Minutes Wed 23 Oct 1918

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Wed 23 Oct 1918

Summary

General Half Yearly Meeting. Tonnage since 1 April £603 4s 6d. After wages, etc, balance £313 0s 6d. Dividend of 10s declared.
Reserve Fund balance £1351 2s 10d.

Verbatim text

At a General Half-Yearly Meeting of the Proprietors of the Stroudwater Navigation held at Wallbridge on Wednesday the 23^rd day of October 1918 @ 4 o'clock pm
Philip Jas Evans Chairman.
It appears that the sum of £603..4..6 has been received from the 1^st day of April to the 1^st day of October 1918 and a balance brought forward of £242..9..1 from the last Half-Year (after payment of Dividend) making a total of £845..13..7 of which sum £532..13..1 has been applied towards payment of wages, disbursements, etc, and there remains in the hands of the Treasurer the sum of £313..0..6.
Ordered that a Dividend of 10/- on each share be declared payable on the 1^st day of November 1918 free of Income Tax carrying forward a balance of £213..0..6 to the next Half-Years Account.
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% Inscribed 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.

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