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1 correction by Brooksie - Show corrections

"FILM DID NOT COST

STATE A PENNY."

Mr. Mair on "40,000

Horsemen."

Commenting on the announcement that the State Government had sold its share in

"Forty Thousand Horsemen," the Australian Light Horse film to the producing company Famous Feature Films Ltd. for £15,000, the     Premier, Mr Mair, said last night that this meant that the film had not cost the State  

a penny.

"Originally," said Mr Mair, "The Govern- ment guaranteed the production of certain pictures, one of which was 'Forty Thousand Horsemen," to encourage the establishment of     motion picture productions as a local industry and to maintain employment in that industry when the Australian film producers were in a         position of stress.

"The Treasurer, Mr Richardson, and I followed very closely the negotiations with the   film interests, so that all the necessary protec- tion possible could be given to Government funds. The Government did not, in the case of "Forty Thousand Horsemen," supply funds         but merely gave a guarantee for a specific

sum - £15,000 - and fortunately the picture is of such high quality that its success is un- doubted, and the producers have a profit-

maker. Negotiations are practically complete for the lifting of the Government guarantee so that the Government's objective - to stimu late Australian production - has been served a   good picture has been produced and it has not cost the Government one penny. This  

should vindicate the Government's action in its relationship with Australian films."

Digitisation generously supported by
Vincent Fairfax Family Foundation
Digitisation generously supported by

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