SCARCE Original Bearer Bond certificate Port Hope, Lindsay and Beaverton Railway Company
(Later Midland Railway) £100 stg. 1860-1880 with all its individually signed by Thomas Ridout (Sec). coupons intact. It is posible that this original lithographic bearer bond certificate may still be legal tender. Sheet 21 ¾ x 16 5/8” (53.3x 42.2 cm)
Ref.LRAp- /-/s.doov >OOL PRICE CODE D
“The Southern Terminus of this Railway is in the Town of Port Hope; at this terminus there is now in course of construction, and intended to be completed simultaneously with the Railway, a capacious and secure artificial Harbour, which will be, not only the best on the north Shore of Lake Ontario between Kingston and Toronto, but will also be the only one entitled to be considered a Harbour of Refuge. At this point the Railway forms a convenient connexion with the Grand Trunk Railway of Canada.” 1856 Directory
The new railway received its charter on 18 December 1854 as The Port Hope, Lindsay and Beaverton Railway Company (PHL&B). With the failure of the Cobourg and Peterborough railway, the PHL&B now had exclusive access to Peterborough, which they retained for some time. Further expansions were slow in coming. The line did not reach its planned terminus in Beaverton until 1 January 1871. Construction reached Lindsay in late 1857.
The Port Hope, Lindsay & Beaverton Railway, became much longer line than originally planned. A further expansion launched in 1869 pushed the line westward towards Georgian Bay, and prompted renaming as the Midland Railway of Canada was a historical Canadian railway which ran from Port Hope, Ont. to Midland on Georgian Bay. On 10 March 1882 became a greatly expanded Midland Railway with 474 miles (763 km) of track. two years later the Grand Trunk Railway leased most of the lines in the area as part of a major expansion plan, and purchased them outright in 1893. It was eventually absorbed into the Canadian National Railway system.