Minutes Thu 24 Apr 1879

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Thu 24 Apr 1879


General Half Yearly Meeting. Tonnage since 1 October 1878 £1598 6s 4d. After wages, etc, profit £748 6s 3d. Dividend of £3 10s declared.
The sum of £12, half year’s interest on £800 drawn from the Stonehouse and Nailsworth Railway Company’s Judgment debt, placed in Stroudwater Navigation’s Canal account.

Verbatim text

At a General Half yearly Meeting of the Proprietors of the Stroudwater Navigation held at Wallbridge on the 24^th day of April 1879 @ 4,o,clock pm
T Marling Chairman.
The Minutes of the Committee since the last General Meeting were approved and confirmed.
[1] It appears that the sum of £598..6..4 has been received from the 1^st day of October 1878 to the 1^st day of April 1879 and a balance brought forward from the last Half year (after payment of Dividend) £74..12..8 making a total of £1672..18..8 of which sum £924..12..5 has been applied towards payment of wages disbursement, etc, and there remains in the hands of the Treasurer the sum of £748..6..3 available for Dividend.
[13] Ordered that a Dividend of £3..10..0 on each share be declared payable on the 1^st day of May next free of Income tax.
The sum of £800 the balance of £812 in the Bank on the 25^th day of December 1878 on a/c of the Stonehouse and Nailsworth Railway Cos Judgement Debt, remains in the hands of the Treasurer, the sum of £12 (being half years interest on £800 to 25^th Dec 1878) having been drawn and placed in the Canal a/c as per Ledger.
Resolved that the following Gentlemen form the Committee for the year next following or until another Committee shall be appointed:
Mr G H A Beard, J T Fisher, J T Stanton, T M Croome, C H Hooper, Major Fisher, E C Little, W W Kearsey, T Marling, S Phipps.

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