Underground Electric Railways Company of London (UERL) Board Minute Book 3

Minutes only. 2402 – Election of Chairman - Rt Hon Lord George Hamilton. 2403 – Election of Deputy Chairman - Mr H A Vernet.

Minutes only. 2050 – Minutes of UERL Board meeting held 7 June 1916. 2051 – Minutes of Finance Committee held 19 July 1916. Managing Director reports. 2052 – Staff superannuation: proposals for staff of London Electric Railway, Central London Railway (CLR), City and South London Railway (C&SLR). 2053 – C&SLR: enlargement of tunnels. 2054 – Financial statements. Cash statements: drawing of cheques, Capital statement. 2055 – Associated Equipment Company: application for 6% cumulative preference shares. 2056 – Fixed deposit with Speyer Brothers. 2057 – Registration work: seal affixed to share certificates. 2058 – Documents sealed: proxy for extraordinary general meeting of Associated Equipment Company (AEC). 2059 – Lost coupon off 4½ % bond. 2060 – CLR Guaranteed assented stock: death of Earl St Aldwyn, replacement as Director by Walter R Lawrence. 2061 – Trust deed relating to Metropolitan District Railway assented preference stock and death of Charles Dalrymple. 2062 – Operating results. 2063 – 6% first cumulative income debenture stock: payment of interest. 2064 – 6% income bonds: payment of interest. 2065 – Date of next meeting.

Minutes only. Minutes of UERL Finance Committee held 6 May. Cash statement. Loan to Speyer Brothers: report approved and recommendations made to the respective companies. Company funds for investment. Compensation payable by the Government. Proposed visit to America postponed. Rumour of attempt to blow up tunnels.

Minutes only. Minutes of the UERL Finance Committee held 4 December 1913. Cancellation of option in agreement 7th April 1908. Payment of dividends of preference stock of City and South London Railway (C&SL).

Minutes only. 2416 – Minutes of UERL Board meeting held 8 April 1919 and Special Board meeting held 30 May 1919. 2417 – London United Tramways (LUT), scheme of reorganisation and reconstruction. 2418 – London Electric Railway and City and South London Bills in Parliament Session 1919 - debenture stock objections; booking clerks joining the superannuation fund. 2419 – London County Tramways and Improvements bill – rejected by Parliament’s Standing Orders Committee. 2420 – Select Committee on London Traffic – officers of the companies to give evidence. 2421 – Use of Government lorries for passenger conveyance – to relieve congestion caused by overcrowding. 2422 – Office building, architects – appointment of firm proposed. 2423 – Staff serving with the colours, enlistments and discharges, Underground Group of companies – report of casualties and discharges. 2424 – TOT victory celebrations – suggested official welcome to those returning from the war. 2425 – Death of Mr W E Blake, superintendent of the line railways – following an accident, died of blood poisoning. 2426 – Financial statements. 2427 – Registration work – sealing of share certificates. 2428 – Documents sealed – seal affixed to 3 documents. 2429 – Election of Mr James Devonshire as a Director.

Minutes only. Minutes of UERL Finance Committee held 15 June. Cash statement. New war loan: prospectuses for 1925-28 and 1925-1945 and report on holding of consols and their conversion into war loans. War Office: to be asked to convert payment into war loan. Parliamentary bills.

Minutes only. 1872 – Minutes of UERL Board meeting held 11 November 1914. 1873 – Donation to “Daily Chronicle” Christmas gifts for troops. 1874 – Parliamentary bill: notice regarding Metropolitan District Railway bill inserted in papers. 1875 – Cash statement. 1876 – Agreement for loan between UERL and Associated Equipment Company and agreement for advances by UERL to London General Omnibus Company. 1877 – Arrangements for investments of available cash for London Electric Railway and City and South London Railway. 1878 – Seal affixed to share certificates. 1879 – Authority to seal documents. 1880 – Decision that District Company as freeholder of office buildings should own all the furniture and lease it to associated companies. 1881 – Opening of Queens Park extension.

Minutes only. 1905 – Draft report balance sheet and revenue account. 1906 – 6% first cumulative income debenture stock: certificate received from UERL auditors Deloitte Plender Griffiths and Company (DPG). 1907 – 6% income bonds: certificate received from DPG.

Minutes only. Minutes of Finance Committee held 8 February. Cash statement: sub-committee appointed to give special attention to financial affairs of the companies. London County Council: competitive traffic of trams and buses. Payment in New York and Amsterdam of coupons off 4½% bonds and 6% income bonds: payment conditions in the light of the war. Sluice gates at Charing Cross: Sir John Wolfe Barry and electrically operated sluice gates. Insurance against aircraft and fire. Papers to report Chairmen’s speeches at annual meetings. Safe custody of securities: all to be kept at Union of London and Smiths Bank.

