The British Press; or, Morning Literary Advertiser.
London, England, 1824-06-25 00:00:00

At a 3IEETINO of the COMMITTEE, held at the Crown
sad Anchor Tavern, on Saturday, the 11th Instant, the following
Statement was agreed to be 'published :
The Committee beg to submit, foe the information of the public,
a short statement, founded upon the best data which they have
been able to collect from the moat authentic sources of informs.
Lion, for the purpose of exhibiting the probable returns to the Pro-
s=supon the execution of the Canal, and which will clearly
demonstrate that a most ample remuneration cannot fail to result
to those who embark 'heir capital in the undertaking. The lenKth
of the Canal, according to the plan laid down by the late Mr.
Rennie, gas 41 miles, and it is not probable that any variation of
the line, in consequence of the survey about to be made by Mr.
Telfonl, can make a material alteration in that respect. Taking
also M. Rennie's estimate es a basis, and adverting to the dif.
ference of prices, and to the proposal to substitute a I.,anal for Ships
of 200 tons, instead of IN tons, as formerly suggested, the expense
of the execution of the Canal is estimated at about 1,2101,0001.
Upon a calculation which the Committee believe to be not only
fully adequate to meet all exigencies, but to be made upon a
liberal scale, the charges of wear and tear, repairs, management,
and other incidents, when the Canal shall be complete, are taken eta
1,11001. per utile per annum, making an annual expenditure of
about 42.01101.
From kind and other infonnaiiqn„ collected at various times, and
at several periods, and particularly when a Rost Canal was in
agitation in the year 182-2, the Committee are of opinion that this
amount would be more than provided for by the tonnage upon lime,
limestone, cult'', stone, bricks, tiles, and general merchandise, fur
the internal trade which will he carried on by Teals of the (latish
The annual expenditure bring thus provided for, there will remain
for the benefit of the Subscribers, the amount founded upon the
following estimate.
From returns made to the House of Commons in the present
Section, upon the motion of Sir Thomas B. Lethbridge, it appears
that the amount of tonnage which passed round the Land's-end la
1823 was 1,41311,4.141 tons, of which it further appears, that had the
Canal existed, 454,000 tons would almost of necessity have passed
through the Canal, and probably great pact of the residue from
interest, convenience, or other causes.
From local and other information collected in the southern part
of England, it appears that there was a coneuniptiint of coals he
1811, amounting to 1,400,000 tons per annum, which has since
considerably increased, but of which the Committee are satisfied
with assuming that only titahtlen tons will pass the Canal; besklis
thole, the tonnage upon copper, iron, and sundries not tubercle*
included, may be taken on a moderate scale at 1110,000 tons.
From these sources a tonnage of 1,154,1100 tuna would use the
Canal, which, at Id. per ton per mile upon the average, would
produce an annual revenue of 201,t1a14. applicable to a dividend
among the Proprietors, and amounting to above 1641. per cent.
The charge of Id. per mile would fall lo far short of the ex-
penditure necessary in navigating round the hand's-end, as to
make it a matter of certainty that the Canal would be preferred.
In these remarks the Committee contemplate that the country is
in a state of peace, but it is obvious that should war at any tune
take place, the traffic upon the ('anal would be increased in a very
considerable degree.
A prospectus, and further particulars, may be had at the
Bankers, and the several Share and Canal Brokers' Infices in the
City; of Messrs. Kin and 'Akin, solicitors, 5, Gray's Inn-square;
and of Mr. Clarke, solicitor, Chard, Sonur.et.

er HIS MAJESTY'S ROYAL LETTERS PATENT.
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T-BTREET
AVARfETY of FOREIGN and lIRITISII MAR-
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'mum

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Warehouse. No. 4, Regent-street, new Charles-street, St.
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