Volume Six - Pre-Victorian to the Present Day - Select Aspects - The end of the line for the Taff Vale Railway - 1921

The Report and Statement of Accounts of the Taff Vale Railway Company [001] for the year ended 31st December 1921 is, therefore, an important document in our story of the Penarth Dock and Ely Tidal Harbour. I felt it appropriate to include a chapter on the contents of this document with some images covering the TVR years. The opening paragraph of the Railways Act 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."

REPORT

1. The Directors present to the Proprietors their Report and Statement of Accounts for the year ended 31st December 1921.

The Government control of the Company's Railway ceased on the 15th August, 1921, in accordance with the Ministry of Transport Act, 1919, and from that date the guarantee of Net Receipts became in-operative.

On the 11th May, 1921, the Government introduced a Bill to provide for the re-organisation and further regulation of Railways and the discharge of liabilities arising in connection with the possession of Railways, and other purposes.