Frederick VII of Denmark
In February 1855 the British government recognised Peto for his wartime services; he was made Baronet of Somerleyton Hall in the County of Suffolk. King Frederick VII of Denmark honoured Peto for establishing the Flensburg–Husum–Tönning Railway Company and its construction of railways in the Duchy of Schleswig, which led to a growing export/import trade with the port of Lowestoft. Another project abroad was the Homburg Railway built from 1859 to 1860.