18 in the Country and he desired to pay a tribute to the Chairman of the Ground Committee (Mr H Banks) who spent practically the whole of his time in superintending same. The value of our players was not included in the Balance Sheet. With regard to the playing record, both he & his colleagues were very proud of the team's success. Three years ago we were relegated & they were not too happy over the position. The achievements since then had been very great and he paid a very warm tribute to the Players who had shown wonderful team spirit and loyalty to the club & no praise was too high for them and he had the shareholders approval to inform them of the great thought they had for them. Mr J. Russell asked a question regarding the Sundry Debtors, and the Chairman explained that the bulk of the amount was owing at the end of the Season by the FA for Cup Final receipts which however had now been paid. The Chairman thereupon moved the adoption of the Directors Report, Statement of a/cs & Balance Sheet and this was seconded by Mr A. Coffey and carried unanimously. Auditors Report The Auditors Report was read by Mr H. Bowler of Messrs T Thos Rogers Bowler & Co. Dividend On the proposition of Mr E Green seconded by Mr W C Gibbins, 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 6th May 1933.