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PROSPECTUS

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PROSPECTUS For the formation of a Steam Boat Company, for communicating with Liverpool, Bristol, i-c., by way of Beaumaris and Tenby. THE utility of vessels impelled by Steam, and the great success that has attended them since their first application in different parts of this kingdom, is well worthy the deliberate attention of all; and it must be admitted that the application of the power of steam to navigable vessels, forms a new and important w- rain commercial communication, and has certainly arrived at a greater perfection than the most san- guine could have expected in so short a space of time. Without enlarging any further on this important sub- ject, it is proposed to call the attention of the inha- bitants of the Western coast of this Principality, but more particularly those resident in, as well as those connected with, this rising Town (as being the centre of operations), to the expediency of establishing, a Steam vessel to communicate from hence to Beau- maris, through the Menai Straits, passing under that gigantic structure, the Suspension Bridge, where it will meet the Liverpool steamers, and thus make our Town and Coast the MARGATE of Liverpool and Manchester* This communication might very well be effected twice a week to Beaumaris, to meet the Liverpool steamer, and once a week to Tenby, to meet the Bristol steamer, under the following ar- rangements To start at 6 A.M. calling at Aberdo- j vey, Towyn, Barmouth, Carnarvon, j lIoNDA YS to Beaumaris, where she would arrive >- SSj that evening at 8 p. M. to meetthe Li- t 115 verpool steamer of thatday,âdistances {"Return to Aberystwith, leaving at TUESDAYS -I the same hour, calling at the same >115 I places, and arriving at the same hour J /-To start at 6 a.m. calling at Cardigan, WEDNES- J to Tenby, where shewould arrive that (inf. DAYS J evening at 6 p.m. to meet the Bristol J Lsteamer of that day,âdistance -J ("Return to Aberystwith, leaving at the j THURSDAYS < same hour, and calling at the same MOO ^places ;âdistance -J FRIDAYS To Beaumaris, the same as Monday. 115 c â f Return to Abervstwith the same as! SATURDAYS -jTuesday ..j-115 SUNDA ys-Rest at Aberystwith. Hence it will be observed, that by this conveyance, this Town and Coast will hold two weekly communi- cations with Liverpool, and one with Bristol: the great importance that would result from such a com- munication must be obvious to all, for it is well known that whenever a direct and expeditious mode of convey- ance, reduced to a certainty as to time, and limited in point of expence, is established (even to one before little frequented),all difficulties disappear, the public instantly evince a disposition to profit by it, and the communication soon acquires a rapid and extensive increase so the certainty to which a vessel impelled by steam may be reduced, may fairly be supposed to have the effect of inducing many families almost to invent motives for making a tour along the Coast of this Principality, which they would otherwise have thought impracticable. It has happened to many, no doubt, to have some- times, embarked in undertakings the final result 01 which has not realized all that the flattering vision s It is very well known that the whole line of Coast border- ing on Lancashire and Cheshire affords no good, convenient, or comfortable Watering Places. of speculation appear to hold forth. This may com monly be attributed to a mistaken calculation of the necessary amount of capital. To guard therefore against such consequences, has been most studiously considered in the present object, so that the error, if any, on this point, will rather be found in not making due provision for the employment of the capital than in limiting its extent. Weare now arrived at that part of the project which from its novelty may appear to some "That the limited communication to our Coast would not find sufficient employment for a steamer;" to those we would an- swer, that there are many assignable causes for the little communication that is carried on with Liverpool and Bristol, owing to the length of time, changing of coaches, tedious mountainous roads, inevitable delays, heavy expences, and numerous other obstacles un- necessary to dwell on all these difficulties present to families and invalids seeking case and repose, obsta- cles too vexatious to be encountered. If, however, there should be any who dissent from the present plan as not holding out sufficient employ- ment for a steamer, let those bear in mind, that it is not many years since the first Margate steamer was launched, and now there are SIX which find con- stant employment; and it may not here be deemed superfluous to state, That Manchester and 40 miles around it contains more population than London and 40 miles around it." Vide Census of 1820. We now come to an estimate of the capital, the expenditure, and the probable receipts of the esta- blishment. The capital to be £8000, to be raised by Shares of not less than £ 50 each, to be called for by such instalments as are found necessary. No one to hold more than 10 shares. The management to be under the direction of a Committee, to sit at stated periods, and five to form a board. One Steam Vessel to be built of 250 tons £ s. d. burthen, to be propelled by 2 Forty Horse Power Engines (80) 3125 0 0 For the