Underground Electric Railways Company of London (UERL) Board Minute Book 6

Minutes only. Subjects include: 4015 – Minutes of UERL Board meetings held 2 and 23 October 1930. 4016 – Finance: loan from London General Omnibus Company (LGOC). Provision of further finance for London United Tramways by acquisition of shares in North Metropolitan Electric Power Supply Company. Consideration of putting London and Suburban Traction Company into liquidation. 4017 – Issue of £2,000,000 5% first mortgage debenture stock. 4018 – Acquisition of shares in Associated Equipment Company (AEC). 4019 – Estimated financial results and general statistics. 4020 - Cash statement. 4021 – Traffic statements. 4022 – Documents sealed. 4023 - Watford and Edgware railway expenses. 4024 – Dates and times of board and annual meetings in 1931.

Minutes only. Subjects include: 3534 – Apologies for absence. 3535 – London Traffic – Common Management: proposals approved that a common fund and common management be instituted for review of London traffic. 3536 – Independent omnibus undertakings: recent offer by London General Omnibus Company (LGOC) not accepted.

Minutes only. Subjects include: 4066 – Apologies for absence. 4067 – London Passenger Transport Bill: proposals not acceptable to the Company so letter to be sent to the Minister of Transport submitting Directors’ views.

Minutes only. Subjects include: 4081 – Minutes of UERL Board meeting held 2 April 1931 and Special Board held 23 April 1931. 4082 – Apologies for absence. 4083 - London Passenger Transport Bill: meetings for stock holders and shareholders. Discussions held about creation of pool of earnings with main line railway companies: formula for the division of this pool is under consideration. 4084 – Middlesex County Council – lease of light railways to the Metropolitan Electric Railways. 4085 - Estimated financial results and general statistics. 4086 - Cash statement. 4087 – Traffic statistics. 4088 – Documents sealed.

Minutes only. Subjects include: 3448 - Minutes of UERL Board meeting held 3 June 1926. 3449 – Apologies for absence. 3450 – Reconstruction of capital. 3451 – London General Omnibus Company (LGOC) – finance. 3452 - Associated Equipment Company (AEC) and Daimler Company: Associated Daimler Company constituted and how profits will be divided. 3453 – Opening of Morden extension – City and South London Railway (C&SLR): due to General Strike, opening delayed until August. 3454 - Cash statement. 3455 – Loan from National Provincial Bank. 3456 - Capital statement. 3457 – Interim accounts to 30 June 2026: six months’ statement and rates of dividends. 3458 – 6% first cumulative income debenture stock and 6% income bonds: provisional certificate from auditors and interest to be paid and advertised. 3459 - Traffic receipts. 3460 – Documents sealed. 3461 – Date of next meeting.

Minutes only. Subjects include: 3764 – Minutes of UERL Board meeting held 6 December 1928. 3765 – Apologies for absence. 3766 – Coordination of London traffic: Parliament to decide on ultimate form of two bills deposited by London Electric Railway Company (LER) and London County Council (LCC). 3767 - Estimated financial results and general statistics. 3768 - Cash statement. 3769 - Capital statement. 3770 – Traffic: increase in passengers. 3771 – Documents sealed. 3772 – 5% first mortgage debenture stock. 3773 – Exchange of income bonds for ordinary shares. 3762 - Income bonds deposited and ordinary shares allotted. 3774 – Confirmation that Fidelity Insurance policy is not to be renewed. 3775 – Date of board for declaration of dividends and Annual Meetings. 3776 – North Metropolitan Electric Power Supply Company: allotment of ordinary shares and acquisition of shares from London and Suburban Traction Company and Metropolitan Electric Tramways.

Minutes only. Subjects include: 4058 – Minutes of UERL Board meeting held 12 February 1931. 4059 – Apologies for absence. 4060 – Coordination of London traffic. 4061 – Election of Chairman: Right Honourable Lord Ashfield. 4062 – Election of Deputy Chairman: H A Vernet. 4063 - Estimated financial results and general statistics. 4064 - Cash statement. 4065 – Documents sealed.

Minutes only. Subjects include: 4310 - Liquidation of Company: discussion of circular letter to shareholders. Termination of agreement with Lord Ashfield as Chairman and Managing Director and agreed commuted value of his pension.

