OPERA HOUSE COMPANY.

Dominion, Volume 13, Issue 187, 4 May 1920, Page 3

OPERA HOUSE COMPANY.

■ ' .; -AKmiAli MEETING.' ' '•■

Mr. W. 11. p. Barber presided at the annual meeting of the Wellington Opera House Company, Ltd., .held yesterday. , The animal report gave the following information:— . ■ , ■■•.- ■■■'. '••..•

cm™ e * ne l l ,lofl tf?r'the year amounts.to £2799 os. lid. Adding this to the. amount Drought forward in appropriation account "St year, makes that account total £<M 1 95. Out of this there has been paid dividends .to the amount of £2914 lis. bi leaving a balance available of £1386 17s ii. The directors now propose a further dividend of 3 per cent, on the preference shares (making the usual 6 per. cent. In: the year), which will amount to £850 13s lid., and 25 per coAt. upon the ordinary shares, making o$ per cent, for the year, wnicli will amount to £500, a total oi £UW Us. lid. leavin? a balance of £28 3s: 7d. to be carried forward. In view of the aUered conditions due to the termination of the war, which may call for -increased activities on the part of. the company, and the probability'.el a rchrrahcement o. the company's finances. |bc board r«.' commend that the number of directors lie brought up to- its original strength, vn,., Elx * ' £?> In moving the adoption ofTftie report the chairman remarked on' the- dividsno on the ordinal shares' being qfily Sk her l n , t ;, or -!, pcr ««*• l<*s-than jfeual.," and - stated with regret that the directors' had no option in the matter. No sooner han they erected a new opera; house than the great war orokc.out; and following that nil the epidemic, and other drawbacks., The chier cause of the dron in the divittend was increased taxation. The comtin,, ?Sif alc ? upon l P Pay'no. less a sum than £981 hit yoar (1919-201. Other calls wJ^ ai .'i i ,o " ,c (, ' p,,ar ■""!'verandah. t«? -n 1 " ,e P'-'ospects ah»ad:,.were.betfw.,,' u l ,r *?"« Ips-bc. of- the- Grind 2 «°» so - "3'J. 0, Williamson. Ltd.; would expire on January 1. l? 21. and thero nli a prospect of getting' better terms O'her had made fcquW* Ll™? 0 ot &>■ 'beatre. an? an nS" PurchaSer" rM ' iT ° m a 3t, ' ai!:h - , -' ?he reiio-t was adopted. '• wpp?'™ „i. , J''? l ''"'™ l and C. Plimm'T Jrioi, v.!"-",' 1 ! ll 7 cto " and.Mr.-C.-Jioeh-,ll<,| ', t? , d a director to fill the