Page:Rivers, Canals, Railways of Great Britain.djvu/237



TONNAGE RATES.
Fractions to be taken as for a Quarter of a Mile, and as for a Quarter of a Ton.

Land-owners may construct wharf and erect warehouses, for which the following rates are allowed.

ADDITIONAL WHARFAGE RATES,
To be paid by the Month, fsr such Articles as remain more than Six Days beyond the Period of Six Months, and so in Proportion for any less Time than a Month.

Seven years are allowed by the above-named act for the due execution of its provisions; and if the railway is not then finished, the power to do so will cease, except as to such part of it as may then be completed.

But the company of proprietors of this railway having raised and nearly expended all the money authorized to be raised under the authority of the 7th George IV. and their works being yet incomplete, applied to parliament last session for power to raise an additional sum; accordingly the royal assent was given on the 29th May last to an act, entitled, An Act to amend an Act for making a Railway from Dundee to Newtyle. By this last act they are empowered to raise amongst themselves, or by the admission of new subscribers, in addition to the sum authorized by and under the act of 7th George IV. the further sum of £10,000, to be applied in the first place to paying the expense of obtaining this act, then in paying the sums borrowed under the former act, and afterwards in completing the necessary works; and such further sum is directed to be divided into shares of £50 each, to be consolidated with the original shares. The proprietors may also borrow the further sum of £20,000 over and above the sum of £10,000