Minutes Tue 20 Oct 1891

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Tue 20 Oct 1891


General Half Yearly Meeting. Tonnage since 1 April £919 18s 4d. After wages, etc, profit £286 12s 6d. Dividend of £1 7s 6d declared.

Verbatim text

At a General Half-yearly Meeting of the Proprietors of the Stroudwater Navigation held at Wallbridge on Tuesday the 20^th day of October 1891 @ 3,30pm
Present: Mr E C Little Chairman.
The Minutes of the Committee since the last General Meeting were approved and confirmed.
It appears that the sum of £919..18..4 has been received from the 1^st day of April 1891 to the 1^st day of October 1891, and a balance brought forward from the last Half-years account (after payment of Dividend) of £23..9..4 making a total of £943..7..8 of which sum £656..15..2 has been applied towards payment of wages disbursements, etc, (including the sum of £125..10..11 paid as tonnage to the Thames & Severn Canal Co) and there remains in the hands of the Tresurer the sum of £286..12..6 available for Dividend.
Ordered that a Dividend of £1..7..6 on each share be declared payable on the 1^st day of November next free of Income Tax carrying forward a balance of £11..12..6 to the next Half-years accounts.
The sum of £481..16..5 in the hands of the Treasurer stands to the Credit of the Reserve Fund.

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