Tue 8 Oct 1799
General Half Yearly Meeting. Tonnage £1838 2s 5½d. Balance £1604 5s 11d. Dividend of £7 declared.
No consent to proposal to make horse towing path. No probability of repaying expense.
Mr J J Wathen of the Temple, London requested to compile an index of all proceedings of Company and Committee. Clerk to transmit necessary documents.
At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at the George Inn in Stroud on Tuesday the 8^th of October 1799
Sam^l Wathen 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 £1838..2^s..3½^d has been received for Tonnage, etc, from the 9^th of April last to this day, a part of which has been applied towards the payment of Debts, Wages, Disburstments, etc, there remains in the Treasurers Hands after paying the last Dividend the Sum £1604..5^s..11^d.
Resolved that £200 be taken from the Balance of £1604..5^s..11^d in hand above mentioned and added to the Capital employed in the Coal Trade.
Ordered that a Dividend of Seven Pounds per Share be paid by the Treasurer on the 1^st day of November next and that our Clerk do transmit Circular Letters to all Proprietors to inform them they may draw on the Treasurer of apply to him for payment of the same.
The Committee having communicated to this Meeting a proposal made by Letter on the 4^th June last from Mess^rs Chris^r Chambers, Jn^o Chalic, Matt^w Challic, Jn^o Disney, Proprietors of our Navigation, and also of the Thames and Severn Canal, to make a Horse towing Path from Walbridge to Framiloade. Resolved that although we are disposed to concur in everything which may contribute to our mutual benefit, yet we cannot consent to the present proposes measure not seeing a probability of its repaying so considerable an Expence.
The Committee having from a long time found very great inconvenience & delay in their deliberations from the want of any Indexes to the Resolutions and Proceedings of both the Company and their Committees since the Navigation was undertaken, Ordered that M^r J I Wathen of Temple London be requested in his professional Capacity to compile an Index of all Proceedings to the present time, and that our Clerk is hereby directed to transmit to him, all such documents as may be necessary to enable him to carry into effect this most desirable object.
