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determine tion, satd Dennis F.O'Brien is further hereby var Geceee to execute eny and all powers of Attorney which in his discretion msy be necessary to me. bring ebout and ceuse the orgenizetion P of such corporation in Germeny,@nd to euthorize such persdén as he may designete to act eas the oe of this corporétion, to wit, tlle Unise@-artists Ba Corporation of Delaware, ‘in Signing «nd executing any and ellipepers, documents end instruments negsessery or proper to eeuse such corporetion to be orgenized, Mr.Kelly, Treesurer,’ reported further thet there wes en-emount of approximately $80, 000 due to United Artists Corporetion from its subsidiary corporetion in Mexico s&s st" December 30,1931. This item wes for moneys peid by United Artists Corporetion to the producers, representing the pro-. ducers' shere of Pleyed & Eerned business in Mexico, finencing of prints and other cherges in its contrecfuel reletionship between the producers snd United Artists Corporation. This account hes remained unpaid for e considereble time and Mr.Kelly feels thet it will be impossitle for the subsidiery to repay this amount to the parent company under the existing conditions, for the following ressons. Re 1928, the Mexican corporetion hed @ profit of 36,074.45 Mexicen Pesos and it wes thought the Compeny was travelling elong successfully, end thet it would bse 5 svenguelly be able to pay its indebtedness... neni In 1929 the profit wes 4,775.19 Mexican Pesos.
+ ?
In 19350, there wes e profit of 4,418.30
Mexicen Pesos.