By  all  these  Acts  it  was  authorised  to  raise  Capital  to  the  amount  of
1,554,900/.,  and  to  borrow  or  raise  by  additional  shares,  517,365/.,  or
to  raise  by  shares  and  loans  2,072,265/.  In  an  Act  passed  on  the
18th  June,  1846,  the  power  of  the  Company  to  raise  Capital  is  stated
at  2,072,265/.,  with  power  to  borrow  one-third  of  Capital,  including
any  sums  authorised  or  to  be  authorised  in  that  Session.  The  Com-
pany obtained  power  by  five  other  Acts  in  1846  :  by  two  it  received
power  to  raise  additional  Capital  to  the  amount  of  625,000/.,  and  to
borrow  or  raise  by  new  shares  208,300/.,;  by  two  other  Acts  to
borrow  175,000/.,  or  such  part  of  it  as,  together  with  the  loans
authorised  by  other  Acts  of  that  Session,  should  not  exceed  one- third
of  Capital  for  the  time  being: ;  and  by  another  Act  passed  in  the
same  Session  the  York  and  North  Midland,  or  the  Manchester  and
Leeds  Railway  Companies  were  authorised  to  take  a  lease  of,  or  to
purchase  the  Hull  and  Selhy  Railway  ;  and  the  Company  exercising
these  powers  was  authorised  to  raise  2,000,000/.,  for  the  purpose.
This  power  is  to  be  exercised  jointly  by  the  two  Companies ;  the  York


174    YORK  AND  NORTH  MIDLAND— cow«iw«rf.
and  North  Midland  Railway  Company  has  received  power  by  this
Act  to  raise  additional  Capital  to  the  amount  of  1,000,000^  It  has
therefore  been  authorised  by  various  Acts  to  raise  by  shares  and  loans.
