Copy Letter from Henry Pease to Captain Elliot

Pierremont 26/10/57
To Capt. Elliot
Appleby Castle

Westmld Railway

At the J T Board to day I introduced the minutes of the Conference at Brough yesterday and I am happy to have to report carefully considered them and the reasons in support which I offered. The Board concluded not to subscribe 25,000 to the project, but this number now made way for individuals who agreed to take that amt. in shares in the Company -- I shall be prepared to send the money in & will when required

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as to the funding of rolling stock and working the line as the contractors stated in the minutes of yesterday. The Board will be prepared to do this when required under your [illegible] --- the Board feels that they ought to have had 5.5 pc from the first – but they do see incline that the difference of 5 pc should be the cause of disrupting you in obtaining of a Way whatever may be the eventual result of your efforts --- I am pleased that I have been the means of lending a little aid.
I have seen Mr Bouch C E who, now intends actively to prepare for Parliament and will be at Appleby in a few days.
I shall be pleased to hear of your encouraging progress and remain respectfully
Henry Pease

I have written to the Gents. who were with me yesterday [underlined] & I omitted to say that I think the Gents who subscribe the 25,000 will expect that the working of the line be in the hands of the S&D Rly.