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	    (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 Street
		Liverpool, on Tuesday 21st inst. at 7.30 pm. prompt
		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 validity thereof
		(b) provide ballot boxes for the voting papers.
		(c) take control of admission to the Annual
		  meeting & the distribution & counting of voting
		  papers, and that they be authorised to obtain
		  the necessary assistance.
		(d) despatch the notices of the meeting and copy
		  of a/cs to shareholders.

Ground Repairs		It was decided to accept the following
		tender for work to be done & contractors to be
		notified that all work must be completed by
		31st prox.

		Messrs Foster Bros & Cuthbert	for
		    Renewing crush barriers straight arms	16/6 ca
				do		bent  do	23/- ca
		    Alter railings near No. 1	Turnstile	£7.0.0
		    Provide & fix new W. I. Gate in back-passage £16.0.0

		Mr. W. Clarkson	for
		    Remove & refix 2 Turnstiles with necessary
		    brick building, Repair & Paint roof of South
		    Stand, Repair glass in roof & also gutters
		    on ground side of Goodison Rd. Stand £234.5.0

Retiring Directors 	Messrs W. R. Clayton & J. G. Davies intimated
		that it was not their intention to seek re-election
		at next Annual Meeting.