control of the LCC's tram system; Morrison preferred full public ownership. After seven years of false starts, a bill was announced at the end of 1930 for the formation of the London Passenger Transport Board (LPTB), a public corporation that would take control of the UERL, the Metropolitan Railway and all bus and tram operators within an area designated as the London Passenger Transport Area. As Stanley had done with shareholders in 1910 over the consolidation of the three UERL controlled tube lines, he used his persuasiveness to obtain their agreements to the government buy-out of their stock. The Board was a compromise – public ownership but not full nationalisation – and came into existence on 1 July 1933, with Stanley as chairman and Pick as Chief Executive. See also List of transport undertakings transferred to the London Passenger Transport Board London Post Office Railway History of public transport authorities in London Notes and references Notes References Bibliography External links Predecessor companies of the London Underground Railway companies established in 1902 Railway companies disestablished in 1933