maggs states that "most of the money loaned had been paid off ... but it was impossible to pay off the capital expenditure." this appears to mean that the company's bank loans and personal loans had been cleared, but a specific loan from the k&acc for the construction of the line had not. in june 1843 the k&acc, as parent company, decided to write off a £45,000 sum due from the a&gr as a bad debt.