Changes

Jump to: navigation, search

The Severn Valley Railway Company (19th Century)

1,391 bytes added, 16:19, 8 November 2019
additional info and history
The first mention of a [[Wolverhampton#Proposed Railways between Wolverhampton and Bridgnorth| proposed railway between Wolverhampton and Bridgnorth]] was made at a Board meeting on 20 June 1860.<ref name=Marshall44/> Although the Severn Valley Railway was still under construction at the time, the SVR and WMR also prepared the first plans for the [[Kidderminster Loop Line]] during 1860.
 
On 1 August 1861, the West Midland & Severn Valley Companies Act authorised the construction of the Kidderminster Loop Line and granted the Company powers to raise an additional £60,000 and borrow up to £20,000 to fund its construction. However the Tenbury line was still several years from opening, so no action had been taken by 1863 when responsibility for the Loop Line passed to the GWR<ref>Marshall (1989) p.58.</ref>.
 
==1862-1872==
Public services began on 1 February 1862, operated by the WMR. The West Midland and Severn Valley Railways Act of 29 July 1862 confirmed that the WM Company had to pay rent to the SVR shareholders half-yearly, preference shareholders receiving 4&frac12; percent and ordinary shareholders 3percent rising to 4&frac12; percent by 1868. The GWR was to purchase the SVR no later than 31 July 1871.
 
On 1 August 1863 the operations of the WMR were absorbed by the GWR, and from that time the Severn Valley Railway became known as the Severn Valley Branch of the GWR.<ref>Marshall (1989), p.52.</ref> Shareholders of the WMR and SVR retained vestiges of a separate identity until complete amalgamation was brought about by the Great Western Railway Act of 1872,<ref>Nabarro (1971), p.50.</ref> in the case of the SVR by exchange of Preference Shares in the Company for Consolidated Stock in the GWR<ref>[[Bibliography#Books|Vanns (1998)]] p. 13.</ref>.
==See also==
Trustworthy, administrator
11,828
edits

Navigation menu