Wed 9 Feb 1831
From John R Denyer
To Mr P. Richards Esq
I really cannot see any source from which a return can be calculated upon for the outlay and annual expense attendant upon a reservoir the water from which to be pumped into the Canal by means of a Steam Engine … (discussion of pros and cons of construction of reservoir)
Meeting of Clothiers and other consumers of coal takes place today to take into consideration the propriety of assisting the projectors of the proposed new rail road in the Forest of dean a measure I am given to understand the Commissioners of Woods & Forests may be considered more in favor of than otherwise.
Breach in Tunnel been repaired during the late frost.
I look forward with pleasure and confidence to an equal dividend upon all classes of shares in Apr next & I wish I could add for future years but I am fearful the ensuing summer trade will be flat owing to the existing stocks of Coal.
