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175

		Competition would be submitted to the Directors
		by the Liverpool County F.A. in due course for
		approval.

J. Brown	Proposed Indemnity submitted by the Secretary was
		approved.

Annual		The Secretary presented the Accounts of the Company
Accounts	for the year ending April 30th 1915 with the Balance
		Sheet and Mr. Herbert Bowler having explained same
		the following resolutions were passed:-
1.		That the amounts due from sundry debtors be
 £532.15.8	valued for the purposes of the Balance Sheet at
		£994.2.5 on open accounts, it being reported that
		this amount consisted of, Stockport County £25 re Gault,
		Arsenal £450 re Bradshaw, Cardiff City £300 re Beare,
		St. Mirren £35 re T. Page, Chelsea F.C. £74.2.5
		compensation, F.A. £100 share of Semi Final
		receipts and £10 lent to J. S. Maconnachie on
		security.
2.		That a depreciation of 10% be written off Stands,
 £1075.18.10	Hoarding and Erections amounting to £1195.9.9
		and that £337.14.7 being the amount standing
		against office fixtures, fittings &c. be written off.
3.		That the amount expended on Clothing material
 £69.3.4	and Stores £223.5.10 be written off against Income
		and Expenditure account.
4.		That the Statement of Accounts, Balance Sheet and
		Profit and Loss Account be approved.
5.		That the law costs, stamp duties and agency charges
		in connection with the purchase of the Gwladys Street
		property be debited to the Profit and Loss account instead
		of being added to the purchase price of the property.