796EFC-1-1-26_0234e.tif
				The Everton Football Club Co. Ltd.

		Report of the Directors to the Seventy-Third Annual General Meeting
		    of the Company to be held on Thursday, the 26th June, 1952.


		The Directors in submitting the Accounts of the Company for the period ending
		    3rd May, 1952, beg to report thereon, as follows:

		The Balance to credit of Profit and Loss Appro-
		    priation Account brought forward from last
		    year amounting to  ....   ....  ....   ....			£21115  19  10
		Add Income from Properties    ....  ....   ....	£926  19  8
		    Tax Reserve not required  ....  ....   ....	2900   0  0
		    Excess of Income over Expenditure...   .... 8655  10  9
								_____________	 12482  10   5
										_______________
										 33598  10   3
		The Directors have made provision in the Accounts for:
		    Depreciation on Stands etc .... ....   ..... 1418  0  0
		    Dividend for year to 3rd May, 1952 at 7½%
			less Income Tax ....   .... ....   .....   76 13  8
		    Taxation on Current Profits.... ....   ..... 3610  0  0
										  5104  13   8
										_______________
		    Leaving a Balance to be carried forward of ....   ....	£28493  16   7

		    The retiring Directors are Mr. E. GREEN, Dr. C. S. BAXTER and
		Mr. J. C. SHARP, who are eligible and offer themselves for re-election.

		    Nominations have been received on behalf of Mr. R. A. JOYNSON,
		Mr. W. H. SAWYER, Mr. R. E. SEARLE and Mr. J. TAYLOR.

		    Under the provisions of the Companies' Act, 1948, the Auditors Messrs
		Rogers, Bowler, Rushworth Smith & Co., will continue in office.

		    The Transfer Books of the Company will be closed until the 27th day of
		June, 1952.
								E. GREEN, Chairman.


		    	ATTENDANCE OF DIRECTORS AT ORDINARY MEETINGS.
				  (Number of Meetings 41).

		Dr. C. S. Baxter    ....    ....	41	Mr. W. C. Gibbons  ....  ....	33
		Mr. N. W. Coffey    ....    ....	40	Mr. W. R. Williams ....  ....	27
		Mr. E. Green        ....    ....	40	Mr. C. E. Balmforth....  ....	17
										(Possible 17)
		Mr. J. C. Sharp     ....    ....	40	Mr. F. Micklesfield....  ....	14
		Mr. T. C. Nuttall   ....    ....	39			(Possible 14)
	
		In addition to above, 13 Emergency and Sub-Committee Meetings were held.