Series 4 > Scottish industrial history
(219) Page 174
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SCOTTISH INDUSTRIAL HISTORY
correctly charged as compared with what was intended to be
charged? - Yes.
Did you each half-year submit a similar statement to Mr.
Rowbotham, to the Chairman, or to the Directors ? -1 had no
access to the Directors at all. I usually went to Mr. Rowbotham,
and he got Mr. Hodgson to fix a time to come in and see what
was to be done, and the ways and means were adopted to pay
a certain dividend. In fact, good account-keeping has been
sacrificed to the payment of dividends.
You have stated that from your examination of the Revenue
accounts of January 1865, you found that the revenue was
some ^36,000 deficient to pay your Preference Dividends?-
Yes.
Did you report that to Mr. Hodgson, or Mr. Rowbotham, or
any of the Directors? - Yes, I took it to Mr. Hodgson when
he was in Mr. Rowbotham’s office. I mentioned it also to Mr.
Rowbotham.
Before the January accounts were published? - Yes, I required
instructions what to do.
What were the instructions you got? — It was arranged what I
should do. The Dividend must be paid under any circum¬
stances.
Were these the words used? -1 would not like to bind myself to
the words. Mr. Hodgson and Mr. Rowbotham and I were
present; and I will not be sure whether Mr. Hodgson gave me
instructions that day or a day or two afterwards, but I was told
to bring out a dividend of 2J per cent, that half-year.
Can you not give us a little more specifically what actually took
place, the explanations you made, and the statements that Mr.
Hodgson made? - No. He was a long time mute, and so was
Mr. Rowbotham. I remained there in the hopes of getting some
instructions, but I don’t think I got any instructions that day.
Were the instructions given you by Mr. Hodgson, specifically
that you must bring out the accounts so as to pay a dividend
of 2J per cent? - Certainly.
How did you do that? By making these cross-entries? - Yes.
I should like you to make up a statement shewing where the
money has been got for the dividend since January 1865.
SCOTTISH INDUSTRIAL HISTORY
correctly charged as compared with what was intended to be
charged? - Yes.
Did you each half-year submit a similar statement to Mr.
Rowbotham, to the Chairman, or to the Directors ? -1 had no
access to the Directors at all. I usually went to Mr. Rowbotham,
and he got Mr. Hodgson to fix a time to come in and see what
was to be done, and the ways and means were adopted to pay
a certain dividend. In fact, good account-keeping has been
sacrificed to the payment of dividends.
You have stated that from your examination of the Revenue
accounts of January 1865, you found that the revenue was
some ^36,000 deficient to pay your Preference Dividends?-
Yes.
Did you report that to Mr. Hodgson, or Mr. Rowbotham, or
any of the Directors? - Yes, I took it to Mr. Hodgson when
he was in Mr. Rowbotham’s office. I mentioned it also to Mr.
Rowbotham.
Before the January accounts were published? - Yes, I required
instructions what to do.
What were the instructions you got? — It was arranged what I
should do. The Dividend must be paid under any circum¬
stances.
Were these the words used? -1 would not like to bind myself to
the words. Mr. Hodgson and Mr. Rowbotham and I were
present; and I will not be sure whether Mr. Hodgson gave me
instructions that day or a day or two afterwards, but I was told
to bring out a dividend of 2J per cent, that half-year.
Can you not give us a little more specifically what actually took
place, the explanations you made, and the statements that Mr.
Hodgson made? - No. He was a long time mute, and so was
Mr. Rowbotham. I remained there in the hopes of getting some
instructions, but I don’t think I got any instructions that day.
Were the instructions given you by Mr. Hodgson, specifically
that you must bring out the accounts so as to pay a dividend
of 2J per cent? - Certainly.
How did you do that? By making these cross-entries? - Yes.
I should like you to make up a statement shewing where the
money has been got for the dividend since January 1865.
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| Scottish History Society volumes > Series 4 > Scottish industrial history > (219) Page 174 |
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| Permanent URL | https://digital.nls.uk/126657639 |
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| Description | A miscellany. Includes report of the 89th annual meeting of the Scottish History Society. Includes the report of the 89th Annual Meeting of the Society. |
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| Shelfmark | SCS.SHS.150 |
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| Description | Over 180 volumes, published by the Scottish History Society, containing original sources on Scotland's history and people. With a wide range of subjects, the books collectively cover all periods from the 12th to 20th centuries, and reflect changing trends in Scottish history. Sources are accompanied by scholarly interpretation, references and bibliographies. Volumes are usually published annually, and more digitised volumes will be added as they become available. |
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