6 JANUARY 1923, Page 11

New Year's Day was an important date for the railway

companies, as then the Act of 1921 came into force. Under the Act four large railway groups are substituted for the numerous independent railway companies. The new groups are as follow (we take the summary from the Daily News):— " The London Midland and Scottish Railway (with a total length of about 7,460 miles), which embraces the London and North Western, the Midland, and the Caledonian Lines.

The Great Western Railway (8,753 miles), including the Great Western, Cambrian, Taff Vale, and a whole series of minor lines.

The London and North Eastern Railway (0,464 miles), including the Great Eastern, Great Northern, North British and Great North of Scotland lines.

The Southern Railway (2,129 miles), including the London and South Western, South Eastern and Chatham, and London and Brighton and South Coast Lines.

There certainly ought to be plenty of room for saving, as in the past there was an overlapping of services. For instance, railway trucks stood in sidings for the greater part of their existence instead of being used.