TCN ON HOLIDAY CEB. ON CLUB BUSINESS DRS REPORT - POSITION IN 1ST DIV. CONSOLIDATED to satisfaction of the Directors. MR. Britton reported on the playing events of the season. Fortune Hopeful W. C. C. DROP IN RENTS. MACAULEY PROG. RECENTS DOWN. MCCALL X 550 Players Transfer BRAY ACC. SH. STAND SAWYER PROV FOR TAXATION. £12,000 £1500 CURRENT TAX. MCPHAILL re SHARES. P. NEY re EXIT FROM SH STAND.