222 honorary capacity, had given the young boys the correct impression of the 'Everton' requirements. Before dealing with details of the Income & Expenditure a/c, the Chairman informed the Meeting that Mr. W. R. Williams had attended 34 Meetings out of a possible 34. On the matter of finance, Messrs P. Ney & W. H. Sawyer were the only Shareholders to ask questions. In referring to the item of Players & Trainers Benefits, the Chairman spoke of the Boards recognition of H. E. Cooke's services during the past 35 years. These services had been invaluable for their honesty of purpose & their genuine fulfilment. Auditor's Report Mr. H. W. Bowler then read the Auditor's Report. Passing of Balance Sheet On the proposition of the Chairman, seconded by Mr. W. C. Cuff, the Directors' Report, Accounts & Balance Sheet were unanimously adopted. Dividend It was agreed on the proposition of Mr. W. C. Gibbins seconded by Mr. G. Evans, that a Dividend of 7½% (less Income Tax) be paid, on the paid-up Capital of the Company, for the year ending 6th May, 1939. Election of Auditors Messrs T. Theodore, Rogers Bowler & Co., were re-elected Auditors, on the proposition of Mr. H. Allman, seconded by Mr. G. H. Garner. Elections of Directors The Chairman declared that Messrs A. Coffey, W. C. Cuff, & A. Gate, the retiring Directors offered themselves for re-election & that Mr. A. N. Denars had also been nominated. A poll had been demanded by Messrs C. S. Baxter, W. C. Cuff, F. W. Lake, T. Percy & A. Coffey, in accordance with the Company Act appertaining, & that a ballot would be taken accordingly.