Minutes only. 1740 – Minutes of the UERL Board meeting held 10 December 1913 and Special Board held 3 February 1914. 1741 – Minutes of UERL Finance Committee held 10 December 1913 and 3 February 1914. 1742 – Statement of financial results of all companies: announcement to Press and Stock Exchange that dividends on 6% debenture stock and income bonds. 1743 – Date of annual meeting 1744 –Purchase of Central London Railway: no further applications to be allowed. 1745 – Free passes for staff. 1746 – Sale of London Electric Railway 4% debenture stock. 1747 – Alteration to memorandum and articles of association: to convert UERL into a trust company. 1748 – Proposed issue of £250,000 power house rent charge stock. 1749 – Appointment of two new members to Finance Committee: Rt Hon Lord Farrer and Rt Hon C B Stuart Wortley.

Minutes only. 2117 – Minutes of UERL Board meeting held 10 January 1917. 2118 – Secretary report. Financial statements. Cash statement. 2119 – Registration work: seal affixed to share certificates. 2120 – Documents sealed. 2121 – 5% war loan: conversion of Treasury Bills for Central London Railway (CLR) and London General Omnibus Company (LGOC). 2122 – Bills in Parliament 2017: solicitors’ report. 2123 – Associated Equipment Company (AEC): appointment of G Watson as Director. 2124 – Staff superannuation fund: indemnity for CLR Directors. 2125 – Depreciation and reserve under Facilities Act agreement. 2126 – Report of auditors to common fund. 2127 – Draft report and accounts for year to 31 December 2017. 2128 – Dividend payment: communication to Stock Exchange and press.

Minutes only. London Electric Railway Companies Facilities Act 1915 agreement.

Minutes only. 2129 – Draft report balance sheet and revenue account. 2130 – Payment of interest on 6% first cumulative income debenture stock, cheque preparation, advertising, payment by Union of London and Smiths Bank. 2131 – 6% income bonds; payment of interest and advertising. 2132 – Three year secured notes.

Minutes only. 1843 – Minutes of UERL Board meetings held 23 July and 10 August 1914. 1844 – Buses and lorries loaned and sold to Government from London General Omnibus Company. 1845 – Report on new works authorised. 1846 – TO T mutual aid fund: finances and welfare of dependents of staff called up for war service. 1847 – Payment of salaries to officers and staff called up for war service. 1848 – Closure of City and South London Railway and London Electric Railway surface stations at Euston: passengers to use London and North Western Railway Company (LNW) main line interchange station. 1849 – Appointment of United States Metal and Manufacturing Company as purchasing agents for the associated companies. 1850 – Cash statement. 1851 – Seal affixed to share certificates. 1852 – Documents sealed. 1853 – Advance to Union Surplus Lands Company of £1000. 1854 – Loan to Brush Electrical Engineering Company against their contract with the Central London Railway for rolling stock. 1855 - Sloane Gate Hotel mortgage (Kightsbridge superstructure). 1856 – Delissa Joseph appointed architect for any new general office buildings. 1857 – Three year secured notes with London and Smiths Bank. 1858 – Interest on Wabash Railroad receivers certificates paid to UERL in New York.

Minutes only. Minutes of UERL Finance Committee held 11 and 20 December 1916. Cash statement. Annual accounts preliminary figures. London United Tramways (LUT) finance. Staff superannuation fund: sealing of trust deed, payment for back service to staff, payment of members’ contributions, nomination of company's representatives.

Minutes only. Minutes of the UERL Finance Committee held 8 January 1918. Financial statement. London United Tramways (LUT) – London and Suburban traction and debenture stockholders committee. London General Omnibus Company (LGOC) and Home Office – progress on negotiations. Coupons off 4½% bonds and 6% income bonds. Lots Road power house depreciation fund – change of trustees approved. Emergency committees – cancellation of permanent standing committees and formation of Special Finance Committee. Consolidation of tube railway accounts. Compensation reserves – changes to abnormal expenditure for passengers and workmen. Half yearly accounts.

Minutes only. – Minutes of UERL Special Finance Committee held 15 April 1914. – City and South London: repayment of loans with Martin’s Bank; investment of balance with Martin’s Bank and Speyer Brothers. – London Electric Railway: investment with Speyer Brothers. – Cash statement.

