Share
application formWith this view the Promoters intend that a Line of mixed Gauge shall follow
the Valley of the Chelt through Charlton Kings to Andoversford. At or near this
point the Line to London, taking a South Easterly direction will enter the Valley
of the Coln, which presents the natural route, and will pass by Withington,
Yanworth, Stowell, Foss-bridge for Northleach, Coln St. Dennis, Coln Rogers,
Winson, Ablington, Bibury and Arlington, Coln St. Aldwins, Quennington, Hatherop,
Fairford, Lechlade, Buscot, Kelmscott, and Eaton Hastings, to Faringdon, and
thence to the main Line of the Great Western Railway.
London will thus be reached from Cheltenham in about 98 miles, being 24 miles
less than the present route. A similar saving of distance in the journey to
Reading, Southampton, Portsmouth, Brighton, Folkstone, and Dover, will also
be effected.
From the Junction at or near Andoversford, the Line to Bourton-on-the-Water
will take a North Easterly direction to join the Line already authorized between
that place and the West Midland Railway, affording a communication with Oxford,
Warwick, and Leamington, and the Midland and Eastern Counties, as well as with
the West Midland system generally.
A saving of 34 miles on the journey between Cheltenham and Oxford will be effected
by this Line, as compared with the existing Railway route.
With respect to the Site of the Station at Cheltenham, the Promoters cannot,
for obvious reasons, enter into details at present, but they feel confident
that they shall be able to secure such a site as will meet with general approval,
and that they shall also be able to carry the Line through the Town without
materially interfering with valuable property.
From Cheltenham Westward, the Railway will be continued to form a junction with
the Great Western Railway, thus extending the advantages of the projected Lines
to Gloucester.
It may fairly be assumed that these Lines will afford greab accommodation- to
the through Traffic as will as
secure the Traffic from Cheltenham and that proper to the Line itself, while
the communication opened with Oxford and the Midland and Eastern Counties will
develops a new and important Traffic in that direction.
Locally the Line will offer very great advantages, following, as it does, the
course in or near to which the Population of the district is principally situate,
and occupying a Country as yet shut out from the benefits of Railway accommodation.
The Promoters have already consulted the great majority of the Landowners,
and received such a general assurance of support and co-operation as to justify
the expectation that they will meet with no opposition.
ARRANGEMENTS WITH THE GREAT WESTERN AND WESTMIDLAND RAILWAY COMPANIES.
The Promoters have entered into a most satisfactory arrangement with the Great
Western Railway Company, now united in alliance with the West Midland Railway
Company, who are therefore parties interested in all respects in the terms agreed
upon.
The arrangement provides for the efficient Working of the Lines for all purposes
of Local as well as through Traffic by the Great Western Company, for which
purpose they undertake to run over the East Gloucestershire Railways a stipulated
number of Trains daily.
In order to secure to the Local Subscribers a remunerative return for their
Capital, the two Companies will pay Interest at the rate of Four per cent. per
annum from the opening of the Lines on the first subscriptions of Capital to
the extent of £150,000.
In the event of such subscriptions amounting to not less than £150,000
(but not otherwise) the two Companies will, after the passing of the Act, undertake
to find other parties who will contribute the remainder of the Share Capital.
APPLICATIONS FOR SHARES.
Each Applicant will be required, at the time of making his application, to pay
the Deposit of £1. per Share on the number of Shares applied for to one
of the following Bankers, viz. :
THE COUNTY OF GLOUCESTER BANK, (at either Branch) THE GLOUCESTERSHIRE BANKING
COMPANY, (Ditto) Messrs. GLYN, MILLS & Co., 67, Lombard-street, London,
or to the Solicitors of the Company, who will forward the Bankers' receipt.
Forms of Application for Shares may be obtained of either of the Bankers or
Solicitors of the Company.