Minutes Tue 23 Oct 1883

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Tue 23 Oct 1883


General Half Yearly Meeting. Tonnage since 1 April £1305 16s 6d. After wages, etc, profit £619 17s 6d. Dividend of £2 10s declared.
From the Stonehouse & Nailsworth Railway Company’s Judgement Debt there remains £226.0s.6d including half year’s interest.

Verbatim text

At a General Half yearly Meeting of the Proprietors of the Stroudwater Navigation held at their office at Wallbridge on Tuesday the 23^rd day of October 1883 @ 4,o,clock pm
Mr E C Little Chairman.
[1] The Minutes of the Committee since the last General Meeting were approved and confirmed.
It appears that the sum of £1305..16..6 has been received from the 1^st day of April 1883 to the 1^st day of October 1883 and a balance brought forward from last Half-year (after payment of Dividend) of £58..3..6 making a total of £1364..0..0 of which sum £744..2..6 has been applied towards payment of wages disbursements, etc, and there remains in the hands of the Treasurer the sum of £619..17,,6 available for dividend.
Ordered that a Dividend of £2..10..0 on each share be declared payable on the 1^st day of November next free of Income tax, carrying forward a balance of £119..17..6 to the next Half-years account.
The sum of £226..0,,6 in the hands of the Treasurer stands to the Credit of the Stonehouse and Nailsworth Railway Companys Judgment debt being £223..0..6 in the Bank on the 25^th December 1882 and £3..0..0 being 1/2 yrs Interest to the 24^th day of June 1883.

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