Minutes Wed 24 Apr 1918

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Wed 24 Apr 1918

Summary

General Half Yearly Meeting. Tonnage since 1 October 1917 £568 16s 6d. After wages, etc, balance £342 9s 1d. Dividend of 10s declared.

Verbatim text

At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at Wallbridge on Wednesday the 24^th day of April 1918 @ 3.45 o'clock pm
Chairman.
It appears that the sum of £568..16..6 has been received from the 1^st day of October 1917 to the 31^st day of March 1918 and a balance brought forward of £373..4..9 from last Half Years A/c (after payment of Dividend) making a total of £942..1..3 of which sum |$499..12..2 has been applied towards the payment of wages, disbursements, etc, (including the sum of £150 paid towards the deficit of Revenue of the Thames and Severn Canal - Act 1895) and there remains in the hands of the Treasurer the sum of £342..9..1.
Ordered that a Dividend of £-10/- per share be declared payable on the 1^st day of May next free of Income Tax carrying forward a balance of £242..9..1 to the next Half Years A/c.
The sum of £7..5..6 in the hands of the Chancery Lane Safe Deposit and Offices C^o Ltd and £500 in Cape of Good Hope 3½% Inscribe Stock costing £520..1..0 and £500 North British Railway Cos 4½% Convertible Preference Stock costing £589..9..6 and £250 5% War Stock 1929-1947 costing £234..6..10 stands to the credit of the Reserve Fund making a total of £1351..2..10.
It was resolved that the following Gentlemen form the Committee for the year next following or until another Committee be appointed viz: Mr A J Morton Ball, Major J R Morton Ball, Mr W R Bloxam, Mr W Davies, Mr P J Evans (Chairman), Mr E P Little, Mr F A Little, Captain R J Caruthers Little, Mr J Margetson, Sir W H Marling Bart, Mr S S Marling.

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