Minutes Thu 25 Jan 1923

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Thu 25 Jan 1923


General Half Yearly Meeting. Tonnage, etc, since 1 July 1922 £964 13s 6d. After wages, etc, balance £504 9s 1d. No dividend declared.
Mr H R Hooper appointed to Committee.

Verbatim text

At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at Wallbridge on Thursday the 25^th day of January 1923 @ 4.15 o'clock pm
M^r J Margetson Chairman.
It appears that the sum of £964..12..4 has been received from 1^st day of July 1922 to the 31^st day of December 1922 and a balance brought forward of £412..18..11 from the last account (after payment of Dividend) making a total of £1377..11..3 of which sum £873..2..2 has been applied toward payment of wages, disbursements, etc, and there remains in the hands of the Treasurer the sum of £504..9..1.
Ordered that no Dividend for the Half-year ending December 31 be paid in view of the fact that the state of the trade and the heavy anticipated expenses did not justify the same,
£500..- in Cape of Good Hope 3½% Inscribed Stock costing £520..1..0 and £500 North British Railway C^os 4½% Convertible Preference 1875 costing £589..9..6 and £250..- 5% War Stock costing £234..6..10 stands to the credit of the Reserve Fund making a total of £1343..17..4.
Resolved that M^r H R Hooper be appointed to the Committee.

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