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SWANSEA HARBOUR TRUST. The monthly meeting of the Swansea Harbour Trustees was held on Monday, when there were present:—Mr. F. A. Yeo (chairman), Messrs. E. M. Biohards, F. Price, J. Rogers (mayor), J. Clarke Richardson, T. Davies. J. Jones Jenkina, C. Bath, W. H. Francis, and G. B. Strick. Mr. T. Davies moved "That the minutes of the finance committee be received and adopted, and that the common seal of the trust be affixed to mortgages for .£2,410 to replaoo debentures paid of, and jEl.080 on account of new works." The revenue of the harbour trust, he said, was keeping up well, notwithstanding the various drawbacks of the past winter, and he understood that there was also sufficient mor.ey put away every month to n eet the demands of debentures falling dne. Yet one would expect that with such a large revenue, such as the trustees possessed, there might possibly be a larger surplus. There was a smill surplus on the last month on the general harbour estate, and as usual, a deficit on the working of the South Dock, but he understood that the South Dock gates, whioh were repaired in February, had cost .£1,100. Then there was a question relative to the large amount paid monthly for dredging, and he had been told by those who understood the matter that a great deal of this expenditure was caused by the silt from Fabian's Bay. If a wall or embankment conld be at onoe oomraenced it would increase the scouring power of the river to clear away the silt to a great extent. Whatever depth of water they had obtained at the entrance to the docks, it was epoiled by the continual siltii-g going on in the channel, but if the ohannel were made Barrower it would inorease the acour- ii g power of the river, and, in his opinion, and in the opinion of those who knew better than he did, this would keep the depth of water which had already been obtained. Much as he disapproved of the embankment, he would rather have it oom- menced at once than see the harbour silted up. There was a deficit of JC800 oooaaioned by the reduction of the rates, but he waa confident that this was only temporary. When the reduction had become better known he had no doubt that instead of a deficit in this respect there would be a surplus. Vessels would oome to Swansea now which would not come if the old rates were in force. It was an experiment, and aa an experiment the trustees were feeling that they 1 ?t by it. He hoped that the members of the trust would, if they intended to have a dock on the other side of the river, take steps at onee to commence the embankment, in order to benefit the trade of the port generally by keeping a sufficient depth of water. It would save the interest on the money borrowed, and the cost would be more than paid by the decrease which would take place in dredging. Mr. C. PATH seconded the motion, and the minutes were then adopted. The report of the executive committee was read, showing that the agreement with Mr. Dickson had been completed, and he commenced his con- tract on the 1st of March. A letter had been received from the town-clerk in reference to the toll bridge. The committee had considered the Briton Ferry and Swansea Tramways Bill, and had consented to it provided certain clauses were inserted to protect the interests of the trustees, but it appeared that the new clauses were too late for insertion in the Bill, and that portion of it which referred to the connection of the tramway with the railway of the trustees was struok out. The Chairman said it was satisfactory to know that the agreement with Mr. Diokson in referenoe to the ballast contract had been completed. With regard to the toll-bridge the trust oould do nothing but meet a committee of the corporation upon tbe matter, but he doubted whether any satisfactory arrangement could be come to. The trustees were not justified in making auy great sacrifice at present, but if the corporation oould suggest any means by whioh the toll oould be re- moved without a great loss to the trust he thought something might be done in the matter. The trustees were not in a position to throw away £ 3,000 or .84,000 a year. He explained that the olauses which the oommittee proposed should be inserted in the Briton Ferry and Swansea Tram. ways Bill were sent too late, but it waa the fault of the promoters, who delayed the question until the last day. The portion which referred to the jnnction between the tramway aad the harbour trust railway now stood over for'another year. He moved that the report be adopted. Mr. fcTRiCK seconded. The Mayob wished to know whether the in- terest of the trust was sufficiently protected aa regarded the ground to be mace by Mr. Diokson. The trust was to pay him .81,800 for the construc- tion of a sea-wall to protect the ground. A ilea wall could be made for .81,800. but the question was how long would it last ? If the trust had to keep it in repair it might oost them i £ L,800 every year. If they did not get an absolute release as far as the wall was ooncerned, it was a bad barpain. and he did not think the truat would be justified in finally completing the agreement. Mr. JAMES (clerk) stated that the agreement had been finally concluded with Mr. Dickson. The ChaikjIan said he did not like to stop the Major, but he hardly thought the question brought forward by him could be discussed. It was decided last month that the contraofc should be completed. lhe May ok said that he did not like that the trustees should enter into an agreement with Mr. Dickson which would end in a disappointment, unless they were protected by having a certain vefo over the wall which Mr. Dickson would build. Mr. J. JONES Jenkins said the wall would have to be built to the satisfaction of the engineer to the trust. The CHAIRMAN remarked that no one but Mr. Dickson himself oould be more desirous of ereot- ing a good wall. Mr. E. M. Eichards said he hoped that the remarks of the mayor would not lead the pnblio to believe that the trustees were entering into any new obligation with Mr. Diokson. The obli- gation which they had now discharged; had been imposed upon them under a statute aeven years ago. The Mator said his remarks would not be taken in that way. The minutes cf the executive committee were then adopted without further discussion, The Chairman announced that the telegraphic station at the Mumbles Head would be opened on the 15th of this month, and would be oalled the Swansea Bay Station. This concluded the business.