Talk:Charing Cross, Euston & Hampstead Railway

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[edit] Liquidation?

According to The Central Line by J Graeme Bruce and Desmond F Croomes (Capital Transport, 2006), the Central London Railway at least wasn't legally wound up till 1939. Was that the case for any of the other UERL companies? best, Sunil060902 (talk) 16:41, 29 May 2008 (UTC)

All the underground companies' assets & liabilities (including the Central Line) transferred to the London Passenger Transport Board on 1 July 1933. The CLR wasn't legally wound up until 10 March 1939, but was a shell-company residuary body, similar to RT Group's status today. — iridescent 17:00, 29 May 2008 (UTC)

Legally, the CCE&HR ceased to exist as a separate entity when the LER was created by the merger of the Bakerloo, Piccadilly and Hampstead Tubes in 1910. The LER was mentioned in the London Passenger Transport Act but not the three lines it managed. The C&SLR, CLR and MDR were all mentioned as they continued to exist as separate companies after the UERL took them over.

The formation of the residual Central Line company was handled under section 88 of the act. It was to act as a repository for all of the fractions of shares in the new London Transport Board that could not be distributed to the old company's shareholders and to enable payment of interest on a CLR deed from 1912 owing to the bank Glyn Mills & Co. which was taken over by the Royal Bank of Scotland in 1939 (and was known for a time in the 1970s as Williams and Glyn).

I took my history of the CCE&HR up to the creation of the LPTB in 1933 as the Hampstead tube name continued up to then. --DavidCane (talk) 00:28, 30 May 2008 (UTC)