Thu 24 Oct 1878
General Half Yearly Meeting. Tonnage since 1 April £1758 7s 10d. After wages, etc, profit £847 12s 4d. Dividend of £4 declared. The Company holds a sum on account of the Stonehouse and Nailsworth Railway Company’s Judgment debt.
At a General Half yearly Meeting of the Proprietors of the Stroudwater Navigation held at Wallbridge on Thursday teh 24^th day of October 1878 @ 4,o,clock pm
Chairman.
[1] It appears that the sum of £1759..7..10 has been received from the 1^st day of April 1878 to the 1^st day of Octover 1878 and a balance brought forward of £10..1..5 from the last Half Year (after payment of Dividend) making a total of £1768..9..3 of which sum £893..16..11 has been applied towards payment of wages, disbursements, etc, and there remains in the hands of the Treasurer £874..12..3 available for Dividend.
[13] Ordered that a Dividend of £4..-..- on each share be declared payable on the 1^st day of November next free of Income tax, carrying on a balance of £74..12..4 to next Half Years a/c.
The sum of £800..-..- the balance of £1010..4..1 in Bank on the 24^th day of June 1878 on a/c of the Stonehouse and Nailsworth Railway Company's Judgement debt remains in the hands of the Treasurer the sum of £210..4..1 having been drawn for New house erected at Eastington and Interest placed to Canal a/c as per Ledger.
Cheques drawn:
Mr F Sturge: 5..5..0
Mr W^m Clissold: 10..10..0
M^r W J Gardner: 9..8..0
Mr W J Snape: 30..0..0
[Total] £55..3..0
