The Company are restricted from receiving more than Ten Pounds par Cent, on their Capital Stock, until they have reduced their Tonnage, on Distances not exceeding Three Miles, to Three-fourths, and on Distances exceeding Three Miles, to One-half the Rate they are empowered to collect; provided that, for Distances exceeding Three Miles, the Rates shall not be less than Four-pence Halfpenny.
The act of 7th and 8th George IV. entitled, An Act for altering and amending time Garnkirk and Glasgow Railway Act, was obtained for the purpose of altering the line to the course described at the commencement of this article; which alteration was estimated by Mr. Grainger to cost the additional sum of £9,350. The company are therefore authorized to raise this sum in £50 shares; and, should they determine to make a double railway, they may raise an additional sum of £11,000 for that purpose, in £50 shares; all which sums shall be deemed the capital stock of the company. Five years, from the passing of this act, is allowed for the execution of the necessary works.
The act of 11th George IV. entitled, An Act for amending certain Acts for making the Glasgow and Garnkirk Railway, and for raising a further Sum of Money, is simply to enable the company of proprietors to raise a sufficient fund for completing the works; the act, therefore, empowers them to raise the further sum of £21,150, either by creating new shares to that amount, or by borrowing upon credit of the undertaking the sum of £10,000, and creating new shares to the extent of £11,150.
The object of this railway is to convey to Glasgow, and for exportation, the valuable minerals at its eastern termination, and such as is brought down the Ballochney and the Wishaw and Coltness Railways, which extend further into the Lanarkshire Coal Field.
GARTURK.
(SEE [PNRC0701.htm#PNRC683 WISHAW AND COLTNESS RAILWAY].)
GIPPEN OR GIPPING RIVER.
30 George III. Cap. 57, Royal Assent 1st April, 1790.
33 George III. Cap. 20, Royal Assent 28th March, 1793.
THIS river rises near Gipping Hall, situate two miles south-west of the town of Mendlesham, in Suffolk, whence it flows by Stow Market to Stowupland Bridge, near the said town, where
