be mail communications twice each month with Bermuda,
Nassau, Havannah, Tampico, Vera Cruz, Honduras, Chagres, Panama,
Carthagena, Santa Martha, Laguayra, Rio de Janeiro, Buenos Ayres,
Madeira, and Teneriffe; and all Demerara, Jamaica, and Trinidad will
be able to reply to their letters by the same packet by which they
receive them. The work everywhere will be well done, and every thing
will be regular and certain.
III. (p. 052)
If Steam is employed between Falmouth and Fayal, and in all the West
Indian department, and supposing that all the remainder of the general
plan for the western world is performed by sailing packets, then the
results will be:--
Capital required by new plan this way L335,500
Ditto employed under the present system 392,500
--------
Difference LESS L57,000
--------
Yearly cost by present system L184,000
Ditto by new plan 168,500
--------
Difference LESS L15,500
But to this difference ought to be added the
sum of 6885_l._ saved in coals by using sails,
and the sum of 7600_l._ allowed in new plan
but not taken into account in the present,
for the expense of coal depots, and places
for repairs, 7600_l._ together 14,485
--------
True difference LESS L29,985
IV.--_Income._
Profit on passengers in all quarters (see
Appendix, No. 1.) L132,274
Freights, parcels, packages, fine goods (see do.) 117,440
Ditto specie, 24,000,000 dollars, at 1 per cent.
dollar 4_s._ 2_d._ 51,125
[12]Transport troops, stores, &c. for Government, say 30,705
Saving coals, as before, by use of sails 20,000
--------
Total L351,544
Yearly charges of whole done by Steam L252,850 (p. 053)
[13]10 per cent. yearly to replace capital,
or 50,000
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