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United Artists Corporate Minutes (Jan-Dec 1939)

Page scan 00087 from United Artists Corporate Minutes

Record Details:

Title:
United Artists Corporate Minutes
Date:
Jan-Dec 1939
Volume:
United Artists Corporate Minutes (1939)
Leaf #:
00087
Language:
English
Subjects:
Motion Pictures, Motion Pictures
Collection:
Hollywood Studio System
Contributor:
Wisconsin Center for Film and Theater Research
Sponsor:
Mary Pickford Foundation
Coordinator:
Media History Digital Library
Date Added:
August 27, 2022
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-Li. * aw be left to the General Manager and that he be authorized to ne gotiate and conclude a settlement. 15. ADVANCE TO HAL ROACH: : The General Manager reported that after he had canvassed each director for his approval, he hed paid to the assignee of Hal Roach Studios, Inc. $75,000. es en advance against future film rentals to be recouped at the weekly rater of $7500. or more, the amount being dependent upon collections after recoupment of the previous advance. “, This action was approved unanimously. 16. JAPAN*S THREE YEAR CREDIT FUND: Mr. Muller reported thet Mr. Al Lowe, the former manager of the Tokyo office, was a member of the committee which negotiated with the Japanese Finance Minister for the transfer of Japanese Yen to the Yokohama Specie Bank for payment to the United States motion picture pro-— ducers in dollars three years after the dates of deposits. Mr. Lowe stated that the arrangement with the covermment was that the sums transferred would represent royelties on pictures imported into Japan prior to September, 1938, including an estimate of the amount of royalties to be accrued on such pictures to the Slst of December, 1938. Mr. Muller commented thet under the circumstances it seems feir that this money if received by United it should be proroated among the pictures imported into Japan prior to September, 1938, in accordance with the credit balanc of such pictures as at December 31, 1938.