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Mr. Silverstone further informed the meeting that the United artists vorporation, Ltd., the British Subsidiary of this company, had teken in its name the leasehold of the Pavillon-jheatre in tondon, and wes liable for the performance of such lease, but that such theatre was being operated by the Crescent iheatre Coupany, and that the profits derived from such operation were being retained by the Crescent Theatre Company. ght
After carefully considering the matter and discussing the sane at some length, the cxemitive Committee
determined that this company would assert ownership in all of the
foregoing interests in these properties. a
2. Mr. Lichtman informed the meeting that he had been n in negotiation with Mr. Norton, the representative of
= * Britisn & B20 esata + gehen in connection with the for certain changes in the out
"standing con: rei between the British « Dominions Company and
He informed the meeting that included among the chamges requested by the British « Dominions Company were the following: P
' (a) 4 release of their chief producer, Wilcox, so that he can produce pictures for distribution through other companies;
(b) The release of British & Dominions Company from its obligation to deliver to this company for distribution, its two pictures which are now completed, and the right to release the same through other companies; the reason for this being that by disposing of these films to another company, the British & Dominions would secure a large sum of money which would give then sufficient capital and also show a profit to Seshis. be te go-on with Lpbctabpurtchm gat =
eo = Sy SS eee SS Pee"
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