Act of Parliament | |
Long title | An Act to provide for the establishment of a British Transport Commission concerned with transport and certain other related matters, to specify their powers and duties, to provide for the transfer to them of undertakings, parts of undertakings, property, rights, obligations and liabilities, to amend the law relating to transport, inland waterways, harbours and port facilities, to make certain consequential provision as to income tax, to make provision as to pensions and gratuities in the case of certain persons who become officers of the Minister of Transport, and for purposes connected with the matters aforesaid. |
---|---|
Citation | 10 & 11 Geo. 6. c. 49 |
Territorial extent | United Kingdom |
Dates | |
Royal assent | 6 August 1947 |
Commencement | 1 January 1948 |
Repealed | 1 January 1963 |
Other legislation | |
Repealed by | Transport Act 1962 |
Status: Repealed | |
Text of statute as originally enacted |
The Transport Act 1947 (10 & 11 Geo. 6. c. 49) was an Act of Parliament of the Parliament of the United Kingdom. Under the terms of the Act, the railway network, long-distance road haulage and various other types of transport were nationalised and came under the administration of the British Transport Commission. The BTC was responsible to the Ministry of Transport for general transport policy, which it exercised principally through financial control of a number of executives set up to manage specified sections of the industry under schemes of delegation.
The Act was part of the nationalisation agenda of Clement Attlee's Labour government, and took effect from 1 January 1948. In Northern Ireland, the Ulster Transport Authority acted in a similar manner. The government also nationalised other means of transport such as: canals, sea and shipping ports, bus companies, and eventually, in the face of much opposition, road haulage. All of these transport modes, including British Railways, were brought under the control of a new body, the British Transport Commission (BTC).
The BTC was a part of a highly ambitious scheme to create a publicly owned, centrally planned, integrated transport system. In theory, the BTC was to co-ordinate different modes of transport, to co-operate and supplement each other instead of competing. This was to be achieved by means of fare and rate adjustments. In practice, very little integration between modes ever materialised.
Section 5 of the Act provided for the setting up of a number of executives within the BTC: the Railway Executive; the Docks and Inland Waterways Executive; the Road Transport Executive; and the London Transport Executive were to be created immediately, with the Hotels Executive to be set up at a later date. The same section allowed the number and names of these executives to be varied as necessary.
The road haulage industry bitterly opposed nationalisation, and found allies in the Conservative Party. Once the Conservatives were elected in 1951, road haulage was soon privatised and deregulated, but the railways and buses remained regulated, and were left under the control of the British Transport Commission.
Following the Second World War, the Big Four railway companies of the grouping era were effectively bankrupt, and the Act was intended to bring about some stability in transport policy. As part of that policy, British Railways was established to run the railways. (The Transport Act 1948 later transferred the lines in Northern Ireland formerly of the LMS, the Northern Counties Committee, to the Ulster Transport Authority.)
Shares in the railway companies were exchanged for British Transport Stock, with a guaranteed 3% return chargeable to the BTC, [1] and were repayable after forty years.
The level of compensation paid has proved to be a matter of historical controversy.[ citation needed ] Some commentators, including The Economist and the London Stock Exchange stated that because the government based the levels of compensation for former railway shareholders on the valuation of their shares in 1946 (when the whole railway infrastructure was in a run-down and dilapidated state because of war damage and minimal maintenance) the railways were acquired comparatively cheaply. [2]
However, others[ who? ] point out that three of the Big Four were effectively bankrupt before the onset of war in 1939 and were only saved from the ignominy of actually declaring bankruptcy by the guaranteed income provided by the wartime government and the temporary surge in rail traffic caused by the restrictions on other forms of transport during and immediately after the war. The exchange of potentially worthless private stock for government gilts based on a valuation during an artificially created boom could thus be considered a very good deal.[ citation needed ]
Despite nationalisation and the creation of British Railways (BR), the rail system changed little, and was left in much the same way as it had been before nationalisation.[ citation needed ] BR was divided into six administrative regions: Eastern, London Midland, North Eastern, Scottish, Southern and Western.
These closely mirrored the regions covered by the former companies in England and Wales, although with the addition of a separate Scottish Region. The North Eastern Region was eventually amalgamated with the Eastern Region, reflecting the English operations of the 1923–1947 London and North Eastern Railway.
Fifteen years later, under the Transport Act 1962, Harold Macmillan's Conservative government dissolved the British Transport Commission and created the British Railways Board to take over railway duties from 1 January 1963 and the Transport Holding Company to take over bus operations from the same date.
British Railways (BR), which from 1965 traded as British Rail, was a state-owned company that operated most rail transport in Great Britain from 1948 to 1997. Originally a trading brand of the Railway Executive of the British Transport Commission, it became an independent statutory corporation in January 1963, when it was formally renamed the British Railways Board.
