Minutes Wed 25 Oct 1905

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Wed 25 Oct 1905


General Half Yearly Meeting. Tonnage since 1 April £720 16s 8d. After wages, etc, balance £393 15s 8d. Dividend of £1 7s 6d declared.
Reserve Fund £588 16s 5d.

Verbatim text

At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at their Office at Wallbridge on Wednesday the 25^th day of October 1905 @ 4.45 pm.
It appears that the sum of £720..16..8 has been received from the 1^st day of April 1905 to the 1^st day of October 1905, and a balance brought forward from last Half Year (after payment of Dividend) of £66..6..4 making a total of £787..3..0 of which sum £393..7..4 has been applied towards payment of Wages, disbursements etc, and there remains in the hands of the Treasurer the sum of £393..15..8 available for Dividend.
Ordered that a Dividend of £1..7..6 on each share be declared payable on the 1^st day of November 1905 free of Income Tax carrying forward a balance of £118..15..8 to the next Half Year Account.
The sum of £68..15..5 in the hands of the Chancery Lane Safe Deposit & Offices C^o Ltd and £500 in Cape of Good Hope Inscribed Stock, costing £520..1..0 stands to the credit of the 'Reserve Fund' making a total of £588..16..5 .
It was ordered that twelve copies of the new Bye Laws be impressed with the Seal of the Company, and signed by the Chairman and the Clerk, for use in the Office, & by the Solicitors and members of Committee.

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