Minutes Wed 24 Oct 1906

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Wed 24 Oct 1906

Summary

General Half Yearly Meeting. Tonnage since 1 April £711 16s 4d. After wages, etc, balance £401 1s. Dividend of £1 7s 6d declared.

Verbatim text

[Gen Mtg October] At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at their office at Wallbridge on Wednesday the 24^th day of October 1906 @ 4.45pm
Mr H Hamilton Mills Chairman.
It appears that the sum of £711..16..4 has been received from the 1^st day of April to the 1^st day of October 1906 and a balance brought forward of £51..16..7 from last Half Year (after payment of Dividend) making a total of £763,,12,,11 of which sum £362,,11,,11 has been applied towards payment of wages, disbursements, etc, and there remains in the hands of the Treasurer the sum of £401..1..0 available for Dividend.
Ordered that a Dividend of £1..7..6 on each Share be declared payable on the 1^st day of November 1906 free of Income Tax carrying forward a balance of £126..1,,0 to the next Half Years Account.
The sum of £67..14..8 in the hands of the Chancery Lane Safe Deposit and Offices Company Ltd, and £500 in the Cape of Good Hope 3½% Inscribed Stock, costing £510..1..0 stands to the credit of the Reserve Fund making a total of £587..15..8,

Notes

Cutting of Notice of meeting attached to page.

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