Glasgow Harbour Tunnel Co

of 163 West George Street, Glasgow

See also Glasgow Harbour Tunnel

1889 The company was incorporated for the purpose of constructing tunnels for vehicular and passenger traffic under the harbour of Glasgow. The corporation of Glasgow and the police commissioners of Govan may, within six months after the expiration of fourteen years from the date of the opening of the tunnels for public traffic, and after the expiration of every subsequent fourteen years, "acquire the undertaking at a price which shall be to the value of the undertaking at the time of purchase without regard to the prospective value, and such value shall, failing agreement, be determined by an arbitrator to be appointed by the Board of Trade, whose award shall be final; provided that such value shall not be less than the actual amount at the time bona fide expended by the company on, and of all liabilities for which the company are at the time responsible in connection with the undertaking."

1895 The tunnels were opened for traffic in July.

1907 On 30 April, "the directors closed the tunnels for traffic to save the shareholders from further losses, as the undertaking was not paying, and could not be made to pay, at the rates necessitated by the low charges instituted and maintained by the Trustees of the Clyde Navigation for their vehicular ferry boat on the river Clyde immediately above the line of the tunnels."

See Also

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