GAUMONT-BRITISH OUTLOOK.
Shareholders of the Gaumont-British Picture Corporation gave unmistakable evidence at last week's meeting of their strong support for the directors. Mr. Isidore Ostrer, who presided, showed that the decision to cease production at Shepherd's Bush is part of a general plan for consolidating the position. He anticipates improvement in several depart- ments of the Corporation's finance during the current financial year. Reductions have already been effected in the amounts due to the Corporation from its subsidiaries since the beginning of the current financial year, with a corresponding fall in the Corporation's own bank overdraft. Further declines in both items may be expected before the next accounts are made up on March 31st, 1938, and Mr. Ostrer foreshadowed a consider-
ably higher profit this year than-last. A. H. D.
Previous page
