4 The Chairman read to the Shareholders a letter from the Auditors intimating that having regard to the serious loss of income sustained by the Club during season 1915-16 owing to the fact of the War, they proposed making a rebate of Ten guineas from the fee which was authorised at the last Annual Meeting and that subject to the approval of the Directors they (the Auditors) in the event of their re-appointment would be content to accept a reduced fee of Forty guineas during the continuance of the War. The Chairman in leaving the matter in the hands of the Shareholders warmly eulogised the action of the Auditors and the Shareholders in accepting the proposal testified their appreciation of such voluntary action. Mr. William Green proposed, Mr. Joseph Hunt seconded and Mr. George Mitchell supported and it was unanimously resolved that a hearty vote of thanks be accorded to the Directors for their services. The Chairman having acknowledged same declared the meeting at an end. July 4th 1916 W. R. Clayton