Star.
London, England, 1825-08-02 00:00:00

The sources of a revenue,.proportioned to. this expenditure, esta-
blished by the evidence of competent and respectable witnesses, were
arranged under the folloning heads : •
st. The supply of coots co the Whole extent of • '
country bordering upon the Canal, and for a
ennsidtrable diatanee on each side of it, in-
eluding the towns of Honiton, Taunton,
ll-
minster,. Axminster. Chard, Crewkerne,
Cnlyton, Laogporr, Bridgeivaiff, and
others, taken only at one half of the eititnatr,
•
at 45,000 tons, and greeeribisitdothergosds
at 15,000 tons 60,000
24. The like supply of coals to the sciuthetn
parts'of &gimlet taken at one-half only of a
reduced estimate . . ' . 500,000
3d. Tonnage. of limestone for paving, Ste. 30,000
4th. Tonnage of ships trading between Magna
pot ts, passing through the Canal. taken at One
half of the tonnage of 'toilets at *heed' nevi-
gating round the Land's•Rnd, as appeding by
Returnsrnide to Parliament for the poipose
of this calculatioit . . 205,337
.sth. Tonnage of foreign vessels using the-Canal,
taken at two-thirds of the amount ascertained
by the like returns . . . , . 127,868
6th. Tonnage of British vessels trading to fo-
reign ports, taken at one halfihe quantity,
ascertained by like returns . 69,010
7th. Tonnage of vessels trading from Ireland to
British and foreign *ports, taken at one-(bird
of the quantity, ascertained by like returns 13,318

Total Tonnage 'l,O 9.5,511
At a charge of Id. per ton per mile on an ave-
rage, the above tonnage will produee, for the
whole 44 mites of nal, a gross revenue of .0200,e46 It 4
Add a tonnage rate, to be levied on alt vessels
taking refuge in, or using the proposed Isar.
bour, and also on vessels proceeding along
the Canal, to Bridgewater and the river Pi&
set. The amount annually from these sources
may, on an average of years, be taken at . 10,000 0 0

Clear annual income ari►ing from the Canal
and Harbours, and applicable to a dividend
among the Proprietors, of about 12 per cent. 310,846 12 3
N.B. The expenses of management, repairs, and every other
contingency, will be provided for by the tonhage arising on•the in.
ternal traffic on the CanaL

In the above calculation no allowance is made fur 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 on coal brought from Wales to London ; the
Stone Coal and Culm are, however, already used there, and on the
east coast of England ; and there is every reason to expect that the
common Welch Coal will find its way to the London market, when
a safe and regular mode of transit shall be secured.

The consequent increase of trade and manufacture in the fine
and populous conntry through which the Canal will pass, presents
a prospect of additional revenue to a very considerable extent ;
and in the great Northern Canals, which have proved so immensely
productive, that Increase has been the great source of profit. It
should here be noticed, that a recent negotiation win allow the
Corporation, at a very moderate expense, io make a branch Ship
Canal to the populous and wealthy town of Taunton, and that a
junction with the Grand Western Canal will, by the same means,
be effected.

It should also be noticed, that although in the event of a war, the
transit through the Canal will be very materially augmented, the
additional income to be derived from that event has not been taken
into coniideration in the above estimates.

The Committee, therefore, conceive that this undertaking cannot
be 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-
mise of an income increasing with the advance of national prosperity.
The capital of X 1,750,000 is directed in the Act to be raised. by
Shares of :€lOO each. No Shareholder will be liable beyond his
Shares, and his liability to future calls, in respect of such Shares,
will cease immediately on a transfer; the Act directs, that two
months at the least shaft intervene between each Call, and that no
Call shaU exceed Five per Cent.

A General Meeting of the Subscribers wiU take lace pn the
ißth of August, to elect Directors, and make the necessary ar-
rangements for the commencement of the work ; and the Com-
mittee re/rest that all communications, in the interval, may be ad-
dressed to Messrs. King and Lukin, 5, Grey's luu-square; and
.4r. Ciatke, Chard, Somerset.