Take-over By Grand Junction Railway
The company had putative plans to extend north and south; effectively these were taken over by the newly formed Grand Junction Railway (GJR), to form part of the route from Birmingham to Liverpool and Manchester (via the L&MR) and northwards through Wigan. After much manoeuvering on both sides the W&NR agreed on 4 February 1835 to be absorbed by the GJR on the basis of a one for one share exchange and a guarantee of 4% interest until the GJR declared dividends. This was confirmed by Act of Parliament of 12 June 1835. An end-on junction was built on the present route around the west side of Warrington, and a new station was built slightly to the north of today's Bank Quay station.
Read more about this topic: Warrington And Newton Railway
Famous quotes containing the words grand, junction and/or railway:
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