Minutes only. Subjects include: 3958 – Minutes of UERL Board meeting held 3 April 1930. 3959 – Apologies for absence. 3960 – Programme of new works letter from His Majesty’s Treasury on application for grants. 3961 – Finance of subsidiary companies: action taken by London General Omnibus Company (LGOC), Metropolitan District Railway (MDR)and London Electric Railway (LER) to increase capital. 3962 – Estimated financial results and general statistics. 3963 - Cash statement. 3964 – Documents sealed. 3965 - Issue of £750,000 5% first mortgage debenture stock. 3966 – Exchange of income bonds for ordinary shares.

Minutes only. Subjects include: Apologies for absence. 4300 – Lord Ashfield invited to be first Chairman of the London Passenger Transport Board. Details of pay, compensation for loss of office and pension rights to be recommended to shareholders.

Minutes only. 3945 - 5% first mortgage debenture stock: negotiations between the Company and Baring Brothers for purchase of stock.

Minutes only. Subjects include: 3476 – Reorganisation of the capital of the company.

Minutes only. Subjects include: 3908 – Minutes of UERL Board meeting held 5 December 1930. 3909 – Apologies for absence. 3910 – Extensions of London Electric Railway (LER) schemes of improvement and government proposals for coordination of London traffic. 3911 – New railway to Ilford: costs. 3912 – Election of Managing Director: Frank Pick. 3913 - London and Suburban Traction Company and associated companies: stocks acquired. 3914 – Companies Act 1929: directors to receive monthly list of principal contracts so that interests may be declared. 3915 – Metropolitan Electric Tramways and the Middlesex County Council – Lease of light railways. 3916 - Estimated financial results and general statistics. 3917 - Cash statement. 3918 – Loan from the London General Omnibus Company. 3919 - Capital statement. 3920 – Documents sealed. 3921 – 5% first mortgage debenture stock. 3922 – Exchange of income bonds for ordinary shares. 3923 – Annual General Meeting: date set.

Minutes only. Subjects include: 3377 – Draft report, balance sheet and revenue account. 3378 – 6% first cumulative income debenture stock and 6% income bonds: interest to be paid. 3379 – Reorganisation of capital of company: principal shareholders to be consulted.

Minutes only. Subjects include: 3400 - Minutes of UERL Board meetings held 4, 11 and 29 March 1926. (Meeting was held 30 March) 3401 – Apologies for absence. 3402 – Independent omnibus undertakings: further arrangements made with London General Omnibus Company (LGOC). 3403 – Provisional monthly results. 3404 - Cash statement. 3405 – Renewal of loan from National Provincial Bank. 3406 – Associated Equipment Company (AEC) loan from National Provincial Bank: arranged for three months. 3407 - Capital statement. 3408 – Reconstruction of the capital of the company: scheme prepared and mission of Sir Robert Horne to New York with Gordon Leith. 3409 - Traffic receipts. 3410 – Staff matters: new agreement with drivers of LGOC for two years. 3411 – Parliamentary – London Electric Railway (LER) and Metropolitan District Railway (MDR) Companies Bill – Session 1926. 3412 – Documents sealed.

Minutes only. Subjects include: 4245 – Minutes of UERL Board meeting held 3 November 1932. 4246 – Apologies for absence. 4247 – Estimated financial results and general statistics. 4248 - Cash statement. 4249 - Traffic statistics. 4250 – Documents sealed. 4251 – Dates and times of Board and Annual Meetings in 1933.

Minutes only. Subjects include: 3834 – Minutes of UERL Board meeting held 2 May 1929. 3835 – Apologies for absence. 3836 - London Electric Railway Companies (LER) and London County Council (LCC) (Coordination of London Traffic) bills. 3837 – Resignation of E R Peacock as a Director. 3838 – Election of Evelyn Baring as a Director. 3839 – Purchase of shares – East Surrey Traction Company. 3840 - London General Omnibus Company (LGOC): order placed with Associated Equipment Company (AEC) for salon coaches to replace “K” type and “S” omnibuses. 3841 - Estimated financial results and general statistics. 3842 - Cash statement. 3843 - Capital statement. 3844 – Documents sealed. 3845 – London and Suburban Traction Company 5% debenture stock. 3846 - Metropolitan Electric Tramways 4½ debenture stock and 5% debenture stock. 3847 - 5% first mortgage debenture stock. 3848 – Exchange of income bonds for ordinary shares. 3849 - Lost coupon off 6% income bonds: value to be paid by cheque.

