200
[Meeting of Directors held at the
Bradford Hotel Liverpool on
Tuesday 15th June 1920]
Present Mr. W. R. Clayton (Chair)
" H. Banks Mr. J. G. Davies
" A. Coffey " H. Halsall
" Jno. Davies " R. T. Francis
The Minutes of the proceedings at the
Meeting held on the 10th & 14th May & Finance
Committee held on 10th May were read & confirmed.
Annual a/cs. Mr. Herbert Bowler attended and
presented the a/cs for the year ending 1st
May 1920, making detailed explanations and
it was resolved.
1. That the amount due from Sundry Debtors
614.17.2 be valued for the purpose of the Balance Sheet
at £847.3.6.
2. That a depreciation of 10% be written off
all stands hoardings & erections amounting to
635.6.7 £705.18.5.
3. That the amount expended on clothing
351.7.11 material & Stores £471.14.0 be written off the
Income & Expenditure a/c.
4. That the Statement of a/cs. Profit & Loss a/c
& Balance Sheet be approved.
5. That a Dividend of 7½% on Paid up Capital
5% Free (free of Income Tax) be recommended.
Annual Meeting That the Annual Meeting be held on
Friday 2nd July next at the Central Hall, Renshaw
Street Liverpool at 7:30 p.m. prompt if room is
available failing this on Monday 5th July.
Admission to the meeting to be on presentation
of the Balance Sheets.
