 In 1848, he attempted to set up the Bungay Navigation Tontine Co., which would buy the rights to levy tolls and trade on the river, using a tontine, but the scheme failed to attract sufficient investors to become viable.In 1889 ownership was transferred to W. D. Walker of Bungay, a merchant and maltster.The firm was the first owner of a wherry called "Albion", now owned by the Norfolk Wherry Trust.