The "little company" had, indeed, good reason to be apprehensive; but fortune favoured its course. Before this onslaught, even the "overbearing leviathan" quailed. After long and costly struggle in the Parliamentary committee rooms, accommodation was reached, and in the House of Commons the Montgomeryshire promoters' scheme passed with flying colours; but an unfortunate error, by which the levels were proved to be some 18 feet below the Severn water, wrecked it in the Lords. In August, 1853, however, the scheme received Parliamentary sanction, and out of the long list of "provisional directors" appointed the previous year, the first board was formed. They were:--Mr. Whalley, chairman; Mr. W. Lefeaux, vice-chairman; Alderman E. Cleaton, Llanidloes; Alderman Richard Holmes, Llanidloes; Mr. Wm. Lloyd, Newtown; Mr. Edward Morris, Oxon, Shrewsbury; Mr. T. E. Marsh, Llanidloes, and Mr. T. Prickard, Dderw, Radnorshire. Mr. Rice Hopkins was the engineer, Mr. T. P. Prichard, general manager, and Mr. John Jenkins, secretary. Mr. Jenkins, however, soon transferred his services to the office of auditor, and was succeeded by Mr. Thomas Hayward. III. And so, with eager hearts, directors looked forward to a rosy future. It is interesting to recall what, in their opinion, the financial prospects of the line were. Larger schemes loomed in ambitious minds, but, even confined to the local line along the Severn valley, the estimated revenue was as follows:-- Passengers 2,350 pounds Coal 750 pounds Lead, Copper, and Barytes Ore 1,700 pounds Timber (chiefly used in working the mines) 900 pounds Iron, Powder, and other articles used by miners 75 pounds Lime for Agricultural and other purposes 900 pounds Corn, Flour, and other Agricultural Produce 600 pounds Cattle, Sheep, and other animals 300 pounds Wool and Woollen Manufactures 225 pounds General Merchandise and Shop Goods 250 pounds Building Stone, Tiles, Bricks, etc. 200 pounds Total 8,250 pounds