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58 MONEY BEHIND THE SCREEN
trade (Capitol Film Corporation, Pinewood Studios, Union, County, etc. ; the prominence of the legal investment or insurance concerns is a curious feature of present-day film finance). The directors of this prospering concern, paying dividends ranging from 25 to 35 per cent, per annum on its ordinary shares (since 1925) are : —
Chairman : Rt. Hon. Sir Dennis H. Herbert, K.B.E., M.P.
Deputy-Chairman : Sir Bernhard E. H. Bireham.
fH. M. Crookenden. Lord Ernie. H. M. Farrer. Sir Roger Gregorr. R. F. Hohne. Directors J A. H. James. Lord Kennet. Rt. Hon. C. A. McCurdy. A. E. Messer. W. P. Phelps. Sir Roger Poole. C. Wigan.
We have already encountered R. F. Holme as a director of Radio Pictures, Ltd. and Radio-Keith Or[)heum, Ltd. Rt. Hon. C. A. McCurdy is also a director of London Express Newspaper, Ltd., while A. E. Messer is interested in Trinidad Lake Asphalt, Iboro Sugar Estates, etc. The other interests of this group, as revealed in their directorships are mainly confined to the investment and insurance spheres.
Like the Warburg banks, the BowTing companies, comprising an old established merchant house in Liverpool, Newfoundland and the United States, a shipping enterprise and associated finance and insurance undertakings, are almost wholly family concerns. The Bo wring family are the descendants of an early 17 th century Devonshire woollen weaver, and their prosperity dates mainly from the establishment of their Newfoundland business in the early 19th century. The present heads of C. T. Bowring & Co., Ltd., are Sir F. C. Bowring, J. P. (chairman) and Hon. Sir Edgar R. Bowring, K.C.M.G.
In the Prudential Assurance Co., Ltd., whose total assets exceed £302 million, we meet one of the most powerful financial organisations of the modern capitalist world. Built up on the weekly penny premium payments of some 27 J million working class households in this country, the interests of this concern, established by means of cross-directorships, investments and loans, extend from the United States to India, from the British Mutual Banking Co., Ltd., to Marks and Spencers, from German government loans and British armament makers to London films. The following twelve men are tlie directors of this concern : —