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South Eastern Gas Board
The area gas boards were created under the provisions of the Gas Act 1948 enacted by Clement Attlee's post-war Labour government. The Act nationalised the British gas industry and also created the Gas Council. History From the early 19th century the gas supply industry in the United Kingdom was mainly operated by local authorities and private companies. A flammable gas (known as "town gas" or "coal gas") was piped to commercial, domestic and industrial customers for use as a fuel and for lighting. It was marketed to consumers by such means as the National Gas Congress and Exhibition in 1913. The gas used in the 19th and early 20th centuries was coal gas but in the period 1967–77 coal gas supplies were replaced by natural gas, first discovered in the UK North Sea in 1965. Nationalisation In 1948 Clement Attlee's Labour government reshaped the gas industry, enacting the Gas Act 1948. The act nationalised the UK gas industry and 1,064 privately owned and municipal gas companies w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalization
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |