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The Prospectus for the building of the Alhambra Theatre, Perth in 1921

The Prospectus for the Alhambra Theatre, Perth in 1921 - Kindly Donated by Condra Kerr, whose Great Uncle was James Currie.

Above - The Prospectus for the Alhambra Theatre, Perth in 1921 - Kindly Donated by Condra Kerr, whose Great Uncle was James Currie.

PROSPECTUS.
[A Copy of this Prospectus has been filed with the Registrar of Joint Stack Companies.]
THE SUBSCRIPTION LIST IS NOW OPEN AND APPLICATIONS FOR SHARES WILL RECEIVE ALLOTMENT IN THE ORDER IN WN1CH THEY ARE RECEIVED.
THE CURRIE ENTERPRISES, Limited
Incorporated under the Companies Acts, 1908 to 1917, whereby the
Liability of each Member is limited to the amount of his Shares.
AUTHORISED CAPITAL, £30,000.
In 30,000 Shares of £1 Each.
Already issued... 5,600
Leaving unissued... 24,400

There are now offered for Public Subscription 20,000 Shares of £1 each, payable as follows:- 2/6 per Share on application; 7/6 per Share on allotment; and the balance as and when required, not less than one month's notice to be given to Shareholders.

Payment may be made in advance, and Interest at the rate of Five per Cent. per annum will be payable on such sums, in accordance with Article 17 of the Company's Articles of Association.

Directors.
W. S. EDWARD, Fermata, Adelaide Place, Dundee, Proprietor of the Tivoli and the Main Street Picture Houses, Dundee, and Part-Owner of The Picture House, Dundee, Chairman.

JAMES CURRIE, 25 Marshall Place, Perth, Managing Director.
ROBERT CAMPBELL, Solicitor, Drumcharry, Perth.
ROBERT STEWART, Solicitor, Benarty, Balhousie Avenue, Perth.
JOHN MITCHELL, Craiglea Villa, Friar Street, Perth.

Bankers.
THE CLYDESDALE BANK, LIMITED, St John Street, Perth.

Solicitors.
JOHN A. STEWART & CAMPBELL, Solicitors, Clydesdale Bank Buildings, Perth.

Auditors.
MOIR WOOD .& CO., Accountants, Royal Bank Buildings, Perth.

Brokers.
HUSBAND & SINCLAIR, Stockbrokers, 4 King Edward Street, Perth.

Architect.
A. K. BEATON, Architect, 9 Charlotte Street, Perth.

Secretary and Registered Office.
J. A. G. SINCLAIR, 4 King Edward Street, Perth.

PROSPECTUS.

The Prospectus for the Alhambra Theatre, Perth in 1921 - Kindly Donated by Condra Kerr, whose Great Uncle was James Currie.The Currie Enterprises, Limited (a Private Company), was formed in April, 1921, for the purpose of acquiring on lease or by purchase from Mr James Currie, Theatrical Entertainer, 25 Marshall Place, Perth, the portable Theatre known as the Perth Pavilion, and to carry on the business of Entertainment and Amusement Proprietors. The Private Company was formed with a nominal Capital of £1200, divided into 1200 shares of each. Since its incorporation the Private Company has acquired by purchase, also from Mr James Currie, in addition to the Perth Pavilion, the following assets:— (1) The Pavilion, Arbroath; (2) The La Scala Picture House (Leasehold), the goodwill thereof, and the whole contents therein, situated in Scott Street, Perth; and (3) All Scenery, Cinema Machines, Electric Fittings, etc., formerly used in connection with Perth City Hall Entertainments. The purchase price paid to Mr James Currie for these assets—viz. (1) The Perth Pavilion; (2) The Pavilion, Arbroath (3) La Scala Picture House, goodwill, and whole contents; and (4) Scenery, Cinema Machines, Electric Fittings, etc., formerly used in connection with Perth City Hall Entertainments—was £5200, and was satisfied by the allotment to him of £5000 shares of £1 each and £200 in cash. No part of the purchase consideration was specifically payable for goodwill. To comply, however, with the requirements of the Companies Consolidation Act, 1908, this may be stated at £1100.

The replacement value' of the Assets of the Company as at 1st October, 1921, is £4106 7/-. The Company will also receive a substantial proportion of the profits earned by the Private Company during the summer season just ended. In order that the Capital of the Company should more accurately correspond with the Assets thereof, the Capital was increased to £5600.