Minutes only. 1618 - Minutes of UERL Board meeting held 11 December 1912 and 23 December 1912. 1619 – Cash statement. 1620 – Registration work - seal affixed to share certificates. 1621 – Bills in Parliament 1913. 1622 – Company’s claim on Yerkes estate. 1623 – Exchange of securities on City and South London Railway stock. 1624 – Extension of stock deposits for Central London Railway (CLR). 1625 – Resignation of Directors. 1626 – Election of Director – Charles B Stuart Wortley. 1627 – Election of Director – William M Acworth. 1628 – Draft report, balance sheet and revenue account. 1629 – 6% first cumulative income debenture stock. 1630 – 6% income bonds. 1631 – Payment made to Albert H Stanley for extraordinary services. 1632 – Congratulations to Chairman Sir Edgar Speyer for management of finance and operations. 1633 – Date of next meeting.

Minutes only. 2000 – Minutes of UERL Board meeting held 12 January. 2001 – Extension of head office building. 2002 – Capital held in foreign countries. 2003 – Appointment and payment of auditors to common fund: joint auditors appointed. 2004 – Agreement with C H Merz as consulting engineer: notice to terminate agreement be given in due course. 2005 – Agreement with London and Provincial Union of Licensed Vehicle Workers: wartime employment and wages. 2006 – Cash statement. 2007 – Sealing of share certificates. 2008 – Absence of W C Burton. 2009 - Lost coupons off 6% income bonds: Hesperian. 2010 – Advances from London General Omnibus Company and Associated Equipment Company. 2011 – Allocation of joint salaries and office expenses. 2012 – Amount to be set aside for depreciation and reserve under Facilities Act agreement. 2013 – Report of auditors to the common fund. 2014 – Draft report and accounts. 2015 – Preliminary notice to press relating to dividends.

Minutes only. 2159 – Minutes of UERL Board meeting held 18 April 1917. Resident Director report. 2160 – War Bonus payment: administrative staff railways and omnibuses, male and female. 2161 – War Bonus payment: wages staff railways, male and female. 2162 – War Bonus payment: wages staff, London General Omnibus Company (LGOC), arbitration with London and Provincial Union of Licensed Vehicle Workers. 2163 – Negotiations with London and Suburban Traction (LST) Company and London United Tramways (LUT) application for appointment of receiver. 2164 – Fares: increase by 15% and war surcharge. Secretary report. 2165 – Financial statement. Cash statement. 2166 – Treasury bills. 2167 – Registration work. Seal affixed to share certificates. 2168 – Lost coupons off 4½% bonds: from SS Arabic.

Minutes only. 1726 – Minutes of UERL Board meeting held 12 November 1913. 1727 – Minutes of UERL Finance Committee held 12 November and 4 December 1913. 1728 – Cancellation of option in agreement dated 7 April 1908. 1729 – Sale of 4 ½ % bonds of 1933. 1730 – Purchase of London Electric Railway (LER) preference stock. 1731 – Central London and City and South London Railways: expenses statement. 1732 – Sale of further 4 ½ % bonds of 1933. 1733 – Power house aale account: bonds redeemed; cash statement. 1734 – Seal affixed to share certificates. 1735 – Authority to seal documents. 1736 – Dates for future meetings. 1737 – Leave of absence for secretary in January.

Minutes only. 1830 – Payment of interest on 6% income stock and coupon No 13. 1831 – Free transportation on railways and omnibuses of soldiers and sailors in uniform approved. 1832 – War Office notice: government taken over Metropolitan District Railway (MDR) under Regulation of Forces Act 1871. 1833 – Compensation for takeover. 1834 – Statement of number of omnibuses and lorries suppled to Government. 1835 – Effect of war on railways and omnibuses. 1836 – Number of employees called up for service: arrangements to replace them. 1837 – Payment of wages to officers and salaried employees called up. 1838 – Scheme of relief for dependents of non salaried employees called up. 1839 – Prince of Wales’ appeal for National Relief Fund: refused. 1840 – New construction work actions. 1841 – Traffic receipts. 1842 – Publication of traffic receipts: to be discontinued for present.

