In 1809 a new bill was presented to Parliament, and the proprietors of Battersea Bridge agreed to allow it to pass and to accept compensation. The Bill incorporated the Vauxhall Bridge Company, allowing it to raise up to £300,000 (about £ in ) by means of mortgages or the sale of shares, and to keep all profits from any tolls raised. From these profits, the Vauxhall Bridge Company was obliged to compensate the proprietors of Battersea Bridge for any drop in revenue caused by the new bridge.