single, £22,260; and for the extension of the main line to Newton Grange, £7,815; towards which, the Marquis of Lothian subscribed £1,000.
By the second act, the branch to Fisher Row Harbour is, in future, to be accounted a portion of the main line; for the purpose of completing which, power is given to raise, in addition to the several sums of £57,695 and £4,136, which had already been expended, any sum not exceeding £54,875, which is directed to be raised by creating new shares of £50 each; and an additional sum of £10,000, over and above the £20,000 which they were empowered to borrow by the last-recited act. For the Leith Branch, a new list of subscriptions is to be raised by a company who may act independently of the shareholders on the main line, by appointing their own committee of management, as well as possessing the power to make separate dividends of the proceeds of this branch.
The subscribers are empowered to raise among themselves the sum of £25,700, in one thousand and twenty-eight shares of £25 each, (of which sum, £19,600 was subscribed before this act was obtained) and a further sum of £10,000, on assignment of the rates as a security.
This branch crosses the estate of the Marquis of Abercorn, who has the privilege of a way-leave for himself and tenants free of charge, and is entitled to make branch railways to connect with this.
William Miller, Esq. another considerable landed proprietor, has obtained the same power and privileges as the above-named nobleman, by obtaining the introduction of a similar clause.
With respect to the extension of the main line to Newton Grange, it is enacted, that, should the Marquis of Lothian think proper to do it at his own expense, the pontage rates which the company are authorized to demand for all articles crossing the North Esk Bridge, shall not be collected.
The principal object of this railway and branches, is to open more effectually, a better and cheaper communication between the city of Edinburgh and the port of Leith, with the valuable collieries and limestone quarries that abound in the rich mineral district to which they extend.
