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The Severn Valley Railway Company (19th Century)

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1857
==1857==
On 10 July the Board resolved that a tender from the contractors Smith and Knight for construction of the line should be accepted, although no details of the tender are recorded. In response, [[Peto, Brassey and Betts# Involvement with the Severn Valley Railway |<nowiki>Morton</nowiki>Peto wrote to the Board on 28 July]] offering his resignation so he could tender for the Contract. His resignation was accepted.<ref name=Marshall34/>
Continued difficulties in raising the finance meant that two new Bills were drafted and put before Parliament, one to continue construction but with an extended deadline for completion and the other to abandon its construction. On Peto's advice, the decision on which should be adopted was deferred until the next half-yearly shareholders' meeting in February 1858.<ref name=Marshall34/>
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