“That the memorialists have taken the liberty of stating, in a former Memorial hereunto annexed, the reasons that have induced them to apply to the Lords Commissioners of his Majesty’s Treasury, for their support to an application to Parliament, for the loan of so much money as will enable them to build a light-house upon the Cape or Bell Rock,--an object of much consequence to the navigation of the North Sea, from the many fatal shipwrecks it has occasioned. The Memorialists have been much pressed and solicited by the commercial interest of the country, to get this accomplished; and by opening the Firth of Forth as a place of safety, by the erection of this light-house, the navigation of the northern coasts of the kingdom will be greatly facilitated. “It now appears, by the accompanying Custom-House returns, on an average of three years, that the duties which would be received for a light-house on the Bell Rock would amount to L. 2617:3:9½; and by the accounts of the Commissioners of Northern Lights, annually laid before Parliament, it will be seen, that the memorialists have of annual surplus duties L. 1350, amounting together to L. 3967, which, it is thought, will be considered a sufficient security for the interest of the sum that may be advanced by the public. “On erecting a light-house on the Bell Rock, the Commissioners, by the existing acts, would be empowered to levy the above duties of L. 2617, 3s. 9½d.; and it appears by the representations from the ports more immediately interested, that they highly approve of the measure. “The memorialists have received several estimates of the expence of erecting a light-house upon the Bell Rock. They have more particularly had recourse to the professional abilities and advice of Mr Rennie and Mr Stevenson, Civil Engineers, from whose reports they have reason to believe that the sum will not exceed L. 48,000. The memorialists have already in the 3 _per cent._ consols L. 28,000 of surplus duties, (about L. 16,800). If the public, therefore, are induced to advance L. 25,000 by instalments in the course of three years, making together about L. 41,800, the memorialists presume, that, with the application of the whole surplus duties for a time, this sum will be perfectly sufficient to enable them to complete a work so long recommended, and so anxiously desired.” (For the statements above referred to, see Appendix, No. III.) [Sidenote: Sir Joseph Banks makes further exertions for the Loan.]