96
a very successful Tour in Switzerland where
we had won all our matches and had been
exceedingly well received.
The majority of the items on the Expenditure
side of the a/c's had been reduced and the
profit of £10499.15.4 had been the largest
we had even had.
He regretted that during the Season we
had suffered the loss of our oldest Director,
(Dr. J. C. Baxter) who was one of the Pioneers of
the Club & who had died in January last,
and the Shareholders present paid their tribute
to his memory by standing in silence. They
had however, kept the name in connection with
the Club by co-opting his son Dr. Cecil S. Baxter
in his stead & this was heartily concurred in
by the Shareholders.
He also referred in sympathetic terms to the
long & trying illness which Mr. H. Banks, their
colleague, had gone through, but he was pleased
to have him back in harness again.
On the proposition of the Chairman, seconded
by Mr. W. J. Sawyer, the Accounts, Balance Sheet &
Report were unanimously adopted & passed.
Dividend Mr. E. Green proposed & Mr. W. C. Gibbins
Seconded that a Dividend of 7½% (less Income
Tax) be paid on the paid-up Capital of the Coy.
for the year ending 5th May. 1928.
Election of} There were no opposition candidates and
Directors } the Chairman duly declared Messrs C. S. Baxter,
E. Green & A. R. Wade re elected for a period
of 3 years, and in doing so, thanked the
Shareholders for the confidence they had
reposed in the Board.
