On 1 January 1948, pursuant to the Transport Act 1947, the London Passenger Transport Board (LPTB) was nationalised and renamed the London Transport Executive (LTE), becoming a subsidiary organisation of the British Transport Commission, which was formed on the same day. This leaflet from 1950 celebrates the 2nd year and is done in the form of a letter from the chairman outlining their achievements. minor wear on back cover by lowest staple otherwise VGC. I cannot find another example if this leaflet. ref. ahsmallcase
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