Financial.The estimated cost of the barrage complete is £3,658,000, including compensations and other contingencies. A toll of ¾d. per ton on the shipping passing up and down will pay the interest on this sum. This ¾d. per ton additional toll will, it is estimated, be many times compensated for by reductions in the river and dock dues and other expenses, as below:—Savings Effected by Dockisation.Per Annum.£Dredging in the river200,000Repairing banks, campsheds and groynes10,100Mudding in all docks50,000Cost of operating dock entrances and pumping70,000Saving in time of vessels ascending and descending the river225,000Saving in towage20,000”barging185,000”warping, buoying, lying off, etc.20,000”management of river70,000Total annual saving£850,100This is equal to a reduction of 6·8d. per ton on the tonnage of shipping (30,000,000) entering and leaving the Port, or equal to 7½ times the interest on the cost of the barrage.To the credit of the barrage must also be set the removal from the prospective future of enormous outlays contemplated for:—£Purchasing docks, estimated at30,000,000Improving ditto and dredging river7,000,000Cost of a water supply from Wales or other source24,000,000Total£61,000,000
The estimated cost of the barrage complete is £3,658,000, including compensations and other contingencies. A toll of ¾d. per ton on the shipping passing up and down will pay the interest on this sum. This ¾d. per ton additional toll will, it is estimated, be many times compensated for by reductions in the river and dock dues and other expenses, as below:—
This is equal to a reduction of 6·8d. per ton on the tonnage of shipping (30,000,000) entering and leaving the Port, or equal to 7½ times the interest on the cost of the barrage.
To the credit of the barrage must also be set the removal from the prospective future of enormous outlays contemplated for:—