of whom were proprietors of the Kennet and Avon Canal, obtained an act, for making a canal between the cities of Bath and Bristol, which was entitled, ' An Act for making a navigable Canal between the cities of Bath and Bristol; and also for supplying with Water the Inhabitants of the city of Bristol and its neighbourhood.'
This canal was to commence at the end of the Kennet and Avon Canal, at Bath, and to run parallel with the River Avon, on its southern bank, to the town of Keynshamn, where the line crosses to the opposite bank; thence, running parallel to Crew's Hole, it leaves the river, and crosses the upper end of Pyle Marsh to Old Market Street, in the city of Bristol, and from whence there was to be a short cut, locking down into the Bristol Dock, or Floating Harbour. The length would be about thirteen miles.
The company were incorporated by the name of "The Company of Proprietors of the Bath and Bristol Canal, and Bristol Water Works," and empowered to raise, among themselves, £500,000, to be divided into five thousand shares of £100 each, with further power to contribute, among themselves, £150,000, or to borrow the same sum by mortgage of the tolls.
The estimate for the canal and water works, which was made by John Rennie, Esq. F.R.S. amounted to £453,530, of which, £343,030 related to the canal; and it appears that £365,400 was subscribed before going to parliament.
As no portion of this canal has been executed, nor is ever likely to be, under the powers granted by the above recited act, it is unnecessary to introduce the rates that were allowed by the same. The Kennet and Avon Canal Company acted judiciously in purchasing the principal part of the shares in the River Avon; for by obtaining the management of the river, they have been enabled to secure a better navigation to the public, and to themselves ample remuneration. The parliamentary rates are as follows.
TONNAGE RATES.
The Rates allowed by the Act, 10th Anne, are Five Shillings per Ton, on all Kinds of lading, for the whole Distance, and for every Passenger, for the whole Distance, Sixpence; but the Company have considerably reduced the Rates, which vary according to the Articles of lading.
