Always under Pressure: A History of North Thames Gas since by Malcolm E. Falkus

By Malcolm E. Falkus

This non-technical, readable ebook strains the background of North Thames fuel from the nationalization of the gasoline in 1949 till privatization in 1986, a interval which observed the swap shape a place within the Fifties the place its survival used to be threatened.

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Sample text

Thus, Hutchison (Managing Director) and Johnson (Controller of Services) left to become Chairman and Deputy Chairman respectively of the South Eastern Gas Board. But, with few exceptions, throughout the length and breadth of the Board, whether Divisional Managers, Group and Station Engineers, Coke Manager, Coal Officer, Solicitor, Labour Relations Officer or in any of the multitude of offices big and small, the Gas Light men stayed in place and simply continued their work as before. All this was, of course, a tremendous vote of confidence in the Gas Light & Coke Company.

2. To develop and maintain the efficient, co-ordinated and economical production of coke, other than metallurgical coke. 3. To develop and maintain efficient methods of recovering byproducts obtained in the process of manufacturing gas. Despite the changes in market conditions, the place of gas in the nation's energy industries was still very much what it had been before the war. Cooking still dominated the total gas load and in other markets the gas industry's penetration was limited. Solid fuel was pre-eminent for both domestic and industrial heating and still accounted for some 80 per cent of the domestic load, while gas and electricity supplied only about 10 per cent of this market.

All the old restrictions on tariffs, dividends, and so on, which had severely hampered development before the war, were now swept away. New capital projects could be embarked upon with ready acquiescence from a 'tame' Gas Council and a co-operative Government. The Boards had both the will and the means to modernise themselves. There remained some aspects of public ownership which were contentious, however. The question of compensation for shareholders 24 Always Under Pressure was fixed in much the same way as it had been for other nationalisation schemes, namely on the market value of shares at a given date (for gas, shareholders were given a choice of years betwen 1943 and 1945).

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