175 Competition would be submitted to the Directors by the Liverpool County F.A. in due course for approval. J. Brown Proposed Indemnity submitted by the Secretary was approved. Annual The Secretary presented the Accounts of the Company Accounts for the year ending April 30th 1915 with the Balance Sheet and Mr. Herbert Bowler having explained same the following resolutions were passed:- 1. That the amounts due from sundry debtors be £532.15.8 valued for the purposes of the Balance Sheet at £994.2.5 on open accounts, it being reported that this amount consisted of, Stockport County £25 re Gault, Arsenal £450 re Bradshaw, Cardiff City £300 re Beare, St. Mirren £35 re T. Page, Chelsea F.C. £74.2.5 compensation, F.A. £100 share of Semi Final receipts and £10 lent to J. S. Maconnachie on security. 2. That a depreciation of 10% be written off Stands, £1075.18.10 Hoarding and Erections amounting to £1195.9.9 and that £337.14.7 being the amount standing against office fixtures, fittings &c. be written off. 3. That the amount expended on Clothing material £69.3.4 and Stores £223.5.10 be written off against Income and Expenditure account. 4. That the Statement of Accounts, Balance Sheet and Profit and Loss Account be approved. 5. That the law costs, stamp duties and agency charges in connection with the purchase of the Gwladys Street property be debited to the Profit and Loss account instead of being added to the purchase price of the property.