 Notwithstanding obstruction from the Portreath interests, Taylor got his Act of Parliament on 17 June 1824, with a capital of £22,500, and authority to increase this by another £10,000 if necessary.The railway was to be a toll operation, allowing any carrier to convey his vehicles on the line on payment of the toll, and the terms of the Act did not envisage actual train operation by the Company itself.The Act specified the main line to be from Redruth to Point, with several branches, including one from Twelveheads to Chacewater.