Creation
On 1 January 1948, under the provisions of the Transport Act 1947, the London Passenger Transport Board was nationalised and renamed the London Transport Executive, becoming a subsidiary organisation of the British Transport Commission, which was formed on the same day. Another subsidiary of the Commission was the Railway Executive (which traded as British Railways), which meant that London Transport and the main-line railways were under the same management for the first and last time in their respective histories.
Read more about this topic: London Transport Executive
Famous quotes containing the word creation:
“We hold these truths to be sacred and undeniable; that all men are created equal and independent, that from that equal creation they derive rights inherent and inalienable, among which are the preservation of life, and liberty, and the pursuit of happiness.”
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