The Transport Act 1947 (c. 49) is an Act of the Parliament of the United Kingdom. Under it the railways, long-distance road haulage and various other types of transport were acquired by the state and handed over to a new British Transport Commission for operation. The commission was responsible to the Ministry of Transport for general transport policy, which it exercised principally through financial control of a number of executives set up to manage specified sections of the industry under schemes of delegation. More information on the Wikipedia page [1]