251 [Meeting of Directors held at the Bradford Hotel, Liverpool on Thursday 25th May 1922] Present Messrs A. Coffey (Chair), H. Banks, E. Green, W. J. Sawyer, W. C. Gibbins, W. C. Cuff & A. R. Wade. Minutes The Minutes of Directors & Finance Committee meetings held on the 17th inst. were read & confirmed. Annual a/cs Mr. Herbert Bowler attended & presented the a/cs for the year ending 6th May 1922, making detailed explanations, and it was resolved: (1) That the amount due from Sundry Debtors be valued, for the purpose of the Balance Sheet, at £1963.14.5. £2034.8.10 (2) That a depreciation of 10% be written off all 514.12. 6 Stands Hoardings & Erections, amounting to £571.15.11. (3) That the amount expended on clothing, 362. 6.9 material & stores £413.16.5 be written off the Income & Expenditure a/c. (4) That the Statement of a/cs, Profit & Loss a/c & Balance Sheet be approved. (5) That a dividend of 5% (free of Income Tax) on paid up capital be recommended. Annual Meeting It was proposed that the Annual Meeting be held at the Central Hall, Renshaw St. Liverpool on Friday 9th June 1922 at 7.30 pm prompt. Thurs. 24th Admission to the meeting to be on presentation of the Balance Sheet. It was decided that the Auditors of the Coy (a) attend at the offices of the Coy to receive proxies & afterwards decide on the validity thereof. (b) provide ballot boxes for the voting papers. (c) take control of admission to the Annual Meeting.