Wed 2 Dec 1795
Meeting at Crown and Anchor in the Strand London
Lieutenant Colonel Loveden in the chair.
Shareholders present named with number of shares held.
The Company had not received the unanimous concurrence of the proprietors who have not subscribed the fifteen pounds per share to advance the same.
An unwanted late application to parliament for further powers was necessary to raise £65,000 by attaching a half share of the value of fifty pounds to every whole share of the original value of one hundred pounds before the 5th day of January 1796.
Thomas Lane to solicit the bill in Parliament.
Mortgagees to be acquainted with the plan and asked to forebear the demand for interest due on the 5th January 1796.
Five thousand pounds to be repaid to the proprietors who had paid ‘on their faith in the committee to assist this company out of the first receipts that shall come into their hands’.
The committee were informed that a bill intended to be brought before parliament for laying a duty on tonnage of all carriage by inland navigation. Committee resolved to co-operate with the committees of other canals in this matter.
Mr Thomas Lane to be engaged as the company solicitor.
