Minutes Wed 18 Oct 1916

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Wed 18 Oct 1916

Summary

General Half Yearly Meeting. Tonnage since 1 April £560 13s 11d. After wages, etc, balance £375 16s 6d. Dividend of 10s declared.

Verbatim text

[1916 Oct] At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at their Office at Wallbridge, Stroud, on Wednesday the 18^th day of October 1916 @ 4 o'clock pm
Mr P J Evans Chairman.
It appears that the sum of £560..13..11 has been received from the 1^st day of April until the 1^st day of October 1916 and a balance brought forward of £195..2..5 from the last Half Year (after payment of Dividend) making a total of £755..16..4 of which sum £379..19..10 has been applied towards payment of wages, disbursements, etc, and there remains in the hands of the Treasurer the sum of £375..16..6.
Ordered that a Dividend of £ 10/-on each share be declared payable on the 1^st day of November 1916 free on Income Tax carrying forward a balance of £275..16..6 to the next Half Years Account.
The sum of £144..15..7 in the hands of the Chancery Lane Safe Deposit and Offices C^o Ltd, and £5000..- in Cape of Good Hope 3½% Inscribed Stock costing £520..1..0 and £500..- North British Railway C^os 4½% Convertible Preference Stock costing £589..9..6 and £100..- War Loan 4½% Inscribed Stock 1935-1945 costing £96..16..9 stands to the credit of the Reserve Fund making a total of £1351..2..10.

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