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SHARE IN LIGHT
Company Pays £1 5,000.
SOLD BY STATE.
The NSW. State Government has sold its interest in the Light Horse ulm "Forty Thousand Hoisemen" to Fam- ous Feature Films, Ltd , for £15,000.
Production cost of the film was about £30,000, of which the State Government guaianteed half. The balance was guaran- teed by Hoyts Theatics, Ltd, and Mi. H C Mclntyie who ha' clone a great deal to en- cornase Austiahan motion picture pioductioi) during the last 20 icais
famous Featuie Films Ltd was formed to pi aduce Forty Thousand Hoisemen," and the directois are Mr Charles C Munro managing directoi of Hoyts Theatres, Ltd.. Mr Mclntyie managing director of Univer- sal Pictures (Aasia), Ltd. and Mr Charles Chauvel, the pioduccr
Outiight puichase of the film by the com- pany will facilitate the anangement of foreign contracts While the State Govern- ment was intei ested all conti acts had to be submitted to the Crown Solicitor, even if thej were standard film hiring contracts
It is estimated that 'Forty Thousand Horse- men" will gross about £10,000 during the first three weeks ' its season at the May fai Theatre, Sydney. It opened its Brisbane ano Adelaide seasor., last Friday to record business It is believed that it will eivcced the Australian earnings of "On Our Selection," which grossed about £50,000
Biitish and oversea rights must also be aducd to the Austialian and American returns