285 [80th Annual General Meeting held at the Chamber of Commerce. Old Hall St. Liverpool on Thursday 18th June 1959.] Present:- Mr. R. E. Searle (Chair) and Messrs T. Micklesfield, J. C. Sharp, N. W. Coffey, C. E. Balmforth, C. H. Askham, J. Taylor, R. A. Joynson & E. Holland Hughes, Directors and 86 Shareholders together with the Secretary & Manager and Mr. G. H. Bowler, Auditor. NOTICE The Notice convening the Meeting was read by the Secretary. PRESS The Members of the Press were admitted with the approval of the Meeting. MINUTES The Minutes of the 79th Annual General Meeting held on 18th June 1958 having been circulated were taken as read, and were approved and signed as a correct record. A/c & Balance It was agreed that the accounts and Sheet & Reports Balance Sheet, together with the Directors Report and the Report of the Auditor thereon having been circulated be taken as read. Mr. R. E. Searle proposed that the Balance Sheet & Report be adopted and this was seconded by Mr. W. H. Sawyer after question by Messrs J. R. Greig, W. C. Macauley, J. H. Hinton S. I. Heller, F. N. Seed, V. G. Winfield and D. G. Stephenson had been answered the proposition was duly carried. DIVIDEND Mr. C. H. Askham proposed that a dividend of 5% free of tax be paid on the paid up Capital of th Company. This was seconded by Mr. W. H. Sawyer and duly carried. REMUNERATION OF Mr. W. H. Sawyer proposed that the AUDITORS remuneration of the Auditors be the same as