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& Expenditure items showed natural fluctuations,
attendant upon the national situation, the Chair-
man made particular reference to the new item of A. R. P.
& Fire Watching expenses, and to the valuable services
rendered by Messrs H. E. Cooke, E. Storey, & others of
the local A. R. P. post & Balloon Barrage site, in
dealing with 59 incendiary bombs & preventing a
much larger item under "War Damage" costs.
Depreciation had been dealt with in
the usual manner, so that the figure of £38,000
as valuation of stands, &c., was several
thousand pounds below the actual 1938 cost
of the latest stand, alone.
Auditor's Report Mr. H. W. Bowler read the Auditor's Report.
Proposing of B/S On the proposition of the Chairman,
seconded by Mr. G. Evans, the Directors Report.
Accounts & Balance Sheet, were unanimously adopted.
Dividend Mr. E. Green proposed & Mr. R. E. Searle
seconded, that no Dividend be paid. The proposer
pointed out that Football Association regulations
provided for retrospective payments up to a
period of 3 years. This proposition was
carried unanimously.
Re-election of Auditors Messrs T. Theo Rogers, Bowler & Co.,
were re-elected auditors at a fee of sixty Guineas
on the proposition of Mr. V. Enwright, seconded by
Mr. R. E. Searle. Mr. H. W. Bowler thanked the Company.
Re-election of Directors Messrs W. C. Gibbins, G. Evans & W. R.
Williams being eligible & there being no further
nominations, the chairman declared these three
retiring Directors, re-elected for a period of
3 years.
Each of these gentlemen responded.
