THE 778 Everton Football Club Company Ltd. Report of Directors to the Sixty-third Annual General Meeting of the Company to be held on Thursday, the 2nd July, 1942. The Directors in submitting the Accounts of the Company for the Period ending 30th May, 1942, beg to report thereon as follows— The Balance to credit of Profit and Loss Account brought forward from last year amounted to ... ... ... £34337 1 5 Add Income from Properties ... ... 607 10 1 Add Income from Investments ... ... 3 4 6 _________ 610 14 7 Add Excess of Income over Expenditure ... 1270 17 2 __________ 36217 17 2 Less Payments (on account) in respect of War Damage ... ... ... ... 398 2 9 Less War Damage Contribution on Houses and War Damage Insurance ... ... 101 2 0 499 4 9 _________ ___________ 35718 12 5 The Directors have made provision in the Accounts for Depreciation, amounting to ... ... ... ... 3786 0 0 __________ Leaving a Balance carried forward of ... ... ... £31932 12 5 ____________ The Directors desire to record with very great regret, the loss sustained by the Company, through the death of Mr. Andrew Coffey and Alderman A. Gates. Mr. Coffey was in his 30th year as a Director, and Mr. Gates joined the Board in 1938. In their respective service, they gave of their best. Both were due for re-election this year, along with MR. W. C. CUFF, who is eligible and offers himself for a further period of service, which will bring his association with the management of the Club to the 50 years mark. Nominations have been received on behalf of MESSRS R. E. SEARLE, C. C., of Sefton Street, Liverpool, and R. R. TURNBULL, Dowhills Road, Blundellsands. There being three vacancies, these gentlemen will accordingly be declared elected for the ensuing three years. 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 3rd day of JULY, 1942. W. C. GIBBINS, Chairman. ATTENDANCE OF DIRECTORS AT ORDINARY MEETINGS: NUMBER OF MEETINGS, 6. Mr. W. C. GIBBINS ... ... 6 Mr. W. C. CUFF ... ... 2 Dr. C. S. BAXTER ... ... 6 Mr. E. GREEN ... ... 2 Mr. W. R. WILLIAMS ... ... 6 Capt. T. PERCY ... ... 1 Mr. G. EVANS, J. P ... ... 3 Mr. A. COFFEY (decd. 12/2/42) 1 Alderman A. GATES, J. P. (decd. 23/5/42) ... 0 In addition to above 6 Emergency and Sub-Committee Meetings were held.