Page:Rivers, Canals, Railways of Great Britain.djvu/468



TONNAGE RATES.
Pleasure Boats and Boats used for Husbandry are to pass without paying Tolls.

The company are not to divide above £7, 10s. per cent. on their shares in any one year; but the excess, if any, is to be applied to the completion of the works, and after that to the paying off the debts due by the company. And when the mortgage debts are paid off, the tolls are to be reduced as below.

REDUCED RATES.
The exemptions mentioned in the former act are continued in this, as are also the rights of the Medway Navigation Company, who are to pay for navigating the whole or any part of the Lower Navigation, the following

TONNAGE RATES.
And when the mortgage debt is paid off, then these rates also are to be reduced to the amount above-stated in the second column.

This is a work of considerable utility, and one which has added greatly to the facilities of water carriage; and when the intended Weald Canal is made, will be a means of bringing the produce of the southern part of Kent to the great victualling place of Chatham.

In consequence of the recent discovery of a very valuable quarry of building stone on the south side of this river near Penshurst, a company, unconnected with the proprietors of the Medway Navigation, have at very considerable expense rendered this river navigable from Tunbridge up to Penshurst Bridge, by widening, deepening and straightening, and by making a cut of about a mile in length through the estate of Sir John Sidney, Bart.