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.