182 [Meeting held at Goodison Park Wed. May 14th 1958.] Present:- Mr. R. E. Searle (Chair) and all other Directors. Secretary in attendance. Minutes of Meeting of May 6th were read and confirmed. Finance Receipts reported were:- Season Ticket Sales 413.14. 0 Cup Final Ticket Sales 237.18. 0 Cheques were signed for:- Staff Wages 299. 1. 8 Comns. Inl. Rev. P. A. Y. E. 1125. 8. 6 Bank Balance £410. 1. 3. Cr. IRRIGATION It was reported that the rest of 180 irrigation equipment required would be approximately £200. 0. 0, and approved was given to this. B. Steele It was reported that B. Steele had been 65 transferred to Chesterfield F. C. for a fee of £100. 0. 0. It was agreed to apply for permission to pay him assured share of Benefit amounting to £50. 0. 0. ACCOUNTS & The draft accounts were considered, and BALANCE SHEET after explanations were given by Mr. Bateman 73 these were approved. It was agreed to depreciate the Floodlighting installation by 10% and to recommend that this be written down down to nil over 10 years in equal annual amounts. It was also agreed to write down the Goodison Ave. and Walton Lane properties to £18,000, and to recommend that £2000. 0. 0 be written off each year in future. DIVIDEND It was agreed to recommend the payment 73 of a dividend of 5% free of tax. PROXIES It was reported that the Clubs 179 Solicitors had approved the type of proxy, using