 This was no idle thinking, for on 13 August 1898 the directors of the Vale of Rheidol obtained a Light Railway Order for the extension.The Vale of Rheidol was authorised to raise another £25,000 in shares to finance the extension.However raising the capital proved to be impossible, and nothing could be done towards the extension, even though Cardiganshire County Council, anxious to develop the area, had offered an £18,000 grant.