. THE .
Everton Football Club Company Ltd.
Report of Directors to the Fifty-Ninth Annual General Meeting of
the Company to be held on Monday, the 20th June, 1938.
The Directors have pleasure in submitting the Accounts of the Company
for the Year ending 7th May, 1938, and beg to report thereon as follows
The Balance to credit of Profit and Loss
Account brought forward from last year
amounted to ... £48674 6 3
Less Dividend paid June, 1937 ... ... 109 10 11
___________ 48564 15 4
Add Income from Properties 669 15 9
Add Income from Investments 265 14 6
__________
935 10 3
Less Excess of Expenditure
over Income as shewn by
Accounts ... 828 4 1 107 6 2
__________ ___________
48672 1 6
The Directors have made provision in the Accounts for
Depreciation, etc., amounting to ... ...1267 9 10
___________
47404 11 8
Out of this Balance the Directors recommend payment of a
Dividend at the rate of 7½ % per annum less income Tax
at 5/6 in the £, amounting to ... ... 105 17 11
____________
Leaving a Balance carried forward of ... ... £47298 13 9
____________
The retiring Directors are MESSRS. W. C. GIBBINS, G. EVANS, and R. R.
TURNBULL, who are eligible and offer themselves for re-election. Nominations have
also been received on behalf of MESSRS. W. R. WILLIAMS, of 16, Victoria Drive,
Liverpool, 9; FREDERICK S. FLINN, of 24, Bryanston Road, Prenton, Birkenhead
and CHAS. M. DOLBY, of 51, North John Street, Liverpool, 2.
The Auditors, MESSRS. T. THEODORE ROGERS, BOWLER & Co. retire and
offer themselves for re-election.
The Transfer Books of the Company will be closed until the 21st
day of JUNE, 1938.
W. C. CUFF, Chairman.
ATTENDANCE OF DIRECTORS AT ORDINARY MEETINGS:
NUMBER OF MEETINGS, 45.
Mr. E. GREEN ... ... 45 Mr. A. COFFEY ... ... 37
" C. S. BAXTER... ... 44 " T. PERCY ... ... 36
" W. C. GIBBINS ... 44 " J. SHARP (Decd.)
(28/1/38) ... 19
" G. EVANS ... ... 43 " A. GATES (Co-opted)
(22/2/38) ... 13
" W. C. CUFF ... ... 42 " R. R. TURNBULL (Co-opted)
(22/2/38) 10
In addition to above 19 Emergency and Sub-Committee Meetings were held.
