Book contents
- Frontmatter
- Contents
- List of Abbreviations
- Acknowledgements
- Introduction
- Part I An Industry in Crisis: 1945–1950
- Part II A Fragile Stability: 1951–1969
- Part III Crises and Contraction: 1970–1985
- Conclusion
- Appendix I Production Costs and Revenues of Selected Feature Films in the Late 1940s
- Appendix II National Film Trustee Company: Production Costs and Receipts
- Appendix III Budgets and Costs of Selected British First Features Guaranteed by Film Finances
- Appendix IV National Film Finance Corporation: Accounts, 1950–1985
- Appendix V Feature Films supported by the National Film Finance Corporation, 1949–1985
- Bibliography
- Index
Appendix IV - National Film Finance Corporation: Accounts, 1950–1985
Published online by Cambridge University Press: 18 November 2022
- Frontmatter
- Contents
- List of Abbreviations
- Acknowledgements
- Introduction
- Part I An Industry in Crisis: 1945–1950
- Part II A Fragile Stability: 1951–1969
- Part III Crises and Contraction: 1970–1985
- Conclusion
- Appendix I Production Costs and Revenues of Selected Feature Films in the Late 1940s
- Appendix II National Film Trustee Company: Production Costs and Receipts
- Appendix III Budgets and Costs of Selected British First Features Guaranteed by Film Finances
- Appendix IV National Film Finance Corporation: Accounts, 1950–1985
- Appendix V Feature Films supported by the National Film Finance Corporation, 1949–1985
- Bibliography
- Index
Summary
This appendix summarises the accounts provided in the annual reports of the National Film Finance Corporation between 1950 and 1986. The accounts refer to the twelve months ending 31 March, except for the first year where it covers the eighteen months from 1 October 1948 to 31 March 1950. The table includes: the total number of films (features and shorts) for which advances were made each year; the total value of loans; the corporation's profit or loss for the year; and the accumulated year-on- year balance of the corporation's lending history.
The NFFC had no capital of its own: it was funded by loans from the Board of Trade (later the Department of Trade) plus whatever income it received from interest on loans and its share in the box-office receipts of films. Its borrowing history may be summarised as follows:
Cinematograph Film Production (Special Loans) Act 1949: £5 million
Cinematograph Film Production (Special Loans) Amendment Act 1950: £1 million
Cinematograph Film Production (Special Loans) Amendment Act 1952: £2 million*
Films Act 1970: £5 million+
Films Act 1980: £1 million
* The additional £2 million made available under the Cinematograph Film Production (Special Loans) Amendment Act of 1952 was to be borrowed from non-government sources.
+The £5 million made available by the Films Act 1970 was over a period of ten years.
* The significant increase in the accumulated deficiency in 1953–4 over the previous year was due to the NFFC increasing its anticipated provision for loss on its loan to the British Lion Film Corporation.
+ The significant increase in the accumulated deficiency in 1954–5 over the previous year was due to the NFFC underwriting the share issue of the restructured British Lion Films.
# The reduction of the overall deficiency in 1963–4 despite the large loss for the year was due to the sale of the NFFC's interest in British Lion Films.
The NFFC's debts were written off by the Films Act of 1980 and therefore no longer included in the corporation's annual reports after 1980–1.
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- The Money Behind the ScreenA History of British Film Finance, 1945-1985, pp. 363 - 364Publisher: Edinburgh University PressPrint publication year: 2022