The first turnpike trust in England was established over Watling Street northwest of London by an Act of Parliament on 4 March 1707 in order to provide a return on the investment required to once more pave the road. The section from Fourne Hill north of Hockliffe to Stony Stratford was paved at a cost of £7000 over the next two years. Revenue was below expectations; in 1709, the trust succeeded in getting a new act extending the term of their monopoly but not permitting their tolls to be increased. In 1711, the trust's debts had not been discharged and the creditors took over receivership of the tolls. In 1716, a new act restored the authority of the trust under the supervision of another group appointed by the Buckinghamshire justices of the peace. The trust failed to receive a further extension of their rights in 1736 and their authority ended at the close of 1738. In 1740, a new act named new trustees to oversee the road, which the residents of Buckinghamshire described as being "ruined".