BRITISH RAILWAYS
COMBINATION OF COMPANIES
PROCESS ORDERED BY LAW.
(UNITED PRESS ASSOCIATION.—COPTRIOHT.) . '(AUSTRALIAN • NEW ZEALAND CABLE ASSOCIATION ) (Received February 7, 10 a.m.} LONDON, 6th February. The Manchester Guardian announces that the London and North-Western Railway is taking over the Midland Railway. The headquarters of the combined companies will remain' at Euston. The Railway Act of 1921 grouped both | companies with the . Lancashire and Yorkshire Company, the .North Staffordshire and Furness Railways, and the Scottish lines. Apparently the Scottish companies will form their own group, 'as the Act provides for -variation with Parliamentary sanction before January, 1922, In default of the constituent companies in each group submitting to an agreed amalgamation scheme, an amalgamation tribunal provided under the Act will prepare sjich a scheme. The London, and North-Western Company took over the Lancashire and Yorkshire line for administrative purposes_ in 1921, arifl the financial absorption is now completed. The nominal capital of the new combination amounts to £410,000,000, and the length of the combined lines is 14,122 miles.
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Bibliographic details
Evening Post, Volume CIII, Issue 31, 7 February 1922, Page 7
Word Count
167BRITISH RAILWAYS Evening Post, Volume CIII, Issue 31, 7 February 1922, Page 7
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