“For Fish and all other Wares, Merchandise, Articles, Matters
and Things conveyed any distance not exceeding Fifty Miles,
the Sum of Threepence Halfpenny per Ton per Mile; and the
Sum of Threepence per Ton per Mile for the whole distance
travelled, if conveyed a distance exceeding Fifty Miles.”
By the Regulation of Railways Act, 1844 (7 and 8 Vic. cap. 85), the
Government were given the right, on certain conditions, to _revise_
the scale of Tolls, Rates and Charges as follows:--
“Be it enacted, by the Queen’s most excellent Majesty, by and
with the advice and consent of the Lords, spiritual and
temporal, and Commons in this Parliament assembled, and by
the authority of the same, That if at any time after the
end of twenty-one years from and after the first day of
January next, after the passing of any Act of the present,
or any future Session of Parliament for the construction of
any New Line of Passenger Railway, whether such New Line
be a Trunk, Branch, or Junction Line, and whether such New
Line be constructed by a New Company, incorporated for
the purpose, or by any existing Company, the clear annual
profits divisible upon the subscribed and paid-up Capital
Stock of the said Railway upon the average of the three then
last preceding years shall equal or exceed the rate of _Ten
Pounds_ for every _Hundred Pounds_ of such paid-up Capital
Stock, it shall be lawful for the Lords Commissioners of Her
Majesty’s Treasury, subject to the provisions hereinafter
contained, upon giving to the said Company three calendar
months’ notice in writing of their intention to do so, _to
revise the scale of tolls, fares and charges_, limited by
the Act or Acts relating to the said Railway, and to _fix
such new scale of tolls, fares and charges_, applicable to
such different classes and kinds of Passengers, Goods, and
other Traffic on such Railway as in the judgment of the said
Lords Commissioners, assuming the same quantities and kinds
of traffic to continue, shall be likely to reduce the said
divisible profits to the said rate of Ten Pounds in the
Hundred: provided always that no such revised scale shall
take effect, unless accompanied by a guarantee to subsist as
long as any such revised scale of tolls, fares, and charges
shall be in force, that the said divisible profits, in case
of any deficiency therein shall be annually made good to the
said rate of Ten Pounds for every Hundred Pounds of such
Capital Stock, provided also that such revised scale shall
not be again revised or such guarantee withdrawn otherwise
than with the consent of the Company for the further period
of twenty-one years.”
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account