United Artists Corporate Minutes (Jan-Dec 1931)

Record Details:

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velue, Mr. Kelly presented figures showing the exact stetus of the accounts. tt 4 f | Upon motion duly meade, seconded and unanimously adoptea, it wes ‘ —_— —— ms . RESOLVED, thet the cepital stock of the Mexican subdsidiery be written off°on the books of United Artists Corporetion to Profit & Loss, the-seme hereafter earried as without value on the eccounts of the Corporetion, and thet the indebtedness of the Mexicen corporation to United Artists Corporetion be written off to Profit & Loss to the extent of the deficit of the Mexican Company es shown upon the deteiled consolideted belence sheet et the end of 1931. There being no further business before the meeting, ‘the same was adjourned.