He hoped we would take our defeat like sportsmen & show a determination, each & every one to put every effort forth to bring the Club back to the 1st Division. The Directors had used every effort to save the club from relegation. The Chairman then formally moved & Mr. W. J. Sawyer seconded the adoption of the Accounts, Balance Sheet & Report. Mr. W. J. Minto stated that the poor selection of players had most to do with the bad season. He stated that all promises had not been kept (Directors) & suggested they all resigned. Mr. J. A. Davies stated that although a sum of £19.7.000 had been spent in wages & transfer fees since the War the club had never except for one year held a decent position in the League, and that the Reserve Team had not been up to requisite strength. Mr. F. W. Lake spoke in similar strain and also pointed out that the Club had only won 9 F. A. Cup ties in 11 Seasons. Mr. J. Russell suggested a change of the whole Board, but the Chairman interviewed at this moment & stated there was a notice of Motion re this question later on the agenda. On the Motion of Mr. R. A. Giattan seconded by Mr. A. Lomax the a/cs & Balance Sheet were passed & adopted. Dividend On the proposition of Mr. E. Green seconded by Mr. A. Coffey, it was agreed that a Dividend of 7½ % less Income Tax, be paid on the paid up capital of the Company for the year ending 3rd May 1930.