61 [Meeting of Directors held at Goodison Park Liverpool on Monday 6th June 1921.] Present Mr. A. Coffey (Chair) " E. Green Mr. W. R. Clayton " R. J. Francis " H. Banks " W. C. Gibbins " W. J. Sawyer Mr. J. G. Davies Minutes The Minutes of Directors & Finance Committee meetings held on the 26th inst. were read & confirmed. Finance The Secy. reported the following receipts:- £ s d Share from L'pool Senior Cup 184. 12. 5 Chelsea F.C. Compensation 224. 17. 2 Football League Exs. Refunded 12. 9. 6 Dividend on War Loan 62. 10. 0 The Bank Balance was reported to be £6818.15.1 Dr. Annual A/Cs Mr. Herbert Bowler attended & presented the A/Cs for the year ending 7th May 1921, 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 £614.17.2. 1963.14.5 (2) That a depreciation of 10% be written off all stands, hoardings & erections, amounting to £635.6.7. 571.15.11 (3) That the amount expended on clothing material & stores £351.7.11 be written off the Income & Expenditure a/c. 413. 16.5 (4) That the Statement of a/cs., Profit & Loss a/c & Balance Sheet be approved.