. THE .
Everton Football Club Company Ltd.
Report of Directors to the Sixty-first Annual General Meeting of
the Company to be held on Thursday, the 11th July, 1940.
__________________
The Directors in submitting the Accounts of the Company for the Period
ending 15th June, 1940, beg to report thereon as follows—
The Balance to credit of Profit and Loss
Account brought forward from last
year amounted to ... ... ... £52917 8 3
Less Dividend paid June, 1939 ... ... 105 17 11
____________
52811 10 4
Add Income from Properties ... ... 478 9 0
Add Income from Investments ... ... 396 19 6 875 8 6
_________ ____________
53686 18 10
Less Excess of Expenditure over Income as
shewn by Accounts ... ... ... 9135 10 0
____________
44551 8 10
The Directors have made provision in the Accounts for
Depreciation, amounting to ... ... ... 4674 0 0
____________
Leaving a Balance carried forward of ... ... ... £39877 8 10
____________
Considering the present situation the Directors are of the unanimous
opinion that the Company will best serve the National cause by refraining from
taking part in Competitive Football and they trust that the Shareholders will
endorse this decision.
Further the Ground has been offered to the Central Council of Recreative
Physical Training, for their purpose in preparing Volunteers of all ages from 16
years upwards for future emergencies.
The retiring Directors are MR. E. GREEN, DR. C. S. BAXTER, and
LIEUTENANT T. PERCY, who are eligible and offer themselves for re-election.
No other nominations have been received.
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 12th
day of JULY, 1940.
W. C. GIBBINS, Chairman.
____________________
ATTENDANCE OF DIRECTORS AT ORDINARY MEETINGS:
NUMBER OF MEETINGS, 16.
Mr. W. C. GIBBINS ... ... 16 Mr. G. EVANS, J. P. ... 12
,, E. GREEN (to 29/4/39)... 15 ,, W. C. CUFF ... 10
Dr. C. S. BAXTER ... ... 15 ,, A. COFFEY ... ... 9
Mr. W. R. WILLIAMS ... ... 15 Lieut. T. PERCY ... 8
Ald. A. GATES, J. P.... ... 15
In addition to above 12 Emergency and Sub-Committee Meetings were held.
