Fri 22 Apr 1842
Half Yearly General Meeting. Tonnage £2786 17s 5d. Balance after wages, etc, £2117 16s 0d. Dividend of £10 10s declared. Proprietors to be informed that last two dividends were increased by temporary transit of large quantity of materials for Great Western, Cirencester & Swindon Railway, and that the lower dividend this time is due to less trade being undertaken following loss of tonnage on 18425 tons.
Question of whether any and what steps be taken to preserve fair share of traffic on Navigation.
Steps to secure power of taking due supply of water at feeder at Ebley.
At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at the George Inn Stroud on Friday the 22^nd day of April 1842
W J Wood Esq^r in the Chair.
The minutes of the last Gen^l Meeting were read & confirmed. The several Books & account of the Company were produced as directed (by Act of Parliament) and were examined & confirmed. It appears by the Accounts that the Sum of £2786.17.5 has been received for Tonnage, etc, from the 11^th day October 1842 to the 11^th Day April 1842 a part of which has been applied towards the payment of Wages, Disbursment, etc, and that there remains in the Treasurers Hands (after paying the last Dividend) the Sum of £2117..16..0.
Ordered that a Dividend of Ten Pounds ten Shillings be paid on each Share by the Treasurer on the first Day of May next, & that our Clerk Do transmit circular Letters to all the Proprietors to inform them that they may draw upon the Treasurer or apply to Him for payment of the same; and that the following be added to the circulars:-
N^o 13 The two last half yearly dividends were increased by temporary transit of a large quantity of Materials for the Great Western. Cirencester & Swindon Railway, which has now ceased; and the present Dividend is low in consequence of the very great falling off of Trade in general, and the consequent loss of Tonnage on 18426 Tons (as compared to the corresponding half year in 1841) And the attention of the Committee is directed to the question of whether any and what steps can be taken to preserved a fair share of the trafic of this Navigation.
The following Gentlemen are appointed a Committee for the ensuing year (viz:)
John Holbrow, Richard Martin, George Wathen, Henry Wyatt, P H Fisher, J F Fisher, S Fisher, H Beard, Fred Eycott, Robert Hughes, T C Croome, W Cosham, John Stanton.
Ordered that the Committee do take steps with all due expedition to carry into effect the Resolution of the former Committee for securing a Power of taking a due supply of Water at the feeder at Ebley.
