Footnote 13: In order to replace the original capital, 10 per cent. or 50,000l. yearly laid aside as a sinking fund, is quite sufficient, thus:—
| Principal. | Interest. | |||||
| 1st year | £50,000 | 0 | 0 | |||
| 2d year | 50,000 | 0 | 0 | £2,500 | 0 | 0 |
| 3d year | 50,000 | 0 | 0 | 5,125 | 0 | 0 |
| 4th year | 50,000 | 0 | 0 | 7,881 | 5 | 0 |
| 5th year | 50,000 | 0 | 0 | 10,775 | 6 | 0 |
| 6th year | 50,000 | 0 | 0 | 13,814 | 0 | 6 |
| 7th year | 50,000 | 0 | 0 | 17,004 | 19 | 0 |
| 8th year | 50,000 | 0 | 0 | 20,335 | 0 | 6 |
| 9th year | 50,000 | 0 | 0 | 23,872 | 15 | 6 |
| 10th year | 50,000 | 0 | 0 | 27,566 | 8 | 7 |
| ———— | — | — | ———— | — | — | |
| Capital | 500,000 | 0 | 0 | 128,888 | 14 | 9 |
| Interest | 128,888 | 14 | 9 | ———— | — | — |
| ———— | — | — | ||||
| Total | £628,888 | 14 | 9 | |||
| ———— | — | — | ||||
A similar sum (see [Appendix], No. 1.) of at least 600l. per annum, each, ought to be charged as the capital necessary to replace the sailing-packets.[(Back)]
Footnote 14: The following are the distances from Panama to the different places alluded to:—
| SOUTH. | |||||||
| Panama to Guayaquil | S. | 0°. | 31' | W. | Dist. | 670 | Geo. Miles. |
| Guayaquil to Lima | S. | 15°. | E. | " | 610 | ||
| Lima to Arica | S. | 45°. | E. | " | 570 | ||
| Arica to Coquimbo | S. | 5°. | W. | " | 690 | ||
| Coquimbo to Valparaiso | S. | 5°. | W. | " | 190 | ||
| Valparaiso to Fort Carlos, Chiloe | S. | 16°. | W. | " | 555 | ||
From Panama to Valparaiso and back could be thirty days, including three days for stoppages.
| NORTH. | |||||||
| Panama to Point Mala | S. | 15°. | W. | Dist. | 95 | Geo. Miles. | |
| Point Mala to Port Damas, Quibo | S. | 89°. | W. | " | 97 | " | |
| Port Damas to Rialejo | N. | 48°. | W. | " | 450 | " | |
| Rialejo to Acapulco | N. | 62½°. | W. | " | 1180 | " | |
| Acapulco to St. Blas | N. | 48°. | W. | " | 420 | " | |
| St Blas to Cape Lucas, California | N. | 73°. | W. | " | 274 | " | |
From Panama to St. Blas and back could be twenty-seven days, including four days for stoppages.[(Back)]