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MOM.> in;iiiNi) THE scfikkn 23
11.— FINANCE.
A. — The Main Groups.
23. (a) The Oaumont Group. Tho main romj)aiiy of thi« fjroup is i\w (jlaunioiit Britisli IMclurc Corporation Ltd., fornu*d in Marc'li, 1027*. This coinfiany itself owns a niiinlxT of cinemas and has control of tho following theatre circuits : —
Albany Ward Theatres.
Associated Provincial Picture Hou.ses.
Dennian Picture Hou.ses.
General Theatres Corporation.
H. & G. Cinemas.
Provincial Cinematograph Theatres.
United Picture Theatres.
Gaumont Super Cinemas.
The total interest of the grouj) in the exhibition sphere is at present reported to include over 'M)() theatres and cafes.
In the production sphere the company owns studios at Shepherds Bush and controls Gamborough Pictures, Ltd., with studios at Ishngton, while educational films are produced by Gaumont-British Instructional Films (a subsidiary of G.B. Equipments, Ltd.), and news reels b}^ the Gaumont-British News.
The distributing organisation of the combine is GaumontBritish Distributors, Ltd., which also has an American branch company.
British Acoustic Films, Ltd., International Acoustic Films, Ltd., and G.B. Equipments, Ltd., are equipment subsidiaries of the group which has also a substantial interest in the Baird Television Co., and in the radio industry (Bush Radio). Among its other subsidiary or associated companies are C. & M. Productions, New Standard Film Co., and Standard Film Co.
24. Control. Gaumont-British Picture Corporation Ltd., is controlled by the Metropolis and Bradford Trust Co., Ltd., which o\^Tis 2,915,000 Ordinary 10s. shares out of a total of 5,000,000 issued (of these shares 2,100,000 are held on behalf of Twentieth CenturyFox Film Corp. and 815,000 on behalf of three Ostrer Brothers).
* The original Gaumont business in London was founded in 1898 by Lt.-Cob A. C. Bromhead in the form of an agency for Leon Gaumont of Paris. In 1914 the Gaumont Co. constructed and equipped the tirst large modern film studios in London. In 1922 the Gaumont Co. came entirely under British control, the majority proprietory interest being acquired by Lt.-Col. Bromhead and his British associates. At the same time the Ostrer Brothers, hitherto known as merchant bankers, became identified with the concern. When in 1927 the Gaumont British Picture Corporation Ltd. was formed to acquire the Gaumont Co. Ltd., the Ideal Film Renting Co. and the W. & F. Film Service Ltd. with a group of 22 theatres (later expanded by further acquisitions to about 300), Lt.-Col. Bromhead was appointed chairman of the new company, a position from which he resigned in 1929.