The first general meeting of the new Company did not take place until 25 October 1861. While construction was proceeding under Wylie & Peddie, the KR concluded an agreement with the G&SWR for the latter to work the line for 42½% of gross receipts after deduction of cartage costs. The construction was ready for a demonstration trip on 30 January 1864.
The first general meeting of the new Company did not occur until October 25, 1861. Construction continued under Wylie & Peddie while the KR and G&SWR agreed to have the latter operate the line for 42½% of gross receipts after deducting cartage costs. The construction was ready for a demonstration run on January 30, 1864.