Tue 24 Apr 1810
Meeting at 80 Lombard Street London
The following bounties to continue from the 25th March last.
At Leachlade wharf: On Bilston, Newport and Forest coal of the same having been sold Highworth Farringdon and other places not less than nine miles distance from the wharf two shillings per ton of 20cwt. The same allowance to be made to importers and purchases of coal at Brimscombe Port.
Net proceeds of the canal ending on the 5th amounting to £5,084.6s.9d which will enable the company to pay a dividend of £1.10s.0d per share conforming to Articles of Agreement of 12th June 1809.
Viz; on 1111 New shares, holders entitled to the dividend
On 874 Original shares the holders of which subscribed half shares entitled to the dividend
On 426 Original shares the holders of which did not subscribe to half shares; the amount of whose dividend is to be retained.
On 39 Shares to be reserved for mortgagees and Bondholders who have not yet signed the articles - claims amounting to £4025 of which fraction to be paid off £125
Leaving £3900
Total 2450 shares
Treasurer to transfer the sum of £3675 on 5th June next being equal to £1.10s .0 to pay a dividend. Out of the £3675, £639 equal to £1.10s 0. Per share on the 426 original shares which is to be retained in an account in the names of John Disney, John Stevenson Salt, and Lancelot Chambers to be invested in Government securities until needed.
Treasurer to transfer to a separate account £845.5s.0d equal to 21 per cent on £4025 the amount of mortgages and bonds held by persons not having signed the Articles of Agreement.
Transfer of £36.5.10d being equal to 29 per cent on £125 to the last mentioned account of sums less than £100 in the said sum of £4025.
Out of £3675 £58.10s equal to £1.10s per share on 39 shares for persons not yet signed the the Articles of Agreement.
Treasurer to invest £845.5s , £36.5s, and £58.10s in the purchase of Exchequer Bills for the account of Mortgages and Bond holders of the said £4025 when they have signed the Articles of Agreement.