Minutes only. Subjects include: 4097 – Minutes of UERL Board meeting held 4 June 1931. 4098 - London Passenger Transport Bill: report on position. Meetings to be held of 5% first mortgage debenture stockholders and Central London Railway assented stockholders. 4099 – Interim accounts to 30 June 1931. 4100 – Interest on 6% first cumulative income debenture stock. 4101 – Interim dividend on ordinary shares: interim dividend declared. 4102 - Closing of books. 4103 - Estimated financial results and general statistics. 4104 - Cash statement. 4105 – Traffic statistics. 4106 – Documents sealed. 4107 – Date of next board meeting.

Minutes only. Subjects include: 3777 - Minutes of UERL Board meeting held 3 January 1929. 3778 – Apologies for absence. 3779 – Associated acceptances incorporated and will apply for allotment of shares. 3780 – Retirement of executive officers appointed to board of Directors: conditions of salary, superannuation and endowment funds. 3781 – London and Suburban Traction Company: Sir James Devonshire to retire as Managing Director of North Metropolitan Electric Power Supply Company and become Deputy Chairman. 3782 – Coordination of London traffic: two bills deposited likely to face opposition. 3783 – Operating results. 3784 – Preliminary notice to the Stock Exchange and to the press: dividends. 3785 – Date of future Special Board meeting. 3786 – Traffic statistics. 3787 - Estimated financial results. 3788 - Cash statement. 3789 - Capital statement. 3790 – Documents sealed. 3791 – 5% first mortgage debenture stock. 3792 – Exchange of income bonds for ordinary shares. 3793 - Lost coupons off 6% income bonds: value to be paid by cheque.

Minutes only. Subjects include: 3537 - Minutes of UERL Board Annual Meeting held 15 March 1927, Extraordinary General Meeting held 31 March 1927 and Boards held 24 February and 3, 15 and 31 March 1927. 3538 – Apologies for absence. 3539 – Provisional monthly results. 3540 - Cash statement. 3541 - Loan from National Provincial Bank renew. 3542 - Capital statement. 3543 - Traffic receipts. 3544 – Documents sealed. 3545 – Lost coupon off 6% Income bond: value of coupons to be paid by cheque.

Minutes only. Subjects include: 3486 – Minutes of UERL Board meeting held 4 November 1926. 3487 - Apologies for absence. 3488 – Reconstruction of capital – progress made with issue of certificates and allotment of shares. 3489 – Provisional monthly results. 3490 - Cash statement. 3491 – Loan from National Provincial Bank. 3492 - Capital statement. 3493 - Traffic receipts. 3494 – Documents sealed.

Minutes only. Subjects include: 3462 – Minutes of UERL Board meeting held 1 July 1926. 3463 - Apologies for absence. 3464 – Death of Z E Knapp. 3465 – Reconstruction of capital account: petition presented to Court and closing of transfer books approved. 3466 – Morden extension – City and South London Railway (C&SLR): opening and inspections by Directors. 3467 – London Traffic Act – Uxbridge Road summons. 3468 – Bills in Parliament: need for further extensions. 3469 – Provisional monthly returns. 3470 - Cash statement. 3471 – Loan from National Provincial Bank. 3472 - Capital statement. 3473 - Traffic receipts. 3474 – Documents sealed. 3475 - Lost coupon off 6% income bonds: value to be paid by cheque.

