How were the Big Four compensated when British Rail was formed?
score:7
Accepted answer
According to the wikipedia page for the Transport Act 1947, nationalization was effectively a rescue act because the "big four" were bankrupt.
In terms of compensation for their owners, it says:
Shares in the railway companies were exchanged for British Transport Stock, with a guaranteed 3% return chargeable to the [British Transport Commission] and were repayable after forty years.
Whether this was a good deal for the owners appears to be a matter for debate.
More post
- 📝 Was the Weimar Republic referred to as such by contemporaries?
- 📝 How many times did the the sacred fire of Vesta die?
- 📝 Is there any evidence for dual-wielding in the 12th Century?
- 📝 Does the ancient Egyptian religion still have followers?
- 📝 Did Nazi Party members fight on the front lines?
- 📝 Was there an increased interest in 'the spirit world' in the aftermath of the First World War?
- 📝 Was there a massacre in the Algerian war calculated to provoke French reprisals?
- 📝 What is the story behind the tall Northern offshoot on the West Virginia map?
- 📝 What were the main clans of the Sengoku period?
- 📝 Did the Confederate States use a plain oval CS buckle during the Civil War?
- 📝 When was the last coal mine in Germany established?
- 📝 What factors explain Indian territorial restraint towards Pakistani occupied Kashmir despite military success against Pakistan?
- 📝 How did an English person get entry to East Germany during the Cold War?
- 📝 Why are Vorarlberg and Tirol part of Austria, when they are only connected to it by high mountains?
- 📝 How many aircraft participated in each of the three waves against the Yamato?
- 📝 What exactly were the dealings of Ea-Nasir ("The Worst Businessman Of The 18th Century BC")?
- 📝 Did East Asian responses to the Spanish Civil War divide along 'party lines'?
- 📝 Why does the US House of Representatives have a ceremonial mace, but the Senate does not?
- 📝 How historically accurate is "Good King Wencenclaus"?
- 📝 Where did the names of these Tyrian kings come from?
- 📝 What were the limitations on possession of wealth in Soviet Russia and how were they enforced?
- 📝 How were war elephants used against cavalry?
- 📝 Why were the military and civil powers split in the Late Roman Empire?
- 📝 Was the earliest precursor of chess part of Indo-European culture?
- 📝 When did formal social dance fall out of favor in the US?
- 📝 Exact date of Aquitania uprising over Charlemagne?
- 📝 In view of the widespread use of the term "Semitic", which groups of people are classified as being of Hamitic ethnicity?
- 📝 What was the age of majority in France and Belgium in 1945?
- 📝 How were smallpox vaccines enforced in the US?
- 📝 Did the Roman government attempt to hide the collapse of the empire?
Source: stackoverflow.com
Search Posts
Related post
- 📝 How were the Big Four compensated when British Rail was formed?
- 📝 How likely is it that any non-Celtic language was spoken in the British Isles when the Romans invaded?
- 📝 How big was the percentage of white people in the USA who were not against granting the blacks equal rights?
- 📝 When was the british rail strike when the workers fought by following the regulations?
- 📝 How many men were lost on the USAT Arcata and was she loaded with troops when she was hit?
- 📝 How were the Burmese able to sack Ayutthaya when it was one of the wealthiest and most powerful cities in Asia at the time?
- 📝 How and when was the modern company ownership structure invented?
- 📝 How heavily were the British taxing their American colonies?
- 📝 How were diplomats and their staffs treated when World War II was declared?
- 📝 What was lost when the British burned the White House in 1814?
- 📝 How were the British and French armies invited into Belgium in 1914?
- 📝 How many British navy officers were from lower classes at the end of 18th century?
- 📝 How profitable was India for the British Empire in the 1800s?
- 📝 When was the last promotion in the British Peerage?
- 📝 How big were the biggest elections during the ancient era?
- 📝 How did slavery become permissible in the French West Indies when it was forbidden in France?
- 📝 How was the transfer of personnel from British women's military services managed?
- 📝 How was ownership of property managed during the Black Death, when so many original owners had died?
- 📝 How were British personnel employed in the colonies after independence
- 📝 How big was the Golden Horde?
- 📝 How were the British and French Mandates in the Levantine area involved in WWII?
- 📝 How big was the kapa trade out of Hawaii?
- 📝 How big was the IMF loan Britain received in the 1970's?
- 📝 Was there ever a war mission where the personnel were instructed to surrender when the mission complete?
- 📝 How and when was the Temple of Trajan destroyed?
- 📝 How many British prisoners of war were taken by the Wehrmacht and how many died?
- 📝 When was the last moment that Dutch, German and Swiss German were the same language?
- 📝 How did the helmsman know what he was sailing towards with a big mast in his face?
- 📝 How big a factor was the failing economy to the downfall of the Roman Empire?
- 📝 When was the last time there were border controls, customs, or border patrols inside what is now the contiguous US?