WELLINGTON THEATRES
NEW COMPANY FORMED From Our Resident Reporter WELLINGTON, Today. Developments in the picture theatre business in Wellington are indicated by the registration of a company calling itself Kemball’s Theatres, Ltd., to acquire the interests of Mr. W. R. Kemball, who at present controls about 30 moving picture theatres in Wellington. The initial capital of the company was registered at £72,500, in 37,500 preference shares of £1 each and 35,000 ordinary shares of £1 each, the whole of which stand in the name of Mr. W. R. Kemball, with the exception of 10 ordinary shares subscribed to by Mr W. R. Kemball, junr. By a special resolution carried immediately after the registration of the company yesterday, it was decided to increase the capital to £200,000, divided into 100,000 additional ordinary shares and 27,500 additional preference shares of £ 1 each on the same conditions and rights as those covering the initial share capital. It is reported that a/Turtber development is likely to eventuate in the direction of a working arrangement between. Kemball Theatres, Ltd., and the FullerHay ward moving picture theatre interests.
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Bibliographic details
Sun (Auckland), Volume IV, Issue 1014, 3 July 1930, Page 13
Word Count
182WELLINGTON THEATRES Sun (Auckland), Volume IV, Issue 1014, 3 July 1930, Page 13
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