796EFC-1-1-27_0262a.tif
			[FLOODLIGHTING SUB-COMMITTEE MEETING
				HELD AT GOODISON PARK
			      FRIDAY, 3RD FEBRUARY 1956]


		Present:- Mr. F. Micklesfield (Chair), & Messrs.
			  J. C. Sharp, T. C. Nuttall & C. H. Askham,
			  together with the Manager, Secretary &
			  G. E. C. Officials.


			The Secretary reported that the Manager of the
		Midland Bank was anxious to approach his head office with
		a view to their financing this project and it was agreed
		that a meeting be arranged with members of the Finance
		Committee and the Secretary to discuss the matter with
		him.

			It was reported that the G. E. C. were prepared
		to finance the scheme on the basis of 10% deposit and the
		balance spread over two years with interest of 5½%, or
		would finance the cost of equipment only amounting to
		£6,000, for a longer period. The total cost of the whole
		scheme would be in the region of £28,000 to £29,000.

			It was agreed to recommend that the Consultant
		Engineer be employed to design the towers and foundations
		and to submit a plan to the Committee. The fee involved
		not to exceed One hundred and Fifty pounds if the scheme
		is not porceeded with.

					E. Green
					7.2.56