Engines, complete 2400 0 0 Coppering- the Vessel 300 0 0 The Outfit (suppose) 700 0 0 Capital in reserve to meet exigencies 1475 0 0 < £ 8000 0 0 The attention of the Subscribers is next called to the description of vessel, and the Engines to be ap- plied to it. That the Steam vessel should be constructed on a principle which combines strength with velocity of motion, must be obvious to all and there is no doubt that to gain the confidence of the public, with regard to the speed and safety both of the vessel and engines, is an object of the first importance; for it is very well known how soon public confidence may be withdrawn, whenever any adequate cause arsises to shake the basis on which it rests nevertheless, any expence as to the interior fitting up with mahogany, or any unnecessary, expensive, or superfluous lavish is to be particularly guarded against. Having given a general statement of the Expendi- ture of the capital, we come next to enter into a de- tail of the Expenses, and afterwards of the probable amount of the Receipts. Profoi-ma Statement of the Steam Vessel's Expences. x S. d. 1 Captain 12 12 0 per Month") 1 Mate -77 0 § = 4 Able Seamen 20 0 0 fj.2 1 Landsman 3 0 0 ⢠3 Boys 6 0 0 V ° 2 1 Engineer 10 10 0 =i &⢠1 Stoker 4 0 0 c .3 X63 9 0 > £ s. d. For Six Calendar Months 380 14 0 Coals for working the Steamer,Two tons per trip, for 26 weeks, 156 trips, at lfis. per ton 234 0 0 Divirlend on XSOOO, amount of Capital to the Shareholders, at 15 per cent. 1200 0 0 Less 20 per cent, on £8000. to be reserved as au accruing sinking Fund for exigencies, or for an eventual enlargement of the esta- blishment jfjoo 0 n For the expence of the management 300 0 0 Leaves to lie divided to the Shareholders by way of Bonus, the sum of 965 6 0 £ 4680 0 0 Pro forma Statement of the S'eam Vessel's Receipts. By 156 trips in 6 months, may be fairly calcu- £ s. d. lated upon 30 passengers eaclitime, at 20s. 4680 0 0 Let it be observed, that in the Statement here given 30 Passengers only have been calculated upon that there is no account taken of any short distances, such as to Barmouth, Cardigan, &c.; nor is there any cal- culation made of the Carriage of any Groceries, Wines, Horses, Carriages, Light Goods or Parcels to and from Liverpool, Bristol, &c. neither is there any back Carriage of Fish, Fruit, Eggs, Live Stock, &c. calcu- lated upon, or, in short, of any employment to which a Steam Vessel of such power and speed may be ap- plied. No source of Profit which might be thought in any degree questionable has been relied on, though there is every reason to presume there will be aeon siderable quantity of Goods which may be taken to supply any imaginary failure in the number of Pas- sengers calculated upon. It is therefore necessary here to dwell a short time on the many and important advantages, both to the Proprietors as well as to the Agricultural and other Interests, which such a prompt mode of conveyance opens to their Resources. It will be observed, that only Six Months employment for the Steamer has been pointed out. It is therefore incumbent upon us to state âthat the Steamer may be employed during the re- mainder Six Months in carrying on with Liverpool a very desirable transport, to Drovers and others, of live Cattle, Pigs, Sheep, Poultry, Eggs, &c. and lastly, though not least, Fish, in 24 hours with pleasure, from this or other Ports on this Coast, or run up the Mersey to Runcorn, and discharge the Live Stock into Canal Boats for Manchester, Birmingham, &c.- she might also occasionally be employed in towing Vessels; and in case of Shipwreck, Distress, or Dan- ger, on our Coasts, it would ensure the power of rescuing much valuable property, and the still more delightful and enviable task of rescuing many of our fellow-creatures from a watery grave All or many of these objects might be accomplished without mate- rially affecting the Expenditure the increase would be in proportion, and of course the balance would be similarly affected. In the consideration of this project, to which much time and pains have been devoted, as well as means employed to be correctly satisfied that the calcula- tions would be sufficient to cover every expence, the detail has been given in general terms as near as pos- sible, leaving the interior of the concern,' as well as every particular item. to the amendment of those gentlemen who may think proper to devote any por- tion of time to its revision or improvement. If the plan be deemed worthy of attention, a meet- ing may be called to carry it into effect, at which Books may be opened to receive the names of those who may desire to form a part of the Company, from which a certain number might be chosen to form a Committee to carry their resolutions into effect. Forward, and forward our course we teer, All danger is pass'd our Port is near We wait not for the changing breeze To waft our li n k on the foaming Seas; We stay not on the Calms or Tide. The Clock directs the hour to guide We toil not at the wearying Oar To speed our way from Shore to Shore; We spread not forth the ample Sail, To woo the coy and fickle gale; Lightly, lightly our good ship flies, And Fire our Sails and Oar supplies We hoist no banner Oil Topmast high, But our dusky penon sweeps the sky I Floating afar, that Streamer dark Proclaims the track of our gallant Bark. Aberystwith, September 1826.

Hatesrt Intelligence.

0rigmai (TmTOptmtrnue.