The Everton Football Club Co. Ltd. Report of the Directors to the Seventieth Annual General Meeting of the Company to be held on Thursday, the 23rd June, 1949. The Directors in submitting the Accounts of the Company for the period ending 7th May, 1949, beg to report thereon, as follows:— The Balance to credit of Profit and Loss Account brought forward from last year amounting to .... .... £26826 4 10 Less Dividend declared 4th June, 1948, and paid, less Income tax .... .... 80 6 8 ______________ £26745 18 2 Add Income from Properties .... .... 746 12 6 Profit on Sale of Property .... 75 8 0 Interest on Purchase Money re Property .... .... .... 7 3 11 War Damage Commissioners (pay- ment on Account) .... .... 1621 8 11 ____________ 2450 13 4 ____________ 29196 11 6 Less Excess of Expenditure over Income .... .... 2351 10 7 ____________ 26845 0 11 The Directors have made provision in the Accounts for:— Depreciation on Stands, etc. .... £1959 11 6 Transfer to Reserve for Taxation .... 2951 13 0 Dividend for year to 7th May, 1949, less Tax .... .... 80 6 8 _________ 4991 11 2 _____________ Leaving a Balance to be carried forward of .... £21853 9 9 _____________ The retiring Directors are Dr. C. S. Baxter, Mr. E. Green, and Major J. C. Sharp, who are eligible and offer themselves for re-election. No other nominations have been received. Under The provisions of the Companies Act, 1948, the Auditors, Messrs. T. Theodore Rogers, Bowler & Co., will continue in office. The Transfer Books of the Company will be closed until the 24th day of June, 1949. Dr. C. S. BAXTER, Chairman. ATTENDANCE OF DIRECTORS AT ORDINARY MEETINGS. (Number of Meetings, 37) Dr. C. S. BAXTER .... .... 37 Mr. E. Green .... .... 35 Mr. W. C. Gibbins .... .... 37 Mr. w. R. Williams .... 35 Mr. R. E. Searle, C. C .... 37 Mr. N. W. Coffey .... 35 Major J. C. Sharp .... .... 37 Mr. H. R. Williams .... 34 Mr. F. W. Lake .... 31 In addition to above 15 Emergency and Sub-Committee Meetings were held.