Paimerston Opera House.
At the public meeting of those interested m the erection of the above, Mr Alex. Ferguson m the chair, it was unanimously resolved, "That m. the opinion' of the meeting" it was desirable that an Opera House be built at a cost not exceeding: £2500, and that a Committee ''consisting of Messrs Larcomb, West, Schult, Mitchell;" "Wollerman and Isheryyobd bs appointed to_ .consider the whole -question and report m a week."
Mr Isherwood informed the* meeting that with regard; to a Bite Mr'Wollerman had made a most liberal offer to the proposed Company of a acre section next Club .Hotel viz , price £750, Mr Wolleruian'eriebiiraging the enterprise by taking £100 wortli of Bhares,the balance to bear interest at 8 per cent. Title clear to be conveyed to Ootnpauy immediately on completion of purchase. The section be remarked had a frontfge to the Square of 66ft with depth 105 ft, In the proposed building there could be two shops m front, one on each aide of main entrance, having area of 20ft square, leaving entrance 26ft wide, the rental of which .might be put 'down at £100 per annum. Above the shops there would be a large and spacious meeting room, which it was suggested the of Falmerstonwould take at a rental of. £30 per annum. Thus giving £180 rental outside the revenue derived from Opera House. This room, too, it was only resonable to believe from its position would obtain a fair share of from the public, which might safely, be calculated to swell the' income to £2QQ s per. annum, whicli at 8. : per-centrepr'eSehts- interest on £?506---capital; clearly /showing that all reoeipta from Opera House would be clear profit. The present time, too, offered exceptional ! inducements for building, oapital, labor and building material bein? cheap. As to MrWolloruian'sofferno cash would be required at all at present. As to support he anticipated getting £500 m Palmerston North, but had no doubt the remainder could be obtained m Wellington jo a w«ak, Mr 0-, V, Shannon hftd prot misfld tuppprt, After a short disfiDs*
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Bibliographic details
Manawatu Standard, Volume XI, Issue 1720, 29 May 1886, Page 2
Word Count
346Paimerston Opera House. Manawatu Standard, Volume XI, Issue 1720, 29 May 1886, Page 2
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