The Everton Football Club Co. Ltd. Report of the Directors to the Eighty-first Annual General Meeting of the Company to be held on Thursday, the 23rd June, 1960. The Directors, in submitting the Accounts of the Company for the period ended 7th May, 1960, beg to report thereon as follows:— The Balance to Credit of Profit and Loss Appropriation Account brought forward from last year amounted to £41,541 18 6 Add Income from Properties ... ... ... ... £1,166 8 11 Mortgage Interest ... ... ... ... ... 22 14 9 Profit on Sale of Properties... ... ... ... 1,159 17 0 Estimated Tax refund on loss for Year ... ... 3,000 0 0 ------------ 5,349 0 8 Less Interest on Floodlighting ... ... ... ... 182 12 8 ------------ 5,166 8 0 ------------- 46,708 6 6 Less Excess of Expenditure over Income ... ... ... 49,504 8 0 ------------- £2,796 1 6 The Directors have made Provision in the Accounts for:- Depreciation of Floodlighting Installation ... ... 4,089 0 0 " " Properties ... ... ... ... 1,980 0 0 " " Soil-warming Installation ... ... 1,171 9 3 Dividends for year to 7/5/60 at 5% free of Income Tax 97 7 6 ------------ 7,337 16 9 ------------- Leaving a debit balance to be carried forward of ... ... ... £10,133 18 3 ------------- The retiring Directors are Messrs. N. W. Coffey, C. E. Balmforth and E. Holland Hughes who are eligible and offer themselves for re-election. No other nominations have been received. Under the 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 24th day of June, 1960. F. MICKLESFIELD, Chairman. ATTENDANCES OF DIRECTORS AT ORDINARY MEETINGS (Number of Meetings 36) Mr. F. Micklesfield ... ... 36 Mr. J. Taylor ... ... ... 35 Mr. J. C. Sharp ... ... ... 36 Mr. C. E. Balmforth ... ... 34 Mr. R. E. Searle ... ... 36 Mr. E. Holland Hughes ... ... 30 Mr. R. A. Joynson ... ... 36 Mr. C. H. Askham ... ... 23 Mr. N. W. Coffey ... ... 35 Mr. J. Moores ... ... ... 5 In addition to the above, 29 Emergency and Sub-Committee meetings were held.