filled at next meeting.
O'Donnell It was decided to place this player on
transfer.
Schools F.A. Agreed to grant this Assocn. the use of G. Park
on Monday 29th inst.
Finance Committee Decided that Mr C Hayes be appointed to
this Committee in place of Mr W J Sawyer resigned.
Articles of Assocn. The Chairman submitted alternative valuations
by Messrs Leitch & Partners of the property of the Coy. as follows
At a break up price £27980.11.3
As a going concern £77997.4.7
and he expressed the view, and recommended, that
the latter valuation be taken as one of the basis
of the proposed compromise. He also read Messrs Theodore,
Rogers, Bowler & Co's letter of the 8th inst. thereon and
proposed that the terms upon which the company
would be disposed to comply with the demands of
the Football Assocn. set out in their regulation as
to the formation of Companies should be that
the Football Assocn. should grant to the Company
the power to increase the capital of the Company
by the issue of 22500 shares of £1 each, that the
Company be entitled by resolution to capitalise
£23,052.10.0 out of the undistributed profits and
that the sum of £23,052.10.0 be distributed by way
of bonus as follows:-
(a) in making 2210 partly paid shares into fully
paid shares £552.10.0
(b) in fully paid shares to the present shareholders
of the Company £22,500
After discussion it was unanimously resolved that
the Chairman as such be instructed to submit such
terms to the Football Association for their consideration,
the terms when arranged to be subject to confirmation
