A GILT-EDGED INVESTMENT

Evening Post, Volume CVIII, Issue 134, 3 December 1929, Page 14

A GILT-EDGED INVESTMENT

FULLER-HAYWARD THEATRE CORPORATION. 8 PER CENT. MOBTGAGE DEBENTURE STOCK. The issue of £100,000 of 8 per cent, mortgage debenture stock which is now being made by Fuller-Hayward Theatre Corporation should attract the attention of all investors who desire to participate in a sound investment. The security ia valued at £328,000 and the net profits of the corporation for each of the past three years have exceeded £20,000, being more than 2J times-the interest on the present issue. The corporation owns, leases, or is financially interested in 60 cinema: theatres with a total seating capacity exceeding 63,700 persons, and its annual turnover exceeds £500,000. More than 7,000,000 tickets of admission to these theatres are sold annually. The total capital invested in these premises exceeds £1,000,000 ana the annual return upon that amount exceeds an average of 7 per cent. , .

In the past a certain amount of capital has been invested by the public in several separate properties controlled by the corporation, but the present security is over the whole of its. assets, and the purpose is to complete its reconstruction 1 programme, which in T eludes the building or rebuilding of 12 theatres. Others are also provided for and talking picture equipment. has "been, or is being installed by;, it in thirty theatres. It is anticipated that the ■ result of this re-organisation will bo to increase the net profits of the business considerably.

-Applications'.: should--be-lodged on or before.-,, Saturday ■ 21st December, through-the company V brokers,- . the Craig Investment Co., Ltd., e/o P. E. Pattrick, Esq., A.M.P. Buildings, Box 542, Wellington.—Advt. ' «