London, Midland & Scottish Railway (GB)

From Stamps of the World
Map showing the LMS
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The London, Midland and Scottish Railway (LMS) was a British railway company. It was formed on 1 January 1923 under the Railways Act of 1921, which required the grouping of over 120 separate railways into four. The companies merged into the LMS included the London and North Western Railway, Midland Railway, the Lancashire and Yorkshire Railway (which had previously merged with the London and North Western Railway on 1 January 1922), several Scottish railway companies (including the Caledonian Railway), and numerous other, smaller ventures.

The resulting company was an unwieldy construction, with numerous interests other than railway operation. Besides being the world's largest transport organisation, it was also the largest commercial enterprise in the British Empire and the United Kingdom's second largest employer, after the Post Office. The LMS also claimed to be the largest joint stock organisation in the world.

In 1938, the LMS operated 6,870 miles of railway (excluding its lines in Northern Ireland), but its profitability was generally disappointing, with a rate of return of only 2.7%. Under the Transport Act 1947, along with the other members of the "Big Four" British railway companies (GWR, LNER and SR), the LMS was nationalised on 1 January 1948, becoming part of the state-owned British Railways.

The LMS was the largest of the Big Four railway companies serving routes in England, Northern Ireland, Scotland and Wales.

The Railways Act 1921 created four large railway companies which were in effect geographical monopolies, albeit with competition at their boundaries, and with some lines either reaching into competitor territory, or being jointly operated.

The LMS operated services in and around London, the Midlands, the North West of England, Mid/North Wales and Scotland. The company also operated a separate network of lines in Northern Ireland.

The principal routes were the West Coast Main Line and the Midland Main Line, which had been the main routes of the two largest constituent companies, the London and North Western Railway and the Midland Railway respectively.

LMS stamps and Postal History

3d LMS Parcel Stamp overprinted GRAVESEND (in Kent) and dated 24 March 1927
3d overprinted TOWN PIER / GRAVESEND dated 30 Sep 1927 and an 8d overprinted GRAVESEND / (Town Pier). The postcard clearly shows "LONDON MIDLAND & SCOTTISH" above the town pier. A boat ran from here to the LMS station in Tilbury.