sum of £20,000, either by the admission of new subscribers, or by mortgage of the rates of the same. For the payment of interest and other necessary contingencies, the company have authority to demand as
TONNAGE RATES.
| For all Coals, so that the gross Rate does not exceed Three Shillings | 3½d per Ton, per Mile. |
| For all Iron, Timber, Coke and other Goods, so that the gross Rate does not exceed Four Shillings | 4d ditto. ditto. |
For all Lime, Lime-stone and Stones used for Building, and Materials for Roads, Half the Rates for Coal are to be paid.
The Owners of Land through which the Canal passes are exempted from the Payment of Tolls for Dung, Soil, Marl, Ashes of Coal and Turf and all other Manures, except Lime, used on their Lands; and all Materials for Roads are to pass Toll Free, provided they pass no Lock, except when the Water flows over the Waste Weir.
Proprietors of lands and others may erect quays, wharfs and warehouses, the rates for using which are to be determined by certain commissioners appointed by the act.
Lord Winchelsea having a right of dues on all coals sold in the manor of Oakham, this act provides that the company shall pay him the sum of £15 per annum in lieu of the said dues.
Having obtained the act, the company proceeded immediately to put the work into execution, but when about ten miles of the line had been finished, they were obliged, by want of funds, to apply a second time to parliament for a fresh act, which was obtained in June, 1800, under the title of 'An Act to enable the Company of Proprietors of the Oakham Canal to raise Money for completing the said Canal, and also for altering and amending an Act passed in the Thirty-third of his present Majesty, for making the said Canal.' By this last act they are enabled to raise a further sum of £30,000, either by the admission of new subscribers, or by bond, or by promissory notes, or they may, if more eligible, admit persons, to whom they already owe money, amongst the number of shareholders, by way of payment of their debt, assigning the interest of one share for every £100 they are so indebted to the said persons; or they may make a call on the present subscribers to the amount of £15,000, being half of the £30,000 ordered by this act to be raised. They are also entitled to the following additional tonnage rates.
