However investors were reluctant to put money into the scheme, and of the £1.1 million of authorised capital, only £400,000 had been subscribed by 1852. Despite the deficient capital, the GNoSR line was tentatively opened for traffic in 1854.
However investors were hesitant to invest funds into the plan, and of the £1.1 million of permitted capital, only £400,000 had been subscribed by 1852. Despite the inadequate capital, the GNoSR line was tentatively opened for traffic in 1854.