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

Minutes only. Subjects include: 3628 – Reorganisation of capital: £10,000 to be paid to Managing Director as expenses for special exertions in recent reorganisations of share capital and 6% income bonds.

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: Meeting held in compliance with section 236 of Companies Act 1929. Account of winding-up: explained to meeting by Liquidator. Account received and adopted. Remuneration of Liquidator.

Minutes only. Subjects include: 4108 – Minutes of UERL Board meeting held 2 July 1931. 4109 - London Passenger Transport Bill: Government has made no decision. In event of General Election, bill could be carried over to new Parliament. 4110 – Finance Bill: before Parliament. 4111 – New works: contracts entered into and modifications to programme can be agreed by Treasury only. 4112 – Cash position: certain companies in unsatisfactory position as no steps taken for sale of securities due to promotion of London Passenger Transport Bill. 4113 – Traffics: slight decline. 4114 – Salaries and wages: some reductions at the Chiswick Works and in London General Omnibus Company (LGOC). 4115 – South Metropolitan Electric Tramways and Lighting Company – sale of electricity undertaking. 4116 – Refund of payments made by Directors on behalf of Company: ratification of procedure for past and future refunds. 4117 – Death of the Viscount Knutsford. 4118 - Estimated financial results and general statistics. 4119 - Cash statement. 4120 - Traffic statistics. 4121 – Documents sealed.

Minutes only. Subjects include: 3364 - Minutes of UERL Board meeting held 7 January 1926. 3365 – Apologies for absence. 3366 – Cambrian Coaching and Goods Transport: London General Omnibus Company (LGOC) has acquired controlling share. 3367 – Central Omnibus Company: all shares acquired by the LGOC. 3368 – Shamrock Traction Company: negotiations in progress for purchase. 3369 - Cash statement. 3370 - Capital statement. 3371 - Traffic receipts: withdrawal of some routes proposed by Minister of Transport. 3372 – Agreements and negotiations. 3373 - Documents sealed. 3374 – Operating results of all companies: rates of dividends recommended for payment. 3375 – Preliminary notice to press relating to dividends: communication to Stock Exchange and the press. 3376 – Dates for future meetings.

Minutes only. Subjects include: 3580 - Minutes of UERL Board meeting held 7 July 1927. 3581 – Death of the Right Honourable Lord George Hamilton. 3582 - Reconstruction of capital. 3583 – Earls Court grounds: land to be sold rather than let on lease. 3584 – Associated Equipment Company (AEC) and Associated Daimler Company: operations to be separate from operations of companies in Common Fund Group. 3585 – Provisional monthly results. 3586 - Cash statement. 3587 - Loan from National Provincial Bank. 3588 – Advances to the London United Tramways (LUT): loans and guarantees made to London and Suburban Traction Company and London United Tramways. 3589 - Capital statement. 3590 - Traffic receipts. 3591 – Bills in Parliament – opposition to be put to proposals of Main Line Railway Companies and Metropolitan Railway Company. 3592 – Documents sealed.

Minutes only. 4014 - 5% first mortgage debenture stock – letter from Westminster Bank regarding securities and modification of supplemental trust deed.

Minutes only. Subjects include: 3980 – Minutes of UERL Board meeting held 5 June 1930. 3981 – Apologies for absence. 3982 – Negotiations with Development (Public Utility) Advisory Committee relating to raising money for new works. 3983 – Associated Equipment Company (AEC) – 7½% guaranteed redeemable first mortgage debenture stock: modifications made to trust deed between AEC and Rio Claro Railway and Investment Company. 3984 – Exchange of income bonds into ordinary shares. 3985 – Interim accounts. 3986 – 6% first cumulative income debenture stock and 6% income bonds. 3987 – Interim dividend on ordinary shares. 3988 – Notices to Stock Exchange and to the press. 3989 – Closing of books. 3990 – Instructions to bankers to pay dividend warrants on ordinary shares. 3991 – Traffic statistics. 3992 - Estimated financial results and general statistics. 3993 - Cash statement. 3994 – Documents sealed. 3995 – New Common Seal: impression placed in minute book. 3996 – 5% first mortgage debenture stock. 3997 - London and Suburban Traction Company and associated companies: statement of further stocks and shares acquired. 3998 – Date of next board meeting.

