The Sun.
London, England, 1847-02-08 00:00:00

FlioM TIME TO TIME,

25. And be it enacted, that where moneys shall have been
advancedn
iti us
sai
company, and the proceedings of such company in relation
i3rieresoonflpßailwa.sayasforteosaciadu, siet I shhea vbo er
klawful
ufur
thereto, to be inspected and examintd from time to time by
such inspectors as they shall appoint for the purpose of ascer-
taining the due execution of such works, and the amount of
money from time to time expender thereon, and the amt.unt
and period of the advances which will from time to time be
required, and the means of the company to proceed with the
execution thereof, and the compliance on the part of the
company and their contractors with the provisions of this
Act, and such inspectors shall at the end of every calendar
month, or at such other periods or times as the said Com-
missioners shall direct, make reports as to the progress and
condition of such works, and where occasion shall require,
shall certify the amount of the money which shall have been
expended thereon eut of the advances made under the
authority of this Act, or out of the share capital, or other
wise, and such other particulars as they may think neces-
sary; and all the books of account, anti other books and mi-
nutes of the proceedings of such company shall be open to
the inspection ot the Commissioners ot Railways and their
inspectors, for the purposes of this Act.
PAYMENT OF ADVANCES TO COMPANIES TO BE SECURED
BY MORTGAGE ; TO BS REDEEMABLE COMPULSORILY IN
NOT LESS THAN THIRTY YEARS FROM THE RAILWAY
BEING IN OPERATION.

money shall be ad-
vanced 26. Atnodabeeu
tint enacted,pah3.
as that
aforesaid,where
the any
repayment thereof
as
hereinafter
and of all monies which may theraafter bi e auvanced to the
authority
f th
s
with such
re thereon n under
respectivelyth e
in addition to any other security by this
iiaitmereee;tintlAexpressed, shall,
Act provided, be
secured by an assiguniknt by way of a mortg •ge
under the common seal of the company,toLet: o h
be made
persons as the Commissioners of the 'Treasury shall person or
order, of
the property and undertaking of such company, and of all
tolls and sums of money to accrue to such company and
provision shall be made by such assignment for the re
of the principal monies thereby secured at the eiido
such period as shall be appointed by the Commissioners of
the Treasury, not being less than 30 years from the time
when the railway shall be certified by the Commissioners of
railways to be in operation, and such security shall be made
subject to such conditions for insuring the due application
of the monies advanced and to be advanced as the Commis-
sioners of the Treasury shall think fit. Provided always,
that it shall be lawful fur the Commissioners of the Treasury
from time to time, upon the recommendation, of the Commis-
sioners of Railways, to postpone the period of repayment, and
to substitute, in lieu thereof, such longer period or pe:iods
for the repayment of the said principal monies, or any part
thereof, as they shall think fit, in which case the said secu-
rity, and all other securities under this Act, shall continue
to be valid and effectual in every respect for the postponed
period or periods appointed by the Commissioners. Provided
also, that •it shall be lawful for the company, if they shall
think fit, to repay the whole or any part of the said principal
monies at any time or times sooner than the time appointed
by the said security.
INTEREST PAYABLE ON MORTGAGES TO COVER INTEREST

OF GOVERNMENT LOANS AND INCIDENTAL EXPENSES.
27. And be it enacted, that the interest on the advances to
be made under this Act shall commence from the date of
such advances, and shall be payable half-yearly, on such
days as the Commiesioners of the Treasury shall direct, and