229 It was agreed to circularise the Shareholders with a copy of the Resolutions and the draft of a letter to accompany the Resolutions was approved. MANWEB Mr. Hughes reported that MANWEB were SUB-STATION desirous of negotiating for a 14 year lease for the (BELLEFIELD) creation of a Sub-station at Bellefield subject to an 128 annual rent of £5.0.0. It was agreed to offer a maximum of 3 years, continuing thereafter on a yearly basis subject to 6 months notice. BELLEFIELD It was reported that Tysorrs were 98 prepared to consider selling Bellefield and whilst the valuation was £15,000.0.0 it was anticipated that a figure in the region of £25,000.0.0 would be asked. It was agreed to negotiate to purchase at the best price possible. RE-RATING It was reported that the Football League valuer had tentatively agreed with the Inland Revenue for Clubs to be rated on Gate receipts on the 1963 re-valuation. It was agreed to appose this method as it was unfavourable. INTER CITIES It was reported that Everton had FAIRS CUP been nominated by the F. A. & the F. L. to take part in this competition. SIGNINGS It was reported that Vernon, Gabriel & Young had signed for 2 years at £40.0.0 per week plus £500, and it was agreed to offer Labone similar term for a 2 year contract. Bingham & Harris had signed for 2 years on the PARKER A. terms offered. Parker had signed a monthly 207 contract & requested a transfer which was refused. VERNON T. R. It was agreed to sell the house he 185 occupied to Vernon at cost price. ATHERTON J. It was reported that John Atherton had signed as a part-time professional.