expenditure of capital to turn to the proper account, a well constructed harbour being something more than a mere speculative undertaking, for it is almost certain to bring vast wealth, power, and influence to the city with which it is connected. The Trustees now desire by economy and good management to draw a trade to the port and not drive it away by heavy taxation; they have repeatedly reduced materially their rates on shipping and goods, and it may be asserted they would never have been so liberal towards the public if they were not themselves, as a body, in affluent circumstances. The public, never a very thoughtful body, view with jealousy the prosperity of any such body and impute it to their (the public) patronage, but the truth is, it is more generally due to good and careful management, and especially to economy in their capital expenditure.

Swansea has been referred to by the London Press of late as "a very Fortunate Town," and it will be a matter of surprise if it does not secure a share, and perhaps the larger share, of the Bristol Channel Trade; the "Coal and Iron Trade Review" remarking that Swansea has, in some quarters, long been credited with taking. but a secondary part, as an Export, of one of the largest manufacturing districts of the kingdom, will, from the near date of the opening of new East Dock, prove to do so no longer, for these are days when merchants and ship owners. will seek and secure facilities for the prosecution of their business regardless of all local and inferior considerations.

There is no other harbour in the Kingdom where such an amount of work is done on a given space as

at SWANSEA.

The County of Glamorgan contains nearly one-third of the whole population of Wales.

The acreage of the County is one-eighth of the whole.

Its gross rental is one-half of the entire Principality.

N

one-fifth of that of Important proportions to calculations upon.

are the same as they were

per ton nett register all he same period they have

ded by adding a list of the epochs in the History of 2, beyond those already the 24th June, 1791, desatative Trustees at p. 174.

JANUARY 1st, 1851.

LA MARQUIS OF WORCESTER.
FRANCIS PRICE.

C. COLLINS.

XRRAY.

THOS. S. BENSON.

STARLING BENSON.

L. L. DILLWYN.

R. D. GOUGH.

CHRISTOPHER JAMES.

W. MARTIN.

G. B. MORRIS.

JOHN RICHARDSON.

JOHN J. STRICK.
J. H. VIVIAN.
THOS. WALTERS.

WAASI WILLIAMS.

JOHN GLASBROOK.

T. GLOVER.

W. HALLAM.

J. W. JAMES.
M. J. MICHAEL.
C. H. SMITH.

W. H. SMITH.

T. E. THOMAS.

OWEN G. WILLIAMS,

Of the above there are present Members of the Trust

FRANK ASH YEO, J.P., Alderman. HY. HUSSEY VIVIAN, M.P., J.P.

JNO. JONES JENKINS, J.P., Alderman, MAYOR.

THOMAS CORY, J.P.

LEWIS LLEWELYN DILLWYN, M.P., J.P.

WM. HARRIES FRANCIS.

JOHN GLASBROOK, J.P.

JNO. CROW RICHARDSON, J.P., HIGH SHERIFF.