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Some notes upon light railways and tramway guarantees in Ireland under the Tramways and Public Companies' Act, 1883, 46-47 Vic. chap. 43, and suggestions for a different and improved system of guarantee
Moore, Fletcher. 'Some notes upon light railways and tramway guarantees in Ireland under the Tramways and Public Companies' Act, 1883, 46-47 Vic. chap. 43, and suggestions for a different and improved system of guarantee'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. IX Part LXXI, 1890/1891, pp512-516
Journal of The Statistical and Social Inquiry Society of Ireland Vol. IX Part LXXI 1890/1891
In 1883 another fresh start took place, owing to the passing of
the 46 & 47 Vic. chap. 43, now popularly known as the "Tramway
Guarantee Act." By section 1 of that act, the grand jury of any
county was authorised to give a guarantee, chargeable upon any
barony (which includes part of a barony), that dividends would be
paid upon the capital as paid-up of any tramway (which includes a
light railway), but not exceeding the rate of 5 per cent, thereon.
By a later section (9) of the same act, it was provided that when
any barony, as before mentioned, in any half-year after the opening
of such tramway for traffic, should have paid any sum on foot of such
guarantee, the treasury would then recoup to the barony a sum not
exceeding half the amount so paid by the barony, provided such payment
by the treasury should not exceed 2 per cent, upon the paid-up
By the 5th section of the same act, it was provided that when
the tramway came to earn more than enough to pay its own dividends,
it should then repay by degrees to the barony and to the treasury all
the monies so advanced by them to pay the dividends of the tramway
in its infancy.
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