Wed 21 Apr 1909
General Half Yearly Meeting. Tonnage since 1 October 1908 £661 16s. After wages, etc, balance £195 11s 3d. Dividend of 15s declared.
Reserve Fund balance £598 3s 9d.
Procedure of Committee: Members of Committee to sign Minute Book on entering room, not to sign Minutes.
Committee for next year: P J Evans, Chairman, H Hamilton Mills, Vice Chairman, Sir W H Marling, W J Stanton, W Davies, A J Morton Ball, E P Little, A B Hooper, S S Marling, F A Little, F S Whittingham, J R Morton Ball.
[1909 April Gen Mtg] At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at the Canal Office at Wallbridge on Wednesday the 21^st day of April 1909 @ 4pm
Mr P J Evans Chairman.
It appears that the sum of £661..16..0 has been received from the 1^st day of October 1908 to the 1^st day of April 1909 and a balance brought forward of £193..18..9 from last Half Year (after payment of Dividend) making a total of £855..14..9 of which sum £560..3..6 has been applied toward payment of Wages, Disbursements, etc (including a sum of £150..- paid towards the deficit of the Revenue of the Thames and Severn Canal "Act 1895") and there remains in the hands of the Treasurer the sum of £295..11..3 available for Dividend.
Ordered that a Dividend of £0..15^s..0^d per share be declared payable on the 1^st day of May next free of Income Tax carrying forward a balance of £145..11..3 towards the next Half Years Accounts.
The sum of £78..2..9 in the hands of the Chancery Lane Safe Deposit and Offices C^o Ltd and £500 in Cape of Good Hope 3½% Inscribed Stock costing £520..1..0 stands to the credit of the Reserve Fund making a total of £598..3..9.
---It was Resolved that the following Gentlemen form the Committee for the year following or until another Committee be appointe:--- see over
[A/c] The half yearly A/cs of the Company were read compared with two previous half years and discussed and the proposal to pay a dividend of 15/- per share was carried, the only dissentient being Sir W H Marling who would have preferred a 12/6 dividend.
[Form of A/cs] It was agreed that in future the form of accounts should be altered and a Revenue A/c and Balance Sheet be presented to the Shareholders in the usual way.
[Various points concerning the procedure of the Coammittee] A letter from Mr Whittingham dealing by request with various points concerning the procedure of the Committee was read after which the question of members being disqualified by three consecutive absences was discussed but it was held that this being fixed by the Company's Act of Parliament could not be altered.
[Members of Committee signing Minute Book] It was agreed that Members of Committee shall sign their names on the Minute Book upon entering the Room and to dispense with the signing of the Minutes on the part of each Member at subsequent Meetings.
[Committee] It was resolved that the following Gentlemen form the Committee for the year next following or until another Committee be appointed, viz:
Mr P J Evans Chairman, Mr H Hamilton Mills Vice Chairman, Sir W H Marling Bart, Mr W J Stanton, Mr W Davies, Mr A J Morton Ball, Mr E P Little, Mr A B Hooper, Mr S S Marling, Mr F A Little, Mr F S Whittingham, Mr J R Morton Ball.
Copy of meeting notice pasted on minutes.
