations, accompanied him on the whole tour. The dinner held in the West Dining Room of the Palliser Hotel in Calgary was a decided success and is proved by the smiling faces in the bottom photograph. In the top picture, from right to left, are Paul Cardell, Famous Players supervisor in the Calgary district, there to honor the initiates; Mrs. Doris McWalters, cashier of the Calgary branch, who was one of the inductees; Gordon Lightstone; W. O. (Bill) Kelly, Calgary branch manager and the other initiate; and Ralph Mitcheltree, manager of the Capitol Theatre, Calgary, also there to pay his respects. Eagle-Lion Ups Pix From Ten To 22 Eagle-Lion Films, Incorporated, which is owned by Pathe Industries, Incorporated, has increased its inaugural year schedule from ten to 22 or 24 milliondoliar film productions, according to a statement issued by Bryan Foy, vice-president in charge of production, on his return from a three week conference in New York. J. Arthur Rank’s Eagle-Lion Films, Limited of Britain, while naving releasing affiliations with Pathe will not increase their output of ten films this year. Foy will have sole say as to the actual cost of the Hollywoodmade films. He has been provided with a sliding scale on budgets so that if a picture merits it he can increase the budget over the million mark. He can also drop others below that mark if he thinks the boxoffice potentialities do not warrant such an expenditure, Paramount Shares Split Two-To-One Stockholders of Paramount Pictures, Incorporated, have approved a split of the present common stock on a two-for-one basis, by issuing one additional share for each share held. The split is effective July 8, to stock of record June 25. Barney Balaban, president, stated that it was the intention of the management to increase the dividend by the payment of extras when cash has again built up to the proper point. He said, that over a 10-year period $96,000,000 in debt has been retired or paid off with a final payment of $2,500,000 last week. Large amounts of cash have been drawn from operating subsidiaries, and it will be the policy to build up cash again for working capital and to maintain the safety of dividends. He said earnings are continuing to run at the rate reported for the first quarter, Page 9 Golf Tournament Committee Meets (Continued from Page 1) such matters is Al Troyer of Famous Players, the official starter, who acted in the latter capacity during the first year’s doings. Secretary-treasurer is Tom S. Daley of the Imperial, Toronto, who is also a holdover from the first tournament. Tom, one of the originators of the tournament, is responsible to a great degree for its success. Head of the ticket committee is I. H. (Izzy) Allen of EagleLion, one of the most energetic and popular men in the film district. Jack Arthur, formerly overall chairman, is head of the entertainment committee. Leonard Bishop of the Tivoli, Toronto, heads the prize committee. Publicity committee is comprised of Hye Bossin of Canadian Film Weekly and Jay Smith, Canadian Moving Picture Digest. Each chairman will appoint the men he requires to his committee. The tournament last year was held on June 26, a bright day, and was highly successful. This year the committee felt that it ought to be held later in the season to give the boys a chance to get into real form, as well as avoid conflict in vacation dates. The present holder of the N. L. Nathanson foursome trophy for low gross is Columbia and the individual low grosser was Raymond Allen of Premier Operating Corporation, who won the Famous Players challenge trophy. Dave Griesdorf of PRC won the Canadian Film Weekly challenge trophy for individual low net. The committee is looking forward to the greatest tournament ever, with many from out of town in attendance. Beacon Theatre Sold Sale of the Odeon-operated 1,550-seat Beacon Theatre in Vancouver for a reported $200,000 by the C. A. Godson estate to Beacon Theatres, Limited, of Vancouver, has been announced. ‘Kathleen’ To Star O'Connor and Blyth Donald O’Connor, after a threeyear absence from the screen while in the army, has returned to star with Ann Blyth in a love story based on Christopher Morley’s famous novel, “Kathleen,” at Universal. To be produced and directed by Frank Ryan, the picture is being given top budgeting and will be filmed on the campus of either Southern California or Los Angeles universities,