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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.