The following a/cs were passed for payment Mappin H. 6 10 6 D. Kirkwood 4 - 6 Athletic News 4 6 Hy. Middlehurst 4 7 3 Allen & Sons 15 3 - do 4 3 4 Bain & Co. 10 6 L'pool Corpon. Lighting 2 9 2 Tippin Bros. 13 4 Clarkson 4 3 Telephone Trunks 18 11½ R. R. Minton 12 10 Escott & Co. 2 6 United Eas. Co. Coke 1 - 3 N. & S. W. Bank 87 3 3 ------------- £128 . 4 . 2 ------------- The ordinary business was then resumed. Statement for The Secretary having presented a draft year. statement of Income and Expenditure, Profit & Loss a/c and Balance Sheet for the year ending April 30th 1906 and the Auditor having explained same to the Directors, the following resolutions were passed :- 1. That the amounts due from "Sundry Debtors" be valued for the purposes of the Balance Sheet at £2421.8.3 on open a/cs and a Bill of Exchange for £125 making £2546.8.3. 2. That a depreciation of 10% be written off ground stands hoardings and erections amounting