26 [Meeting of Directors held at Exchange Station Hotel on Tuesday 17th May 1927] Present Mr. W. C. Cuff (Chair) & all other Directors except Mr. A. Coffey. Minutes The Minutes of Directors meeting held on 3rd inst. & Finance Committee on the 6th inst. were read & confirmed. Finance The following receipts were reported Bradford City F. C. Balce. of Fee re Batten £250 Barker & Dobson Rent S. Lane £ 40 Cheques were signed for the following. Players Wages (Sundry) Staff £340.10.0 Poole F. C. Transfer Fee £100.0.0 Dr. C. S. Baxter Fees £ 63.0.0 Central League Sub & Rules Bks. £ 20.12.0 Bank Balance £17479.12.11 Dr. Accounts The Secretary presented the accounts for the period ending 7th inst. and 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 valued for the purpose of the Balance Sheet 3933.0.0 at £3977.3.4. 3535.7.3 2. That a depreciation of 10% be written off all Stands, Hoardings & Eretions amounting to £3384.8.3. 3. That the amount expended on Clothing Material 326.16.6 & Stores £323.3.10 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.