 Always desperately short of money, the C&CR never managed to extend beyond that point, although the Great Western Railway later took the company over and extended the line to Newcastle Emlyn.The Manchester and Milford Railway promoted its line, obtaining an authorising Act of Parliament in 1860.It did not aspire to build a line either to Manchester or to Milford Haven, but to form the central link in a chain of lines through mid Wales, connecting with other companies at each end.