Metropolitan Railway Country Estates

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Metropolitan Railway Country Estates (MRCE) was a limited company created in 1919 to manage and develop the land owned by the Metropolitan Railway, notably in what was known as Metro-land north-west of London.

Limited company company in which the liability of members or subscribers of the company is limited

In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. The former may be further divided in public companies and private companies. Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company.

Metropolitan Railway underground railway in London

The Metropolitan Railway was a passenger and goods railway that served London from 1863 to 1933, its main line heading north-west from the capital's financial heart in the City to what were to become the Middlesex suburbs. Its first line connected the main-line railway termini at Paddington, Euston, and King's Cross to the City. The first section was built beneath the New Road using the "cut-and-cover" method between Paddington and King's Cross and in tunnel and cuttings beside Farringdon Road from King's Cross to near Smithfield, near the City. It opened to the public on 10 January 1863 with gas-lit wooden carriages hauled by steam locomotives, the world's first passenger-carrying designated underground railway.

Metro-land

Metro-land is a name given to the suburban areas that were built to the north-west of London in the counties of Buckinghamshire, Hertfordshire and Middlesex in the early part of the 20th century that were served by the Metropolitan Railway. The railway company was in the privileged position of being allowed to retain surplus land; from 1919 this was developed for housing by the nominally independent Metropolitan Railway Country Estates Limited (MRCE). The term "Metro-land" was coined by the Met's marketing department in 1915 when the Guide to the Extension Line became the Metro-land guide. It promoted a dream of a modern home in beautiful countryside with a fast railway service to central London until the Met was absorbed into the London Passenger Transport Board in 1933.

Some of the land had been previously handled by the Surplus Lands Committee, established in the first years of the 20th century.

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