Minutes Wed 23 Oct 1907

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Wed 23 Oct 1907

Summary

General Half Yearly Meeting. Tonnage since 1 April £718 4s 2d. After wages, etc, balance £300 0s 3d. Dividend of £1 2s 6d declared.
Reserve Fund balance £554 15s.

Verbatim text

[1907 October] At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at their Office at Wallbridge, Stroud, on Wednesday the 23^rd day of October 1907 @ 4.45pm
Mr C H Hooper Chairman.
It appears that the sum of £718..4..2 has been received from the 1^st day of April to the 1^st day of October 1907 and a balance brought forward of £40..0..7 from last Half Year (after payment of Dividend) making a total of £758..4..9 of which sum £458..4..6 had been applied towards payment of wages disbursements, etc, and there remains in the hands of the Treasurer the sum of £300..0,.3 available for Dividend.
Ordered that a Dividend of £1..2..6 on each share be declared payable on the 1^st day of November 1907 free of Income Tax, carrying forward a balance of £75..0..3 to the nest Half Years account.
The sum of £34..14..0 in the hands of the Chancery Lane Safe Deposit & Offices C^o Ltd and £500 in the Cape of Good Hope 3½% Inscribed Stock costing £520..1..0 stands to the credit of the Reserve Fund making a total of £554..15..0.

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