Minutes Tue 25 Oct 1881

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Tue 25 Oct 1881


General Half Yearly Meeting. Tonnage since 1 April £1290 9s 10d. After wages, etc, profit £627 13s 10d. Dividend of £3 declared.
From the Stonehouse & Nailsworth Railway Company’s Judgement Debt there remains £214.0s.6d including half year’s interest.
Mr E F Gyde and Mr T M Croome re-elected members of the Committee.

Verbatim text

At a General Half-yearly Meeting of the Proprietors of the Stroudwater Navigation held at their office at Wallbridge on Tuesday the 25^th day of October 1881 @ 4,o,clock pm
G H A Beard Chairman.
The Minutes of the Committee since the last General Meeting were approved and confirmed.
[1] It appears that the sum of £1290..9..10 has been received from the 1^st day of April 1881 to the 1^st day of October 1881, and a balance brought forward from the last Half-year (after payment of Dividend) of £8..7..6 making a total of £1298..17..4 of which £671..3..6 has been applied towards the payment of wages disbursements, etc, and there remains in the hands of the Treasurer the sum of £627..13..10 available for dividend.
[13] Ordered that a Dividend of £3..0..0 on each share be declared payable on the 1^st day of November next free of Income tax, carrying forward a balance of £27..13..10 to the next Half-year account.
The sum of £214,,0..6 in the Treasurers hands stands to the Credit of the Stonehouse & Nailsworth Railway Cos Judgement debt a/c being £211..0..6 balance in Bank on the 25^th day of December 1880 and £3,,0..0 ½ yrs Interest to the 24^th day of June 1881.
Resolved that Mr E F Gyde and Mr T M Croome be re-elected members of the Committee.

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