Minutes Tue 21 Oct 1902

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Tue 21 Oct 1902


General Half Yearly Meeting. Tonnage since 1 October 1898 £815 19s. After wages, etc, profit £547 0s 3d. Dividend of £1 10s declared.

Verbatim text

[1902 Oct] At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at their office at Wallbridge on Tuesday the 21^st day of October 1902 @ 3.30 pm
Mr H Hamilton Mills Chairman.
It appears that the sum of £815..19..0 has been received from the 1^st day of April 1902 to the 1^st day of October 1902 and a balance brought forward from the last Half Year (after payment of Dividend) of £187..15..10 making a total of £1003..14..10 of which sum £456..14..7 has been applied towards payment of Wages, disbursements, etc, and there remains in the hands of the Treasurer the sum of £547..0..3 available for Dividend.
Ordered that a Dividend of £1..10..0 on each share be declared payable on the 1^st day of November next free from Income Tax, carrying forward a balance of £247..0..3 to the next Half-Years account.
The sum of £39..5..11 in the hands of the Chancery Lane Safe Deposit and Offices C^o Ltd and £518..15..0 in Cape of Good Hope 3½% Inscribed Stock stands to the credit of the Reserved Fund, making a total of £558..0..11.

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