Minutes only. Subjects include: 3433 - Minutes of UERL Board meeting held 6 and 20 May 1926. 3434 – Apologies for absence. 3435 – Associated Equipment Company (AEC) – Directorate: resignation of George Watson as Director and Deputy Chairman. 3436 – Reconstruction of the capital of the Company. 3437 – London General Omnibus Company (LGOC) – finance: stock to be disposed of due to need for further finance. 3438 – Company’s holding of 60,000 ordinary shares of £10 each of the LGOC issued in 1921: no action to be taken to convert into preference shares. 3439 – Opening of Morden extension – City and South London Railway (C&SLR): hoped to be ready to open in July. 3440 – Provisional monthly returns. 3441 - Cash statement. 3442 – Loan from National Provincial Bank. 3443 - Capital statement. 3444 - Traffic receipts. 3445 – Coal strike – coal position: comparison of costs of foreign coal with English coal, and fuel economies. 3446 – Documents sealed. 3447 – Managing Director’s salary: agreement signed by H A Vernet.

Minutes only. Subjects include: 4131 – Minutes of UERL Board meeting held 5 November 1931. 4132 – Apologies for absence. 4133 - London Passenger Transport Bill: amendments. 4134 – South Metropolitan Electric Tramways and Lighting Company – sale of electricity undertaking. 4135 - Estimated financial results and general statistics. 4136 - Cash statement. 4137 – Traffic statistics. 4138 – Documents sealed.

Minutes only. Subjects include: 3352 - Minutes of UERL Board meeting held 3 December 1925. 3353 – Apologies for absence. 3354 – Death of Sir George Gibb. 3355 – Cambrian Coaching and Goods Transport: approach to London General Omnibus Company (LGOC). 3356 - Purchase of land at Southall. 3357 – Provisional monthly results. 3358 - Cash statement. 3359 - Loan of £600,000 from National Provincial Bank. 3360 – Undertaking to the London and Suburban Traction Company in respect of additional loan to the London United Tramways (LUT). 3361 - Capital statement. 3362 - Traffic receipts. 3363 – Documents sealed.

Minutes only. Subjects include: 4042 – Minutes of UERL Board meeting held 1 January 1931. 4043 – Apologies for absence. 4044 – The Right Honourable Earl of Bessborough appointed Governor General of Canada. 4045 – Coordination of London traffic: discussions have taken place between Chairman and Sir William McLintock. 4046 – Proposed extension of the London Electric Railway (LER) to Camberwell: bill to be introduced into Parliament. 4047 – Death of C J Cater-Scott. 4048 - Certificates from Company’s auditors. 4049 – Interest on 6% first cumulative income debenture stock and 6% income bonds. 4050 – Draft report, balance sheet and revenue account. 4051 – Dividend on ordinary shares. 4052 – Redemption of 6% income bonds. 4053 - Cash statement. 4054 – Traffic statistics. 4055 – Documents sealed. 4056 – South Metropolitan Electric Tramways and Lighting Company: additional ordinary shares created. 4057 – Date of next board meeting.

Minutes only. Subjects include: 3937 – Minutes of UERL Board meeting held 13 February 1930. 3938 – Election of Chairman for ensuing year: Right Honourable Lord Ashfield. 3939 - Election of Deputy Chairman for ensuing year: H A Vernet. 3940 – Estimated financial results and general statistics. 3941 - Cash statement. 3942 – New works – Common Fund railway companies: progress report on negotiations with Development (Public Utility) Advisory Committee. 3943 – Registration of new omnibus companies: four new companies registered with registrar of Joint Stock Companies. 3944 – Documents sealed.

Minutes only. Subjects include: 3565 - Minutes of UERL Board meeting held 2 June 1927. 3566 - Cash statement. 3567 - Loan from National Provincial Bank: renewal. 3568 – Loan to the London United Tramways (LUT). 3569 - Capital statement. 3570 – Interim accounts to 30 June 1927: 3571 – 6% first cumulative income debenture stock and 6% income bonds: rates of interest and payment, their advertisement and authorisation for bank to pay. 3572 – Dividend on ordinary shares: interim dividend declared and authorisation to notify Stock Exchange and the press. 3573 – Closing of books. 3574 – Instructions to bankers: authorisation for National Provincial Bank to pay dividend warrants on ordinary shares. 3575 - Traffic receipts. 3576 – Documents sealed. 3577 – Date of next meeting. 3578 - Reorganisation of capital. 3579 – Sir Max J Bonn elected as Director to fill vacancy.

Minutes only. Subjects include: 4308 - Apologies for absence. 4309 – Liquidation of Company: approval of liquidation scheme, date set for Extraordinary General Meeting and sum of compensation to non-Directors. Chairman to make final revision of liquidation scheme and notice to the press.

