If the owner of any land bounded by a road shall have erected or shall hereafter erect a fence between his land and such road, and any other person shall hereafter adopt any means by which such fence shall be rendered of beneficial use to himself, and shall avail himself of such fence, such person shall be liable to pay to the person who erected such fence, or to the owner of the land whereon such fence is erected, interest on half the then value of such fence, at the rate of 10 per cent per annum for so long as he shall continue to avail himself of such fence, and shall also, as long as aforesaid, be further liable for half the cost of the repairs of such fence.