:19:02
	We're very fortunate the young man
is so sympathetic toward music.
:19:06
	He plays the tuba in the town band.
:19:10
	- Here he comes.
- Good.
:19:14
	The first order of business will be
electing a new chairman of the board.
:19:19
	As a gesture toward the best friend that
opera ever had, the late Mr Semple,
:19:24
	it's fitting his nephew, Longfellow Deeds,
be made our next chairman.
:19:28
	- I therefore nominate him.
- Seconded.
:19:31
	- All those in favour?
- Aye!
:19:33
	Carried.
Our congratulations, Mr Deeds.
:19:37
	- I'm chairman?
- Yes. You've just been elected.
:19:40
	- I'm chairman!
- Happy voyage.
:19:43
	Right here, Mr Deeds.
:19:48
	- Next, the secretary's minutes.
- Move we dispense with it.
:19:52
	- Seconded.
- All in favour?
:19:54
	- Aye!
- I think they can be dispensed with.
:19:56
	- Now, the treasurer's report.
- Dispense with it.
:19:59
	- Seconded.
- All in favour?
:19:59
	Quite right. Now, gentlemen,
the next order of business...
:20:01
	Just a minute.
What does the chairman do?
:20:05
	Well, the chairman
presides the meeting.
:20:08
	That's what I thought.
:20:10
	But, if you don't mind, I'm rather
interested in the treasurer's report.
:20:12
	The treasurer reports a deficit
of $180,000 for the current year.
:20:22
	A deficit? We lost that much?
:20:26
	You see, Mr Deeds, the opera
is not conducted for profit.
:20:28
	- It isn't? What is it conducted for?
- It's an artistic institution.
:20:32
	- We own an opera house, don't we?
- We do.
:20:36
	- And we give shows?
- We provide opera.
:20:39
	- But you charge? You sell tickets?
- Of course.
:20:42
	- And it doesn't pay?
- Impossible. The opera has never paid.
:20:45
	Well, we must give
the wrong kind of shows.
:20:49
	There isn't any wrong or right kind.
Opera is opera.
:20:51
	I guess, but I wouldn't care to be head
of a business that kept losing money.
:20:55
	That's not common sense. Incidentally,
where is the $180,000 coming from?