Minutes only. 1808 – Minutes of UERL Board meeting held 17 June 1914 1809 – Minutes of UERL Finance Committee held 17 June, 10 July and 15 July 1914. 1810 – National Institute for the Blind, C A Pearson: request agreed that one blind person accompanied by a guide would be charged a single fare. 1811 – Metropolitan and Great Northern Railway bill withdrawn. 1812 – London Electric and Central London Railway bills received Royal Assent. 1813 – Middlesex County Council (Western Road) bill passed House of Lords committee: charge of 3/8d per mile by omnibuses retained. 1814 – Wimbledon and Sutton Railway: request for costs of construction and traffic use; fees payable to J G White and Company. 1815 – Improvements on tube railways: due to unsatisfactory state of money market only specified works to be commenced. 1816 – Mr Iden, London General Omnibus Company, Associated Equipment Company (AEC): Mr Iden to receive fixed salary and commission; works manager and assistant works manager of AEC to receive commission. 1817 – Fire precautions at garages: experiment with “grinnell” sprinkler system. 1818 – Advertising London General Omnibus Company on tube railways: scheme prepared. 1819 – Solicitors fees due to Bircham and Company: amount to be agreed for work for recent acquisition of Omnibus company and tube railway company. 1820 – Cash statement. 1821 – Seal affixed to share certificates. 1822 – Documents sealed. 1823 – Lost coupon: duplicate coupon of 6% income bond No 9 to be issued to Miss M Johnson. 1824 – Guarantee by UERL in 1910 for loan to London United Tramways: UERL released from Guarantee. 1825 – Alteration to memorandum and articles of association: court order on 21 July 1914 sanctioning same. 1826 – Union Surplus Lands Company (USL): registered as company and contract for sale of surplus lands of UERL. 1827 – 6% first cumulative income debenture stock: arrangements for payment of interest for half year ended 30 June 1914. 1828 – 6% income bonds: arrangements for payment of interest for half year ended 30 June 1914. 1829 – Date for future meeting.

Minutes only. 1777a – Minutes of UERL Board meeting held 1 April 1914 and Special Board 28 April 1914. 1778 – Minutes of UERL Finance Committee held 15 and 28 April 1914. 1779 – Charter submitted by employees of the London General Omnibus Company (LGOC) for improved conditions: deputation to be met. 1780 – Charter submitted by employees of the City and South London Company (C&SL) for improved conditions: deputation to be met. 1781 – C&SL improvements: working drawings prepared. 1782 – Connection between Camden Town and Euston: tenders to be issued. 1783 – New Rolling Stock for C&SL: negotiations with Metropolitan Carriage Wagon and Finance Company. 1784 – Sale of Metropolitan Steam Omnibus Company and New Central Omnibus Company to London General Omnibus Company. 1785 – Associated Equipment Company: Mr Newstead appointed purchasing agent. 1786 – Middlesex County Council Bill: charge for using new road from Chiswick to Hounslow. 1787 – Cash statement. 1788 – Financial statement: 4 ½ % 3 year notes. 1789 – Seal affixed to share certificates. 1790 – Authority to seal documents. 1791 – Lost coupon off 6% income bond: duplicate issued for Mrs E M Irvine. 1792 – Lease of 1st floor Russell Street station. 1793 – Accountant: C S Louch appointed accountant to Company; G Eland appointed assistant accountant. 1794 – New Central Omnibus Company (In liquidation): delivery of 6% income bonds to liquidator.

Minutes only. 1795 - Minutes of UERL Board meeting held 13 May 1914. 1796 - Minutes of UERL Finance Committee held 13 May 1914 1797 - Charter by employees of London General Omnibus Company: result of meeting with union leaders. 1798 - Charter by employees of City and South London Railway: result of meeting with representatives. 1799 – Metropolitan and Great Northern Railway bill: progress. 1800 – London School of Economics: request for contribution to funds refused. 1801 – New offices at Broadway: no longer proceeding. 1802 – Extraordinary general meeting on 15 June: resolution to alter memorandum and articles of association. 1803 – Cash statement. 1804 – Seal affixed to share certificates. 1805 – Edgware and Hampstead Railway parliamentary deposits: W E Mandelick appointed to have deposits transferred to him. 1806 – New Central Omnibus Company: bond of indemnity for liquidator. 1807 – Authority to seal documents.

Minutes only. Minutes of UERL Board meeting held 6 June 1917. Minutes of UERL Finance Committee held 17 July 1917. 2181 – Resident Director report. Air raids, police assistance with crowding on tube staircases. 2182 – London United Tramways (LUT) negotiations. 2183 – London General Omnibus Company (LGOC): abolition of halfpenny fares. Railways: fare increases, ticket supply. 2184 – LGOC: agreement with London and Provincial Union of Licensed Vehicle Workers. Secretary report. 2185 – Financial statement. Cash statement. 2186 – Treasury bills. 2187 – Registration work Seal affixed to share certificates. 2188 – Documents sealed. 2189 – Lost coupons off 6% income bonds: due to SS Mecklenburg striking a mine. 2190 – Operating results: allied companies. 2191 – Dates for future meetings.

