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

Minutes only. Minutes of UERL Finance Committee 12 January. Cash statement. Accounts of associated companies 1914. Issue of passes to foreign companies.

Minutes only. Subjects include: 2303 - Minutes of UERL Board meeting held 4 June 1918. 2304 – London United Tramways (LUT) third reading in House of Lords. 2305 – Financial statements. 2306 – Registration work. 2307 – Documents sealed. 2308 – 6% income bonds trustees and auditors certificate. 2309 – Associated Omnibus Company purchase of first debenture stock. 2310 – Sloane Gate Hotel mortgage (Knightsbridge Superstructure) - transaction confirmed relating to change of ownership. 2311 – Small shareholders accounts – potential acquisition. 2312 – List of casualties of staff serving with the colours. 2313 – Operating results. 2314 – Date of future meetings. 2315 – Improvements Committee set up to enquire into programme of Company developments delayed due to the war.

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

Minutes only. 1922 – Minutes of UERL Board meeting held 14 April. 1923 – Minutes of UERL Finance Committee held 6 and 11 May. 1924 – Fixed deposit with Speyer Brothers: resolved to agree financial arrangements and security of tin box and keys. 1925 – Metropolitan District Railway Bill 1915 passed and London Electric Railways Companies Facilities Bill 1915 deposited. 1926 – City and South London Railway automatic signalling and installation of escalators at Stockwell station: work sanctioned. 1927 – Terms of payment to be made by the Government to the Metropolitan District Railway Company. 1928 – Extension of Bakerloo trains from Queen’s Park to Willesden. 1929 – Cash statement. 1930 – Sealing of share certificates. 1931 – Lost coupon of 6% income bond.

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. 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. 1648 – Minutes of UERL Board meeting held 24 February 1913. 1649 – Appointment of consulting electrical engineer: H F Parshall. 1650 – Central London and City and South London Railways: solicitor’s fees. 1651 – Cash statement. 1652 – Seal affixed to share certificates. 1653 – Lost coupon off 6% income bond. 1654 – Seal affixed to documents.

Minutes only. Minutes of UERL Finance Committee held 18 February 1914. Capital statement. Secretary of UERL to contact Speyer Brothers: to discuss fixed loans.

Minutes only. 2169 – Minutes of UERL Board Meeting held 9 May 1917. 2170 – Minutes of UERL Finance Committee held 5 June 1917. Resident Director report. 2171 – London General Omnibus Company (LGOC): recognition of and arbitration with London and Provincial Union of Licensed Vehicle Workers. 2172 – LGOC: payment of war bonus to wages staff. 2173 – London and Suburban Traction (LST) Company and London United Tramways (LUT): F S Price appointed as receiver. 2174 – Fares: abolition of halfpenny fares, increase of fares. 2175 – Associated Equipment Company (AEC): agreement with Ministry of Munitions for chassis manufacture, loan from Ministry of Munitions for working capital. Secretary report. 2176 – Financial statement. Cash statement. 2177 – Registration work: seal affixed to share certificates. 2178 – London Electric Railway (LER): protection gates at Charing Cross, not agreed with Ministry of Munitions.

Minutes only. 2024 – Minutes of UERL Board 10 and 24 February, annual meeting and Board 10 March. 2025 – Minutes of Finance Committee held 7 March. 2026 – War Office: settlement regarding the London General Omnibus Company’s claim. 2027 – New offices: appointment of Building Committee. 2028 – Cash statement; sealing of share certificates. 2029 – Proxy documents sealed. 2030 – Lost coupons off 6% income bonds: on S S Arabic; payments to Dominion Bank, Brown Shipley and Co, Alfred Jeffrys, Andrew Brown. 2031 – Safe custody of securities.

Minutes only. Minutes of UERL Finance Committee held 1 April 1914. Improvements for City and South London Railway and junction with London Electric Railway at Camden Town: financing details. Power house rent charge: sale of stock. Metropolitan Steam Omnibus Company: purchase by UERL. Associated Equipment Company (AEC): request for them to extend period of agreement of 23 December 1912. C S Louch to be appointed accountant to UERL.