The Beeching cuts, also colloquially referred to as the Beeching Axe, were a major series of route closures and service changes made as part of the restructuring of the nationalised railway system in Great Britain in the 1960s. They are named for Dr. Richard Beeching, then-chair of the British Railways Board and the author of two reports – The Reshaping of British Railways (1963) and The Development of the Major Railway Trunk Routes (1965) – that outlined the necessity of improving the efficiency of the railways and the plan for achieving this through restructuring.
The railway system of Great Britain started with the building of local isolated wooden wagonways starting in the 1560s. A patchwork of local rail links operated by small private railway companies developed in the late 18th century. These isolated links expanded during the railway boom of the 1840s into a national network, although initially being run by over one hundred competing companies. Over the course of the 19th and early 20th centuries, many of these were amalgamated or were bought by competitors until only a handful of larger companies remained. The period also saw a steady increase in government involvement, especially in safety matters, such as the Railway Inspectorate.
The British Railways Board (BRB) was a nationalised industry in the United Kingdom that operated from 1963 to 2001. Until 1997, it was responsible for most railway services in Great Britain, trading under the brand name British Railways and, from 1965, British Rail. It did not operate railways in Northern Ireland, where railways were the responsibility of the Government of Northern Ireland.
The British Transport Commission (BTC) was created by Clement Attlee's post-war Labour government as a part of its nationalisation programme, to oversee railways, canals and road freight transport in Great Britain. Its general duty under the Transport Act 1947 was to provide an efficient, adequate, economical and properly integrated system of public inland transport and port facilities within Great Britain for passengers and goods, excluding transport by air.
The Transport Act 1962 is an Act of the Parliament of the United Kingdom. Described as the "most momentous piece of legislation in the field of railway law to have been enacted since the Railway and Canal Traffic Act 1854", it was passed by Harold Macmillan's Conservative government to dissolve the British Transport Commission (BTC), which had been established by Clement Attlee's Labour government in 1947 to oversee railways, canals and road freight transport. The Act established the British Railways Board, which took over the BTC's railway responsibilities from 1 January 1963 until the passing of the Railways Act 1993.
The Ulster Transport Authority (UTA) ran rail and bus transport in Northern Ireland that operated from 1948 until 1967.
Railway nationalisation is the act of taking rail transport assets into public ownership. Several countries have at different times nationalised part or all of their railway system.
Albert Henry Stanley, 1st Baron Ashfield,, born Albert Henry Knattriess, was a British-American businessman who was managing director, then chairman of the Underground Electric Railways Company of London (UERL) from 1910 to 1933 and chairman of the London Passenger Transport Board (LPTB) from 1933 to 1947.
Associated British Ports owns and operates 21 ports in the United Kingdom, managing around 25 per cent of the UK's sea-borne trade. The company's activities cover transport, haulage and terminal operations, ship's agency, dredging and marine consultancy.
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 Great Northern Railway (Ireland) (GNR(I) or GNRI) was an Irish gauge (1,600 mm (5 ft 3 in)) railway company in Ireland. It was formed in 1876 by a merger of the Irish North Western Railway (INW), Northern Railway of Ireland, and Ulster Railway. The governments of Ireland and Northern Ireland jointly nationalised the company in 1953, and the company was liquidated in 1958: assets were split on national lines between the Ulster Transport Authority and Córas Iompair Éireann.
The Transport Holding Company (THC) was a British Government-owned company created by the Transport Act 1962 to administer a range of state-owned transport, travel and engineering companies that were previously managed by the British Transport Commission (BTC). It came into existence on 1 September 1962, with certain assets of the BTC vested in it on 1 January 1963.
The London Transport Executive was the organisation responsible for public transport in Greater London, England between 1948 and 1962. In common with all London transport authorities from 1933 to 2000, the public name and operational brand of the organisation was London Transport.
The National Freight Corporation was a major British transport business between 1948 and 2000. It was listed on the London Stock Exchange and at one time, as NFC plc, was a constituent of the FTSE 100 Index.
British Transport Hotels (BTH) was the hotels and catering business of the nationalised railway system in Great Britain.
The history of rail transport in Great Britain 1948–1994 covers the period when the British railway system was nationalised under the name of 'British Railways', latterly known as British Rail until its eventual privatisation in 1994.
The "Big Four" was a name used to describe the four largest railway companies in the United Kingdom in the period 1923–1947. The name was coined by The Railway Magazine in its issue of February 1923: "The Big Four of the New Railway Era".
The Tilling Group was one of two conglomerates that controlled almost all of the major bus operators in the United Kingdom between World Wars I and II and until nationalisation in 1948.
The Coal Industry Nationalisation Act 1946 was an Act of the Parliament of the United Kingdom which nationalised, or brought into state control, the coal industry in the United Kingdom. It established the National Coal Board as the managing authority for coal mining and coal processing activities. It also initially provided for the establishment of consumers' councils. The Coal Industry Nationalisation Act 1946 was the first of a number of Acts promulgated by the post-war Labour government to nationalise elements of the UK's industrial infrastructure; other Acts include the Electricity Act 1947; the Transport Act 1947 ; the Gas Act 1948; and the Iron and Steel Act 1949.