Motion Picture News (Mar-Apr 1923)

1644 Motion Picture News THE BANKRUPTCY ACT FOR SALE BY TENDER Sealed tenders will be received by the undersigned, up to twelve o'clock noon of Wednesday, April 25th, 1923 for the purchase of the following assets of ALLEN THEATRES, LIMITED Head Office: TORONTO, ONTARIO. being — PARCEL 1 : The Rex Theatre, Regina, Saskatchewan — Comprised of those certain parcels of land situate in the City of Regina, Province of Saskatchewan, and being Lots 24 and 25 in Block 285, according to plan of records in the Land Titles Office for the Assiniboia Land District at Regina as Old No. 33; together with the Theatre thereupon commonly known as the Rex Theatre, Regina. The amount invested in the land and theatre premises is stated to be $108,584., and the whole is subject to a mortgage of $24,000., bearing interest at the rate of 8% per annum, and maturing on the 1st day of July, 1923, which said mortgage and interest thereon from January 1st, 1923 must be assumed by the purchaser. PARCEL 2: The Allen Theatre, Regina, Saskatchewan — Comprised of the interest of Allen Theatres, Limited, in a lease of the theatre premises situate on Lots 38, 39 and 40 in Block 304, in the City of Regina and Province of Saskatchewan. The rental payable under said lease is at the rate of $12,200. per annum, payable monthly in advance ; the lessor to pay taxes — business taxes and licenses excepted. Said lease is said to expire on or about December 30th, 1928, subject to the privilege of renewal for a period of ten years at a rental to be fixed, as provided by the terms of said lease. PARCEL 3 : The Lyric Theatre, Cobalt, Ontario — Comprised of the land registered in the office of Land Titles at Haileybury, Ontario, as Parcel 28 in the Register for South Section Temiskaming in the Township of Cobalt, in the District of Temiskaming, in the Province of Ontario — with theatre thereupon. The amount invested in the theatre and land is stated at $18,000. PARCEL 4: Mortgage Receivable on property of Aliens London Theatre, Limited — The interest or equity of Allen Theatres, Limited, is a certain mortgage made by Aliens London Theatre, Limited, to Jule and J. J. Allen and Allen Theatres, Limited. The principal amount due upon such mortgage is $45,000. with interest at the rate of 7% per annum from January 25th, 1923, and such principal is repayable at the rate of $1,500. semi-annually, on the 8th days of May and November, 1923 and 1924, and $38,000. on the 8th day of May, 1925. Such mortgage is subject to a mortgage for $20,000., with interest at 7% per annum, the principal amount of which is repayable at the rate of $350. on each of the 25th days of Mav, September, October, November and December 1923, and the balance of $18,250. on the 25th day of January, 1924. Interest is payable monthly and in addition two further amounts — which must be assumed by the purchaser — of $300. each are pavable to the mortgagees on the 25th days of March and April, 1923. PARCEL 5 : Mortgage Receivable on property of Aliens St. Catharines Theatre, Limited — The interest or equity of Allen Theatres, Limited, in a mortgage made by Aliens St. Catharines Theatre, Limited, to Jule and J. J. Allen and Allen Theatres, Limited. The principal amount due upon such mortgage is $29,250. with interest at the rate of 7% per annum. The mortgage is repayable at the rate of $3,000. per annum, on the 26th day of April in each year until fully paid, while interest ia payable on the 26th days of April and October in each year. Interest upon such mortgage has been paid up to March 7th, 1923. Such mortgage is subject to a mortgage of $10,750. which bears interest at the rate of 7% per annum and is repayable at the rate of $450. on the 8th days of each and every month until October 8th, 1923, when the whole outstanding balance has to be met. Interest upon the principal of the mortgage outstanding from time to time has to be paid on the 8th day of each month. PARCEL 6: Preferred stock of Aliens Winnipeg Theatre, Limited — The interest of Allen Theatres, Limited, in five thousand four hundred dollars par value (54 shares) of 7% Cumulative Preferred shares of Aliens Winnipeg Theatre, Limited, and accumulated dividends. The total Preferred Stock issue outstanding is $325,000., (3,250 shares) and accumulated dividends. PARCEL 7: Interest in shares of Common Stock of Aliens Winnipeg Theatre, Limited — The interest of Allen Theatres, Limited in six hundred and twenty-two thousand three hundred dollars par value (6,223 shares) of the Common capital stock of Aliens Winnipeg Theatres, Limited. The .outstanding Common capital stock of Aliens Winnipeg Theatre, Limited, is $1,000,000. (10,000 shares) of a par value of $100. each. PARCEL 8: Common shares of Aliens Winnipeg Theatre, Limited — One hundred and two thousand dollars par value (1,020 shares) of the Common capital stock of Aliens Winnipeg Theatre, Limited. PARCEL 9: Preferred stock of Aliens Calgary Theatre, Limited — Twenty-seven thousand five hundred dollars par value (275 shares) and unpaid dividends thereupon of 8% Cumulative Preferred stock of Aliens Calgary Theatre, Limited. The amount of 8% Cumulative Preferred stock of Aliens Calgary Theatre, Limited, issued and. outstanding is $260,000. (2,600 shares) and accumulated dividends thereon. PARCEL 10: Common shares of Aliens Calgary Theatre, Limited — ■ Four hundred thousand dollars par value (16,000 shares of $25. each) of the Common capital stock of Aliens Calgary Theatre,