 After some haggling over the price of land and other matters, a report of actual construction was presented on 30 October 1846.However work was then suspended as the company had run out of money.A public offering of five-year bonds at 5% per annum raised only £50,000 so a further Act of Parliament (passed on 22 July 1848) was required to increase the capital by £250,000 to £650,000.