Proposed Ship Canal From ...
The Times, 1824-06-15T00:00:00

I At.a numerous and respectable iMecring of Landowners, Ner. slants, Bankers, and others, hield the Oth day of Junie, 1824. at the Lodon Tuem, Bishopsgate-street; Sir T. B. Lethbridge, Bart., .fl.P., in the chuart Resolvead unnrimousIv, Thltj,t bisthe opinion of thismeetingethat a juncticsn oFthe Englisfi and Bristol Channels, by means of a ship.' canal4 will be oftessential fdvtantae to the commercial interests of the country, and at. the samie time promises an amlple remnutnesti.on for the exp'esc of its execution. t That the capital of the company hee fir'tli present limited to one mrillion, and thel same be diviled ito shares of 1001. each.i That a subseriptio0 be now entercd jntbc_and that books be after- wars left at the bankingd-house of Messr Biosanquetpand Co., Lomn- b deporeeo, for the f a eof rceiina g future stbscriptionls, and that a dsepo~t : . be;p.al( upoeabe of siaie at the time of subascribing That the subs.eiption.bek - be headNeP I a folloo H.,_-vz "WEs whose names are hereunto subscaribedL auRharize the application of the several sums subscribea by us ia defrayinsf the expenses already ian-ured and to he incuirred in the surveys, pI ar, engineeringr eset. mates, andI othier charges pecessary for preparing to applyv to Parlia- meht for an act fr mTaking a ship-canal from tke Engish to the 13ristolChbnnel, ad Tythe furtlerc xpensestobeincurredinsuchap. plication to Patlaamentt and that in case we shall decline to take 'the shaves set op,nsite to our respective names, the residue of the t,aositrtO p3Lh by us haba be forfeited to the Company."' e hatf ev 1,00 shares shall be subcribed for, Aic. Telford yetdg 0nuto survd , anid-reprtb iopinion uponthehentline and p ile ex ee of a bhip-canal from the Bristol to the English khannelntbeaton.rbay, capable of navigat ng Yessels of al1 descrpo n P ,2 tons, and of 20o tons burden, regtister measurement. Tm t Sir T. B. Lethbzidze,Bart., M.P. o r t s Willba nineg, sq. Sir Chrienopher Cole, Bart., tIa.P. Richa uleron, Esq. Captain Bastard, NP. Samuel Bosanquet, Esq. Chatherle s of. Tynte,iEsq.. Na.b . Robert Col.ner, esq, n 1 countrg, Lewis, thes P. John Lee anningf,Esq. _ ohn Ben f Esq., ?. B. George Elwell, Esq. TheVeryRev unn thy 'Dean of York- Jon tBurridge, Esq. David Pollcit, Esq.INIr. George Blrowne trevhos. Br. Palmetbri , for hisMablc andr. George Redmaui : a comiteeit O e ad to theirnumbers from subscribers of fioe sharnt upwar, the purpose of n ischaliaging exPenses hIrceay Cicree and to hein,cudr h fse perintending thepub- 3shr, and defay nd thepaethereofout of the moniessubscribede EanD C liat throu be a quoraum. That wr er the survey shall be complete and lmr Telford's report tielivzred, she committee-now appointed Wo CaU a'general meeting the exbscribers,on orderthat the an, same siay he considered, and bat c generample remuneeation cay ennadopt such ulterior measures es mbark the-i cappear i proer.dran.TeIngi ftecnl Tatd theboos dc remniain dopn tbyl the I0h day of June instants. hatcs,and the rsnolutis prof this any beveritin such lnewalapes, in THOS. D. LETHBRIDGE. Chairman. Resovesl untani s that the thIinks of this meeting be given to Sir Thos. B.Lthrde for his able and impartial conduct in tire Chair. At a baeeting of the Committee held at the Crown and Anchor Tavern, on Saturday, the 12th of.june inst., the following state- mient was agreed to be published:... The Committee beg to submiit, for the information of the puble,' a short statement founlded upon the best c lata which they have been male tonolect frob i the nost autlentic sources of informatione for the purpose of exhibiting the probable returns to tIre proprietors, iipon the execution of the canal, and whichl wil clearly demonstrate that a maost ample remuneration cannot fail to result to those who embark their capital in the uhdertaking. The hength of the canal, aoeording to the plan laid down by the late Mr. Rennie, was 41 _roimlcs, and it is not probable that any variation of the line, in condse quence of the survey about to be miade bY Mir. Telford. car make a tmaterial adterauion in that respect. Tak-ing also.Mr. IRennie's es- limate as a basis, and advertiug to the difference of lrices, and to m ppe p sar to substitute a canai for ships of 200 tons, instead of 1 to s formerly suggst ed, the expense of the executiom Of tle ctoi iuestimated at about 1,200,000],, ti upon a calculation which the Committee believe to be not only f muY adequate to meet the exi- encies, but to be made upon aliberal stalenThe chargfs of wear and. tear, repairs, management, and otier incidents, when the cpanal siall be complete, ar taken at 1,0001. Per mile Per annum, making a3a .aanl exv -n-itureof a nbout42,000. p rom loccal and other information collected at various times, and "St se-er-al eriods, and particularly when a boat canal was in agita1 abiy in tre year 1822, the Committee are ofopinion that this amount would he more than provided for by the tonnage upoBe lime, lime- stoan, calm, atone, bricks, tile2and general merchandise for the -in- csmal trade, which will be carried on by means of tile canal. The :nual expenditure being thus providedl for, there will remain for n. e benefit of the2subscribers the amoant foanded upon the following cstimate:... Fr= rezurns made to the House of Commons in the present ses- Thi, upoa the motion of Sir T. Be. Lethbridge, it appears that the nduinre r of tonnave whigh passed round the Land's End in 12 was ma ,e,430 tons; of whicritfirther appears,ttat had the canal existed, o.34,OOG tons would almost of necessity have passed through the ea- Lzas, and probably great part of the residue, froim interest, conveni- *cnce, orother causes. From local ank other information, conlected in the southern parts -,af iegland, it appears that there was ta consumption of coals in 1811 aTounthng to 1,400,0o tons per annum, which bas since consiler- -ably incrised, but of which the Committee are satisfied with assum- ing that only S00,000 tons will pass the canal. Besides these, the xmnnageunoii copper; ironi, and sundrie- not otherwise. included, mav be taken,or, a moderate scale, at I0&000 tons. FrcnuthessourceeA tonnage of 1,154,000 tonswouldause the canal, which, at Id. per ton per mile, upon the average, would produce an ancral revenue of 201,950L, applicable to a dividend amnong the pro- jpretors and a mountinig to above l0.i per cent. 'The charge of Id. per ton pcr milue would fall so short of thle ex- -p-rsditure niecesary in navigating round the liand's End, as to maake It a sisatter of certainty that the canal would, be preferred. In thesexemnarks,the Committee contemiplate that t'he couintry is in a state of peace - but -it is obvious that should wair at any time take Place, the trafic~ upon t he canal -would be increased in a very con- aidermble degree. ____ S!P C-.4iV4. 47, FiW6;-7'fl'E MLISH TO Ti! I', BRISTOL CINR.