218 [Meeting held at Exchange Hotel Tuesday Feb. 28th 1956] Present :- Mr. E. Green (Chair) and all other Directors. Secretary in attendance. Minutes of Meetings of Feb. 24th Feb. 25 and Feb. 27 were read and confirmed, with an addendum to the Minutes of Feb 24th. Chairman Mr. Green announced that he wished 152 to tender his resignation as Chairman, under the present difficult circumstances, and after expressions of appreciation for his past services by each member of the Board, his resignation was accepted with regret. Mr. R. E. Searle was unanimously elected Chairman, and in expressing his thanks for the honour bestowed on him, expressed the wish that the Board would pull together as a united team for the benefit of the Club. The Board re-affirmed that contrary to press report, there was no split on the Board. Annual The agenda for the conference of clubs Conference was studied, and it was agreed that Mr. 196 Searle should attend, along with Mr. Green and the Secretary. Finance Receipts reported were:- Arsenal F. C. % 238. 3.7 Gate v Bolton W. 5052.14.6 Cheques were signed for:- Customs & Excise. 971.9.0 Football League % 155.16.7 Bolton W. % 674.2.6 Police 91.14.4 Wages 663.13.9 Petty Cash 250.0.0 Bank Balance £25,169.10.9 Cr.