251
[Meeting of Directors held at the
Bradford Hotel, Liverpool on
Thursday 25th May 1922]
Present Messrs A. Coffey (Chair), H. Banks, E. Green,
W. J. Sawyer, W. C. Gibbins, W. C. Cuff & A. R. Wade.
Minutes The Minutes of Directors & Finance Committee
meetings held on the 17th inst. were read & confirmed.
Annual a/cs Mr. Herbert Bowler attended & presented the
a/cs for the year ending 6th May 1922, making
detailed explanations, and it was resolved:
(1) That the amount due from Sundry Debtors
be valued, for the purpose of the Balance Sheet,
at £1963.14.5. £2034.8.10
(2) That a depreciation of 10% be written off all
514.12. 6
Stands Hoardings & Erections, amounting to £571.15.11.
(3) That the amount expended on clothing,
362. 6.9
material & stores £413.16.5 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 5% (free of Income
Tax) on paid up capital be recommended.
Annual Meeting It was proposed that the Annual
Meeting be held at the Central Hall, Renshaw St.
Liverpool on Friday 9th June 1922 at 7.30 pm prompt.
Thurs. 24th Admission to the meeting to be on presentation
of the Balance Sheet.
It was decided that the Auditors of the
Coy (a) attend at the offices of the Coy to receive
proxies & afterwards decide on the validity thereof.
(b) provide ballot boxes for the voting papers.
(c) take control of admission to the Annual Meeting.
