The Everton Football Club Co. Ltd. Report of the Directors to the Seventy-second Annual General Meeting of the Company to be held on Thursday, the 14th June, 1951. The Directors in submitting the Accounts of the Company for the period ending 5th May, 1951, beg to report thereon, as follows: The Balance to credit of Profit and Loss Appropriation Account brought for- ward from last year amounting to £28325 16 9 Add Income from Properties .... .... £632 13 11 Profit on sale of Property .... 190 18 8 Tax Reserve not required... .... 3600 0 0 _______________ 4423 12 7 ______________ 32749 9 4 Less Excess of Expenditure over Income .... .... 9967 2 10 ______________ 22782 6 6 The Directors have made provision in the Accounts for:— Depreciation on Stands, etc. . . £1586 0 0 Dividend for year to 5th May. 1951, less Tax ... ... 80 6 8 ________________ 1666 6 8 _____________ Leaving a Balance to be carried forward of .... £21115 19 10 The retiring Directors are Mr. R. E. Searle, Mr. F. W. Lake and Mr. N. W. Coffey, who are eligible and offer themselves for re-election. Nominations have been received on behalf of Mr. T. C. Nuttall, Mr. J. Carson and Mr. R. F. Murphy. 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 15th day of June, 1951. W. R. WILLIAMS, Chairman. ATTENDANCE OF DIRECTORS AT ORDINARY MEETINGS. (Number of Meetings 41). Mr. J. C. Sharp .... .... 41 Dr. C. S. Baxter .... .... 38 Mr. N. W. Coffey.... .... 41 Mr. W. R. Williams .... 36 Mr. E. Green .... .... 40 Mr. W. C. Gibbins .... 36 Mr. R. E. Searle.... .... 39 Mr. F. W. Lake .... .... 29 Mr. H. R. Williams .... 17 In addition to above, 13 Emergency and Sub-Committee Meetings were held