1756
Page 17 of 23.
C3: The Scheme page 5.
River Stroudwater Navigable 5
probably pass on this River, has permitted me to say that he concludes, according to this Scheme, these Articles cannot pay less, one Year with another, tan 300l. per Ann.
"The next 2000 Tons include too great a Variety of Articles to be enumerated, therefore cannot be separately distinguished; but, by adding them all together, I think I may safely conjecture that they will amount at least to the Sum reckoned, and may be very probably expected to exceed it.
"The last Article in my Calculation to be taken Notice of is in the Exports, viz. 2000 Tons of Tiles, Stone, Beech-wood, and Charcoal.
"Quantities of Tiles have been sent out of Bisley Parish, by Way of Glocester, and from thence by Water to divers Parts, the Demand for which will certainly be increased when ths River is made Navigable, as these, and other Tile-quars, are situated within Three Miles' Distance from it; and I am informed that the Want of a nearer Water carriage has prevented much larger Quantities from being disposed of.
"Our Hills abound with Quarries of excellent Stone, which is wanted in other Countries to which the Navigation on this River will open a Communication. And, as great Quantities of our Beech-wood is wanted to make Gun-stocks, and for other Purposes, this will be no inconsiderable Article.
"In respect to Charcoal (the last mentioned Particular) many Waggons have by Contract been weekly employed to carry it near 30 Post-miles out of this Country to Bristol; whereas the greatest Part of the Woods are not more than Five, and some only Two or Three, Miles from Wallbridge."-
Upon the whole, I am induced to think that this moderate Tonnage, upon which the foregoing Scheme is calculated, will not only be sufficient to pay Five per Cent, Interest, but will also pay off the Principal in 17 Years after the Work is completed; to shew which the following Scheme for a Sinking-fund hath been concerted, and I think will plainly demonstrate: And, left any Articles in the Calculation of the supposed Annual Income arising from the Tonnage of Goods on the River should be thought to exceed the Bounds of Probability, I have supposed the Income to be only One Thousand Pounds per Annum, which is One Hundred and Seventy-five Pounds per Annum less than appears by the Calculation.
After the Principal is paid, as a very small Tonnage will be sufficient
C 3
