|Evening Telegraph, 25th July 1964, transcribed by Kay Collins
Nine at Meeting of shareholders
Nine people attended last night’s annual meeting of Rushden Sports Ltd. shareholders, held at BWTA Hall, Newton Road. There were five directors, two company officials and two shareholders present.
“This is what happens every year,” said the chairman of the company, Mr J S Denton. “What we want is a lot of young enthusiastic people, not only as shareholders but directors as well.”
Although a limited company and registered with the Board of Trade, Rushden Sports Ltd. is a little unusual in that shareholders do not receive a dividend. The reason is that the company’s profits never warrant a dividend.
The company secretary, Mr A J Bradshaw, explained how the company came into being. He said several years ago the late Mr A H Sartoris gave what is now the cricket ground to the town to further the interests of sport.
The ground was administered by a board of trustees. Mr Denton is now the sole surviving trustee.
In 1920 Rushden Sports Ltd. was formed and later bought the present football ground and erected the grandstand.
Today the company does little in the way of administration. The football and cricket clubs are given free rein.
The football and cricket clubs pay a yearly rent of £100 and £50 respectively to the company. This is practically the company’s only source of income.
Out of that the company pays tax, rates, bank charges etc. The net gain on the revenue account this year amounted to £33.
Directors re-elected were Messrs Denton, R W F Paragreen, C Freeman, F H Ambridge, D Nicholson, R E Nicholson, B Gramshaw and J E Osbornethe last three directors did not attend.
The re-election of Mr Bradshaw as secretary and Messrs F Roberts and Co. As auditors were confirmed.