103 [Meeting of Directors held at Exchange Hotel, Liverpool on Tuesday 12th January 1932] Present Mr W. C. Cuff (Chair) & all other Directors. Minutes The Minutes of Meeting held on the 5th inst & Finance Meeting held on the 7th inst were read & confirmed. The Finance Committee brought forward the question of Bank Interest & Commission stating that in their opinion the charges were excessive. The Secy produced a letter dated 28th Septr 1925 from the Bank Manager stating that the interest on overdraft would be ¼ per cent over Bank Rate, (but this had been exceeded) & Commission 1/8th%. The Secy was instructed to write him on the matter. Finance The following receipts were reported:- Back Gate v L'pool £2638.6.8 Sale of Cup Tickets £711.7.0 the total gate now being £5056.12.8 and the Exs. 1- Tax £845.5.10 Exs of Match £107.8.10. 1% to League £20.10.4. ½ net gate to each club £2051.18.0. Secy reported that a grab raid had been made at No. 2 turnstile and £6.12.0 stolen. He had reported same to the Insurance Co. T. Mitchell ¼ rent Stopgate Lane £1.5.0 Birmingham FC 20% £201.1.3 Bank Balance £5838.6.3 Cr. Cheques were signed for the following:- Liverpool F.C. ½ net gate £2051.18.0 Football League 1% £20.10.4 Collector of Customs & Excise Ents Tax £845.5.10 Liverpool City Police Services £55.13.6 T. H. McIntosh Wages &c £340.0.0