Complex sentence: In 1936 the whole company was re-organised with all the subsidiary companies being liquidated except for the newly created Gosport and Fareham Omnibus Company, the Provincial Tramways Company was renamed to Provincial Traction Company.
Split into simpler sentences: In 1936 the whole company was re-organised with all the subsidiary companies being liquidated except for the newly created Gosport and Fareham Omnibus Company. The holding company Provincial Tramways Company was renamed to Provincial Traction Company.