Tue 25 Apr 1905
General Half Yearly Meeting. Statement of accounts including income, expenditure, balance and reserve fund. Dividend of £1 10s declared.
Committee for next year named.
The passing of new byelaws was approved.
At a General Half-Yearly Meeting of the Proprietors of the Stroudwater Navigation held at their Office at Wallbridge on Tuesday the 25^th day of April 1905 @ 3.30 pm
Mr C H Hooper - Chairman.
It appears that the sum of £755..16..5 has been received from the 1^st day of October 1904. to the 1^st day of April 1905 and a balance brought forward of £155..8..2 from last Half-Year (after payment of Dividend) making a total of £911..4..7 of which sum £544:..8..3 has been applied towards payment of wages disbursements etc. (including a sum of £154..12..3 paid towards the deficit of the Revenue of the Thames and Severn Canal) and there remains in the hands of the Treasurer the sum of £366..6..4 available for Dividend.
{GEN. MTG.] Ordered that a Dividend 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 £66..6..10 to the next Half Years A/c.
The sum of _£55:18:1_ in the hands of the Chancery Lane Safe Deposit and Offices Company Ltd. and £500..0..0 in Cape of Good Hope Inscribed Stock costing £520..1..9 stands to the credit of the Reserve Fund making a total of £575..19..1.
It was 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, Sir W H Marling Bart. Mr P J Evans. Mr W Davies. Mr E P Little. Mr F A Little. Mr A J M Ball. Mr W J Stanton. Mr S S Marling. Mr A B Hooper.
That this Meeting do approve of the passing of new Bye-laws in lieu of the existing Bye-laws (other than those made under the 'Explosives Act' 1875*) in such form as the Committee shall with the sanction of the Board of Trade agree.
* A copy of the Bye-Laws passed in response to the Explosives Act 1875 is available at https://stroudwaterhistory.org.uk/file/11/1876-explosives-regulations/.
