The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-10-06 00:00:00

TO CORRESPONDENTS.

Tea SALTBOU •13 As AN EXPORT Docx.—A correspondent, who
suggests the use of this dock for an export dock, in con-
nexhai wit.i the Albert warehouses, is informed that such
has all along been the i terition of the Dock Committee, and
ind ed is the natural mode of employing to the best effect
these two re j doing pr
perties. At the present moment the
Paragon. recent y discharged in the Albert Dock, is loading
at the north-west corner of Sahliouse; and a week ago, we
saw a care" of 3 ft bags of sugar warehouseing in the
Albert warehouses from the Nalthouse. no doubt because the
Importer c upon its deposit there being n.ore con-
venient than in a warrhome in any other locality.
We cannot answer the que-tion put ny " A Subscriber," but he
pay °Mans rhe information in all proSability, at any of the
Insurance effii:es. Had we r ceived his letter a little earlier
we would have made some Ingo ry f r him.
We would advise' G. L. D." immediately toconsulta respectable
attorney. Many of that class would most gladly forward his
views
in Mr. Shm.sori's lette-, in cwr last, the tonnage of the ship
Paragon. discharged at the Albert Dock, was given at 435
tons—which is, in point of fact, the registered amount, but
she will carry a third more than that; and it is no more than
justice to say that Sep tons were discharged in that d ck from
the ship in question, and she was completely cleared in 38
hours.
We cannot comply with the wi-hes of" A Convert." Surely.
there is nothing tit w in c aiming a high preeminence for the
word of God, in the education of the }oung. Luther—even
be ore his mind was entirely free from the errors of Popery—
made tile same claim as is advanced by us now. In the
corpse o an address on Romish superstitions, he says," I am
much atraidthat the up ivers.ties will prove to be the great
gates of bell, unless they diligently labour in explaining the
Holy Scriptures and engraving them in the hearts of youth. I
aiivi.se no one to place his child where the scriptures do not
reign paramount. Every institution in which men are not un.
ceas ngly occupied with the word of God must become cor.
'Apr." These are noble words. and deserve as weighty con-
sideration now as they did three centuries ago, when first
'written.

Eig Eitnrpool &tanbarb.

TUESDAY MORNING, OCT. 6, 1846.

We are quite happy to meet our contemporary,
the A.'bion, again upon the subject of the dock re-
venue of the port. The more such questions are
discussed, the more likely is the truth respecting
them to be elicited, and the community at large to
be put in possession of the facts and figures required
to render them proof against the sneers and mis-
statements with which their ears are continually
being assailed.
We showed in our last, from the published
"general statement" of the accounts of the dock
estate, that the bonded debt had increased up to the
24th June, 1846, by a net sum of £308,198 13s,
The Committee, however, had paid for new works,
to their bankers, and for extra materials on han d
£391,129 7s. Bd., being £32,930 14s. Bd. surplus
paid out of the current receipts of the year. A
simpler mode of stating the case there could not
well be. If a merchant is £2,000 better this year,
after paying all the expenses of his establishment
and his living, that sum is his surplus earnings.
The correctness of the principle the Albion does
not dispute, although he appears to think it is not
abstruse, or " arithmetical" enough, for his tastes.
We give, however, his comment upon it, in which
he finds one error in the detail. He says—

" Nothing can show the necessity of the Dock Corn-
=Wee keeping separate accounts for the expenditure on
their old and new works more than such a statement as
the foregoing. Here we have the cost of the ' river wall
central works' carried off as uspenditure on new works,
whereas it is merely a replacement of the old. The ma-
terial is certainly new, but it is as much a part of the
yearly disbursements of the Dock Estate as clearing out
the mud, and ought to be charged against the annual
revenue. The carrying off to capital account the current
disbursements of the year, is a very convenient way of
snaking a large surplus revenue, but like all such ingenious
plans of mystifying ' facts,' must, sooner or later, come to
an end."

Had the Deck Committee adopted our contem-
porary's plan of " keeping separate accounts for the
expenditure on their old and new works," the
balance, showing the- amount of surplus earnings
carried to the payment of the general expenditure of
the estate, would have stood almost as we have
stated it in our last. The " river wall central works,"
moreover, would certainly have been put down as
'sew works. They are not merely " a replacement
of of l works," but :re works undertaken by the
Dock Committee which, so far from being " as much
yearly disbursements as clewing out the mud,"
have actually to be paid for ultimately by another
body—the Corporation--for the improvement of
whose property (the tobacco warehouse, &c.) they
have been undertaken, at the especial request of the
Corporation. We leave our contemporary to get
rid of this " fact."

The Albion proceeds to give his notion of the
mode in which the surplus revenue of an estate
should he shown :
" Surplus revenue we take to be the balance of the
current receipts over the current expenditure, and the
introduction of items of stock and lyinking accounts only
complicate any statement trom which such surplus is
evolved"—,

and proceeds to draw out a statement after his own
favorite pattern, in which, dismissing " items of
stock and banking accounts," as unworthy of his
consideration,and setting down the £19,478. 17s sd.
paid for " river wall central works " as current and
ordinary expenditure, he reduces the surplus earn-
ings of the estate to the sum of £38,002 Bs. 7d.
This is really a comical way of managing matters ;
and to show its absurdity we must give the pattern
otcount itself—
The Liverpool Dock Trust Account for the year ending

24th Jun

le, 1846.

REVENUE,
By tonnage du-
__

ties - £114,709 15 8
„ duties on goods,
inwards and
outwards 98,714 0 6
„ duties from
lighthouses 8,732 15 2
„ duties from
floating lights 3,775 15 1
„ duties from
graving docks 12,338 4 0
„ duties from
graving docks 2,308 12 6
„ trustees of the
late Duke of
Bridgewater.. 9,181 0 0
~ Harrington
Docks 2,244 4 9
~ rent of premi-
ses, &c 4,957 5 10