Minutes Tue 26 Oct 1897

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Tue 26 Oct 1897

Summary

General Half Yearly Meeting. Tonnage since 1 April £842 3s 6d. After wages, etc, profit £591 0s 3d. Dividend of £2 declared.

Verbatim text

At a General Half-Yearly Meeting of the Proprietors of the Stroudwater Navigation held at their Office at Wallbridge on Tuesday the 26^th October 1897 @ 3.30pm
Mr C H Hooper Chairman.
It appears that the sum of £842..3..6 has been received from the 1^st day of April 1897 to the 1^st day of October 1897, and a balance brought forward from last Half=Year (after payment of Dividend) of £152..7..1 making a total of £994..10..7 of which sum £403..10..4 has been applied towards payment of Wages, and other disbursements, and there remains in the hands of the Treasurer the sum of £591..0..3 available for Dividend,
Ordered that a Dividend of £2..0..0 on each share be declared, payable on the 1^st day of November, next free of Income Tax, carrying forward a balance of £191..0..3 to the next years A/c.
The sum of £479..17..11 in the hands of the Treasurer stands to the Credit of the Reserve Fund.

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