Date: 1841
To supply, ac cording to the above data, an annual quantity equal to 62,400 tons, (probable consumption for Port Phillip alone.)  a capital of £36,000 would be required, and this exclusive sf freight of machinery , en gineers, and workmen from home, or the salaries of officers' and other annual expenses on the spot.  To estimate, therefore, the called up capital at £50,000, and the nominal at £100,000, would be the least with which the Committee could advise a commence ment of operations; and upon this amount, the sale of 62,000 tons at 10s.