1. John Dickson of Swansea, Glamorgan, contractor (the vendor)
2. John Beattie of Shortwood, Teddington Park, Middlesex, for Swansea and Mumbles Railway Company Limited
Once the company is formed, all interests in the railway to be vested in 1. subject to a mortgage of £15000. 1. to be allocated shares on payment of £15000 mortgage.