British Gas Traction Company
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British Gas Traction Company
The British Gas Traction Company was incorporated on 13 July 1896 with an initial capitalisation of £250,000. Its major shareholders were Russell Cummins and John Fletcher Moulton John Fletcher Moulton, Baron Moulton, (18 November 1844 – 9 March 1921) was an English mathematician, barrister, judge and Liberal politician. He was a Cambridge Apostle. Early life Moulton was born in Madeley, Shropshire, England, as ... Member of Parliament, M.P. The company was set up to operate gas-powered trams, which it worked initially on the Blackpool, St. Annes and Lytham tramway, the first such tramway in Britain. The early success of the vehicles led to the company being invited to operate similar schemes in other parts of the country, including a newly constructed three-mile stretch of tramway in Trafford Park. The Trafford Park service opened on 23 July 1897, but it was suspended only a few days later after two women were injured when one of the trams left the rails, and t ...
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John Fletcher Moulton, Baron Moulton
John Fletcher Moulton, Baron Moulton, (18 November 1844 – 9 March 1921) was an English mathematician, barrister, judge and Liberal politician. He was a Cambridge Apostle. Early life Moulton was born in Madeley, Shropshire, England, as one of six children of a scholarly minister of the Wesleyan Methodist Church, James Egan Moulton. He was sent to Kingswood School at the age of 11 where he excelled at academic subjects. He achieved the top marks in the Oxford and Cambridge Local Examinations and achieved a scholarship to St John's College, Cambridge, graduating Senior Wrangler in 1868 and winning the Smith's Prize. He was at one point judged to be one of the twelve most intelligent men in the United Kingdom. Career After a brilliant mathematical career at Cambridge and election to a Fellowship, Moulton became a London barrister, specialising in patent law. He also experimented on electricity and was elected a Fellow of the Royal Society. A great advocate for medical ...
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Member Of Parliament
A member of parliament (MP) is the representative in parliament of the people who live in their electoral district. In many countries with bicameral parliaments, this term refers only to members of the lower house since upper house members often have a different title. The terms congressman/congresswoman or deputy are equivalent terms used in other jurisdictions. The term parliamentarian is also sometimes used for members of parliament, but this may also be used to refer to unelected government officials with specific roles in a parliament and other expert advisers on parliamentary procedure such as the Senate Parliamentarian in the United States. The term is also used to the characteristic of performing the duties of a member of a legislature, for example: "The two party leaders often disagreed on issues, but both were excellent parliamentarians and cooperated to get many good things done." Members of parliament typically form parliamentary groups, sometimes called caucuse ...
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Tram
A tram (called a streetcar or trolley in North America) is a rail vehicle that travels on tramway tracks on public urban streets; some include segments on segregated right-of-way. The tramlines or networks operated as public transport are called tramways or simply trams/streetcars. Many recently built tramways use the contemporary term light rail. The vehicles are called streetcars or trolleys (not to be confused with trolleybus) in North America and trams or tramcars elsewhere. The first two terms are often used interchangeably in the United States, with ''trolley'' being the preferred term in the eastern US and ''streetcar'' in the western US. ''Streetcar'' or ''tramway'' are preferred in Canada. In parts of the United States, internally powered buses made to resemble a streetcar are often referred to as "trolleys". To avoid further confusion with trolley buses, the American Public Transportation Association (APTA) refers to them as "trolley-replica buses". In the Unit ...
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Trafford Park
Trafford Park is an area of the Metropolitan Borough of Trafford, Greater Manchester, England, opposite Salford Quays on the southern side of the Manchester Ship Canal, southwest of Manchester city centre and north of Stretford. Until the late 19th century, it was the ancestral home of the Trafford family, who sold it to financier Ernest Terah Hooley in 1896. Occupying an area of , it was the first planned industrial estate in the world, and remains the largest in Europe well over a century later. Trafford Park is almost entirely surrounded by water; the Bridgewater Canal forms its southeastern and southwestern boundaries, and the Manchester Ship Canal, which opened in 1894, its northeastern and northwestern. Hooley's plan was to develop the Ship Canal frontage, but the canal was slow to generate the predicted volume of traffic, so in the early days the park was largely used for leisure activities such as golf, polo and boating. British Westinghouse was the first major com ...
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Town Gas
Coal gas is a flammable gaseous fuel made from coal and supplied to the user via a piped distribution system. It is produced when coal is heated strongly in the absence of air. Town gas is a more general term referring to manufactured gaseous fuels produced for sale to consumers and municipalities. The original coal gas was produced by the coal gasification reaction, and thus the burnable component consisted of a roughly equal molecular mixture of carbon monoxide and hydrogen. Thus, coal gas was highly toxic. Other compositions contain additional calorific gases such as methane, produced by the Fischer-Tropsch process, and volatile hydrocarbons together with small quantities of non-calorific gases such as carbon dioxide and nitrogen. Prior to the development of natural gas supply and transmission—during the 1940s and 1950s in the United States and during the late 1960s and 1970s in the United Kingdom and Australia—almost all gas for fuel and lighting was manufactured fro ...
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Liquidation
Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, Italy, and many other countries. The assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a ''creditors' liquidation'' or ''receivership'' following bankruptcy, which may result in the court creating a "liquidation trust") or voluntary (sometimes referred to as a ''shareholders' liquidation'', although some voluntary liquidations are controlled by the creditors). The ter ...
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Companies House
Companies House is the executive agency of the company registrars of the United Kingdom, falling under the remit of the Department for Business, Energy and Industrial Strategy. All forms of companies (as permitted by the Companies Act) are incorporated and registered with Companies House and file specific details as required by legislation. All registered limited companies, including subsidiary, small and inactive companies, must file annual financial statements in addition to annual company returns, and all these are public records. Only some registered unlimited companies (meeting certain conditions) are exempt from this requirement. The United Kingdom has had a system of company registration since 1844. The legislation governing company registration matters is the Companies Act 2006. History 19th century Prior to 1844, companies could only be incorporated through grant of a royal charter, by private act of Parliament, or, from 1834, by letters patent. Few companie ...
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London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ...
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Tram Transport In England
A tram (called a streetcar or trolley in North America) is a rail vehicle that travels on tramway tracks on public urban streets; some include segments on segregated right-of-way. The tramlines or networks operated as public transport are called tramways or simply trams/streetcars. Many recently built tramways use the contemporary term light rail. The vehicles are called streetcars or trolleys (not to be confused with trolleybus) in North America and trams or tramcars elsewhere. The first two terms are often used interchangeably in the United States, with ''trolley'' being the preferred term in the eastern US and ''streetcar'' in the western US. ''Streetcar'' or ''tramway'' are preferred in Canada. In parts of the United States, internally powered buses made to resemble a streetcar are often referred to as "trolleys". To avoid further confusion with trolley buses, the American Public Transportation Association (APTA) refers to them as "trolley-replica buses". In the United ...
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