There was an apology received from Mr Eddie who was unable to attend due to berievement. Mr Dalgarno expressed his sympathies to Mr Eddie following the death of his mother. There was also an apology received from Mr Alan Charles.

The Minutes were approved unanimously.

Mr Laing, Club Treasurer, distributed copies of the accounts and explained that the profit for the year of £4,141 was the best result for many years and that this was mainly due to the increase in membership when the Palm Court Hotel closed for refurbishment, and an increase in functions. He expected that the 2008 figures would see a reduction compared to the exceptionally high results for 2007. He said that the cash generated in 2007 was actually £11,742 as depreciation is a non-cash expenditure. Mr Laing said that since the date of these accounts he had been able to clear some old liabilities but as the sweep repayment requirement related to the year end accounts, there was insufficient working capital to allow a repayment to be made against the Club's loan from the Gordonian Association. The Accounts were then approved on a motion by Mr G.McKay, which was seconded by Mr A. Innes.

Mr Dalgarno said he was pleased to see that the Club is now covering its costs and wished to record his thanks to Mr Hogg, Mr Laing, Mr Thomson and Mr Stewart for their work in support of the Club.

Mr Dalgarno said the documents approved for signing at the Special General Meeting of 12^{th November 2007 had been duly signed and executed. Copies of the documents are available to any Club member who wishes to see them. The documents are a Loan Agreement with the Gordonian Association to cover the funds already provided for refurbishment etc., a Standard Security in favour of the Gordonian Association, and a Personal Liability Waiver in favour of the Club Committee members as granted by the Gordonian Association.}

Mr Dalgarno said that he would continue in office as Club Chairman for another year if that is what the meeting wanted, and as this was the unanimous wish of those present he was duly elected. Mr Dalgarno said that he would also carry out the duties of Hon. Secretary if Mr Mowat could agree to continue as Minutes Secretary and this was accepted by the meeting. Mr Laing said that he would stand down as Treasurer once a replacement could be found and Mr Dalgarno thanked Mr Laing for many years of excellent service to the Club and said that the Committee are working on finding his replacement.

Mr Dalgarno proposed that all other Executive Committee continue to serve on the Committee as they had agreed to do so, and this was seconded by Mr Innes, Mr Dalgarno said he had received a proposal for Mr Ivor Primrose to join the Committee and this was unanimously approved.

6. Constitution

Mr Dalgarno stated that he would like to perform a review of the Club's Constitution during the 2008/9 Club season so that any updates or changes required could be proposed for approval at the 2009 Annual General Meeting.

7. A.O.C. B.