Friday, December 20 – 1912
The financial position of the Liverpool club was explained to the shareholders at a meeting held last Friday, and the statement revealed a most satisfactory condition of things. Mr. John McKenna, who had sufficiently recovered from his recent illness to preside over the gathering, said that the club were now able to pay the dividend of 5 per cent declared at the annual meeting, but the directors were of opinion that it would be better for all concerned if they deferred doing so for the present in order that they could pay off a mortgage of £936. By this means they would not only be reducing the liabilities of the club, but saving at least £40 in interest.
During the last five years they had paid off no less a sum than £6,000, not including the mortgage mentioned. A resolution endorsing the action of the directors and recording the shareholders’ confidence in the club management was carried unanimously.
Afterwards a smoking concert was held, and the proceedings throughout were of a most enthusiastic and harmonious character.
Liverpool seem like having a record season financially, judging from the gate receipts thus far.
(The Athletic News, 23-12-1912)
"Play Up, Liverpool" 