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Messrs Finlay Hodgson & Co
I duly received your letter of the 13th inst. It is true the Liquidation Fund of 1832 is but £3,223-15-6 but would it not be better at once to carry the Profit of 1831 and 1832 to Mr Beaumont’s Debit to meet the £20,000 – take the Balance out of last years Profit and commence our funds from 1833
The following Gentlemen residing in London hold Shares in the Derwent Mines and are Directors; John Roath, Mr Harry Forman, John Macdonnald, Thomas Hill, & Walter Hall.
Allendale Road.
In my last letter I stated the advantage to Mr B[eaumon]t of this road at £1,000 to 1,200 per annum. I am now able to give it in detail:-
Carriage of 6,573 Bings of Ore from Coalcleugh £ S d
To Allen Mill on the old Road at 4s/- Per Bing 1302 12 0
Ditto on the new Road at 2/6 per Bing 814 2 6
Ann[ual] Saving by new Road 488 9 6
Carriage of 6324 Bings of Allenheads Ore to £ S d
Allen Mill on the old Road 3s/8d per Bing 1159 8 0
Ditto on the new Road 2/6 per Bing 790 10 0
Ann[ual] Saving by the new Road 368 18 0
Brought Down 488 9 6
Annual reduction in the carriage of
Lead made at Allenheads 200 0 0
Ditto of Coals 150 0 0
Ditto of Materials for the Mines 80 0 0
£1287 7 6
The number of Bings of Ore is the quantity sent to Allen Mill from Coalcleugh & Allenheads in 1833
Railway
I have also made out a statement of the advantage that will avail from the Railway to Mr B[eaumon]t so far as his mines are concerned. Supposing the Railway made to Hexham
From Allen mill to Hexham 9 1/2 miles S d
Carriage for One Ton of Lead 5 5 1/2
From Hexham to Blaydon 16 miles 9 1
14 6 1/2
From Allen mill to Hexham 5s 5 1/2d
Hexham to Blaydon
on the Railway 17 Mile 3 11 9 4 ½
Saving per ton 5 2
Supposing the Railway completed from Blaydon to Haydon Bridge
S d
From Allen Mill to Haydon Bridge 5 miles
Carriage of One ton of Lead 2 9
From Haydon Bridge to Blaydon
On the Railway 25 miles 5 9
8 6
Dukesfield Lead Carriage
Dukesfield Mill to Dilston 5 miles S d
Carriage of one Ton of Lead 5 0
From Dilston to Blaydon on Railway
12 miles 2 9
7 9
Taking the quantity of Lead made at Allen and Allen Heads mill each year at 4,000 tons when the Railway is completed to Hexham there will be an annual saving of Carriage of £1,000 and when completed to Haydon Bridge of £1,200.
Taking the quantity of Lead made at Dukesfield at 3,000 tons a year there will be a saving of £750 a year the forecast rate of Carriage from this mill to Blaydon being 12s/9d per ton. These estimates are taken below rather than above what the actual saving will turn out to be.
BJ
Date assumed from sequence letter undated but prior letter dated 14 Jan and following letter 13 Jan
