The Sun.
London, England, 1825-08-02 00:00:00

NEAPOLITAN LOAN of 2, 500 0001. nego-
dated by Mr. N. M. ROTHSCHILD, in London:
NOTICE is hereby given, that in conformity with the Con.
tract of said Loan, pursuant to which a Sinking Fund was-pro-
yided whereolthe Second Half-yearly Redempticin fell due on
the Ist of the present month of August, his Excellency Count
Ludolf, Envoy Extraordinary and Minister Plenipotentiary of
his Majesty the King of Naples, jointly with Mr. N. M.
Rothschild, and accompanied 'by Mr.- Charles Green, Notary
Public, have this day CANCELLED and deposited in the
Bank of England, accordingto the foim prescribed,the amount
of Thirteen Thousand Eight Hundred Pounds in Special
Bonds of the said Loari, as specified below, being the Second
Half of the-Sum fixed for the Redemption ,in the year 1825,
viz. :,-.l.per cent per annum on the amount of the 'Loan, in.
eluding the saving of interest on the 4,5001. deposited on: the Ist
of February last.
Numbers of Special Bonds cancelled :—Nos. 1603, 3570,-
8949, 3950, 3570, 4270, 5127, 5128, 5130 a 5132,-5626, 5864 a
70. 6143 a 6150, 6351, 6352, 6372 a 6376, 6868 a 6873, 8806 a
8822, 9209, 9239 a 9240, 090, 9477 a 9486, 9513, 9528 a 9552,
9583 a 9590, 10998, 11117, 12651, 12794 a 12813, 13439, 13440,
13487 a 13490, 14091 a 14095—together 138 Bonds of 100/. ,
13,8001. •

WAR-OFFICH STEAM-PAC/MTS.-BRISTOL AND
DUBLIN DIRECT.

- •
91111 E Nobility, Gentry, and Public, are re.
spectfnlly informed, that THE PALMERSTON,
JOHN HYDE, Commander, Sails for DUBLIN direct every
WEDNESDA Y, and leaves DUBLIN for BRISTOL every
SATURDAY.

BRISTOL AND CORK.
The_ GEORGE THE FOURTH, JOHN BROWNE,
Commander, Sails for CORK every SATURDAY direct,. and,
leaves CORK for BRISTOL every TUESD %Y.
Births secured, and Cards; giving. the Days and •HoUrs of
Sailing for the Season, may be obtained on application to
Bishop and Cooper,. White Hart, and Wm. Dore,-White Lion,
Bath ; William Neylors . .Plough Hotel, Cheltenham,; J. R.
Williams and Co., No. 11, Clement's-lane, Lombard-street, or
Wm. Robinson, New "White Horse Cellar, Piccadilly, London.
Carriages and Horses carefullyShippetl.,.
. ROBART SMART, Agent.
War-Office Packet-OfAce, 1, Broad Quay.

ROYAL HOTEL, IHRSIENGHAIII, jtrr.Y 19, 1825.
WORCESTER and OLQUCE,STER. UNION CANAL.
AT an adjournedetietlil Meeting of the Sub-
scribers, held this dak, Wlll. WYNNE SMITH,
Esq. in the Chair; the following 'Report was delivered. in. by
the Provisional Committee t-- • ;
" The Provisional Committee, to whom it was referred -by
the General Meeting of-Subscribers to the, proposed Union
Canal, on. the 7th of June last, to inquire into the state of the
trade, now actually passing down., from. Birmingham, and the•
intermediate places, to where the Junction is intended to be
formed with the Worcester and Birmingham Canal, and ap.:
wards from Bristol; Gloucester, the Bristol Channel, and all
the intermediate places,: to the said Junction ; and also the
probable amount of the trade'not now going in that-direction,
but which may reasonably be expected to be diverted or creat-
ed on that Line, when the Gloucester and Berkeley Canal shall
be finished, and the intended New Line completed, beg to re-
port as follows: •
" That they have-given to the several Questions referred-to
their consideration, their most eareful attention, and find that
the amount of the Trade-no* Actually in existence,'and which
would certainly_ come upon the-NNeW Line, to avoid the -.incon-
veniences of the Severn Navigation; •is in amount what will
fully justify your Committee in recommending -to the Sub--
! scribers to incur the expence necessary for the working and
maintaining the-intended Canal, as the same is laid down in
the Plans and Estimates of Mr. Telford, on his late survey.
Your Committee find,. that, the quantity of coal now ac-
tuelly passing down-the Sevem, to places that would be most
conveniently supplied by the proposed Canal, amounts, upon
.an average taken on tBe last three half years, to 34,060 tons
per annum ; and this, although the river has not been conve-
. nient to navigate more than-front eight to nine months in the,
year ; and your Committee have the best authority to state,
.that had the Severn been navigable as long as artificial
;Canals usually are,-one fourth mare of tonnage would have
been conveyed by the same number of vessels; and when
to this is added: the amount of what is known to have been
supplied from other. sources; for -want of regularity and
convenience in the, present mode of carriage, they .have
no hesitation in .stating that the, existing trade, when pro.;
perly accommodated, would amount -to at least, 50,000 tons
1
.per annum. -

