By Malcolm E. Falkus
This non-technical, readable publication lines the heritage of North Thames fuel from the nationalization of the fuel in 1949 until eventually privatization in 1986, a interval which observed the swap shape a place within the Fifties the place its survival was once threatened.
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Additional info for Always under Pressure: A History of North Thames Gas since 1949
Andrew as Director of Watson House) North Thames agreed that the institution should become an activity of the Gas Council, though still administered by the Board. Both these research institutions undertook invaluable work during the 1950s in the development of more efficient appliances, better quality gas, and new processes of gas-making which were later to help transform the industry. A word should be said about the financial state of the North Thames Gas Board at the beginning of its operations.
Tons) Coke/Cleanglow for sale (m. 4 Source: North Thames Gas. In addition to coke, North Thames sold a range of other by-products from the carbonisation of coal. Coke customarily accounted for around three-quarters of the gross revenue from sales of all by-products, but the other products were a valuable addition as long as gas manufacture continued to be based on coal carbonisation. They consisted primarily of tar, pitch, benzole, ammonia and of the enormous variety of refined chemicals made from these substances at the Products Works.
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). Compensation for municipal owners was naturally calculated on a different basis, while the many private companies whose shares were not actively quoted had also to be dealt with differently.