2 JULY 1937, Page 46

IMPENDING THEATRE ISSUE.

During his speech to shareholders Mr. Philip Hill made an interesting • announcement with regard to the impending issue by the Company of Debenture stock of Odeon 'Theatres, the amount to be offered being £1,800,000, applications by share- holders of Philip Hill and Partners Ltd. to receive preferential consideration. I understand that subsCribers to the Debenture issue will also have an opportunity of obtaining a certain number of Ordinary shares, and it is expected that the issue will be made in the coming week. Mr. Hill also spoke hopefully with regard to the general outlook for markets.

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