Baird Co. Finance

Radio Record, Volume II, Issue 45, 24 May 1929, Page 30

Baird Co. Finance

[HE first report of the Baird Television Development Company is announced by a balance-sheet made up to June 30 last.. It does not, however, include a profit and loss account, Against the company’s issued and subscribed capital of £124,999 is held, at date of balance-sheet, £61,572 in cash: Patent rights and other interests in ingventions stand at £21,092, while development and exploitation expenditure accounted for £24,950. The capital consists of £99,999 in £1 preferred participating ordinary shares, and £25,000 in. is. deferred shares. Of these 500,000 deferred shares, Baird International ‘Television, Ltd, acquired 300,000, together with one-third share in the foreign and colonial patent rights. ° The B.1.T., Ltd., being capitalised at £700,000, Baird ‘Television Development preferred participating -rdinary shares changed hands recently at 37s. 6d., and the deferred ordinary at 16s. 6d., while the 5s. "A" shares of -the International Company were active at around 11s. 6d. ~