Minutes only. 1694 - Minutes of UERL Board meeting held 16 and 17 July. 1695 – Minutes of UERL Finance Committee held 16 July. 1696 – British Westinghouse arbitration. 1697 – Agreement between London General Omnibus Company, Tillings and The London and Provincial Union of Licensed Vehicle Workers. 1698 – Purchasing Department. 1699 – Compensation: E P Grove. 1700 – Agreement with New Central Omnibus Company 1701 – Payment to widow of Joseph Carter. 1702 – Parliamentary session 1914. 1703 – Cash statement. 1704 – Loans to Associated Equipment Company 1705 – Leicester Square superstructure loan. 1706 – Piccadilly Circus superstructure loan. 1707 – Knightsbridge station superstructure loan. 1708 – Seal affixed to share certificates. 1709 – Lost coupons off 6% income bonds. 1710 - Documents sealed: Christian Ess; British Westinghouse Electric and Manufacturing Company ; Pandocheion; Jermyn Court; Fryers: William Edward Mandelick; New Central Omnibus Company. 1711 – Solicitor’s report. 1712 – Officers and staff.

Minutes only. 1756 – Minutes of UERL Board meeting held 19 February 1914 and annual and board meetings of 5 March 1914. 1757 – New Central Omnibus Company: to be put into liquidation; UERL to issue 6% income bonds and “A” 1/- shares to purchase the company. 1758 – Cash statement. 1759 – Seal affixed to share certificates. 1760 – 4 ½ % bonds of 1933. 1761 – 4% preference stock London Electric Railway (LER). 1762 – Stock Exchange quotation for LER ordinary shares of £10 each. 1763 – Meeting of joint power house rent charge stockholders. 1764 – Authority to seal documents. 1765 – Undisclosed matters affecting UERL.

Minutes only. 2286 - Minutes of UERL Board meeting held 9 April 1918. 2287 – Additional war wages – agreement on wage increase. 2288 – London United Tramways (LUT) progress in negotiations. 2289 – Financial statements. 2290 – Registration work - sealing of share certificates. 2291 – Lost coupons of 6% income bonds. 2292 – Amalgamation of Union of London and Smiths Bank and National Provincial Bank of England. 2293 – 6% income bonds reffered to solicitors for advice.

Minutes only. 1655 – Minutes of UERL Board meeting held 12 March 1913. 1656 – Cash statement. 1657 – Seal affixed to share certificates. 1658 – Deposit of Central London Railway stock. 1659 – Select committee on motor traffic. 1660 – Resignation of assistant engineer: E P Grove. 1661 – Seal affixed to documents.

Minutes only. Minutes of Finance Committee Meeting held 6 March 1917. War Bonus: payment by Metropolitan District Railway (MDR), negotiations with Tube employees, negotiations between UERL and London and Suburban Traction (LST), London United Tramways (LUT). Mr Pick, commercial manager: appointment to assist with rationing of coal supplies under controller of mines. Cash statement. Fixed deposit with Speyer Brothers. Treasury bills: acceptance of tenders, further tenders invited by Bank of England. 5% 3-year secured notes. Consulting engineer: Dalrymple Hay, appointment and payment by London Electric Railway (LER) Company. Consulting architect for light and air: D Joseph appointment and payment. Associated Equipment Company (AEC): agreement with Ministry of Munitions, 1916 chassis. Facilities Act agreement: depreciation and reserve.

Minutes only. 2022 – Election of Chairman 2023 – Managing Director’s salary: agreements authorised.

Minutes only. 2347 – Minutes of UERL Board meeting held 5 November 1918. 2348 – Leave of absence for secretary. 2349 – Increased war wage to wages staff. 2350 – Additional war bonus to administration staff. 2351 – London General Omnibus Company (LGOC) award of committee on production. 2352 – Special armistice week bonus. 2353 – Eight hour day. 2354 – Holders of 6% income bonds – Mr Sillem to wait for next dividend declaration. 2355 – London United Tramways (LUT) bill had received Royal Assent. 2356 – Associated Omnibus Company (AOC) – proposal to purchase company as 94% of shares now owned by LGOC. 2357 – Financial statements. 2358 – Documents sealed. 2359 – Registration work - sealing of share certificates. 2360 – List of casualties of staff serving with the colours.

