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[Minutes of 83rd Annual General Meeting held at
the Chamber of Commerce, Old Hall St., Liverpool on
Monday June 25th 1962.]
Present :- Mr. John Moores (Chairman) and Messrs R. E.
Searle, J. C. Sharp, N. W. Coffey, F. Micklesfield, J. Taylor and
E. Holland Hughes, Directors, and 57 Shareholders,
together with the Secretary and 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 82nd Annual General Meeting
and of the Extra-ordinary General Meeting of 17th April
1962, having been circulated, were taken as read, and
were approved and signed as a correct record.
CHAIRMAN'S The Chairman in his report referred to the
REPORT U.S.A. Tour last Summer, which was financially
successful, but taking into accounts the injuries
sustained there, and which persisted throughout the
Season, the team had done well to finish in the
highest position achieved since the War. The season
had been satisfactory financially with a record income,
and improvements the profit was considered satisfactory.
ACCOUNTS & It was agreed that THE Accounts and Balance
BALANCE SHEET Sheet, together with the Directors report and the Report
& REPORTS of the Auditors thereon, having been circulated be
taken as read. Mr. Hughes presented the Accounts for
approval and questions by Mr. J. H. Hinton & G. W. D.
Beattie were answered. Mr. W. Birch then proposed that
the Balance Sheet & Reports be adopted. This was
seconded by Mr. J. H. Hinton and duly carried.
DIVIDEND Mr. E. Holland Hughes proposed that a