The mercantile goods which now actually pass to and from
the.same points (the owners and carriers of which would gladly
• avail themselves of amore certain line), on an' average of the
tluee last half years; and 22,445 tons per ammin. •
". Your.Committeetonsider that the local trade, for supply.'
in g the coun try bordering on the 31- miles of the proposed Canal,
and for which there has hitherto been au canal conveyance, will
-amount to at least 27,000 tons. The result, therefore, is, that tons of coals, goods; and merchandise, is a trade which
may be considered -ready .to come' upon thei intended Canal,
when the same shall be completed,' ;-
" Taking the above amount of tonnagei it the low rate of
ld. per ton, per mile, or ,2s. 611. per ton for the whole length
of the Canal. your Committee find that it• will.-produce an of 12;370, from. which, deducting 43701. for short ton.'
pages and Management, leaves a- net income resulting from the
trade already in -existence, which will pay the Proprietors 4 per
• cent. on an expenditure of 200,000/. ,
• "The second head of inquiry to which the attention of your
Committee was .directed, refers to what• Would be the probable
increase of the trade, by opening the Gloucester and Berkeley
Canal; by .expeditions and steady communication withthe
Port Of Bristol, by the rapid increase of the town of Cheltenham
and other various sources,' from which an improved trade
might reasonably be expected.
Your Committee have made' many and various inquiries
on these several points ; the result of which being only probable
and prospective, not certain, they are desirous of stating below
what their investigations would fairly warrant.
" They do, hoivever, calculate, that when the cotnmunication
shall -be made so complete, as it will be by this Union, when
boats, can be loaded at Birmingham, and passed to Gloucester
on the second • day ; and this saving of time effected, without
any material increase in the expence of transit, that the present
trade, would be doubled.
• " Your Committee, however, do not here venture to state the
increase to this-extent; but they do. with the greatest confidence
anticipate an increase from the various sources above-stated, to
the amount of 50,000 tons per annum.
From the preceding considerations, added to the effects which
will necessarily result from the uniting of the two before-men-
tioned Canals, and the great facility which will thereby be given
to the transit of all goods from the Western Shores of the King-
dom ; and further, .that in the progress of the, work intended,
very little or n,o vested' interests will be invaded--your Com-
mittee confidently recommend the Subseribers to pursue the
undertaking with promptitude and vigour, both as a legitimate
and safe investment of Capitztl, as highly beneficial to the Com-
merce of the Country generally, and as a work imperiously
called for by the improved state of this part; of the country in
particular. ' • •

GEORGE NICHOLLS, chairman."

Resolved,
1. That the Report now presented and read, be approved
and adopted by-this Meeting.
2: That the number of Shares be increased to 4000..
3. 'That the Resolution of the Ist of January last, limiting
the number of Shares to 50, to, be held by each Subscriber, be
rescinded.
4. That the Provisional Committee be requested to continue
their services, and' to take•such measures as shall appear to
them expedient for the furtherance of the undertaking.
' 5. That the proceedings of this 'Meeting, signed by the
Chairman, be printed and published under the directions of the
Committee. • •
_____

......
• • WILLIAM 'WYNSIE • amyr if,
The Chairinan'having left the Chair, and'the same having
been taken brJ-tlior TunrrEn., Esq.',
. Resolved unanimously,
That the thanks of this Meeting be given to the Chairman,
for. his attention to the Business of the day. ,
: • • JOHN
_TCRNER.:.
Subscriptions reeeiied' by the Ban-kers in the different prin-
cipal Towns, and by Sir James Esdaile and Co. ; Hanbury,
Taylor, and Lloyds; and Spooner, Attwoods, and Co. in
London.
It. and C. 11. BIRD.