The British Press; or, Morning Literary Advertiser.
London, England, 1824-06-29 00:00:00

gate-street.
Sir THOMAS B. LETHBRIDGE, Bart., M.P. in the Chair.
Resolved unanimoudy. That it is the opinion of this Meeting,
that a Junction of the English and Bristol Channels, by means of
a Ship Canal, will be of essential advantage to the Commercial In.
toots of the Country, and at the same time promises an ample
remuneration for the expense of its execution.
That the Capital of the Company be for the present limited to
One Million, and the same be divided into Shares of One Hundred
Pounds each.
That a Subscription be now entered into, and that Books be af-
terwards left at the Ranking-house el Molars. Bosansuet and Co.
Lombard-street, for the purpose of eeceiving future Subscriptions,
and that a Deposit of One Pound be paid upon each Share at the
time of subscribing.
That the Subscription Book be beaded as follow; vie.:—" We,
sipairr
whose names are hereunto subscribed, authorised/is of
the several Sums subscribed by us in defraying the al-
ready Moored, and to be incurred in the Surveys, Pisa, -
tag, Estimates, sad other Charges necessary foe layering teggply
to Parliament for an Act to make a Ship Canal hoe she lithrwitpit:
illp lithal, eal as future
ins 'issues isapolead
M:aon ttiNeWrisaset, ad that n case we stall decline to tote
bases set opposite to our respective names, the Residue of the
D new paid by us shall be forfeited to the Company."
Stti whenever One Thousand Shays shall be subscribed for,
Mr. Telford be employed to survey and report his opinion upon
the best Line and probable Expense of a Ship Canal from the
Bristol to the English Channel at Seaton Bay. capable of navigating
Vessels of all descriptions, of 120 tons and 200 tons burthen, regis-
ter measurement.
That Sir Thomas B. Lethbridge, Bart., M.P.. Sir Christopher
Cole, Bart, ALP. Captain Bastard, M.P., Charles K. K. Tynte,
E. 1% M.P., Wyndham Lewis, Esq.. M.P., John Bent, Esq.,
M.Y., the Very Rev. the Dean of York. David Pollock, Esq., Rev.
Dr. Palmer, William Henning, Esq., Richard Pemberton, Esq.,
S. Bosanquet. Esq.. Roberteolmer, Esq.,John Lee Henning, Esq.,
George Elwell, Esq., John Berridge, Esq,„ Mr. George Brown, and
31r. barge Redman, be a Committee, with power to add to their
numbers from Subscribers of Five Shares and upwards, far the
purpose of discharging Expenses already incurred, and to be
incurred, and of superintending the Sway and defraying the Ex-
penses thereof out of the Monies subscribed, and that three be a
quorum.
That when the Surrey shall be complete, and Mr. Telford's Re.
port delivered, the Committee now appointed do call a General
Meeting of the Subscribers, in order that the Sum may be con-
sidered, and that such General Meeting may then adopt such ulte-
rior measures as may then appear proper.
That the Books do remain open till the 30th Day of June
Instant.
That the Resolutions of this day be inserted in such Newspapers
In Town and Country as the Committee shall think tit.
THOMAS B. LET li BR IDG E, Chairman.
Resolved unanimously, That the thanks of this Meeting be given
to Sir Thomas B. Lethbridge, for his able and impartial cunduct in
the Chair.

At a MEETING of the COMMITTEE, held at the Crown
and Anchor Tavern, on Saturday, the 12th Instant, the following I
Statement was agreed to he published:—
The Committee beg to submit, for the information of the public,
a short statement, founded upon the best data which they have
been able to collect fro:n the most autheutic sources of informa-
tion, for the purpose of exhibiting the probable returns to the Pro-
prietors upon the execution of the Canal, and which will clearly
demonstrate that a most ample remuneration cannot fail to result
40 those who embark their capital in the undertaking. The length
of the Canal, according to the plan laid down by the late Mr.
Beanie, atm 41 miles, arid it is not probable that any variation of
eonsequeoce of the survey about to be made by Mr. I
oaks a material alteration in that respect. Taking '
ati#l4imimie.7. estimate as a basis, and adverting to the dif-
ferent* , and to the proposal to substitute a Canal for Ships
of 120 tons, as formerly suggested, the expense
riots of the Canal is estimated at about 1,200,000/.
leulation which the f'ommittee believe to be not only
f adequate to meet all exigencies, but to be made upon a
liberal scale, the charges of wear and tear, repairs, management,
and other incidents, `ben the Canal shall be complete, are taken at
1,01101. per mile per annum, making an annual expenditure of
Auk 42,01101.
From local and ether information, collected at various tithes, and
at several periods, and itartieularly when a Boat Canal was in
agitation in the gear 1822, the Committee are of opinion that this
amount would be more than provided for by the tonnage upon lime,
limestone, calm, stone, bricks, tiles, and general merchandise, for
the internal trade which will be carried on by means of the Canal.
The annual expenditure being thus provided for, there will remain
fin the benefit of the Subscribers, the amount founded upon the
following estimate.
Prom returns made to the Muse of Commons in the present
Session, upon the motion of Sir Thomas It. Lethbridge, it appears
that the amount of tonnage which passed round the Land's-end in
1823 v., 1,030,490 tons, of which it further appears, that had the
Canal existed, 551,000 tons would almost of necessity have passed
through the Canal, and probably gnat part of the residue from
interest, eonvenienc.e, or other causes.
Front local and other information collected in the 'southern part
6f England, it appears that three was a consumption of coals in
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 500,000 tons will pass the Canals besides
these, the tonnage upon copper, iron, and sundries not otherwise
included, may be taken or a moderate scale at 100,000 tons.
From there sources/ a tonnage of 1,154,000 tons would use the
Canal, which, at Id. per ton per mile upon the avenge, would
produce an annual revenue of 201,050/. applicable to a dividend
among the Proprietors, and amounting to above 161/. per cent.
The charge of Id. per mile would fall so far Short of the ex-
podiums necessary in navigating round the Land'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 time
take plate the traffic upon the Canal would be increased in a very
considerable degree.
A prospectus, and farther particulars, may be had at the
Etankers,isnd the several Share and Canal Brokers' Oita in the
Cif, ; of Messrs. Bin and Lakin, solieittes, 5, Gray's law-marr;
.18d,pf-Mr.4jarke, solicitor, Chard, Somers*.