A new crossing, opened on 15 June 1874 by the Governor of Queensland, the George Phipps, 2nd Marquess of Normanby, was an iron structure and a toll bridge. The bridge was paid for by significant council borrowings that were to be recouped by tolls. However a lack of revenue forced its transfer to the Colonial Government. The tolls were abolished at this time. It included a turning span to allow tall masted river traffic to pass upstream. The position of the swinging span was fixed when the tram-lines were laid along the bridge. It carried a 6 in (0.15 m) and a 9 in (0.23 m) diameter pipe which supplied mains water to South Brisbane. This bridge was partially washed away in the 1893 Brisbane flood.
