Wed 18 Oct 1848
General Half Yearly Meeting.
Tonnage from 31st March £2856 15s 4d. Profit after wages, etc, £2236 4s. Dividend of £11 declared.
Thames & Severn Canal Co unwilling to accept proposed terms of trade with GWR.
James Charles Hallewell elected Treasurer of Company. Mr Joseph Watts named as his surety.
Mr Croome’s offer to enfranchise the copyhold lands of Company as soon as Mrs Mansfield the Trustee was admitted to them on receipt of £15 accepted.
At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at the Committee Room at Wallbridge on Wednesday the 25th day of October 1848
Charles Hooper Chairman.
The Minutes of the last General Half Yearly Meeting were read and confirmed.
The several Books and Accounts were produced as directed by the Act of Parliament and were examined & passed.
It appears that the sum of 2856^£..15^s..4^d has been received for Tonnage, etc, from the 31st day of March to the 30th day of September 1848 a part of which has been applied towards the payment of Wages, Disbursements, etc, and that there remain in the Treasurer's Hands after paying the last Dividend the Sum of £2236..4..-.
Ordered that a Dividend of £11..0..0 on each Share be declared payable on the 1st day of November next.
M^r Hawker reported that he had seen M^r Willson in reference to the proposal of M^r Smith for the Carriage of Coals for the Great Western Railway Company and that the Committee of the Thames & Severn Canal Company were unwilling to engage in the trade on any terms which should not give them 9^d per Ton on the Coals so carried for reasons then stated which were deemed satisfactory by this meeting.
Ordered that it be referred to the Committee to arrange the terms for allowing a Drawback accordingly.
At this Meeting M^r James Charles Hallewell was elected Treasurers of this Company and he named M^r Joseph Watts as his Surety and it was ordered that a Bond for the due performance of the Office should be taken from M^r Hallewell and M^r Watts.
Resolved that the Offer now made by M^r Croome to enfranchise the Copyhold Lands of this Company as soon as M^rs Hansfield the Trustee has been admitted to them of Receipt of £15..-..- be accepted and that the requisite conveyance be prepared.
New Tickts N^o 13 & 14 were delivered at this Meeting to the Rev^d Frederick Morgan he having previously deposited the original ones with our Clerk.
