Notice entitled ‘Canal from Stockton by Darlington Westwards’

Made:
1814
part of archive:
Leonard Raisbeck Archive

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The notice contains many additions and excisions, announces ‘The Committee appointed for promoting the above measure are now enabled to submit the Estimates directed to be obtained from Mr. Rennie to the consideration of the Public’. The notice then lays out the estimated costs associated with a canal, followed by those of a ‘single Iron Railway with four passing places in each mile’. The railway is shown to be considerably cheaper, to the tune of roughly £35,000 for the main section between Stockton and Darlington. However, the notice continues, ‘it is to be observed that the Tonnage to be conveyed will [increase] so considerably as to require a double Railway which Mr. Rennie is of opinion will cost as much as a canal & it has therefore been determined to prefer the latter’. Details are then given of projected yields, although some of the figures have been left out. The notice further declares, ‘capital is proposed to be raised by transferable shares of £100 each to be deemed personal property & to be paid by such instalments as the progress of the work may render necessary’. This is a hugely significant document, showing the committee’s preference for a canal, at the recommendation of John Rennie, after his surveys had been completed.

Details

Extent:
1 item
Identifier:
RAIS/3/3/14
Transcription:
Canal
From Stockton by Darlington
Westwards

The Committee appointed for prosecuting the above measure are now enabled to submit the Estimates directed to be obtained from Mr Rennie to the Consideration of the Public.
From these it will appear that the expense of a Canal in the line recommended by Mess’rs Bunley & Whitworth is (which Mr Rennie considers peculiarly eligible & for which there will be an ample supply of water) will be as follows –

[Page 2]

From Stockton to Darlington 95600. 0. 0

From Darlington to Winston Bridge 83978. 0. 0

A branch to Yarm 8256. 0. 0

A Branch to Croft Bridge 10016. 0. 0

A Branch to Piercebridge 7768. 0. 0

And that the expense of a single Iron railway with four passing places in each mile will be as follows –

From Stockton to Darlington 59002. 0. 0

From Darlington to Winston 115860. 0. 0

A branch to Yarm 7425. 0. 0

A branch to Croft Bridge 9100. 0. 0

A branch to Piercebridge 5000. 0. 0

But it is to be observed that the Tonnage to be conveyed will [illegible] considerably as to require a double railway which Mr Rennie is of opinion will cost as much as a Canal.

[Page 3]

So that from these [illegible] alone (which they considers almost certain) an ann’l income of £
with [illegible] being equal to per [illegible] Capital to be employed tho’ it [illegible] to the terms before specified but from the Political Changes wich have occurred from Mr Rennies estimate was [illegible] the Committee are induced to hope a considerable [illegible] may be made. [illegible] this confined [illegible] will suffice to coince that an adequate Communication will result to subscribers the Committee abstain

[Page 4]

from an examination of the other particulars wich there [illegible] permits to [illegible] will pass upon the Canal. It will however be obvious to every reasoning mind that a Canal extending from a Seaport Town thro’ a rich & fertile Country not he then be possessing the advantages of inland navigation & connected with a large & important district abounding with coal, lead, lime cannot fail of hav’g subjects of revenue which are not immediate & prominent & of the opening Communications which must lead to

[Page 5]

a most essential [illegible]. Neither does it appear to the committee necessary to urge in recommendation of this [illegible] the great Convenience of saving wich will result from it to the Commerce of Country nor the [illegible] it will afford to you [illegible] that the taken of lands within the [illegible] of its influence the Capital is proposed to be raised by the transferable shares of £100 each to be deemed personal prop’y. & to be paid by such instaln’s as the progress of the Work may render necessary not exceed’g each with an interval of
between the final payment – but a deposit of £2. 10/ [illegible] to be paid at the time of [illegible]
Subscription Books are lodged

at [illegible] Banking in London
And at the general Banking Houses in
The Towns of
Stockton Richmond
Darlington Durham

[Page 6]

also

at

Here to follow [illegible]

[Page 7]

& it has therefore been determ’d to prefer the letters as promising ---------- noting more extensive & certain recommendation to commence but also greater benefit to the subscribers.
The next object of enquiry is what return for great a Capital may be reasonably calculated upon. This subject has engaged the [illegible] Committee who find that from [illegible] sources of information that the Goods & merchandize conveyed to & from Stockton in the line presented during the last year have amounted to tons annually and that a duty of per ton per mile can be well afforded

[Page 8]

(the existing charge being 9d which on a fair average of distance would produce yrl’y ------------------- £
They also feel warranted is stating on the authority of most intelligent persons resident in the [illegible] & districts which will [illegible] for [illegible] obtain their supplies of coal by means of this Canal then the [illegible] duty of per mile on Coal may be expected to yield ann’y --- £ & Dal’y of

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