[Meeting of Directors held at
Exchange Station Hotel Liverpool
on Tuesday 18th May 1926.]
Present Mr. W. C. Cuff (Chair) & all other Directors
except Dr. J. C. Baxter & Mr. A. Coffey.
Minutes The Minutes of meeting held on the 4th
inst. were read & confirmed.
Accounts The Secretary presented the accounts for
the year ending 1st inst. & after Mr. H. Bowler, for
the Auditors, had given explanations of the various
items it was resolved:-
1. That the amount due from Sundry Debtors be
{3977.3.4} valued for the purpose of the Balance Sheet at £1153.17.11.
2. That a depreciation of 10% be written off all Stands
{3384.8.3} Hoarding's & Erections, amounting to £350.3.0.
3. That the amount expended on Clothing Material & Stores
{323.3.10} £352.1.4 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 7½% (less 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. on Thursday 3rd June 1926 at 7.30 pm.
Admission to be on presentation of Balance Sheet.
It was decided that the Auditors of the Coy.
1. Attend at the office of the Coy. to receive proxies.
2. Take control of admission to the Annual Meeting
& the distribution & counting of voting papers and
that they be authorised to obtain the necessary assistance.
3. To dispatch notices of meeting & copy of a/cs to
the Shareholders.
