TE ARO THEATRE.
TO THE EDITOR OP THE NEW ZEALAND TIMES.
SIR, —I see the promoters of the company are pushing on ; in fact they state that the whole of the shares are taken up. lam hap y to hear that so much money is available in Wellington; but have the subscribers considered the prospect of a dividend. It is all very well for the enterprising brewer who sells his land to the company for £55 per foot, to take up a few shares, and also the retail traders and landowners in the neighborhood ; but what about the unfortunate outsiders ? The present theatre up to the present has had uphill work ; and the city has not certainly increased sufficiently to support two large theatres. It is all very well for the promoters to say that Te Aro supports the present theatre ! That has to be proved. It is always to be expected, when money is invested in concerns not paying (as it will be in this case), that neither theatre will pay ! —which means that some £20,000 of Wellington capital will be unproductive to enable the promoters of the Te Aro Company to sell their land.—l am, &c,, Common Sense. Wellington, April 17.
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https://paperspast.natlib.govt.nz/newspapers/NZTIM18770418.2.16
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New Zealand Times, Volume XXXII, Issue 5013, 18 April 1877, Page 3
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203TE ARO THEATRE. New Zealand Times, Volume XXXII, Issue 5013, 18 April 1877, Page 3
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