Record #945

Date:
28/02/1933
Record Type:
Statement
From/By:
Harry Warner, President, Warner Bros.
Reel:
Reel 10
Frame Start:
10-1002
Legacy ID:
953
Legacy Year:
1933
Legacy Index:
Warner Bros.

Statement issued to WB mortgage holders. WB adopted a policy of "retrenchment and rigid economy" 2.5 years ago -- they were the 1st company to cut salaries and omit payments of dividends -- do not intend to go into receivership but do intend to "adjust" rents, mortgages etc.

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