Minutes Tue 21 Oct 1890

< >

Tue 21 Oct 1890


General Half Yearly Meeting. Tonnage since 1 April £787 6s 5d. After wages, etc, profit £356 8s 7d. Dividend of £1 12s 6d declared.

Verbatim text

At a General Half-yearly Meeting of the Proprietors of the Stroudwater Navigation held at Wallbridge on Tuesday the 21^st day of October 1890 @ 3.30 pm
E C Little Esq Chairman.
The Minutes of the Committee since the last General Meeting were approved and confirmed.
It appears that the sum of £987..2..5 has been received from the 1^st day of April 1890 to the 1^st day of October 1890 and balance brought forward from last Half-year (after payment of Dividend) of £27..2..10 making a total of £1014..5..3 of which sum £657..16..8 had been applied toward payment of wages disbursement, etc (including a sum of £138..2..2 tonnage paid to the Thames & Severn Canal Co) and there remains in the hands of the Treasurer the sum of £356..8..7 available for Dividend.
Ordered that a Dividend of £1..12..6 on each share be declared payable on the 1^st day of November next free of Income Tax carrying forward a balance of £31..8..7 to the next Half years Account.
The sum of £131..12..5 in the hands of the Treasurers stands to the Credit of the "Reserve Fund".

< >