271 [Meeting held at Xchange Hotel, L'pool Tuesday, May 30, 1950] Present:- Dr. C. S. Baxter (Chair) & all other Directors Manager & Secretary in attendance. Accounts & 97 Mr. G. H. Bowler attended & presented Balance Sheet the Accounts & it was decided that:- (1) The Amount due from Sundry Debtors be valued for the purpose of the B/S at £2678.9.10. (2) That depreciation be written off all Stands, Hoardings & Erections of £1640. (3) The Amount expended on Clothing & Stores be written off the Income & Expenditure account. (4) The Statement of A/cs, Profit & Loss, & Balance Sheet be approved. (5) Payment of Dividend at 7½%, less Income Tax, be made on the paid up Capital of the Company. (6) A Depreciation of 10% be written off the Amplifier system for wear & tear. (7) A Reserve for Taxation of £4,000, be set aside. A. G. M. 181 Agreed that this be held at the Law Association Rooms on Monday, June 26, 1950, at 7 p.m. Minutes Minutes of Meeting of May 1st were read and confirmed & also Finance Meeting of May 4th. Finance Receipt reported was Season Tickets £3040.0.0 Cheques were signed for:- J. W. Dickinson Salary £40.8.8 Theo. Kelly do £88.9.0 Income Tax a/c P. A. Y. E. (above) £41.19.0 Bank Balance £8402.15.11 Dr. 268 Swedish Tour The Directors who made this trip,