An Act to attach certain Conditions to the Construction of future Railways authorized or to be authorized by any Act of the present or succeeding Sessions of Parliament; and for other Purposes in relation to Railways（Railway Regulation Act 1844）, 7 & 8 Vict. c. 85

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1. Enacted on August 9, 1844. Article 1: Regarding new passenger railways authorized by acts from the present session onwards, after 21 years from January 1 following the passing of the act, if the average divisible profits for the last 3 years on the paid-up capital exceed 10%, the Treasury may revise the scale of tolls with 3 months' notice. A 10% profit is guaranteed during the revision.
2. Article 2: Regardless of the rate of profit, after 21 years, the Treasury may, with 3 months' notice, purchase the railway in the name of Her Majesty for a price equal to 25 years' purchase of the average divisible profits for the last 3 years. Article 3: This does not apply to railways authorized before the present session and branch lines of less than 5 miles.
3. Article 4: The powers of revision or purchase shall not be exercised until Parliament provides for a guarantee or purchase money by another act. Article 5: For the 3 years before the powers may be used, an account of receipts and expenditures shall be kept, and a half-yearly abstract shall be sent to the Treasury, and the books may be inspected by a person appointed by the Treasury.
4. Article 6: Passenger railways established or with extended powers from this session onwards shall run at least one train each way daily, except on Sundays and holidays, over the entire line at an average speed of not less than 12 miles per hour, stopping at every station if required, and carrying third-class passengers in carriages with seats and protection from the weather for a fare not exceeding one penny per mile. Article 7: Failure to do so incurs a penalty of not more than 20 pounds per day. Article 9: No tax shall be levied on such fares.
5. Articles 11–14: The Postmaster General may require the conveyance of mail at speeds not exceeding 27 miles per hour. Fares for the transport of military and police forces are not to exceed two pence per mile for officers and one penny for soldiers. At the request of the Board of Trade, the laying of telegraph lines for Her Majesty's service shall be permitted.

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