In  July,  1842,  under  2  &  3  Vict,  cap.  79,  the  London  and
Brighton  Company  sold  to  the  South- Eastern  Railway  Company,  for
305,949/.  198.  9d.,  about  six  miles  of  Railway  to  the  north  of  Reigate*
In  the  report  of  this  transaction,  made  by  the  South-Eastem  Railway
Company,  the  price  is  stated  as  340,000/. ;  and  it  has  been  explained
by  the  former  Company  that  the  price  returned  by  the  South-Eastem
Company  was  really  the  amount  paid,  but  that  it  included  a  charge
for  interest.  Under  8  &  9  Vict.  cap.  200,  it  transferred  to  the  South-
Eastem  Railway  Company  the  power  given  by  that  Act  for  the  con-
struction of  a  line  from  Ashford  to  Hastings,  the  Parliamentary
expenses  being  paid  by  the  South-Eastem  Company.  Under  7  &  8
Vict  cap.  9],  it  bought,  in  August  1845,  the  Brighton,  Lewes,  and
Hastings  line,  at  a  premium  of  7/.  per  share  of  50/.,  amounting  to
35,000/. ;  and  under  7  &  8  Vict  cap.  6*1,  it  purchased  the  Brighton
and  Chichester  line  in  1845,  at  a  premium  of  12/.  10s.  per  share  of
50/.,  on  4,520  shaies,  amounting  to  56,500/.;  and  it  also  agreed,
under  8  &  9  Vict.  cap.  199,  to  purchase,  when  completed,  the  Ex-
tension from  the  same  line  to  Portsmouth.