The Private Company having also acquired from Mrs Susan Janet Campbell Chrystal or Blair a new site and property in Kinnoull Street, Perth, for the erection of an up-to-date Variety and Picture Theatre, to be called the Alhambra, has also by Special Resolution been converted into a Public Company for the purpose of developing the business, and it is with this object in view the present issue of Shares is being offered.

Alhambra.

The Prospectus for the Alhambra Theatre, Perth in 1921 - Kindly Donated by Condra Kerr, whose Great Uncle was James Currie.The purchase price of the Kinnoull Street site, upon part of which the Alhambra is being erected, is £3250, and includes the buildings and ground occupied and tenanted by the St John's Foundry and Engineering Company, Limited. The St John's Foundry and Engineering Company, Limited, have an option from the Company to purchase the subjects occupied by them at a sum of £2400, which option can be exercised up to Whitsunday, 1925. Meantime the Foundry buildings and ground are leased to the St John's Foundry and Engineering Company, Ltd., on the following rentals:— (1) £100 per annum for four years from Whitsunday, 1921, to Whitsunday, 1925; (2) The tenants have an option of a further lease of five year at £85; and (3) An option of a still further lease for five years at £100. On the site above referred to in Kinnoull Street, Perth, the Company are in progress of erecting a large up-to-date Variety and Picture Theatre to be called the Alhambra. The site is an admirable one, being in the very centre of the city and eminently suitable for the purpose. Mr James Currie is has proved there is a large demand for such a House. The building will seat 250 persons, and every modern convenience for the accommodation, comfort, and safety of the patrons will be introduced. It is hoped the Theatre will be ready occupation in the beginning of 1922. Mr A. K. Beaton, Architect, upon whose Plans the Theatre is being erected, estimated the cost of the Theatre and furnishings at £22,000. The Contracts are subject to rise and fall of wages and materials.

The Directors do not favour the publication of estimated figures in order to attract subscribers. They, however, realise in submitting this Prospectus for the consideration of the general public, it is essential to give available figures.

The business done by (1) the La Scala Picture House and Miscellaneous Entertainments (exclusive of the Pavilion) for the year ending 30th April, 1921, and (2) the Perth and Arbroath Pavilions for the summer season of 1921, is as follows:

Actual Drawings... £14,007 8 8
Actual Expenditure... 12,205 0 8
Profit (subject to Depreciation)... £1,802 8 0

The Prospectus for the Alhambra Theatre, Perth in 1921 - Kindly Donated by Condra Kerr, whose Great Uncle was James Currie.It will be noted that the above figures represent the profit earned during what is, in effect, one year's working of all the Entertainments, which, after allowing for adequate depreciation, is sufficient to pay a substantial dividend on the existing capital of £5600.

There will be, however, other and much greater sources of income. A first-class Revue Company has been engaged to go on tour throughout Britain during the Winter, and the booking up-to-date is highly satisfactory, and the Directors believe this will prove a lucrative source of revenue.

Further, excellent progress is being made with the erection of the Alhambra Theatre, and, on completion, the business and profits of the Company will be materially increased.

Without submitting any estimated figures, the Directors confidently anticipate that the profits to be earned by the Company, as enlarged, will be such as will make the Shares a very remunerative investment.

The Prospectus for the Alhambra Theatre, Perth in 1921 - Kindly Donated by Condra Kerr, whose Great Uncle was James Currie.The Managing Director is a man with an intimate knowledge and long experience of every branch of the business.

The Company will pay the expenses relative to the extension of the Capital of the Company, including registration fees and stamp duties, legal charges, and the printing and advertising of this Prospectus. These expenses are estimated at £750.

No portion of the issue of Shares has been underwritten, and no promotion money has been or will be paid.

A brokerage of 6d per Share will be paid upon Shares applied for and allotted upon applications bearing stamps of Brokers and approved Agents.

The contents of the Memorandum of Association, with the names, descriptions and addresses of the signatories and the number of Shares subscribed for by them respectively, accompanies the Prospectus and forms part of the Prospectus.

The above transcribed text forms part of the 1921 Prospectus for the Alhambra Theatre, Perth - Kindly Donated by Condra Kerr, whose Great Uncle was James Currie, and whose Grandfather was Harry Girling, both mentioned on the last page of the Prospectus shown above. Images are from the same Prospectus.

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