Asset valuations and reports

Asset valuations and reports relating to the takeover of private collieries upon the nationalisation of the coal industry in 1946.

Comprises:

• Valuation files, COAL 34
• Licences for small mines files, COAL 35
• Registration files, COAL 36
• Estimates of value, COAL 37
• Statements of interest, COAL 38
• Registers of transferred assets, COAL 39
• Maps, COAL 40

Topics

Maps and plans

Coal

Mining and quarrying

On establishment in 1947 the National Coal Board (under the direction of the Ministry of Fuel and Power) had to undertake the major part of the administrative work entailed in the vesting of the various interests of former colliery concerns in the Board under the provisions of that Act.

Assets owned by colliery concerns for the purpose of colliery production activities and activities incidental thereto, as set out in Part I of the First Schedule to the 1946 Act, vested in the Board automatically on the primary vesting day (section 5(1)). Other assets owned by colliery concerns and their subsidiary companies, as set out in Parts II, III, and IV of the First Schedule to the Act, vested only if the Board or the owner exercised an option that they should vest (sections 5(2) and (3)).

Such assets as came within the scope of section 5(2) and Part II of the First Schedule, could not be subject to appeal by the party on whom the option notice was served; those which came within the scope of section 5(3) and Parts III and IV of the First Schedule could be the subject of appeal by the party on whom the option was served. The latter cases had to be settled amicably or by arbitration. Certain other interests vested under section 6, such as interests in patents. Finally, under sections 7 and 38, by which the rights, powers, property and functions of the Coal Commission vested in the Board.