THE PORT OF LONDON BILL : A CORRECTION.
[TO TILE EDITOR OF THE "SPECTATOR."]
SIR,—It is not often that one finds a mistake in the Spectator, but I think in your paragraph relating to the new Port of London Bill (April 11th) there is a manifest error. You say that as it is estimated that £4,500,000 will be required for purchase, in addition to £2,500,000 for new works, the new port authority will have to raise some £7,000,000. If you had s id some £32,000,000, you would have been nearer the mark. In the Report of the Royal Commission you will find the capital of the London and India Dock Company created to be L20,070,233, of the Surrey Commercial Dock Company L2.227,104, of the Millwall Dock Company £2,094,157 ; and if you add £7,000,000 for new works, you arrive at £31,391,494, nearly the sum I state. It is necessary to improve the water- ways to London, but why is it necessary to buy up the docks?
[We regret the slip contained in our paragraph.—En. Spectator.]
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