Aims of The Act
After consideration of the Railways Bill it was decided that the Scottish companies, originally destined to be a separate group, would be included with the Midland/North Western and Eastern groups respectively, in order that the three main Anglo-Scottish trunk routes should each be owned by one company for its full length: the West Coast Main Line and the Midland Main Line by the former group, and the East Coast Main Line by the latter.
The opening paragraph of the Railways Act of 1921 states:
With a view to the reorganisation and more efficient and economical working of the railway system of Great Britain railways shall be formed into groups in accordance with the provisions of this Act, and the principal railway companies in each group shall be amalgamated, and other companies absorbed in manner provided by this Act.
The Act took effect on 1 January 1923. By that date most of the mergers had taken place, some from the previous year. The Railway Magazine in its issue of February 1923 dubbed the new companies as "The Big Four of the New Railway Era".
These "Big Four" were:
- London, Midland and Scottish Railway (LMS)
- Great Western Railway (GWR)
- London and North Eastern Railway (LNER)
- Southern Railway (SR)
See also a list of railway companies involved in the 1923 grouping.
Read more about this topic: Railways Act 1921
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