Minutes only. Subjects include: 3967 – Minutes of UERL Board meeting held 1 May 1930. 3968 - Apologies for absence. 3969 – Leave of absence for S B Joel. 3970 – Leave of absence for the Right Honourable Lord Farrer. 3971 – Negotiations with Development (Public Utility) Advisory Committee: Chairman met Chancellor of the Exchequer and Lord Privy Seal, no decision relating to grant. 3972 – Further capital authorisations: new stock created by Metropolitan District Railway (MDR) London Electric Railway (LER) and London General Omnibus Company (LGOC). 3973 – Appointment of representative in House of Commons: Major Ralph Glyn appointed to help Chairman and Mr Pick with matters connected with London traffic. 3974 – Traffic statistics. 3975 – Estimated financial results and general statistics. 3976 - Cash statement. 3977 – Documents sealed. 3978 – 5% first mortgage debenture stock. 3979 – Exchange of income bonds for ordinary shares.

Minutes only. Subjects include: 3593 – London Public Omnibus Company – letters between Austin Friars Investment Trust, the Company and Midland Bank, arranging sale of shares in London Public Omnibus Company.

Minutes only. Subjects include: 4275 - Apologies for absence. 4276 – Election of Chairman: Right Honourable Lord Ashfield elected. 4277 - Election of Deputy Chairman: H A Vernet elected. 4278 - London Passenger Transport Bill: second reading in House of Lords. 4279 - Estimated financial results and general statistics. 4280 - Cash statement. 4281 – Documents sealed.

Minutes only. 3413 – Apologies for absence. 3414 – Reconstruction of the capital of the Company: three “A” Ordinary shares issued, success of Sir Robert Horne’s mission, Barings to be approached and Mr Peacock to be invited to join Board.

Minutes only. Subjects include: 3505 - Minutes of UERL Board meeting held 6 January 1927. 3506 - Apologies for absence. 3507 – Operating results of all companies: 1½ dividend to be paid. 3508 – Preliminary notice to Stock Exchange and the press. 3509 – Signing of interest and dividend warrants: changes to practice. 3510 – Dates of future meetings. 3511 - Cash statement. 3512 – Loan to the Metropolitan Electric Tramways (MET) approved. 3513 - Capital statement. 3514 - Traffic receipts. 3515 – Documents sealed.

Minutes only. Subjects include: 3807 - Apologies for absence. 3808 - Coordination of London traffic bills: agreement with London County Council (LCC). Demand from the drivers and conductors of the London General Omnibus Company (LGOC): relating to conditions of service.

Minutes only. Subjects include: 3869 – Minutes of UERL Board meeting held 4 July 1929. 3870 – Apologies for absence. 3871 – Leave of absence for Evelyn Baring. 3872 – Extension of London Electric Railway (LER) (Piccadilly Section) schemes of development. 3873 – Rushton Tractors: manufacture of tractor designed by Mr Rushton to be sold. 3874 – Four Wheel Drive Motors: new company Chairman being Sir Ernest Clark, and C W Reeve, C F Cleaver and Henry Nyberg to be Directors. 3875 – New omnibus LT 1: working as service number 16. 3876 - Estimated financial results and general statistics. 3877 - Cash statement. 3878 - Capital statement. 3879 – Documents sealed. 3880 – 5% first mortgage debenture stock. 3881 – Exchange of income bonds for ordinary shares. 3882 – Limitation of foreign ownership of shares in British corporations. 3883 – Agreement with Lord Ashfield relating to fees as Chairman and Managing Director.

