164 Report and the Report of the auditors thereon, having been circulated be taken as read. Mr. J. H. Hinton then proposed that the Balance Sheet & Report be adopted. This was seconded by Mr. W. H. Sawyer and duly carried. DIVIDEND Mr. E. Holland Hughes proposed that a Dividend of 5% free of tax be paid on the paid up Capital of the Company. This was seconded by Mr. D. McPhail and duly carried. REMUNERATION Mr. C. H. Askham proposed that the OF AUDITORS remuneration of the Auditors for the ensuing year be the same as last year. This was seconded by Mr. Birch and carried. ELECTION OF In the absence of any other nominations it DIRECTORS was agreed unanimously that a single resolution be put to the Meeting for the re-election of the three retiring Directors. Mr. E. Holland Hughes then proposed that the three retiring Directors, Messrs John Moores, J. C. Sharp & R. A. Joynson be re-elected for a period of three years. This was seconded by Mr. H. W. Wilding and duly carried. Mr. John Moores, on behalf of himself and his colleagues thanked the Shareholders for their support. GROUND & Messrs J. C. Sharp & R. A. Joynson gave report MAINTENANCE on the pitch and ground maintenance, detailing REPORTS work already completed and in progress to maintain the pitch and buildings in first class condition. MANAGER'S Mr. Catterick said he was honoured to be REPORT appointed Manager of Everton in his report of the playing side. There was a good team spirit and he thought the team were capable of doing well in the future. Mr. P. L. Pary, on behalf of the Shareholders expressed a warm welcome to Mr. Catterick and