Note 34 — SECTION IX. THE REAL BASIS OF RATES.

In the same year a Statute (8 & 9 Vict. c. 28) was passed giving canal companies powers to vary tolls in the same manner as railway companies might. By 8 & 9 Vict. c. 42, which was passed the same session, canal companies were authorised to become carriers on their canals and “to make such reasonable charges for conveying, warehousing, collection and delivery as they might respectively from time to time determine upon, in addition to the several tolls or dues which any such company or undertakers were then authorised to take for the use of the said canals, navigations or railways.” Two years later canal companies were authorised to borrow money for the purpose of becoming carriers on their own waterways. (10 & 11 Vict. c. 94.)