Kinematograph year book : 1931 (1931)

Bankruptcies ^ Liquidations, etc. 191 Motion Picture News, Ltd.— H. G. Prichard, of 429, Brixton Road, S.W.o, ceased to act as Receiver or Manager on September 30, 1929. (Notice filed February 19, 1930). Newport Amusements, Ltd.— R. C. Slade. accountant, of Midland Bank Chambers, Newport Mon., was appointed Receiver and Manager on February 13, 1930, under powers contained in debenture dated August 2, 1929. Palladium (Newport), Ltd.— C. E. Rollinson, of Westgate Chambers, Newport, Mon., was appointed Receiver on March 7, 1930, under powers contained in first mortgage debenture dated March 16, 1936. Piccadilly Theatre (1928), Ltd.— W. G. Blakemore, of 9, King's Bench Walk, Temple, E.C.4. was appointed receiver and manager by Order of Court dated July 4, 1930. Pimlico Cinema, Ltd.— H. J. M. Gregory, of 513. Salisbury House, B.C. 2, was appointed Receiver and Manager on September 9, 1930, under powers contained in mortgage and debenture dated October 3, 1925. Port Talbot Super Cinemas, Ltd.— G. G. Mullens of 49, Station Road, Port Talbot, ceased to act as Receiver on November 21, 1930. Princess Picture Theatre (Hoyland), Ltd.— W. S. Robinson, C.A., of Alma Chambers, Scarborough was appointed Receiver and Manager on May 23, 1930, under powers contained in debenture dated April 8, 1927. Princess Picture Theatre (Hoyland), Ltd.— J. B. Butterick, Accountant, of i, Cookridge Street Leeds, was appointed Receiver on May 28, 1930 under powers contained in debentures dated December 11, 1925. Reciprocity Films, Ltd.— E. J. Turbvfield of 25a, Fenchurch Street, E.C.3, ceased to act as Receiver and/or Manager on March 4, 1930. (Notice filed August 2, 1930.) Retford Cinema and Motors, Ltd.— A. T. Wmter of Bridgegate, Retford, and F. A. Prior, of General Buildings, Bridlesmith Gate, Nottingham were appointed Receivers on March 25, 1930, under powers contained in first mortgage debentures dated November 19, 1928 to September 30, 1929. Southsea Picture Playhouse Company, Ltd.— A. B. Casey, of Park Buildings, Portsmouth, ceased to act as Receiver and Manager on January 31, 1930. Supreme Films, Ltd.— R. Smith, of 6, Messina Avenue, N.W.6, was appointed Receiver on January 13, 1930, under powers contained in first debentures, dated April 3, 1929. T. N. E. Syndicate, Ltd.— H. Philcox, of 34, London Wall, H.C.2, was appointed Receiver and Manager on October 30, under powers contained in debenture forming part of series created January 27, 1930. Tyler Industries (Parent Company), Ltd.— G. M. Bishop, of 3, Soho Square, W.i, ceased to act as Receiver and/or Manager on December 17, 1929 West Central Film Services Ltd.— A. Bunch, of 159, Wardour Street, W.I, ceased to act as Receiver or Manager on Nnvember S, 1929. COMPANIES WINDING UP. (VOLUNTARY AND COMPULSORY LIQUIDATIONS.) De Forest Phonofilm Co., Ltd.— At a meeting of the shareholders on December i, at Carey Street, J. Biirwick I'hoiupson, Senior Assistant Receiver, who, presided, said the company was registered as a private company in July, 1923, with a nominal capital of £50,000. In April, 1926, it was converted into a public company, and on July 15, 1928, it was decided to sell the whole undertaking to British Talking Pictures Ltd., a new company with a capital of £500,000 the first asset to be a large block of shares in the new company. In the three years 1926-8 the company lost respectively £8,000, £10,000 and £19,000. The assets consisted of 463,376 shares in British Talking Pictures, which were estimated in the statement of affairs to realise nothing at all. Against this there was a sum of £5,861 due to British Talking Pictures for having met certain liabilities of the Phonofilm Co., accountants' fees of £162, solicitors' fees of £76, and also some money due to the Inland Revenue. After discussion by the shareholders it was decided that the liquidation be left in the hands of the Official Receiver. Kinsman and Ledger, Limited, film agents, 23, Bush Lane, Cannon Street, London, E.C.4. The sta-utory meeting of the creditors of the above was held on October 31, when it was stated that the company had passed resolutions for voluntary liquidation and had appointed S. R. Worley as liquidator. The company was formed in April, 1924 with a nominal capital of £2,500. In January, 1929, debentures for £2,500 were issued for cash whilst various sums had been obtained on loan. The company recently dealt in talking machine apparatus which, however, had proved a failure. The assets were insufficient to meet the debenture holders' claims, and there were consequently no assets available for distribution amongst the unsecured creditors, whose claims amounted to £5,074 9s. 9d. The actual amount due to the trade was about £i,ooo. A Receiver had been appointed by the debenture holders on October 17, last. Celebritone, Ltd. — At a meeting held by the Ofiicial Receiver of the creditors of this Com pany, 48 creditors to the value of £4,004, were in favour of compulsory winding-up ; five creditors, to the value of £578, were in favour of winding-up under the supervision of the Court ; and 38, with claims to the value of £4,257 voted that the voluntary winding-up should be continued. The Official Receiver informed the meeting that he would make his report to the Court in the terms of the decisions. British Phototone, Ltd. — On the company's own petition, Mr. Justice Maugham, in the Companies Court, on April 14, made an order for the compulsory winding-up of this company. Mr. Radcliffe, for the company, said it presented the petition because it found itself in an impossible position. It was being pressed by creditors for some £3,000, and eight of them had threatened legal proceedings. The company only had £150 in cash. Carlton Films (1929), Ltd., 17, Shaftesbury Avenue, London, W.i. The winding-up order against this company was made on October 14, and on November 7 the statutory first meetings of the creditors and the shareholders were held. The chairman reported that the company was incorporated with a nominal capital of £100 in July, 1929. Guiseppe Guarane Glavany, a director, had stated that the primary objects of the company was the purchase of a film entitled " Down Stream," and to give it British nationality. The company adopted all the contracts into whirli he had entered on its behalf before the