ɪts ˈækt ʌv twˈɛnti wˈʌn dʒuːlˈaɪ wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd fˈoːɹɾi fˈaɪv ˈɔːθɚɹˌaɪzd kˈæpɪɾəl ʌv pˈaʊnd fˈoːɹhˈʌndɹɪd,zˈiəɹoʊzˈiəɹoʊ zˈiəɹoʊ ænd ɪt ʃˈɛɹd mˈɛni ʃˈɛɹhoʊldɚz ænd dᵻɹˈɛktɚz wɪððɪ ˈiːstɚn jˈuːniən ɹˈeɪlweɪ jˈʊɹ hˌuː wɜːɹ ɪnðə pɹˈɑːsɛs ʌv bˈɪldɪŋ ðɛɹ lˈaɪn fɹʌm kˈɑːltʃɛstɚ tʊ ˈɪpswɪtʃ.
Its Act of 21 July 1845 authorised capital of £400,000 and it shared many shareholders and directors with the Eastern Union Railway (EUR) who were in the process of building their line from Colchester to Ipswich.