AN OLYMPIA AT MANCHESTER. Notwithstanding monetary uncertainties, it looks as
though the autumn would see a certain amount of activity in the matter of new loan and new capital flotations. Quite apart from issues of a gilt-edged character which possibly may be made in connexion with the Government's plans for the relief of unemployment, preparations are known to be in progress for a certain number of issues by industries in this country. Not the least interesting project in the way of the companies amongst enterprises catering for amusement is the formation of a new company bearing the title of Northern Olympia, Ltd. This company is acquiring from the Salford Corporation something like 101 acres, which, it is stated, are situated only a short distance from the heart of Manchester. The lease has been taken for a term of 999 years, the first seven years being rent free. The scheme includes an exhibition hall, which, it is stated, will be the largest of its kind in the kingdom and nearly twice the size of the London Olympia main hall. There is also to be a theatre of modern design and an amusement park. The company will have a capital of £500,000, the chairman being Sir John Sandeman Allen, M.P. while the Board of Directors will include Mr. Llewely-n Caradoc Evans, late Town Clerk of Salford.
A. W. K.
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