xxx Report of Park Royal , Limited , 1904-1905. 
5. Vacancies have occurred on the Board during the year by the 
resignations of The Earl of Derby in June, 1905, and Mr. George H. Sanday 
in April, 1905. 
6. The Directors who would in the ordinary course retire at this Meeting 
in accordance with the Articles of Association are Lord Middleton and Mr. 
Percy Crutchley. Having regard however to the decision of the Royal 
Agricultural Society (which is the registered holder of all but 7 of the 15,000 
shares of the Company) to hold its Show of 1906 elsewhere than at Park 
Royal, and to put the Company’s Estate up for sale in the course of next 
summer, it does not appear to the present Directors of the Company that 
any useful purpose would be served by their continuing in- office. They 
desire therefore to tender their resignations as Directors so soon as it may 
be convenient to the Society to make other arrangements for the control of 
the Company’s affairs. 
7. The Auditors appointed at the last General Meeting, Mr. Jonas M. 
Webb, Mr. Newell P. Squarey, and Mr. Hubert J. Greenwood, retire in 
* 
accordance with the Companies’ Act, 1900. 
(Signed) 
MIDDLF™ XT 
WALTE 
NIGEL 
PERCY 
R. S. BURGESS, Secretary. 
Registered Office of the Company : 
Eastern Entrances, 
Abbey Road, 
Park Royal, Willesden, N.W. 
