The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-07-20 00:00:00

S'HAMPTON STATION
Lisbon
1 7th, 17th

ladeira

Malta &lonian Islandl 3rd and 20
Greece and Egypt.... of every
India, Ceylon,& Chula -

CH ARLI

above, be

lower, if

FEARFUL ACCIDEN

Iberia..
Jul

July 31

month. I

-- • -
(1) Brit. Col. in W. I nd.'
(except Honduras & 2nd and 17th Teviot .... Next Mai
Bermuda,) For. Col. of every July 2 due July
in W. Indies, except month.
Havana, Venezuela,
and Madeira

(2) Mexico& Havana . 2nd of every Teviot
(3) Bermuda St. Juan month only. July
de Nicaragua, and 17th of every Severn .... I Next Mail
New Grenada

. I Next Mail
2 due Aug.

FALMOUTH STATION.
Madeira, Brazil, and Evng. of 4th HMPenguin HMB.Expas
Buenos Ayres 'every month July 7 Aug. 26

LIVERPOOL STATION.I
Brit. N. America, Ber- y l th instant. Britannia .. Caledonia..
muda, and U. States I July 4 July 3C

THE GUARDIAN GAS COMPANY

TO THE EDITOR OF THE LIVERPOOL STANDARD.
Szn,—ln the proceedings of the Town Council, at its
adjourned meeting, held on Wednesday, as reported in the
Mercury of the 16th inst., Mr. Lace is stated to have said—
" When there was an intimation that their bill (the bill
of the Guardian Gas Company) would not be allowed, the
Guardian Gas Company proposed that they should receive
£lOO,OOO in the Old Company at par, limiting themselves
to a per tentage of seven-and-x:half per cent., so that they
would have received in perpetuity £2500 a-year, and, in
point of fact, raised the price of gas ;" and he then stated

that that was contrary to the object of the Corporation,
ittle
which was to get the st and cheapest gas for the public
and it was refused b the company. The Guardian Ga;
Company. therefor , so far from seeking to benefit the
public, as a dery r resort asked for £2500 a-year fo
themselves." ,

The committee of this company feel it due to them-
selves to state he facts as they really stand, to enable the
public to judg whether or not Mr. Lace is right in his
statements. ,

Guardian Gas Company

hould have their bill, wit
seven and a-half ve

Ist. Thfit each Compar
power to raise £lOO,OOO each, at
cent.

2nd. As an alternative, that the capital to be raised, of
200,000, should be divided between the Dale-street

Company and the Guardian Gas Company, the maximum
interest on the new capital to be seven and a-half pea

cent. The maximum price, when the consumption
arrived at 250,000,000 feet, to be 4s. ; and when it arrived
at 300,000,000 feet, the maximum price to be 3s. Bd. •
two of the Guardian directors to have seats at the board
of directors of the existing Dale-street Company.
It must be kept in view that these propositions were
made after the leaning of the Parliamentary committee to-
wards the Dale-street Company had been sufficiently as-
certained, and that the object in making them was to se-
cure both to the shareholders in the Guardian Gas Com-
pany and to the public of Liverpool the advantages which
would have accrued to them had the bill of this company
passed. _

The results to the shareholders of this company and to
the public, had the company succeeded in obtaining their
bills on the terms originally designed, but which the Cor-
poration were instrumental in preventing, would have been
as follows :

The Guardian Gas Company went for a capital
of £lOO,OOO, giving a dividend of seven-2ml
half per cent, or equal to -
Also for power to borrow .1
say at five per cent., or giving

£33,000, to be raised
• • total of inter-

The gas to be sold at a price not exceeding 3
1,000 cubic feet.

£9,150
Bd. per

But finding it impossible, from the power brought
against them, to carry their bill in its entirety, the com-
mittee of this company then made the propositions which
I have already referred to ; but it will be observed that
the same maximum, both in dividend and in price of gas,
as fixed in their own bill, is preserved, while it must be
remembered that the high maximum price of 4s. 6d. is
maintained by the Dale-street Company, with the con-
sent of the Corporation. Had either of the propositions
of the Guardian Gas Company been acceded to, the pub-
lic would have had gas at a maximum price of 3s. Bd.
instead of 4s. 6d., which, after all, is the only point of
irnnrn4anin, in ♦llia 'men ors .41;,-.1. _

„,„.,,,, Laic puullt; care auoub.
How, therefore, can it he true that the propositions so
made by the Guardian Gas Company were adverse to the
objects of the Corporation in securing ” the best and
cheapest gas for the public," and how can it be made to
appear that the Corporation did carry out that object,
when it was solely through their influence that a price of
4s. Gd. has been fixed against the price of 3s. Bd. ?
Let me show the result of the labours of the Corporation
for the public in this matter :
The Dale-street Company has got power to raise
a capital of £200,000, which they can do, say at
5 per cent., or equal to
The Guardian Gas Company's total outgoings in
name of dividend or interest, would, as shown

£10,006

Giving a difference against the public, by the
Dale-street Company's bill, on interest alone,
of, per annum, .
With a maximum price of 4s. 6d. to the bargain, or equal
to a sum of about .£15,000 per annum against the public
even on the present consumption.
These are the advantages, such as they are, which have
resulted from the part taken by the Corporation ; and
the public will judge whether the Corporation have os Or
carried out their professed object of securing " the best
and cheapest gas. I need only refer to the knoll. or
" " _

ne chairman of the Parliamentary committee, when he
told the counsel for the Corporation that he was " the
arbiter of the fate of both," to show that the Corporation
had it in their - • --- ~ne. -

,4244 JUL
object which Mr.a Lace states they had so much at heart ;
but not one word was uttered by either Mr. Lace or the
counsel in favour of " the best and cheapest gas" on that
occasion ; no, but on the contrary, the Corporation,
through their counsel, Mr. Lace being then present,. and
specially assenting, declared " they did not desire to go
any further" than the maximum price of 4s. 6d., proposed
by the Dale-street Company.

The committee of this company deem it due to them-
selves and to the" object" they had in view, to offer this
reply to Mr. Lace's statements, that the public may have
the means of judging between the Corporation and the
Guardian Gas Company, and deciding which have done

I am, sir, yours, obediently,
J. M. MACDONALD, Secretary

—On Thursday wed

as Mr