Minutes Tue 24 Oct 1899

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Tue 24 Oct 1899

Summary

General Half Yearly Meeting. Tonnage since 1 October 1898 £823 14s. After wages, etc, profit £534 2s 7d. Dividend of £1 15s 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 24^th day of October 1899 @ 3.30pm
Mr C H Hooper Chairman.
It appears that the sum of £823..14..0 has been received from the 1^st day of April 1899 to the 1^st day of October 1899 and a balance brought forward from last Half-Year (after payment of Dividend) of £135..2..9, making a total of £958..16..9 of which sum £424..14..2 has been applied towards the payment of Wages and other disbursements, and there remains in the hands of the Treasurer the sum of £534..2..7.
Ordered that a Dividend of £1..15..0 on each share be declared payable on the 1^st day of November next free of Income Tax, carrying forward a balance of £184..2..7 to the nest Half-Years account.
The sum of £520..18..5 in the hands of the "Chancery Lane Safe Deposit and Offices Company Limited" stands to the credit of the Reserve Fund.
Cheque drawn:
Thames & Severn Canal Trust: £150..0..0

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