The British Press; or, Morning Literary Advertiser.
London, England, 1825-08-01 00:00:00

ENGLISH AND BRISTOL CHANNELS SHIP'
CANAL.
The Act for the tnnratiou of this greet week having paned, and
its general merits, and the eIefeCUMNS eirtbo animates of expanse
and return havinf; been fully inmotiplad in hods Houses of Parlia-
ment, the Conimatee of M t deem it right, at the testi-
nada' of their labours, to suben t to the public a brief statement of
the nature of the plan, and of the prospect of advantage which it
holds out. The Committee consider such a statement, founded
upw the evidence adduced, to be the more necessary, in censeqn es ce
of the partial and unconnected mode in which, during a contest
asking purely out of local interests, the attention of the public has'
been called to the detail, while it hat been led away from the lead-
infeatures of the measure.
The extreme danger and difficulty in the navigitiort round the I
Land's End, and the detentions, extending frequently to 3i: weeks. •
and pea longer periods, arising (torn the south-westerly winds,
which prevail during II or 9 months in the year, are tarts well
known to all poisons interested in the ahippi.:g trade from Ireland,
Wale*, Liverpool, and the ports of the Bristol Channel. The
calamitous losses of lives and shipping on the COMM of Devon.▪ and Cornwall are too frequently detailed in the newspapers to
have escaped the notice of the public generally.
These circumstances beipg kept in view, a slight glance at the
map will suffice to demonstrate to any oue, the great obstructions
which must exmleyrently arise to all vessels trading from ports
westward and northward of the Land's End, to ports southward
arid eastward of it; and that these obstructions must most
especiallty present themselves to the increasing trade in the southern
counties of Wales, will also be readily perceived.
To remove these evils, and to open a speedy and safe 0011103110 i•
cation at all seasons for vessels trading item London and um PIIFIC
on the eastern and pouthern coasts of England, to the pens or
Its/and and the western ports of England, including Liverpool Wei
ilkistol, and to the coasts of South Wales, are the main objects at
tic proposed Ship Canal.
The Canal will extend from Beer or Seaton Bay in the English
Channel, to Stniford or Bridgewater Bay in the Bristol Channel; it
will be 44 miles long; 90 feet wide, and 15 feet deep, and may be
navigated by vessels of no tons burden, register measurement, when
Lilly loaded.
At the two extremities harbours will be constructed. and. as
will be seen by the evidence, these harbours will not only secure
to vessels • using rite Canal sate and commodious entrances to it,'
but will he of great service to the Shipping Interest generally. as
Asylum Harbours, and will also prevent an immense /on of Len
and property. The proposed harbour at Beer will. io time of war,.
be of incalculable advantage in 'preventing captures by the rnetny'n
cruisers.
The tatol expense of forming the Canal and Harbours. and or
amply providing for every contingency incident to ouch a work, is
estimated by Mr. Telfonl at 1,712,844 L and from his evidence, on
oath, it appears that he has alfbwed for each distinct part of the
work a sum at which be can immediately find parties willing to
contract for it.
The sources of a revenue, proportioned to this expendituwe,
established by the evidence of competent and respectable witeessm,
were arranged under the following heads Tons.
Ist. The supply of coals to tle whole extent ofeountry
bordering upon the Canal, and fora considerable dis-
tance on each aide of it, including the towns of
Honiton, Taunton, Iluilnoter, Axminster, Chard,
Crewkerne, Yeovil, Colyton, Langport, Bridge-
water, and others, taken only at or.e.half of the es-i•
mete, err 45,006 tons, and groceries and other goods
at 15,900 tons 60,0(0
2d. The like supply of coats to the southern parts of
England, taken at one-hall only of a reduced esti-
mate - 500,000
31. Tonnage of limestone for paving, building, tee. 38,009
4.h. Tonnage of ships trathng between English ports,
passing 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 P.a.
liament fur the purpose of this ealculaton - 205,33;
ad,. Tonnage of foreign vessels using tic Canal. taken
at two-thirds of the amount ascertained by the Ike
returns 127.86 S
• 6th. Tonnage of British trench trading to foreign
'ports, taken at one-lialf the quantity, ascertained by
like return. 29,010
-7th. 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

Total tonnage - 1,W5,53;
At a charge of per ton per mile on an aterage,
the above tonnage will produce, for the whole
44 miles of Canal, a gross revenue of - £200,046 12 4
Add a tonnage rate, to be levied on all vessels
caking refuge in. or using the proposed har-
bour, and also on vessels proceeding along the
Canal, to Bridgewater and the river Panet.
Tne amount annually from these sources may,
on an average of years, be taken at 10,000 0 0

Clear annual income arising from the Canal and
Harbour*, and applicable to a dividend among
the proprietors, of about 12 per cent. - 210.846 12 4
N.B. The expenses of management, repairs. and every other
•eantingenej, will be provided for by the tonnage arising on the in-
ternal traSc on the Canal.

