Proposed Ship Canal From ...
The Times, 1824-06-24T00:00:00

I AflrthrTIrSEhNT.1 At a numerous and reslectable .lcecting of l,andowners, ler4 chalts, Bankers, and othens, held the 9th day of June, 1824, at the London Tavern, Bishopsgate-street; Sir T. B. Lethbridge, Bart., Al. P., in the chair: Resolved unanimously, Titat it is the opinion of this meeting that a junction of the English and Bristol Channels, bymeans of a ship- canal, will be ofcssentialadvantage to the commercial interests of thie country,-and at the same time promises an ample remunferaon for the expense of its execution. That the-capital of the company be for the present limited to one million, and the same be divided into shares of 001. eacb. That a subscription be now entered into, and that books be after- wards left at the banking-house of Allessrs. Bosanquet and Co., lombardstreet,for the purpose of recciving future subscriptiens, ian! that a deposit of 11. be paid upon each shale at thetime of saub- That the subscription.book be headed as mfolows, viz_.' We whose names are hlereunto subscribed authorise the applicition of the several sums subscribed by us in defraying the expeases &lread4y incurred and to be irncurred in the surveys, plans, engineering ests. mates, and other charges necessarv fbr preparing to apply to arlha- ment for an act for making a shjo-canal from the English to the Bristol Channel, and the further expenses to be incurred in such plication to Parliament; and that in case we shall dedine to ta C the shares set Opposite to our respective names, the residue of the de- posit now paid by us saall be forfeited to the company.'" That whenever 1,00Q shares shall be subscribed for, Mr. Telford be employed to survcy, and report his OpiS4iOn upon the best line and probable expense of a ship.canal from the Bristol to the English Channel at Season-bay, capable of navigating Tees,es of alldescrip. tions, of 120 tons, and of 200 tens burden, reister measurement. That be a committee, witlh power to add to their numbers fromrF sub- scribers of five shares and upwards, for the purpose of discharging expenses already incurred and to be incurred, and of super ntentling the survey, and defraving the expenses thereof out of the raOrk* subscribed, and that three be a quorum. That when the survey shall be complete, and Mr; Telford's re- port delivered, the committee now appointed do caU a general meet- ingof the subscribers, in order that the samne may be considered, and that such general meeting nay then adopt such ulterior mea- sures.as =ay then appear proper. That the books do remain open till the 30th day of June instant. That the resolutions of this day be inserted in such newspapers, in town and country, as the commrittee shall think fit. THOS. B. LETHBRIDGE, Chairmani Resolved unanimously, That the thanks of this meeting be given. to Sir Thomas B. Lethbridge, for his able and impartial conduct in the chair. At a meeting of vhe committee held at the Crown and Anchor Tavern, on Saturday, the 12th of June inst., the following state- ment was apreed to be publislhed:- The comii&ittee beg to submit, for the information of the public, a short statement founded upon the best data which they have been able to collect from the most authentic sources of information, for the purpose of exhibiting the probable retutrns to the proprietors, upon the execution of the canal, and which will clearly demonstrate that a most a.mple remuneration cannot fait to result to those who embark their capital in the undertaking. The length of the canal, according to the plan laid down by the late 1lr. Rennie, was 41 miles, asd it is not probable that any variation of the line, itt con- sequence of the survey abouit to be made by 3Ur. Teltbrd, can rnake a material alteration in that respect. 'I'akinz, also, Mlr. Rennie's es- timate as a basis, and adverting to the difference of pricei, and ts the proposal to substitute a canal for ships of 200 tons, instead of 120 tons, as formerly suggested, the expense of the execution of the canal is estimated at about 1,200,0001. Upon a calculation which the committee believe to be not onlr fully adequate to meet the exi- gencies, but to be mnade upon a liberal stae, the charge of wear and tear, revairs. management, antl other incidents, when the canal shall be complete, are taken at 1,0001. per mle~ per annum, making an an- anal expenditure of about 4-2,0001. From local and other informatitn collected at various times and at several periods, and particularly when a boat-canal was in agita- tion in the year 1822, the Committeeareof opinion that this amount would be more than urovided for bv the tonnage upon lime, lime- stone, calm, stone, bricks, tiles, and general merchandise for the in- temal trade, which will be caried on by means of the canal. 'The annual expenditure being thus provided for, there will remain for the benefit o' the subscribers the amount founde6l upon thefollowing estimate:- From returns made to the House of Commons in the present ses- sion, upon the motion of Sir T. B3. Lethbritlge, it appears that the amount of tonnage which passed round the Land's End in 1823 was 1,030,430 tons; of which it further appears, that had the canal existed, 564,000 tons would almost of necessity have passed through-the ca- nal, and pro'ably great part of the residue, from interesti conve- nience, or other causes. From local and other information, coUected in the southern parts of England, it appears that there was R consumption of coals in 1811 amourlting to 1.400,000 tons per annumll, which has since consider- ably increased, but ot which the committee are satisfied withasssm- ing that only 500,000 tons wiiU pass the canal. Besides these, the tonnage upon copper, iron, and sundties, not otherwise included, may be taken, on a moderate scale, at 100,000 tons. From these sources a tonnage of 1,154,M00-tons will-use the canal, which, at Id. per ton per mile, upon the average, would produce an. annual revenue of 201,950L anpllcable to a dividend among tbe pro- prietors, and amounting to above 16A per cemt. The charge of ld. per ton per fifle would fall so short of the ex- pendituire necessary in navigating round the Land's End,as to make it a matter of certainty that the canal would be preferred. In these remarks, the Committee contemplate that the countryis in a stute of peace; but it is obvious that should war at any time take place, the traffic upon the canal would be increased in a very consi- derable degree. A prospectus, and furtber particulars, may be had at the bankers' and the several share and canal-brokers' offices, in the city; o Dlessrs. King and Lukin, solicitors, 5, Gray's..inn.square; and of MIr. Clarke. solicitor. Chard. SomerseG [Advertisement.1-THE UNION HAIR BRsus}r.-ThiS most useful invention, which entirely supersedes the useof thesmall- tooth Comb, and most efrectuaaUy cleanses the hair, as well as pro- ducing an agreeable and salutary sensation to the head, is to be ob- tained of the inventors, Ross and SoNs, No. 119, Bishopsgate_ street. The disagreeable eff'ects occasioned by the small.tooth comb, which destroys the texture of the sldn, and causes an increase or dandrifF, is entircly obviated by thle use of this Brush, which not onlv clears away the existing scurf, but by strengthening the roots of the hair, renders it less likely to accumulate in future. As seve- ral imitations have appeared, observe that the words " Ross and Sons' invention" are stamped on each, with " Union" on the back, or they are spurious imitations, and will not have the desired effect, being generally of a most inferior description. PROPOSBD SHIP CAi%rHL FROM TIHE ENGLISH'. TO TIIE BRISTOL CHANNEL. .