[Meeting of Directors held at
Exchange Station Hotel Liverpool
on Friday 15th May 1925]
Present Mr. W. C. Cuff (Chair) & all other Directors.
Minutes The Minutes of Finance Committee meeting
held on 1st inst. & Directors meeting held on
the 5th inst. were read & confirmed.
Accounts The Secretary presented the a/cs for
the year ending 2nd inst. and after Mr. H.
Bowler for the Auditors had given explanations
on the various items; it was resolved
(1) That the amount due from Sundry Debtors
be valued, for the purpose of the Balance
Sheet at £3419.2.7.
(2) That a depreciation of 10% be written off all
Stands, Hoardings & Erections, amounting to £416.16.10.
(3) That the amount expended on Clothing Material
Stores £364.12.4 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 28th inst. at 7.30 pm. -
Admission to be on presentation of Balance Sheet.
It was also decided that the Auditors
of the Company (a) attend at the office of the Coy.
to receive proxies
W. C. C. (b) provide ballot boxes for the voting papers
(c) take control of admission to the Annual Meeting &
the distribution & counting of voting papers & that
