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Girls' Restroom annual instalments of #135,000 on August 1, 1919, 1920 and 1921. Except for these bonds and current accounts, the corporation was free of debt at the end of the first quarter of 1919. As an indication of the financial strength of the corporation the fact may be mentioned that the influenza epidemic in the autumn of 1918 cost it the loss of $1,750,000 in cash receipts. Notwithstanding this loss the corporation did not find it necessary to borrow from its banks to tide it over this period of business stagnation. Indeed, even before the epidemic was over the corporation began to liquidate a bank indebtedness of #2,000,000 which faced it when the influenza became serious. Before April 1, 1919, all of this in- debtedness had been wiped out and the corporation was still discounting its bills. Conforming to the custom of the industry which has been adopted from the theatrical world, Famous Players-Lasky Corporation counts its year's releases as beginning September 1, although its fiscal year ends on December 31. Gross corporate income for the year end- ing December 31, I9i8,was #18,090,500.25, of which #1,281,174.51 represented operating profit, equivalent to 7.1 of gross income. For the first quarter of 1919, gross earnings were #5,900,672.99, which is at the rate of #23,602,691.96 a year, or an increase of 30 per cent over the preceding year. Officers of Famous Players-Lasky Corpo- ration are Adolph Zukor, president: Jesse L. Lasky, first vice-president; Frank A. Garbutt, Walter E. Greene and Walter W. Irwin, vice- presidents ; Arthur S. Friend, treasurer; Emil E. Shauer, assistant treasurer; Elek John Ludvigh, secretary; Ralph A. Kohn, L. S. Wicker and Frank Meyer, assistant secretaries. The members of the Executive Committee are: Adolph Zukor, Jesse L. Lasky, Arthur S. Friend, Elek John Ludvigh,Emil E. Shauer, Walter E.Greene, Walter W. Irwin. The directors are: William H. English, vice- president of the Empire Trust Co.; Adolph Zukor, Jesse L. Lasky, and Walter W. Irwin, New York (terms expire 1920). Frederick G. Lee, presi- dent Irving Trust Co., director Irving National Bank; Wm. C. Demorest, president Realty Trust; Theo. F. Whitmarsh, capitalist and member of the wholesale grocery firm of Francis H. Leggett Co.; Accounting Department, Eighth Floor, Home Office »=11 ■■■■ ■■ ■ "'7'7r~.: ftnjmsnslf ; 5Bj= .ffffcif* "•Erring Projection Room ir ** [ 69 ] Exterior, Home Office