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6 | © bat throughout the years there had always been an inexhaustible supply. The Chairman informed Mr. Ardrey that the zompany did not have second money available and the Owners do not choose to make it available. Mr. Kelly stated that Mr. Yousling is absolutely dependent on the decision of Mr. Ardrey even though he has other partners, such as teving Trust Company, who express their confidence in us by offering to lend the money for the RED pictures and Wentworth Johnson stated that we are not going into bankruptcy and that any such talk is ridiculous. The Chairman stated that Bank of America are going to contime as usual and that Security-Pirst National Bank are hoping that we can convince Mr. Ardrey to com tinue with the prodmcers they -reviously financed. The Chairman stated that he has started a cash collection drive in the United States and he is going to try to raise as near $1,000,000 as he can. He stated that it has teen done before by most of the companies and we won't have to pay out the money representing the advance payments until the pictures are billed. The Chairman stated that Security-First National Bank would like very much to make the Cagney loan and, if the Lesser funds should be available to Cagney as second money, he believed it will go through. Mr. Schwartz stated he t-wrwPeceived a phone call from Mr. Lesser to the effect that he had $1,500,000 in assets, of which $750,000 was in cash and, in addition, a revolving fumd crelit q , of $3,000,000 and he wanted to put it at our disposal. He stated that Mr. Lesser ial has a seven year studio commitment at. REO Studio. Mr. Schwartz asked Mr. Lesser to sutmit his proposition in writing but it has not yet arrived. 5. Tae Ohiznen stabed thetthe MD propesal wns fed the exten purchase
of four pictures at cost, which includes 2734 studio overhead. ‘The pictures and
»
their costs areas foltows:
INDIAN SUMMER $1,042, 892 RETURN OF THE BADMAN 955, 976 OUT OF THE PAST 1,132,421 STATIONS WEST
$4, 582,042