Minutes only. Increase of advance from UERL to London United Tramways (LUT), debenture issue.

Minutes only. 2237 – Minutes of UERL Board meeting held 12 December 1917. 2238 – Minutes of the UERL Finance Committee held 8 January 1918. 2239 – London United Tramways (LUT) discussions. 2240 – London General Omnibus Company (LGOC) and Home Office. 2241 – Season ticket fares – permission to increase rates declined by Board of Trade. 2242 – Compensation Reserves - changes to abnormal expenditure for passengers and workmen. 2243 – Financial statements. 2244 - Coupons off 4½% bonds and 6% income bonds. 2245 – Registration work – sealing of share certificates. 2246 – Document sealed – impression of Company’s seal for the Bank of England relating to transfer of 5% war stock from LGOC. 2247 – Lots Road power house depreciation fund. 2248 – Abolition of office of assistant secretary in New York. 2249 – Consolidation of tube railway accounts. 2250 – Emergency committees - cancellation of permanent standing committees and formation of Special Finance Committee.

Minutes only. 1882 – Minutes of UERL Board 9 December 1914. 1883 – Minutes of Finance Committee 9 December 1914. 1884 – Opening of Queen’s Park extension. 1885 – Parliamentary bills. 1886 – Organisation: new scheme submitted. 1887 – Air raids. 1888 – Cash statement. 1889 – Sealing of share certificates. 1890 – Sealing of documents: New Central Omnibus Company; Metropolitan Steam Omnibus Company; Union Surplus Lands Company. 1891 – Lost coupons off 6% income bond: Herzog and Glazier of New York.

Minutes only. Minutes of the UERL Special Finance Committee held 30 January 1918. Operating results of all companies for the year ended 31 December 1917. Fixed deposit of the London General Omnibus Company (LGOC) with Speyer Brothers. Agreement with Mr Iden, late chief engineer of LGOC and general manager of the Associated Equipment Company (AEC).

Minutes only. Minutes of UERL Finance Committee held 9 November 1917. Financial statement: cash statement. Fixed deposit with Speyer Brothers: offer of repayment to London General Omnibus Company (LGOC). Associated Equipment Company (AEC): sale of 3½% war loan stock. War bonus payment to administrative staff. LGOC: war bonus increase, awarded by committee on production. London United Tramways(LUT): negotiations between board of Directors and committee of debenture holders, preparation of bill in Parliament. LGOC and Home Office. Retainers to counsel: withdrawal of general retainers. London Electric Railway (LER) Bill in Parliament: extension to Edgware, interest increase on debenture and preference stocks. Dates for future meetings.

Minutes only. Minutes of UERL Finance Committee held 19 July 1916. Minutes of UERL Finance Committee held 6 June 1916. Minutes of Finance Sub-Committee held 16 and 25 June and 7 July. 1 – Associated Equipment Company (AEC) finance Issue of preference shares, offer to London General Omnibus Company (LGOC) and UERL. 2 – Lots Road power house depreciation fund: holding of treasury bills, authorisation by Metropolitan District Railway (MDR) and London Electric Railway (LER). Cash statement. Operating results. Staff superannuation; staff of LER and City and South London Railway (C&SLR). Enlargement of tunnels: C&SLR Fixed deposit with Speyer Brothers: UERL, LER, C&SLR, LGOC. AEC: order for chassis for Russian government.

Minutes only. 2085 – Minutes of UERL Board meeting held 11 October 1916. 2086 – Managing Director report: war bonus to craftsmen employed in railway shops. 2087 – War bonus to inspectors, foremen etc on railways. 2088 – Queen's Park extension: trial running of trains to Watford. Secretary report. 2088 – Arrangements with Premier Omnibus Company and Allen Omnibus Company: running motor omnibuses in London. 2090 – Financial statements. Cash statement. 2091 – Registration work. Seal attached to share certificates. 2092 – Document sealed: transfer of Associated Equpment Company (AEC) shares to W C Burton. 2093 – Fixed deposit with Speyer Brothers. 2094 – Coupon cash account: transmission of money abroad. 2095 – Dates of meetings for 1917.

Minutes only. 2266 – Election of Chairman: Rt Hon Lord George Hamilton elected. 2267 – Election of Director: Rt Hon Lord Southborough elected. 2268 – National Transport Workers Federation: pay increase. 2269 – Financial statements. 2270 – Registration work - sealing of share certificates. 2271 – Documents sealed. 2272 – Sum to be set aside for depreciation and reserve under Facilities Act agreement. 2273 – Associated Omnibus Company (AOC) – London General Omnibus Company (LGOC) purchase shares of AOC.