This was followed by a more conventional railway scheme taking advantage of the Regulation of Railways Act 1868 which, among other things, authorised the construction of a light railway—the first use of the term—subject to conditions that might be imposed by the board of Trade. An attempt to get an authorising Act failed in the 1881 session due to objections over level crossings, but a revised scheme with a shorter route and fewer level crossings was submitted for the 1883 session, and obtained its authorising Act on 2 August 1883. The "Lambourn Valley Railway" Company was incorporated, capital £100,000. It was to be a single line built on the standard gauge; the estimated cost of the infrastructure was £80,530; it was authorised as an ordinary railway, not a light railway. The engineer was John Fowler.