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per Share to such Proprietors as pay the said Call in 15 Days.

II. That such Proprietors who do not comply with this and the former Call within a Month, be Mulct 25. for each Call in Arrear; and in case they should not pay the said Calls and Mulcts, that the Court of Assistants be directed and impower'd by this General Court to file a Bill in the Court of Chancery or Exchequer, to oblige such Defaulters either to pay up their Calls, or relinquish their Shares to the Company.

III. And whereas the former Calls have not hitherto been complyed with, it is further proposed, that the Court of Assistants be impower'd to dispose of any Number of new Shares, (not exceeding 5000) in such Manner and to such Persons as they shall think fit, but not at less than 40s. per Share, to be free from this new and former Calls, with the Allowance of 12d. per Share for prompt Payment.

This is the best Method your Court of Assistants could think of to put all the present Adventurers as near as possible upon an equal footing; for as it would be unreasonable to expect a Profit without paying the Calls, so it would be equally unjust for any Person to continue an Adventurer at the Expence and Hazard of another.

If any Proprietor should be excluded for not paying the Calls, their Shares will be sunk to the Benefit of those who comply with the same. Your Court of Directors think it Needless

to use any Arguments to show the Necessity of an Unanimous Concurrence in the Method proposed, without which, or some other effectual Means to raise Money, all that is already advanced will be in Danger of being lost; and the weli-wishers to the Company who have paid their Calls, can have no Benefit, but an entire Disappointment, occasion'd by those, who tho' they appear desirous to be Adventurers, yet omit paying what is Incumbent on them, to the great Prejudice of the other Proprietors.

The Money that comes in upon the past and present Call, as also by the 10,000l. to be raised by the sale of 5000 new Shares added to the Stock, will be such an effectual Fund, to work the Mines,and Manufacture the Produce thereof, that the Company can't avoid being establish'd upon a certain, solid and profitable Foundation, without making future Calls, or uniting with any other Society or Corporation.

An Objection was made against the Call, but was fully removed by the Duke of Richmond, Earl of Clarendon, Sir R. Knipe, Sir Fisher Tench, Mr. Ward and others; and then the General Court agreed to empower the Court of Assistants to call in One Pound per Share, and to sell 5000 new Shares, as proposed by them for raising an immediate Sum to carry on the Company's Affairs to the best Advantage.

It was remarkable, that when the Question was put by the Governor from the Chair, there was but one Hand held up against it.

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THE OLD FOREST WORKS AT SWANSEA, SHEWING THE CIRCULAR ARRANGEMENT OF COPPER FURNACES,

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T is in a great degree due to the FACILITIES FOR SHIPPING in Swansea that the COPPER TRADE has established itself there; these facilities have from time to time been greatly improved upon, otherwise, in all probability, or as may be said to be the rule, the trade would have taken to itself wings and have established itself elsewhere. The necessity for Docks in Swansea has always been unquestionable, but the port seems to have enjoyed in times past the sometimes questionable advantage of being the subject of numerous consultations; at the same time the want of the gift of clear prevision, as shewn by the Swansea Harbour Trustees, has caused Bristol to lose its chance and its position among the great ports of the COUNTRY; and on the opposite coast the time was when Bideford was the largest western port in England, in the days of the Armada sending more ships to fight the Spaniards than any other in Her Majesty's dominions.

The first gentleman consulted was Captain Huddart, F.R.S., whose name is very familiar to practical engineers of the present day, though living in the beginning of the present century, and it seems his opinion was often sought by Harbour Authorities

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