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MONKV HKHIM) THK SCKKKN
51
To rouiplc'to tho picturo ol mi)rt)^n^('-(U«l)f!>tiir»^ finanoint,' during the iir.sl Icii inontlis ot tluH year, we riiUHt .idd ovrr £'M)H,{HHi on account ordislriljuling conciTus (Tw ickrnhani l''ihn DiHtrihutorH, Ltd., witli il.'>0.(HM) and AM.sociatcd British Fihn DistnljutorM, \A<[., with £14(),(MK) boing the largcHi dobtoFH), and over £:j.M2,2r><) on account of wtudio cnterpriscH (Pincwood Studi(jH with £3()(J,(X)0 and Wort on Hall Studios with £7H,(MH) being the largest items). Adchng all these items to.L^ether, we find that in the first ten months ot 19,'U) the British lilm imlustry in its threi; spheres of pro<lurtion, distribution and exhibition, took up short term loans or fixed inUTCst bearing mortgages, etc., amounting to a sum in excess of £12,635,000.
Tho most prominent financial groups concerned in these loans (other than Aldgate Trustees, Denham Securities and Prudential Assurance) are : —
LAW DKBKNTVRE CORPORATION. LTD. : £
Exhibition : Assotiutrd BritiHh Picture C'orjKjratioii. Ltd. ... 3,500,000 Gamnont-liiiti.sh ((Jen. Theatres Corp. &, Haymarket (^apitol) 550.000
Total
... 4.050,000
BRANCH NOMINEES, LTD. :
Distribution : Associated British Eilm Distributors, Ltd.
140,000
P^xhibition : A.B.P.C. Group (Ass. Cinem.
Prop.) ...
500.000
Odeon group
...
GG.OOO
Union group
...
... 800,000
County group
...
460,000
Other cinema companies ...
Total
60,000
... 2,026,000
EQUITY & LAW LIFE ASSURANCE SOC:
Production : Capitol Film Corp
160.000
Trafalgar Film Prods.
60,000
Studios: Pinewood Studios
... 300,000
Exhibition: Union group
500,000
County group
36,000
Total MORRIS MOTORS, LTD. :
Exhibition : Coliseum Syndicate (secured on Coliseum & Chandos Public House)
C. T. BOWRING & CO. (INS.), LTD. :
Production : London Film Prod., Ltd. ... Distribution : Ace Films, Ltd.
Nat. Provinc. Film Distr., Ltd
Twickenham Film Distr., Ltd
Total GUARDIAN ASSURANCE CO., LTD. :
Exhibition: Gaumont Super Cinemas, Ltd
EAGLE, STAR AND BRITISH DOMINIONS INSURANCE CO., LTD.
Exhibition: Odeon Theatres
Palace (Chatham), Ltd
Total
.066,000
300,000
247,702 90,000 25,000
150,000
512,702
140,000
100,400 22,800
123,200