Minutes only. 3752 - Minutes of UERL Board meeting held 1 November 1928. 3753 – Apologies for absence. 3754 – London Electric Railway Companies (Coordination of Passenger Traffic) Bill. 3755 – Earls Court grounds: model of proposed exhibition hall. 3756 - Estimated financial results and general statistics. 3757 - Cash statement. 3758 – Loans. 3759 - Capital statement. 3760 – Documents sealed. 3761 – 5% first mortgage debenture stock. 3762 - Exchange of income bonds for ordinary shares. 3763 - Lost coupon off 6% income bonds: value to be paid by cheque.

Minutes only. 3687 - Minutes of UERL Board meetings held 3 and 29 May 1928. 3688 – Apologies for absence. 3689 – Major General Sir Fredeick H Sykes appointment as Governor of Bombay. 3690 – 5% first mortgage debenture stock: sanctioning modification of trust deed. 3691 – New common fund agreement. 3692 - Estimated financial results and general statistics. 3693 - Cash statement. 3694 - Capital statement. 3695 – Traffic: increase in passengers despite poorer weather. 3696 – Earls Court grounds: Nicholas and Dixon-Spain appointed as architects. 3697 – Documents sealed. 3698 – Exchange of 6% income bonds for ordinary shares: reference minute number 3685 - Income bonds deposited and ordinary shares allotted. 3699 - Lost coupons off 6% Income bonds: value to be paid by cheque.

Minutes only. Subjects include: 3850 – Minutes of UERL Board meeting held 2 May 1929. 3851 – Mr Evelyn Baring: appointed Director. 3852 - London and Suburban Traction Company and associated companies: stocks acquired. 3853 – Trading agreement between the London General Omnibus Company (LGOC) and the Associated Equipment Company (AEC). 3854 - London Electric Railway Companies (LER) and London County Council (LCC) (Coordination of London Traffic) bills. 3855 – Interim accounts. 3856 – 6% first cumulative income debenture stock and 6% income bonds. 3857 - Dividend on ordinary shares: interim dividend declared. 3858 – Notices to stock exchanges and the press. 3859 – Closing of books. 3860 – Instructions to bankers 3861 – G W Duncan appointed Publicity Manager and E Rawdon Smith appointed Staff Officer. 3862 – Traffic statistics. 3863 - Cash statement. 3864 - Capital statement. 3865 – Documents sealed. 3866 - 5% first mortgage debenture stock. 3867 – Exchange of income bonds for ordinary shares 3868 – Date of next meeting.

Minutes only. Subjects include: 4282 - Minutes of UERL Board meeting held 9 and 23 February 1933. 4283 – Apologies for absence. 4284 - London Passenger Transport Bill: passed the House of Lords with several amendments. 4285 – Associated Equipment Company (AEC): the Right Honourable Earl Howe elected as a Director. 4286 – Tramwaymen wages: temporary abatement in wage to be reinstated. 4287 - Estimated financial results and general statistics. 4288 - Cash statement. 4289 - Traffic statistics. 4290 – Documents sealed.

Minutes only. Subjects include: 4225 – Minutes of UERL Board meeting held 7 July 1932. 4226 – Apologies for absence. 4227 – Death of Sir Herbert Jekyll. 4228 - London Passenger Transport Bill: negotiations taking place with Ministry of Transport. Details of settlement with London County Council (LCC) for creation of stocks and possibility of insufficient reserves to compensate directors. 4229 – Wages negotiations: amounts of money to be saved by proposed deductions from wages and economies. 4230 – Extensions: London Electric Railway (LER) proposal to inspect extension from Finsbury Park to Arnos Grove, and from Hammersmith to South Harrow. 4231 – Companies’ Act 1929 – declarations by Directors. 4232 – Auditors: Sir Nicholas Waterhouse to replace Sir Gilbert Garnsey in audit of the Companies by Price, Waterhouse and Company. 4233 - Estimated financial results and general statistics. 4234 - Cash statement. 4235 - Overdraft with National Provincial Bank. 4236 - Traffic statistics. 4237 – Documents sealed.