Minute Book

		filled at next meeting.

O'Donnell		It was decided to place this player on
		transfer.

Schools F.A.		Agreed to grant this Assocn. the use of G. Park
		on Monday 29th inst.

Finance Committee	Decided that Mr C Hayes be appointed to
		this Committee in place of Mr W J Sawyer resigned.

Articles of Assocn.	The Chairman submitted alternative valuations
		by Messrs Leitch & Partners of the property of the Coy. as follows
			At a break up price	£27980.11.3
			As a going concern	£77997.4.7
		and he expressed the view, and recommended, that
		the latter valuation be taken as one of the basis
		of the proposed compromise. He also read Messrs Theodore,
		Rogers, Bowler & Co's letter of the 8th inst. thereon and
		proposed that the terms upon which the company
		would be disposed to comply with the demands of
		the Football Assocn. set out in their regulation as
		to the formation of Companies should be that
		the Football Assocn. should grant to the Company
		the power to increase the capital of the Company
		by the issue of 22500 shares of £1 each, that the
		Company be entitled by resolution to capitalise
		£23,052.10.0 out of the undistributed profits and
		that the sum of £23,052.10.0 be distributed by way
		of bonus as follows:-
		(a) in making 2210 partly paid shares into fully
			paid shares £552.10.0
		(b) in fully paid shares to the present shareholders
		of the Company £22,500
		After discussion it was unanimously resolved that
		the Chairman as such be instructed to submit such
		terms to the Football Association for their consideration,
		the terms when arranged to be subject to confirmation