Minutes Tue 20 Oct 1896

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Tue 20 Oct 1896


General Half Yearly Meeting. Tonnage since 1 April £909 5s 6d. After wages, etc, profit £589 8s 4d. Dividend of £2 5s declared.
Robert Turner claimed share no.102, will of Henry Fallows.

Verbatim text

At a General Half-Yearly Meeting of the Proprietors of the Stroudwater Navigation held at their Office at Wallbridge on Tuesday the 20^th day of October 1896 at 3.30pm
Mr C H Hooper Chairman.
The Minutes of the Committee since the last General Meeting were approved and confirmed.
It appears that the sum of £909..5..6 has been received from the 1^st day of April 1896 to the first day of October 1896, and a balance brought forward from last Half-Year (after payment of Dividend) of £155..18..0 making a total of £1065..3..6 of which sum £475..15..2 has been applied toward payment of Wages, disbursements, etc, and there remains in the hands of the Treasurer the sum of £589..8..4 available for Dividend.
Ordered that a Dividend of £2..5..0 on each Share be declared payable on the 1^st day of November next free of Income Tax, carrying forward a balance of £139..8..4 to the next Half-Yeas A/c,
The sum of £476..17..11 in the hands of the Treasurer stands to the Credit of the Reserve Fund.

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