Capital. Yearly Charge.
Four Steamers £96,000 £24,800
Coals 27,750
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Yearly charges £52,550
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The mails, also, on this station, might be carried by sailing packets,
and which would require to be of the very first class. Their time from
Fayal to Fayal again, would be, say nineteen days to Barbadoes;
seventeen days to stop in the Colonies; and twenty-four days from Cape
Nichola Mole to Fayal (2600 miles), together sixty days; and which
brings the return of this sailing vessel to Fayal to correspond with
the arrival of the packets from Falmouth, and of the mails from South
America, and from North America, at that place. Four packets would be
sufficient for this station, giving two mails each month. Their cost
would be 38,000_l._, and their yearly expenses at 4,200_l._ each,
16,800_l._--considerably cheaper than steam, but lengthening, as has
been seen, the communication between Great Britain and that quarter of
the world, _fifteen_ days. A spare packet might be necessary, but the
cost of that has been included, and stated under the South American
head.