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3 items of interest to the shareholders in the 1880s.
Nov 3 1883
Wilts and Berks Canal Company-
The annual meeting of shareholders was held at the Company's Offices, Swindon, on Friday, October 26th, the chairman, Mr Turner, presiding.
A dividend was declared at the rate of six per cent for the year ending September 30th, and upon the proposition of the chairman it was unanimously resolved that the sum of £50 be presented to MR H G. Allen as a testimonial for his services during the past five years as secretary and manager to the Company, and in view of his intended journey to Australia for the benefit of his health.
April 25 1885.
Wilts and Berks Canal Company
The half yearly meeting of this company was held at the offices, Swindon, on Friday, when a dividend of six per cent was declared and paid.
March 26 1887
Wilts and Berks Canal Company.
The first half yearly meeting of shareholders was held at the company's office at Swindon, on Friday, the chairman, Mr Henry Taylor, presiding.
In moving the adoption of the report, the chairman congratulated the company that they were able to show a balance in their favour, after paying all liabilities up to the 25th March. He stated that from that date their expenses would be considerably reduced as they had effected a reduction in salaries of £370 per annum, and relet their wharves and premises at an increased rent of £300 per annum. This included the house, and land, and wharf at Swindon, which the late manager had free of rent, the saving thus effected would be sufficient to pay six per cent, on the paid up capitol of the company, and he trusted that with this economy and the increased rents, combined with the amount to be received for tolls, would be such as to give the proprietors a handsome dividend in the future.
Mr. G.F.Fox seconded the adoption of the report, and the shareholders were highly pleased with the future prospects, the chairman alluded to the death of Mr Robert Pictor, of Box, one of the directors of the company, and spoke of the valuable assistance he had rendered since its formation.
The whole of the directors then retired from office in accordance with the Act of Parliament, and the following were elected for the ensuing year: Mr. Henry Taylor, Windsor Terrace, Clifton: Mr. Thomas Turner, Grove House, Swindon: Mr. George F. Fox, Keynsham: Mr. Adam Twine, Wootton Bassett: and Mr. James Hickins, Tyneham. Mr Edward Ormond, solicitor, Wantage, and Mr. Lewis, Wooton Basset, were appointed auditors.
A vote of thanks to the chairman for his valuable services during the existence of the company was unanimously carried.
Swiindon Evening Advertiser
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