Page:Rivers, Canals, Railways of Great Britain.djvu/713

 persons therein named, who were subscribers to the undertaking, by the name of "The Company of Proprietors of the Worcester and Birmingham Canal Navigation," and empowers them to raise amongst themselves, for the execution of the work, the sum of £180,000, in eighteen hundred shares of £100 each, and if that should be insufficient, a further sum of £70,000, either amongst themselves or by mortgage of the tolls and rates, and authorizes them to take the following

TONNAGE RATES.
For Goods remaining longer than Twenty four Hours on Wharfs, such Rates as the Parties may agree upon; and in case of Dispute, the Commissioners named under the Act to decide.

EXEMPTIONS.
Materials for Roads and Manure for Grounds of Persons whose Land has been taken for the Canal, provided they do not pass any Lock except when the Water flows over the Waste Weir.

No Barge or other Vessel under Thirty-flve Tons to pass through any Lock without Leave of the Company or their Agent.

Lords of manors and owners of land on the line may erect wharfs and warehouses, and on their refusing to do so when required, the company may erect them.

The act restricts the company from making the canal nearer than 7 feet to the Birmingham and Birmingham and Fazeley Canals, without leave of the proprietors of those canals; and it also provides that the company shall, as compensation to the Droitwich Canal Company, in case they should sustain any diminution of profits from this work, make up the profits of that company to £5 per cent. on each share; the shares to be considered as of the value of £160, at which price the Worcester and Birmingham Canal Company are to purchase them, when thereto required by any of the proprietors. They are also to make up the dividends of the Stourbridge Canal Company £9 per share; and to make compensation to the Dudley Canal if their profits are