The British Press; or, Morning Literary Advertiser.
London, England, 1825-08-13 00:00:00

The sources of a revenue, proportioned to this expenditure,
established by the evidence of competent and respectable witnesses,
were arranged under the following heads : Tons.
la. The supply of coals to the whole extent ofcountry
bordering upon the Canal, and for a considerable di.
tame on each side of it, including the towns of
Bonitos, Taunton, Ilminster, Axminster, Chard,
Erewkerne, Yeovil, Colyton, Langport, Bridge.
%um and °Ares, taken only at one-half of the esti-
mate, a, 45.000 tons, and groceries and other goods
at 15,000 tons - . . 60,000
21. The like supply of coals to the southern parts of
England, taken at one-hall only of a reduced esti-
mate - - - 500,000
34. Tonnage of limestone for paving, building, &c. 30,000
4th. Tonnage of ships trading between English ports,
paving through the Canal, taken at one-half of the
tonnage of vessels at present navigating round the
Land's End, as appearing by returns made to Par-
Gement foe the purpose of this calculation - 205,337
sth. Tonnage of foreign vessels using the Canal, taken
at two-thirds of the amount ascertained by the like
teems . - . - 127,868
4th. Tonnage of British vessels trading to foreign
ports, taken at one-half the quantity, ascertained by
like returns . - . 80,010
ith. Tonnage of vessels trading from Ireland to Bri-
tish and foreign ports, taken at one-third of the
quantity, ascertained by like returns - 83,312

1.093,54

Total tonnage .
At a charged( lil. per ton per mile on an average,
the above tonnage will produce, foe the whole
44 miles of Canal, a cu.., revenue of - £200,846 12 4
Add • tonnage rate, to be levied on all vends
taking refuge in, or using the proposed hat.
bout, and also en vesicle proceeding along the
Canal, to Bridgewater and the river Parfet.
The amount ani,unlly from these sources may,
on an average of years, betaken at 10,000 0 0
Clear annual income arising from the Canal and
Herber& and applicable to a dividend among
the proprietors, of about 12 per cent. 210,840 12 0
Y.B. The expenses of management, repairs, and every other
contingency, will be provided for by the tonnage arising on the in-
tonal traffic on the Canal,
In the above calculation no allowance is made for the vast in-
ertue of trade which is annually taking place in South Wales, and
to which this undertaking will most essentially contribute ; nor is
any tonnage reckoned in coal brought from Wales to London ; the
Stone Coal and f!talin is however already used there, and on the east
coast of England ; and there is every reason to expect that the com-
mon Welsh Coal will find its way to the London market, when a
rare and regular mode of transit shall be secured.
The consequent increase of trade and manufacture in the fine and
ix/rubs% country through which the Canal will pass, presents •
Prospect of additional revenue to a very considerable extent ; and
le the great Northern Canals, which have proved so immensely
Poduetive, that increase has been the great source of profit. It
thaald here be noticed that a recent negotiation will allow the Cm-
Potation, at a very moderate expense, to make a branch Ship Ca-
re/ to the populous and wealthy town of Taunton, and that a Junc-
tion with the Grand Western Canal will, by the same means, be
erected.
It should also be noticed, that although in the event of a war the
transit through the Canal will he very materially augmented, the'
!dthfienei income to be derived from that event has not been talus
lealeaNiSiatadon in the above estimates.
The Counnittee, therefore, conceive that this undertaking cannot
leneWcred of a delusive or even of a doubtful and hazardous
elitilastise_.. but a measure affording to the subscribers every ream.
ahenirance of an ample present profit, and the additional PM.
ee of an income increasing with the advance of national pomp&
?,
The esvitsl of 1.760,00111. is directed in the Act to be edge& by
of 1001. cacti, No shareholder will be liable beyond his
—•••rt. tuld his liability future calls in respect of ouch shares will
are immediately on a transfer ; the Act direct, that two months
et the least shell Intervene between each call, and that no call shall
Maid 6 per eent.
...A Genoa! Meeting of the Subscribers will take place on the lath
7...._Avetees. to elect Directors, and make the necessary arrange-
"""me rat the commencement of the work ; and the Committee te-
rn Oho ell communications, in the interval, may be addressed to
L King and Lukin, 3, (}say's Inn-square ; and Mr. Clarke,
hard, 6omereet.