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The Hammersmith Bridge Company was established by Act of Parliament in 1824 (before the introduction of the principle of the limited company). The Bridge, designed by William Tierney Clark (or Clarke), was completed in 1827. A second Act, amending some sections of the first, was obtained in 1828 Land was compulsorily acquired in accordance with the provisions of the Acts for making the approach roads, which included Hammersmith Bridge Road and what is now Castelnau in Barnes. A special clause in the first Act meant that whole of the Barn Elms Estate had to be purchased. Most of the surplus land in Barnes and Hammersmith was subsequently sold; but some properties were retained and let to tenants.
The Company's income came largely from tolls on users of the Bridge and the roads in Barnes. Tolls were not charged on users of Hammersmith Bridge Road. A floating steamboat pier was later built to increase profits, attached to the downstream side of the Surrey suspension pier. In 1880 the Bridge and pier were purchased by the Metropolitan Board of Works, under the terms of the Metropolis Toll Bridges Act. The Company's roads were transferred to the local authorities, its properties were sold , and it was wound up. The Bridge was at once freed from tolls and was replaced by the present bridge a few years later.