Minutes Wed 1 Aug 1928

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Wed 1 Aug 1928

Summary

General Half Yearly Meeting. Tonnage, etc, since 1 January £678 2s 7d. After wages, etc, balance £50 1s 5d. No dividend declared.

Verbatim text

At a General Half Yearly Meeting of the Proprietors of the Stroudwater Navigation held at Wallbridge on Wednesday the 1^st day of August 1928 @ 3.30 o'clock pm
M^r J Margetson Chairman.
It appears that the sum of £678..2..7 had been received from the first day of January to the 30^th day of June 1928 which with the balance brought forward of £70..11..1 making a total of £748..13..8 of which sum £698..12..3 has been applied towards payment of wages, disbursements, etc, and there remains in the hands of the Treasurer the sum of £50..1..5.
Ordered that NO Dividend for the Half Year ending June 1928 be paid.
£500 Cape of Good Hole Stock (3½% Inscribed) valued at £395 and £562 in London & North Eastern Railway Cos 4% Second Preference valued at £325..19..2 and £29..5..11, including 6/11 Interest transferred to Revenue A/c, on Deposit at Lloyds Bank Ltd, Stroud stands to the credit of the Reserve Fund making a total of £750..5..1.
It was Resolved that the following Gentlemen form the Committee for the year next following or until another Committee be appointed:
Col J R Morton Ball. M^r W R Bloxam, M^r G A Evans, M^r H R Hooper, Major J R Caruthers-Little, M^r E P Little, M^r F A Little, M^r J Margetson, Col S S Marling.

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