Minutes only. Subjects include: 4198 – Minutes of UERL Board meeting held 5 May 1932. 4199 - London Passenger Transport Bill: acting Prime Minister to make a statement. 4200 – Wage negotiations: Transport and General Workers’ Union (TGWU) will consider proposed deductions. 4201 – South Metropolitan Electric Tramways and Lighting Company – proposed trolley ‘bus operation: approval of proposal. 4202 - Estimated financial results and general statistics. 4203 - Cash statement. 4204 - Traffic statistics. 4205 – Documents sealed. 4206 – Mission to Moscow: two officers and an engineer to be sent to Moscow at request of Soviet Ambassador to investigate possibility of building underground railway there.

Minutes only. Subjects include: 3395 – Number not used. 3396 – Election of Chairman - Right Honourable Lord Ashfield. 3397 - Election of Deputy Chairman - H A Vernet. 3398 – Reconstruction of capital of company.

Minutes only. 3700 - Minutes of UERL Board meeting held 7 June 1928. 3701 – Apologies for absence. 3702 - Associated Equipment Company (AEC) election of new Director: Lieutenant Colonel J T C Moore-Brabazon. 3703 – Interim accounts. 3704 – 6% first cumulative income debenture stock and 6% income bonds. 3705 – Dividend on ordinary shares. 3706 – Closing of books. 3707 - Instructions to bankers: National Provincial Bank to pay dividend warrants on ordinary shares when presented. 3708 – 4½ bonds: commission and discount on issue of bonds called for redemption. 3709 - Estimated financial results and general statistics. 3710 - Cash statement. 3711 - Capital statement. 3712 – Documents sealed. 3713 – Exchange of income bonds for ordinary shares. 3714 – Date of future meeting.

Minutes only. Subjects include: 3477 - Minutes of UERL Board meetings held 7 October and 26 October 1926. 3478 – Provisional monthly results. 3479 - Cash statement. 3480 - Capital statement. 3481 - Traffic receipts. 3482 – Documents sealed. 3483 – Dates and times of board meetings in 1927. 3484 – Resignation of the Right Honourable Lord George Hamilton. 3485 – Election of new Directors: S B Joel, E R Peacock, Gordon Leith and the Honourable Arthur M Asquith.

Minutes only. Subjects include: 3657 – Finance: approval of proposals for raising further loan capital. 3658 – 6% income bond scheme – exchange of bonds for ordinary shares: allotment and sealing of agreement confirmed and Directors authorised to sign. 3659 – Earls Court grounds: approval of proposal to build on this site to twice capacity of present Olympia, and Prudential Assurance Company approached for loan of necessary capital.

Minutes only. Subjects include: 3643 – Draft report, balance sheet and revenue account: copy to be sent to proprietors and shareholders. 3644 – 6% first cumulative income debenture stock and 6% income bonds. 3645 – Dividend on ordinary shares: dividend confirmed. 3646 - London General Omnibus Company (LGOC) sale of additional debenture stocks: offer to be accepted from Baring Brothers and Company to purchase 4½% first debenture stock and 5% cumulative income debenture stock.

Minutes only. Subjects include: 3555 - Minutes of UERL Board meeting held 5 and 23 May 1927. 3556 – Apologies for absence. 3557 – Finance – Metropolitan District Railway (MDR) Company and the London General Omnibus Company (LGOC): prices of stock. 3558 – Associated Equipment Company (AEC) 6-wheeled omnibus: factory at Southall. 3559 – Provisional monthly results. 3560 - Cash statement. 3561 - Loan from National Provincial Bank. 3562 - Capital position. 3563 - Traffic receipts. 3564 – Documents sealed.