Minutes only. 1941 – Minutes of UERL Board meeting held 16 June 1915. 1942 – Minutes of Finance Committee held 6 and 20 June 1915. 1943 – Metropolitan District Railway Bill: Royal Assent received. 1944 – London Electric Railways Companies Facilities bill: Royal Assent awaited. 1945 – War Loan applications. 1946 – War Office: cheque received. 1946a – War bonus to boys under 18. 1947 – Cash statement. 1948 – Sealing of share certificates. 1949 – Sealing of documents. 1950 – Metropolitan Railway assented stock trust deed: solicitor instructed to submit report on trustee issues. 1951 – 6% first cumulative income debenture stock. 1952 – 6% income bonds. 1953 – Date of next meeting.

Minutes only. 2133 – Election of Chairman: George Hamilton. 2134 – Minutes of UERL Board meeting held 8 and 23 February 1917. 2135 – Minutes of UERL Finance Committee held 6 March 1917. Secretary report: 2136 – Financial statement. Cash statement. 2137 – Registration work. Seal affixed to share certificates. 2138 – Documents sealed. 2139 – Fixed deposit with Speyer Brothers. 2140 – Petrol supplies for London General Omnibus Company (LGOC). 2141 – Appointment of W B Gentle as Director of LGOC.

Minutes only. 1775 – Minutes of UERL Finance Committee held 15 April 1914: documents to be prepared. 1776 – Agreement with London Electric Railway (LER) and City and South London Railway (C&SL): sale of debenture stock to UERL. 1777 - £700,000 4 ½ % three year secured stock to be created; trust deed with Union of London and Smiths Bank; sale of said stock.

Minutes only. Cash statement. Fixed deposit with Speyer Brothers. Estimated earnings 1916.

Minutes only. Minutes of the UERL Finance Committee held 11 December 1917. Financial statement. Speyer Brothers Contango account. Coupons off 4½% bonds and 6% income bonds. Increased war wages for wages staff except shops and clerical staff. London United Tramways (LUT) – report by Mr Acworth and Mr Vernet relating to debenture stockholders committee. Parliamentary bills – London Electric Railway (LER) relating to extension of Edgware and Hampstead Railway to Hendon. City and South London Railway (C&SL) bill not deposited. Lots Road power house depreciation fund – proposed change to trustees. Consolidation of tube railway accounts and establishment of common fund (excluding Metropolitan District Railway MDR)

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. 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. 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. 2225 – Minutes of the UERLheld 7 November 1917. 2226 – Minutes of the UERL Finance Committee held 11 December 1917. 2227 – Increased war wage for wages staff except shops and clerical staff. 2228 – London United Tramways (LUT) - report by Mr Acworth and Mr Vernet relating to debenture stockholders committee. 2229 – London General Omnibus Company (LGOC) and Home Office. 2230 – Parliamentary bills – London Electric Railway (LER) relating to extension of Edgware and Hampstead Railway to Hendon. City and South London Railway (C&SL) bill not deposited. 2231 – Consolidation of tube railway accounts and establishment of common fund excluding Metropolitan District Railway (MDR). 2232 – Financial statements. 2233 – Speyer Brothers Contango account. 2234 - Coupons off 4½% bonds and 6% income bonds. 2235 – Registration work. 2236 – Lots Road power house depreciation fund - proposed change to trustees.

Minutes only. 2017 – Draft report balance sheet and revenue account. 2018 – 6% first cumulative income debenture stock: payment of interest to be made and duly advertised. 2019 – 6% income bonds: payment of interest to be made and duly advertised. 2020 – Safe custody of securities: all to be lodged with Union of London and Smiths Bank. 2021 – Advances from London General Omnibus Company: further security to be lodged.

Minutes only. 2142 – Minutes of UERL Annual and Board meetings held 9 March 1917. 2143 – Issue of 5% 3-year secured notes, retirement of 4½ 3-year secured notes, trust deed approval, agreement with Union of London and Smiths bank, scrip approval.

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. 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. Cash statement. Central London Railway Debenture issue: arrangements for stock to be sold through Mr Vernet’s firm. Parliamentary: progress of bills. War Office compensation claim for use of vehicles. Superannuation: anomalies.

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.