A General Plan for a Mail Communication by Steam, Between Great Britain and the Eastern and Western Parts of the World — John Shaqi
A General Plan for a Mail Communication by Steam, Between Great Britain and the Eastern and Western Parts of the WorldMacQueen, James
History
A General Plan for a Mail Communication by Steam, Between Great Britain and the Eastern and Western Parts of the World
MacQueen, James
Mail steamers -- Great Britain; Postal service -- Great Britain -- Colonies
[Footnote 13: In order to replace the original
capital, 10 per cent. or 50,000_l._ yearly laid
aside as a sinking fund, is quite sufficient,
thus:--
Principal. Interest.
1st year L50,000 0 0
2d do. 50,000 0 0 L2,500 0 0
3d do. 50,000 0 0 5,125 0 0
4th do. 50,000 0 0 7,881 5 0
5th do. 50,000 0 0 10,775 6 0
6th do. 50,000 0 0 13,814 0 6
7th do. 50,000 0 0 17,004 19 0
8th do. 50,000 0 0 20,335 0 6
9th do. 50,000 0 0 23,872 15 6
10th do. 50,000 0 0 27,566 8 7
--------------- --------------
Capital 500,000 0 0 128,888 14 9
Interest 128,888 14 9
----------------
Total L628,888 14 9
----------------
A similar sum (see Appendix, No. 1.) of at least
600_l._ per annum, each, ought to be charged as the
capital necessary to replace the sailing-packets.]
As regards the Post-office revenue, it is impossible, in the absence
of full official returns, to state its present exact amount, and,
consequently, the probable future increase. The revenue from the
outward postages to the British West Indian Colonies, Honduras
excepted, is inserted in the Appendix from official authority. Judging
from it, and other data, also adduced from official authority, the
present amount there stated cannot be far wrong; and the calculated
increase under the arrangements proposed, every circumstance
considered, is fair and reasonable. Besides the certain great increase
in all the external postages in these countries and colonies and
places, the internal and coasting postages in these places will be
augmented to a very great extent. Taking the outward postages at
present to be, to all the places mentioned, 100,000_l._--inwards as
much, 200,000_l._--there may be added, Additions 100,000_l._; (p. 054)
Increase 70,000_l._; total 370,000_l._; viz., outwards 185,000_l._,
and inwards as much; giving at the average postage of 2_s._ 5_d._ the
number of letters each way to be 1,531,465.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account