In the above calculation no allowance is made for the vast in-
crease 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 Calm 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
safe and regular mode of transit shall Lis seemed.
The consequent increase of trade and manufacture in the fine and
populous country through which the Canal will pass, presents a
prospect of additional revenue to a very considerable extent; and
an the great Northern Canals, which have proved so immensely
renductive, that increase has been the great source of profit. 1";
should here be noticed that a recent negotiation will allow the Cor-
poration, at a very moderate expense, to make a branch Ship Ca-
mil to the populous and wealthy town of Taunton, and that a Junc-
tion wish the Grand Western Canal will, by the same means, be
effected.
It should also be noticed, that although in the scent of a war the
transit throngh the Canal will be very materially augmented, the
itYitional income to be derived from that event has not been taken
into consideration in the above estimates.
The Committee, therefore, conceive that this undertaking cannot
he considered of a delusive or even of a doubtful and hazardous
character, but a measure affording to the subscribers every reason.
able assurance of an ample present profit, and the additional pro.
miss of an income increasing with the advance of national prospe.
II :y.
The capital of 1,750,000 f. is directed in the Act to be raised, by
shares of 1001. each. No shareholder will be liable beyond his
shares, arid his liability to future calls in respect of such shares will
cease immidiately on a transfer; the Act directs, that two months
at the least shall intervene between each call, and that no call shall
exceed 6 per cwt.
A Oeneral Meeting of the Subscribers will take place on the 18th
of Augur, to elect Direstora, and make the necessary arrange-
ments for the commencement of the wink ; anti the Committee re-
cart that all communications. in the Interval, may be addressed to
Messrs. King and Lukin, 5, Gray's Inn-square ; and Alr. Clarke,
Chard, Somerset.

PRICES OF BItITISU S'
Bank Stock
3 per Cent. Red. 90i I
per Cent. Cons. 89 f9O
Dh•to Acct. 8W 0 j 901
3i ►re Cont. 96i
per Cell% Red. 98.
New 4 per Celli. 188

'OCKS ON SATUR Y.
India Stock 271 274:4 271
India Bonds 48 60 pm
Long Ann. 24
Ex.8i115,1N.1.090/.2922 2C pm
5011/. 25 26 pm
Ditto, Snail' 23 27pin
Lottery Tickets, 191. 194.

t.tlCrS FORT lUN
Brarinan 13onds
1):tto Acct.
Ditto Scrip 31 dis
Ditto A eet. 4 3; dis
Buenos Ayres bonds 90
Colombian Bonds
D, to Bonds C 18241841
Di!to Arm 84 31 d
Danish Bonds
Ditto Scrip (Im) 3} dis
French Rentes spr Ct. 102 f. 7,ie.
Escbange 251.
4; reek Bonds
Ditto Scrip t1e25)121 131 13 dis

I'OCCS ON SATURIDA .
Ditto Acct. 121 131 13 dis
Mexican Bonds 761 1
Ditto Acct. 7.5 A
Ditto Bonds (132. i) 811
Ditto Saip (1323) 3t / I dia
Ditto Acct. 3 1I 3 die
Peruvian Bonds 74i
Poitugnese Bonds
Ditto Acct. 871 1
Prussian Bonds 1011
Russian Bonds 90
Ditto Acct 901 y A
Spanish Cons. 21i 213
Ditto Acct. 22 1/

PRICES OF SHAW
xi

S ON SATUHDAI.
Is.

st,
Anglo-Chili= 4:1
Castello & E!.pirlici Santo Braid 1 -
Cornwall and Devonaliire
Rapiers IOU 5 par i i die
Paseo-Peruvian IOU 5 131 13 i
rotoftl, La Paz, and Peruvian 50 5 4.J i 4
Royal !wish 25 1 9-16 1 0
Ty warobalo 25 3 4i i i dis
United 3lexteast 4O 20

are: Plia. Premium per Blare
lOU 5 2
lOU 5 2i

j)itto New 4O 10 25i
►Welsh Into scd IDsal 25 10 14 1

ASSURANCE COMPANIES.
Alliance British and Foreign lOU IV 5.
Ditto 3larfr.e - 25 6 1
Protector e 2O 2 a di,
satscri.Lavrous.
British Iron Company WO IV It I
British Rork ar.ii Patent Salt SOS 7 CI
Droityrizh Patent Salt 25 6 24 3
Drat IVestminster Dairy 26 4 3 d die
London Carpet Company l4) 2
fir
Lond. a-A Bout. Steam Packet SY
Lower Rhine Steam Nay lOO I 14 2SI
Pray:rural Bank of Ireland IOU 5

An address has been presented to the Right Rey. Dr.
Doyle, the Roman Catholic Bishop of Kildare, from the
parochial priests of his diocese, thanking him " for the abi-
lity, fidelity, and dignity displayail in his testimony before
both Houses of Parliament." A subscriptton has been
opened to procure " his Lordship such a residence as
will fix the atttntion of posterity on the period and on
the pc eta., . '