I am happy to wait in the hope of an answer.
Please do continue.
Sorry to have given you a tricky one.
The formation of the company coincided with the purchase the small area of adjacent land and of the moorings using the money raised through the premiums and the initial issue of shares. The company therefore owns the riparian land and all the moorings including the thirteenth.
The number of shares issued/allocated depends on the dimensions of each boat, i.e. size of mooring required.
The moorings are licenced by the Port of London Authority which owns the river bed.
Hope this answers your questions.
I am not quite certain how to answer this question, except to state that the Marina has always been fully residential, non-profit and non-trading. No dividends have ever been paid and the only new shares to be issued have been sold at a premium by the Company in circumstances where new or larger moorings have been required. To all intents and purposes the resident of the thirteenth mooring was an equal participant in all affairs, except in so far as voting at an AGM was concerned.
In 1990 identical new agreements were issued for all moorings. That for the thirteenth mooring contained additional footnotes to the effect that the Company had ‘allocated but not issued’ 718 shares and acknowledged the sum of £200 paid in 1974.
My only information is that the £200 was paid in order that the shares could be set aside for future purchase.
I understand your answer and see the logic in it. Clearly we have to dig deeper into the archives. If we find more we shall get back to you.