112 [Meeting held at Exchange Hotel, L'pool, Tuesday, 24th May, 1938] Present:- Messrs W. C. Cuff (Chair), E. Green, A. Coffey, W. C. Gibbins, Dr. C. S. Baxter, G. Evans, T. Percy, R. R. Turnbull, A. Gates & Secy. Minutes of Meeting of the 9th inst., were read & confirmed as correct. Finance Cheques were signed for:- Flags, Ltd. Decorations £250.0.0 Chas. E. Turnock Timber £8.8.4 Archd. Leitch & Partners Various £408.12.2 Central League Sub & Books £20.12.0 Theo Kelly Wages & Xes. £350.0.0 do Salary £41.13.4 Bank Balance £28,489.14.9 Dr. Accounts & B/S. Mr. H. Bowler attended & presented the Statement of Accounts for the year ending 7th May, 1938 & it was resolved that:- The amount due from Sundry Debtors be valued for the purpose of the B/S at £1088.2.3. A depreciation of 10% be written off the old stands, Hoardings & Erections amounting to £1228.1.1 & 15% off Marconiphone Equipment amounting to £39.8.9 & off Sundry Debtors the amount of £200 owing by Blyth Spartans, be written off as a bad debt. The amount expended on Clothing & Stones be written off the Income & Expenditure A/C. The Statement of A/C's. profit & Loss A/C, & B/S be approved. A Dividend of 7½% (Less Income Tax) on the paid up Capital of the Company, be recommended. A. G. M. It was agreed that the Annual General