Report and Statement of Accounts for the Penarth Ship Building & Ship Repairing Company, Limited during the year ended 31st December 1906. [001]

In May of 1906, South Wales was hit by a major earthquake of magnitude 5.2 which was felt most severely at Swansea and district. A minor earthquake must have been felt by the Directors at this shareholders meeting when it was announced that there was to be no dividend payable. The newspapers announced the decision:

Penarth Ship-Building Company - 'The directors of the Penarth Ship-building and Ship-repairing Company (Limited) report a profit of £479 10s. 8d., but the directors cannot recommend the payment of a dividend.' - Evening Express [135] 15th February 1907