NOVA PUBLICATIONS - THE END

Below are the first two pages of the report notifying shareholders of the 1964 AGM. There are a further two sheets of detailed financial breakdowns, but the summary in these pages tells the story.

page 1:
NOVA PUBLICATIONS LTD

Davis House,
69-77 High Street,
Croydon,
Surrey.


Directors

J.D. Copeman (Chairman)
E.J. Carnell
F.C. Copeman
L.Flood
J.B. Harris
G.A. Smart

NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of the Company will be held at Davis House, 69-77 High Street, Croydon, Surrey, on Tuesday, 7th July, 1964 at 12 noon.

To appoint Auditors and fix their remuneration.

To transact any other ordinary business of the Company.

By Order of the Board.

R.M. Best
Secretary.

9th June, 1964.,

Notes- i) A member entitled to attend and vote at the afore-mentioned meeting is entitled to appoint a proxy to attend and vote for him or her, and a proxy so appointed need not be a member of the Company.

ii) Preference Shareholders have no right of voting in respect of their holdings of Preference Shares.'

page 2:
NOVA PUBLICATIONS LTD

Davis House,
69-77 High Street,
Croydon,
Surrey.


The Directors submit their Report and Statement of Accounts for the year to 31st December, 1963.

As members will see from the results, 1963 was a most disappointing year, Early in the year "Science Fiction Adventures" ceased publication. Falling sales and increased costs have made the position of the company increasingly serious. In the light of this and after a careful consideration of the future prospects, the Board regretfully decided early this year either to sell the goodwill of the titles or to cease publication. In the event they were able'to dispose of "New Worlds" and "Science Fantasy" for a nominal sum. The last issues published by the company appeared in April and the company will virtually cease trading during the current year. The Directors greatly regret this action but had no alternative in the face of continuing losses.

The Board wish to express their deep appreciation of the loyal services and considerable efforts of their colleague Mr. E.J. Carnell, who has managed and edited the magazines for so many years, They wish him well in his new appointment and are sure that the shareholders will join them in this.


The trading loss for the year, as shown by the
annexed accounts was ...............
To this must be added the deficit brought forward
from the previous year ..............

Less Provision for subvention payment from fellow subsidiary company after an adjustment on 1962...
Leaving a deficit to be carried forward to 1964...
£
1,948

1.006
2,954

1.840
1,114

By Order of the Board

R.M. Best
Secretary.


9th June, 1964.

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