Minutes Tue 22 Apr 1902

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Tue 22 Apr 1902


General Half Yearly Meeting. Tonnage since 1 October 1901 £869 12s 1d. After wages, etc, profit £487 15s 10d. Dividend of £1 10s declared.

Verbatim text

[1902 Apl] _General Half-Yearly Meeting_ held at Wallbridge on Tuesday the 22^nd day of April 1902 @ 3.30pm
Mr H Hamilton Mills - Chairman.
It appears that the sum of £869..12..1 has been received from the 1^st day of October 1901 to the 1^st day of April 192 and a balance brought forward of £204..12..6 from last half year (after payment of Dividend) making a total of £1074..4..7 of which sum £586..8..9 has been applied towards payment of wages, disbursements, etc (including a sum of £150 paid towards the deficit of the Revenue of the Thames and Severn Canal Act 1895) and there remains in the hands of the Treasurer the sum of £487..15..0 available for Dividend.
Ordered that a Divident of £1..10..0 per share be declared payable on the 1^st day of May next free of Income Tax carrying forward a balance of £187..15..10 to the next Half Years Account.
The sum of £543..5..7 in the hands of the Chancery Lane Deposit & Offices C^o Ltd stands to the credit of the Reserve Fund.
Resolved that the following Gentlemen form the Committee for the year next following or until another Committee be appointed viz:- Mr C H Hooper Chairman, Mr H Hamilton Mills Vice-Chairman, Mr W J Stanton, Sir W H Marling Bart, Mr W Davies, Mr A J M Ball, Mr E P Little, Mr A B Hooper, Mr S S Marling, Mr P H Evans, Mr F A Little.
It was resolved that the greater portion of the Reserve Fund amounting to £545..5..7 now on deposit be invested and Sir W H Marling Bart, Mr A J M Ball and Mr H Hamilton Mills were appointed a Committee for the purpose with power to select a suitable security and to complete the investment.
It was further resolved that the investment be made in the names of Sir William H Marling, Mr H Hamilton Mills, Mr A J Morton Ball and Mr Arthur B Hooper as Trustees for the Company.

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