A report was presented on 30 September 1857, which proposed a railway at a cost of £11,000, and this was quickly approved. Although there was some opposition from Buller's son, also called John, and from the Admiralty, who were concerned about navigation on the river, the Duchy of Cornwall helped the company to obtain its authorising act of Parliament, the Liskeard and Looe Railway Act 1858 (21 & 22 Vict. c. xi), which was granted on 11 May 1858. It authorised the canal company to raise additional capital of £13,000 in £25 shares, with authority to borrow £4,000. Two of the clauses in the 1825 act were repealed, relating to penalties for destroying the canal.
A report was presented on 30 September 1857 which proposed a railway at a cost of £11000 and this was quickly approved Although there was some opposition from Buller's son also called John and from the Admiralty who were concerned about navigation on the river the Duchy of Cornwall helped the company to obtain its authorising act of Parliament the Liskeard and Looe Railway Act 1858 (21 & 22 Vict c xi) which was granted on 11 May 1858 It authorised the canal company to raise additional capital of £13000 in £25 shares with authority to borrow £4000 Two of the clauses in the 1825 act were repealed relating to penalties for destroying the canal