Tue 25 Apr 1882
General Half Yearly Meeting. Tonnage since 1 October 1881 £1358 3s 10d. After wages, etc, profit £693 14s 9d. Dividend of £3 declared.
From the Stonehouse & Nailsworth Railway Company’s Judgement Debt there remains £217.0s.6d including half year’s interest.
If, as a consequence of the rejection of the Thames & Severn Canal Bill, the Thames & Severn Canal Co should stop the supply of water to the canal or otherwise fail to maintain it in a fit state for traffic, this Company is prepared to cooperate with the neighbouring navigations in making an application to Parliament to obtain powers for working and maintaining the Canal on the principle embodied in the arrangement set out in the appendix to the Report of the Board of Trade on the above mentioned Bill.
At a General Half-Yearly Meeting of the Proprietors of the Stroudwater Navigation held at Wallbridge on Tuesday the 15^th day of April 1882 @ 4,o,clock pm
Mr 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 £1358..3..10 has been received from the 1^st day of October 1881 to the 1^st day of April 1882 and a balance brought forward of £27..13..10 from the last Half year (after payment of Dividend) making a total of £1385..17..8 of which sum £691..1..11) has been applied toward payment of Wages, disbursements, etc, (including a sum of £177..3..2 tonnage on Coal paid to the Thames & Severn Canal Company) and there remains in the hands of the Treasurer the sum of £693..15..9 available for Dividend.
[13] Ordered that a Dividend of £3..0..0 on each share be declared payable on the 1^st day of May next free of Income tax carrying forward a balance of £93..15..9 to the next Half years Account.
The sum of £217..0..6 in the Treasurers hands stands to the Credit of the Stroudwater & Nailsworth Railway Company's Judgement debt a/c being £214..0.6 balance in the Bank on the 14^th day of June 1881 and £3 1/2 yrs interest to the 25^th day of December 1881.
[9] Resolved that the following Gentlemen form the Committee for the year next following or until another Committee be appointed:
Mr G H A Beard, Mr J Howard, Mr T M Croome, Mr E C Little, Mr W H Marling, Mr C H Hooper, Mr J T Stanton, Mr E F Gyde. Mr H H Mills, Major Fisher.
Thames and Severn Canal Bill 1882
[52] Proposed by Mr E C Little and seconded by Mr Bale, that if as a consequence of the rejection of the Thames & Severn Canal Bill, the Thames and Severn Cana Company should stop the supply of water to the Canal or otherwise _fail to maintain it in a fit state for traffic,_ this Company is prepared to co-operated with the neighbouring Navigations in making an application to Parliament to obtain powers for working and maintaining the Canal on the principle embodied in the arrangement set out in the appendix to the Report of the Board of Trade on the above mentioned Bill.
Carried unanimously.