Minutes only. Subjects include: 3999 – Minutes of UERL Board meeting held 3 July 1930. 4000 – Apologies for absence. 4001 – Leave of absence for S B Joel. 4002 – Agreement with Right Honourable Lord Ashfield. 4003 – Financial position of companies: decrease in earnings in omnibus traffic but railways and tramways showing improvement. 4004 – Coordination of London traffic: representatives of all interested parties to meet Minister of Transport to evolve scheme. 4005 – Green Line Coaches: A H Hawkins appointed Operating Manager. Terminal station to be at Broad Street, next to Oxford Circus. 4006 – Acquisition of additional shares in Associated Equipment Company (AEC): creation of additional ordinary shares. 4007 – Issue of debenture stock by the London Electric Railway (LER) and Central London Railway (CLR). 4008 - Traffic statistics. 4009 - Estimated financial results and general statistics. 4010 - Cash statement. 4011 – Documents sealed. 4012 - 5% first mortgage debenture stock. 4013 – Redemption of outstanding 6% income bonds.

Minutes only. Subjects include: 4139 – Minutes of UERL Board meeting held 3 December 1931. 4140 – Apologies for absence. 4141 - New works programme – Metropolitan District, London Electric Railway (LER) and Central London Railway Companies: correspondence between Secretary of the Development (Public Utility) Advisory Committee and Managing Director. 4142 – Sale of 5% cumulative income debenture stock by London General Omnibus Company (LGOC). 4143 - Estimated financial results – notices to trades unions. 4144 – Acquisition of independent coach companies: offer accepted to buy coach services from Green Line Coaches. 4145 – South Metropolitan Electric Tramways and Lighting Company – sale of electricity undertaking. 4146 - Cash statement. 4147 - Traffic statistics. 4148 – Documents sealed. 4149 – Ordinary General Meeting steps to be taken to advertise meeting and the closing of books.

Minutes only. Subjects include: 3622 - Minutes of UERL Board meeting held 1 December 1928. 3623 – Estimated financial results and general statistics. 3624 - Cash statement. 3625 - Loan from National Provincial Bank. 3626 - Capital statement. 3627 – Documents sealed.

Minutes only. Subjects include: 4089 – Minutes of UERL Board Special Board held 1 May 1931 and Board held 7 May 1931. 4090 – London Passenger Transport Bill: passenger earnings of main line railway companies with the London Traffic Area to be placed to credit of pool, division of pool to be agreed. Opposition from Metropolitan Electric Railway, London County Council (LCC) and independent owners. 4091 – Death of S B Joel. 4092 - Estimated financial results and general statistics. 4093 - Cash statement. 4094 – Tramways finance: details of loans to tramways companies. 4095 - Traffic statistics. 4096 – Documents sealed.

Minutes only. Subjects include: 4025 – Minutes of UERL Board meeting held 5 June 1930. 4026 – Coordination of London traffic: proposal by Government to bring in bill and statement of financial position of undertakings submitted to Minister of Transport. 4027 – Investments: statement of the Company including money received for new works. 4028 - Estimated financial results and general statistics. 4029 - Cash statement. 4030 – Authorisation of purchase of machine called Todd Cheque Signer. 4031 – Traffic statistics. 4032 – Documents sealed. 4033 – 5% first mortgage debenture stock.

Minutes only. Subjects include: 3821 – Minutes of UERL Board meeting held 4 April 1929. 3822 – Apologies for absence. 3823 – Coordination of London traffic bills: opposition from members of Labour Party. 3824 - Estimated financial results and general statistics. 3825 - Cash statement. 3826 - Capital statement. 3827 – London Electric Railway Companies (LER) (Coordination of Passenger Traffic) Bill and London County Council (LCC) (Coordination of Passenger Traffic) Bill: no change in principle. 3828 - London Electric, Metropolitan District, and City and South London (C&SL) Railway Companies Bill: no further opposition expected. 3829 – Metropolitan Electric Tramways and London General Omnibus Company (LGOC) pooling agreement: notice given that present agreement to be terminated. 3830 – Earls Court premises: plans submitted for new proposal. 3831 – Document sealed. 3832 – 5% first mortgage debenture stock. 3833 – Exchange of income bonds for ordinary shares.

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: 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: 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: 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: 3554 – Finance – Common Fund Companies: further reorganisation.