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London Passenger Transport Board
The London Passenger Transport Board was the organisation responsible for local public transport in London and its environs from 1933 to 1948. In common with all London transport authorities from 1933 to 2000, the public name and brand was London Transport.
The London Passenger Transport Board (LPTB) was established pursuant to the London Passenger Transport Act 1933 enacted on 13 April 1933. The bill had been introduced by Herbert Morrison, who was Transport Minister in the Labour Government until 1931. Because the legislation was a hybrid bill it had been possible to allow it to 'roll over' into the new parliament under the incoming National Government. The new government, although dominated by Conservatives, decided to continue with the bill, with no serious changes, despite its extensive transfer of private undertakings into the public sector.[citation needed] On 1 July 1933, the LPTB came into being, covering the "London Passenger Transport Area".
The LPTB's financial structure was not the same as that of outright nationalisation, which did not occur until the London Transport Executive was established on 1 January 1948. When the LPTB was formed in 1933, the companies taken over, notably the Underground Group and Thomas Tilling's London operations, were 'bought' partially with cash and partially by the issue of interest-bearing stock – C stock – authorised by the enabling Act, which meant that those former businesses continued to earn yields from their holdings.
The LPTB had a chairman and six other members. The members were chosen jointly by five appointing trustees listed in the Act:
The Act required that the board members should be 'persons who have had wide experience, and have shown capacity, in transport, industrial, commercial or financial matters or in the conduct of public affairs and, in the case of two members, shall be persons who have had not less than six years' experience in local government within the London Passenger Transport Area."
The first chairman and vice-chairman were Lord Ashfield and Frank Pick, who had held similar positions with the Underground Group. Members of the board had a term of office of between three and seven years, and were eligible for reappointment.
Latham and Cliff became Chairman and Vice-Chairman of the successor London Transport Executive in 1947.
The London Passenger Transport Area (LPTA) had an approximate radius of 30 miles (48 km) from Charing Cross, extending beyond the boundaries of what later officially became Greater London, to Baldock in the North, Brentwood in the East, Horsham in the South and High Wycombe in the West. The LPTA had an area of 1,986 square miles (5,140 km2). The LPTA overlapped with the London Traffic Area (LTA) defined by the London Traffic Act 1924 and the part of the LPTA that was within the LTA was defined as the "special area" within which the LPTB had a monopoly of local road public transport.
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London Passenger Transport Board
The London Passenger Transport Board was the organisation responsible for local public transport in London and its environs from 1933 to 1948. In common with all London transport authorities from 1933 to 2000, the public name and brand was London Transport.
The London Passenger Transport Board (LPTB) was established pursuant to the London Passenger Transport Act 1933 enacted on 13 April 1933. The bill had been introduced by Herbert Morrison, who was Transport Minister in the Labour Government until 1931. Because the legislation was a hybrid bill it had been possible to allow it to 'roll over' into the new parliament under the incoming National Government. The new government, although dominated by Conservatives, decided to continue with the bill, with no serious changes, despite its extensive transfer of private undertakings into the public sector.[citation needed] On 1 July 1933, the LPTB came into being, covering the "London Passenger Transport Area".
The LPTB's financial structure was not the same as that of outright nationalisation, which did not occur until the London Transport Executive was established on 1 January 1948. When the LPTB was formed in 1933, the companies taken over, notably the Underground Group and Thomas Tilling's London operations, were 'bought' partially with cash and partially by the issue of interest-bearing stock – C stock – authorised by the enabling Act, which meant that those former businesses continued to earn yields from their holdings.
The LPTB had a chairman and six other members. The members were chosen jointly by five appointing trustees listed in the Act:
The Act required that the board members should be 'persons who have had wide experience, and have shown capacity, in transport, industrial, commercial or financial matters or in the conduct of public affairs and, in the case of two members, shall be persons who have had not less than six years' experience in local government within the London Passenger Transport Area."
The first chairman and vice-chairman were Lord Ashfield and Frank Pick, who had held similar positions with the Underground Group. Members of the board had a term of office of between three and seven years, and were eligible for reappointment.
Latham and Cliff became Chairman and Vice-Chairman of the successor London Transport Executive in 1947.
The London Passenger Transport Area (LPTA) had an approximate radius of 30 miles (48 km) from Charing Cross, extending beyond the boundaries of what later officially became Greater London, to Baldock in the North, Brentwood in the East, Horsham in the South and High Wycombe in the West. The LPTA had an area of 1,986 square miles (5,140 km2). The LPTA overlapped with the London Traffic Area (LTA) defined by the London Traffic Act 1924 and the part of the LPTA that was within the LTA was defined as the "special area" within which the LPTB had a monopoly of local road public transport.