[Meeting of Directors held at the Exchange Station Hotel Liverpool on Friday 11th May 1923] Present Mr W. C. Cuff (Chair) & all other Directors except Mr J. Sharp. Annual a/cs Mr Herbert Bowler attended & presented the a/cs for the year ending 5th inst, 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 £2034.8.10. (2) That a depreciation of 10% be written off all Stands, Hoardings & Erections, amounting to £514.12.6. (3) That the amount expended on Clothing, Material & Stores £362.6.9 be written off 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 & carried that the Annual Meeting be held in the Law Association Rooms, 14 Cook St Lpool on Thursday 24th 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 Company (a) take control of admission to the Annual Meeting, and (b) despatch notices of Meeting & copy of a/cs to Shareholders. Income Tax It was decided to appeal against the Assessment under Sch A (£2700) Players Signed The Secy reported that since the previous