Tue 10 Apr 1798
General Half Yearly Meeting. Tonnage £1587 19s 2½d. Balance £1016 4s 3d. £200 to be taken from balance and added to capital employed in coal trade. Dividend of £4 declared.
Clerk Edward Hains to reside in Company's house at Wallbridge free of rent.
Committee for next year: Rev William Ellis, Samuel Wathen, Rev Joseph Colborne, John Allaway, Benjamin Grazebrook, Joseph Grazebrook, Rowles Scudamore, Josiah Harford, William Battersby, J J Wathen, Nathaniel Wathen, Edward Wood, Nathaniel Jones.
At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at the George Inn in Stroud on Tuesday the 10^th of April 1798.
Will^m Batterby Esq^r in the Chair.
The Minutes of the last General Meeting were Read and Confirmed.
The Several Books and Accounts were produced respecting the Affairs of the Company as directed by the Act of Parliament, and Examined and Confirmed.
It appears by the Accounts that the Sum of £1587..19^s..2½^d has been received for Tonnage, etc, from the 10^th of October last to this day, a part of which has been applied towards the Payment of Debts, Wages, Disburstments, etc, there remains in the Treasurers hand after paying the last Dividend the Sum of £1016..4^s..3^d.
Resolved that £200 be taken from the Balance of £1016..4^s..3^d in hand above mentioned, and added to the Capital employed in the Coal Trade.
Resolved that a Dividend to 4^£ per Share be paid by the Treasurer M^r Jos^h Grazebrook on the 15^th of May next and that our Clerk do transmit Circular Letters to all the Proprietors to inform them they may draw upon the Treasurer or apply to him for payment of the same.
Resolved that the Opinion of the Committee of the 2^nd of Jan^y 1798 proposing that our Clerk M^r E Hains should reside in the Companys House at Walbridge free of Rent & Taxes be confirmed and henceforth adopted till otherwise ordered by a General Meeting.
The following Gentlemen are appointed a Committee for the ensuing Year, Viz:
Rev^d Will^m Ellsi, Jos^h Harford, Sam^l Wathen, Will^m Battersby, Rev^d Jos^h Colborne, J I Wathen, Jn^o Allaway, Benj^n Grazebrooke, Nath^l Wathen, Jos^h Grazebrooke, Ez^d Wood, Rowles Scudamore, Nath^l Jones.
Ordered that the Gentlemen appointed by the General Meeting of the 11^th of April 1797 to superintend the Expenditure of the Coal Concern be requested to continue to act in the same for the ensuing Year.
