RAILWAY AMALGAMATION.
ENGLISH COMPANIES MERGE.
lElec. Tel. Copyright—United Press Assn) and N.Z. Cable Association.!
(Received Feb. 7, 9.40 a..m) LONDON, Feb. 6. • The Manchester Guardian announces that the London and North-western Railway Company is taking over the Midland railway. The headquarters of tho combined concern is to remain at Eust on. The Railway Act, 1921, ,grouped both- companies with- the Lan-.-, . [cashire -and )YorkslpreV ; Staffordshire’ arid!"Euimess-railways^ (Scottish lines, j Apparently tHe~!Se6ttiil# ,rs V ’companies ’will - form their own ’ grodj), -- as the Act? provides for variation, with I Parliamentary sanction, -before' January, .1921. In default of the constituent companies of: eacli group . submittingan agreed upon amalgamation ''scheme,-' an amalgamation tribunal, provided" under tho Act, will prepare such a scheme. The London and North-western took over the Lancashire and Yorkshire line for administrative purposes in 1921, and tlie financial absorption has- now been completed. The nominal capital of the new combination amounts to 410 millions sterling, and the mileage is 14,122.
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Bibliographic details
Poverty Bay Herald, Volume XLVIII, Issue 15743, 7 February 1922, Page 3
Word Count
159RAILWAY AMALGAMATION. Poverty Bay Herald, Volume XLVIII, Issue 15743, 7 February 1922, Page 3
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