Isle of Thanet Gazette 26th March 1910.   'MARGATE HOY COMPANY' - At the ordinary general meeting of this Company, held at the Registered Office, 53, High Street, Margate, on Monday evening, the following report was received from the Directors, who are Messrs. John Bayly (Chairman), A.W. Bayly, H. Wootton, R. Rapson, l.A. Drain and George Judge:- "The Directors submit the accounts for the twelve months ending January 30th, 1910, and regret the working shows a small loss, partly accounted for by the reduction of rates and the running of two barges during the winter months, in order that the connection might be kept together. The retiring Directors by rotation are Mr. Henry Wootton and Mr. Robert Rapson who, being eligible, offer themselves for re-election". The balance sheet showed liabilities on the capital account in shares and debentures of £2,750, and on the revenue account, to creditors. £156. 3s. 6d., and cash due to the bank £85. 18s. 7d.; total £2,992. 2s. 1d. As as setts the Company's property was valued at £2,550, and on the revenue side of the account £5. 13s. 6d. was put down to petty cash, and £87. Os. 8d. as outstanding accounts to collect, whilst the balance at debit on the profit and loss account was stated to be £349. 7s. 11d. No dividends were, under the circumstances, payable to the shareholders. Margate Local & Family History