Wed 27 Jul 1938
Income from 1 January £332 5s 9d. After wages, etc, balance £152 1s 3d. No dividend declared.
At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at Wallbridge on Wednesday the 27^th day of July 1938 @ 4.30 o'clock pm
M^r W R Bloxam Chairman.
It appears that the sum of £332..5..9 had been received from the 1^st day of January 1928 to the 30^th day of June 1938 and £225..0.0 and £1935..2..4 Deposit Accounts making a total of £2492..6..1 of which sum £328..11..10 had been applied towards payment of Wages, Disbursements, etc, £21..19..2 deficit brought forward from last Half Year £995..15..10 Deposit A/c and £1033..18..0 cost of £1000 3½% War Loan Stock making a total of £2340..4..10 and there remains in the hands of the Treasurer the sum of £152..1..3. Ordered that no Dividend for the Half Year ending June 1938 be paid.
£ 562 London and North Eastern C^os 4% 2^nd Preference Stock valued at £78..13..7 and £529..6..6 War Loan Stock (being the cost price of the total holding of £1000 costing £1033..18..0) stands to the credit of the Reserve Fund making a total of £608..0..1.
Resolved that the following Gentlemen form the Committee for the year next following or until another Committee be appointed:
M^r W R Bloxam Chairman, M^r H R Hooper, Major R J Caruthers-Little, M^r M Stewart, M^r S S Marling, Col J R Morton Ball, M^r G A Evans.
