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			[Meeting held at Goodison Park, L'pool,
			Tuesday, 9th May, 1939.]

		Present :- Mr. E. Green (Chair.), all other Directors & Secy.

			Minutes of Meeting of the 2nd inst. & of Finance
		Meeting of the 4th inst. were read & confirmed.

Finance			A Cheque was reported received from :-
		Linfield F. C.			£190.0.0
			Cheques were signed for :-
		W. Laine,	Wages & Xes.	£19.13.2
		Theo. Kelly	Staff Wages	£79.0.0
			Bank Balance £21,810.8.2 Dr.

Accounts &		Mr. H. W. Bowler attended & presented the
Balance Sheet.	Statement of Accounts for the year ending 6th May, 1939,
		& it was resolved that :-
			The amount due from Sundry Debtors
		be valued for the purpose of the B/S. at £47.9.0.
			A Depreciation of 10% be written off
		all Stands, Hoardings & Erections, amounting to
		£5193.17.1 & that the amount of £223.9.7 standing
		as the present value of the Marconiphone Equipment,
		be written off in full.
			The Amount expended on Clothing & Stores
		be written off the Income & Expenditure a/c.
			The Statement of A/cs; 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 decided that the Annual
		General Meeting of the Company be held at the
		Law Association Rooms, Thursday, 29th June, 1939
		at 7.30 pm.
			It was agreed that the Auditors