RAILWAY MERGER.

Taranaki Daily News, 8 February 1922, Page 5

RAILWAY MERGER.

IMPORTANT LINES UNITE. By Telegraph.- -Press Assn.—Copyrlgjrt. London, Feb. 6. The Manchester Guardian announces , that the London and North-Western *»y Company is taking over the fhlidiand Railway, the headquarters of the combined concern remaining at Euston. The Railway Act of 1921 grouped both companies with the Lancashire and Yorkshire Company, the North Staffordshire and Furness Railways, and the Scottish lines. Apparently the Scottish companies will form their own group, as the Aet provides for variation with Parliamentary sanction before January, 1922. In default of the constituent companies of each group submitting an agreed upon scheme of amalgamation, a tribunal provided under the Aet will prepare such a scheme. The London and North-Western took over the Lancashire and Yorkshire line for administrative purposes in 1921, and its financial absorption is now completed. The nominal capital of the new combination amounts to £410.000,000, and the mileage is 14,122 miles. —Aus.-N.Z. Cable Assn. Received Feb. 7, 850 pjn. London, Feb. 6. The shareholders of the Great Western, Traffvale, Cambrian and various smaller South Wales lines are dwcusgißg the amalgamation scheme.