The Everton Football Club Company Ltd. Report of the Directors to the Sixty-seventh Annual General Meeting of the Company to be held on Friday, the 5th July, 1946. Directors in submitting the Accounts of the Company for the period ending 18th May, 1946, beg to report as follows:— £ s. d. £ s. d. Balance to credit of Profit and Loss Account brought forward from last year amounting to .... .... .... .... .... .... .... .... .... .... .... 26108 19 3 Dividend declared 28th June, 1945, and paid less Income Tax.... .... .... 219 1 11 ------------ 25889 17 4 Excess of Income over Expenditure.... .... .... .... .... .... .... .... 21557 0 0 Income from Properties .... .... .... .... .... .... .... .... .... 546 6 9 Income from Investment .... .... .... .... .... .... .... .... .... 3 4 6 War Damage Commissioners (payments on account) .... .... .... .... .... 343 18 8 ------------ 22450 9 11 ------------ 48340 7 3 Less War Damage Repairs incurred during year .... .... .... .... .... ... 1083 3 4 War Damage Contribution .... .... .... .... .... .... .... .... ... 323 17 9 ------------ 1407 1 1 ------------- 46933 6 2 Less Directors have made provision in the Accounts for:— Depreciation, on Stands, etc .... .... .... .... .... .... .... .... 2500 0 0 Transfer to Reserve for Deferred Repairs ... .... .... .... .... .... 12500 0 0 Transfer to Reserve for Taxation .... .... .... .... .... .... .... 12000 0 0 ------------ 27000 0 0 ------------- ? a Balance to be carried forward of .... .... .... .... .... .... .... .... .... £19933 6 2 ------------- ? retiring Directors are Mr. Ernest Green, Dr. Cecil S. Baxter and Captain Thomas Percy, who are eligible, and Themselves for re-election. Nominations have been received on behalf of Messrs. C. E. Balmforth, T. C. Nuttall and J. C. Sharp. ? Auditors, Messrs. T. Theodore Rogers, Bowler & Co., retire, and offer themselves for re-election. ? Transfer Books of the Company will be closed until the 6th day of July, 1946. W. C. GIBBINS, Chairman. ATTENDANCE OF DIRECTORS AT ORDINARY MEETINGS. (Number of Meetings, 39). Mr. W. C. Gibbins .... .... .... .... 39 Capt. T. Percy .... .... .... .... .... 34 Mr. E. Green .... .... .... .... .... 39 Mr. F. W. Lake .... .... .... .... .... 34 Mr. R. E. Searle, C. C. .... .... .... 38 Mr. G. Evans, J. P. .... .... .... .... 33 Mr. W. R. Williams .... .... .... .... 36 Mr. W. C. Cuff .... .... .... .... .... 4 Dr. C. S. Baxter .... .... .... .... .... 35 In addition to above 10 Emergency and Sub-Committee Meetings were held.