The Everton Football Club Co. Ltd. Report of the Directors to the Seventy-Eight Annual General Meeting of the Company to be held on Wednesday, the 26th June, 1957. The Directors in submitting the Accounts of the Company for the period ended 4th May, 1957, beg to report thereon as follows: The Balance to credit of Profit and Loss Account brought forward from last year amounted to ... ... ... £51499 1 9 Add Tax Provision not now required ... ... ... 7000 0 0 ------------ 58499 1 9 Add Income from Properties ... ... ... ... 618 5 10 Bank Interest ... ... ... ... ... 131 2 0 ------------ 59248 9 7 Less Excess of Expenditure over Income ... ... ... 20401 4 11 ------------ 38847 4 8 The Directors have made provision in the Account for: Depreciation on Amplifying Equipment ... £191 0 0 Dividend for year to 4th May, 1957, at 5% free of Tax ... ... ... ... 97 7 6 Loss on Sale of Property ... ... ... 350 0 0 ----------- 638 7 6 ------------ Leaving a Balance to be carried forward of ... ... £38208 17 2 There is a contingent liability for Capital Expenditure on completion of the Floodlighting Installation. The Directors due to retire this year are Messrs. C. E. BALMFORTH, N. W. COFFEY and T. C. NUTTALL, who are eligible and offer themselves for re- election. No other nominees have been received. Under 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, 1957. R. E. SEARLE, Chairman. ATTENDANCES OF DIRECTORS AT ORDINARY MEETINGS. (Number of Meetings, 44) Mr. N. W. Coffey ... ... 44 Mr. J. C. Sharp ... ... 41 Mr. T. C. Nuttall ... ... 44 Mr. C. H. Askham ... ... 40 Mr. F. Micklesfield ... ... 42 Mr. C. E. Balmforth ... ... 40 Mr. J. Taylor ... ... 42 Mr. R. E. Searle ... ... 38 Mr. Green ... ... 29 In addition to above 56 Emergency and Sub-Committee Meetings were held.