Star.
London, England, 1825-08-01 00:00:00

nit(
Cornwall _ frequently
c;:ped the. notice of the public generally.
. These circumstances bring kept in view, a slight glance at the
map *ill suffice in demonstrate• to any one, the great obstructions
which must consequently arise to all velittls leading from ports
westward and northward of the Land's end, to ports southward and
eastward of it; and that these obstructions must most especially
yresent themselves to the increasing trade in the southern counties
of Wales, will also be readily perceived. • "
To remove these evils, and.ta open a speedy and safe communi-
cation at all seasons fur vessels trading from London and•the ports
In the eastern aid• adutbern coasts of England, to the parts of Ire-
land and to the western ports of England, Including Liverpool and
Bristol, and to the coasts of South Wales, are the main objects of
the proposed-Ship Ganal. . . . •
The Canal will extend finitt beer Or Seaton .Bay in the English
Channel; In*Seniford or Bridgewitei clay in the Zristol Channel.;
it will be 44 miles long, 90 feet wide, and 15 feet deep, and dtay
be naeloied biviesels of 206 tbni border, tegteter-inosiuretnent,
when fully loaded. .
• At the two eatrentiiies -harbours- will' rOnsiritited,' and,. as
will he seen. by the evidence, these harbour:, wilt not • only secure
to' vessels using the exalt saficid commodious entrances' to it, but
will be of great service to "the Shipping Interest generally,- as
Jsyluni harbours, and will also prevent an initliense loss'of Agra
and property. The proposed harbour at Bter will, in time of war,
be of inealculaWadvantage in preventing c•apierei-by the enemy's
cruisers. _
'he total expense 01 Alining; the Canal aitd Irasiooinr.r and-of
amply providing 'tor sivety.contingeney incident to such a work, is
estimated by Aar. Telford €1,7411,844, and front. his eViaillies
Zi' bid), it appear}}athat lie liaa-alioVied for each distinct part o(the
work taunt it tyltich.#k can iiinnedlately find parties willing, to
contract. for It. :3
.. ;. „
'tin; sources of a reyielleaweportieetULto ibis exprndinnit,ol6.
*irked by the evidence ctf cotnywtent and teepeetablewitneurs, *ere
arranged tinder the following heads • •
Ist: The sopply.of coals to the-whol extent of
• •cotintsy-borsiering arm the. Canal, and for a
considerable distanos'em rued aide of it, 111•'.
frig the 'towns of Heiltonl- Tauntorselisimt 4.srif-810174.1
ntinwes, ate sinter, !anoseggoggstfi att—l• Misi*PP
Veovil; Colyten, Lansport,litldsekvitur,asid • •
alters, taken only at one half or dm:estimate,
at 45,000 tons, and grotetios and other goods
at 15,090 [OM
std.. The like supply-of coals to the southern
parts of England, taken.at one-half only of a
reduced estimate .
ronnageofllmentone fbr tic. •
4th. Tonnage of ships trading bet Wren English •
lions, passing through the Canal, taken at one
half of the tonnage-ofvessels at present nivi-

Tons.

60,000

30000
30,000

gating round the Land's .End, as appearing by
Returns made to Parliament for the purpose
. of this calculation .
dth. Tonnage of foreign vessels using the Canal,
• taken at two-thirds of the atuoubt ascertained
. by the like returns .
6th. Tonnage of ,lititish vessels trading to to-
t reign ports, askant at *one half the quantity,
. .

205,537

127,866

- .
. ascertained by hire returns .
7th. Tonnage of •easels trading from Ireland to
• Btiti'h WWI foreign PPM, taken at one-third
of the quoutity, asustaitied by like returns

69,010

Total 'fonnage 1,095,527
. .
Ant charge of ld. per ton per mile on an aye.
rage, the above tonnage will produce; for the
whole 44 miles of Canal, a gross revenue of
Aild tonnage rate, to be levied on all vessels
taking refuge in, pr assisg.tbe proposed her-
, baurond also an inessels proceeding along
the Canal, to Bridgewater and the river Par-
• set. The amount annually from these sources

X 200,846 12 4

• way, en as average 4f years; be takvu at .

10,000 0 0

Clear anneal income arising from the Canal
, and.,llarboora, and applicable to a.dividend
among the Proprietors, of about 12 per cent. 210,846 12 3
'N.B.-the 'expense* of management, repairs, and every other
canting= De provided fur by the todnage arishlg on the in-
-on 'the Canal.

In ties above calculation no-allowance is made for the vast hi-
Create of trade which is annually taking place in South Wales, and
to Which this undertalslog.will most essentially contribute; nor is
any t4rinage reckoned on coal brought front Wales to 'London : the
Stone Coal and Culm are, howevux, already used there, and on the
.past toist of England ; and than is every reason to expect that the
common Welch Coal will find its way to the London market, when
a safe and regular wed:: of transit shall be secured.
The consequent increase of trade ana manufacture in the Ane
and populous country through which the Canal Will pass, presents
a prospect of additional revenue to a very cnusiderable extent ;
and. in the great Nurchern Canais,,which have proved so immensely
th.if inCrcase lsi been the great source of prOlit. It
Ao.uld here be noticed, :LA a recent- negotiation will allow the
Coiporation, at a very moderate expense, to make a branch Ship
C:onal to the- populOus and wealthy town df Tanntnn, and that a
function with the Grand Western Canal will, by the same means,
be itrected.

It Ittott!d also be mac:A, that although In the event of a war, the
tracsi through the Canal will he very materially augmented, the
:td Wit:al:lncome tti'be derived from that evint.bas not been taken
hito consideration hi the above estimates.

- ------------ -
The Committee, therefore, conceive that this Aladin? king 'cannot
be considered of a delusive or even of a doubtful and hattaidous
character, but a mcisuro affordintto the Stibactilsin e.very. reason-
at le. assurance of,fitt,Anlpie-pritsettg prat,..spdt4 additionakpro-
raise of an income -crmalog with; the advaitOCTo( Dititin4PioTeritY!
Tba capital•of 41456,0.00 is directed is Act to be raked. by
*hares ,ClOO each. No Shareholder will beliable.beyond his
k:haror, and his liability to futures- caUU, in respect of such SJlares,
ceaseimmediattly. on a tranafer ; the Act dhow, that two
raosths at the least shall iniervene.,betwenn cash ca, and that nu
Call s)aall exceed Five per,Cent. .
A Generals Meeting of the- Subscribers will A-aliu place on the
istk of August, to, •elect *Directors, and make theltecessaty ar.
ts r. ngemen for the. commencement of the work ; and the C.s.n-
n.ittee relibeit that all commoriicutions, the intorvalostay he-e d-
dressed to Messrs. King imd Lukiii; 5, GrAy's krt!
.1%4. Clarke, Cizatd, Sunierset.