332 REPORT OP COMMITTEE IN LIMA. 



wide distance of space and time between the 

 Pacific coast and European resources^ they 

 think it proper to recommend that a fourth be 

 added^ by way of reserve^ in case of accidents. 



2. That as the original cost of the vessels^ 

 and the expenses attending them until their 

 arrival in the Pacific^ can be best calculated in 

 England, where it is proposed to build them, 

 the committee only examined into the accuracy 

 of the estimates of the income and expenditure 

 of the undertaking, on the assumption of the 

 steamers having arrived in the Pacific, and 

 being in full operation. 



3. That the estimate of expenses attending 

 the navigation of each of the steamers, as per 

 schedule A, annexed, is fairly calculated, taking 

 into consideration the local and other circum- 

 stances and peculiarities of the Pacific coast. 



4. That the rate of charges, specified under 

 the several heads of schedule B, annexed, is 

 extremely moderate, compared with the existing 

 charges, and well calculated, therefore, to en- 

 courage and increase the intercourse by steam 

 between the different ports of the Pacific. 



5. That the estimated number of passengers 

 and letters, and quantity of freight likely to be 

 conveyed by this quick and economical means 

 of conveyance, as detailed in Schedule C, do 



