 The UERL's three tube railway companies were still legally separate entities, with their own management, shareholder and dividend structures. There was duplicated administration between the three companies and, to streamline the management and reduce expenditure, the UERL announced a bill in November 1909 that would merge the Bakerloo, the Hampstead and the Piccadilly Tubes into a single entity, the London Electric Railway (LER), although the lines retained their own individual branding. The bill received Royal Assent on 26 July 1910 as the London Electric Railway Amalgamation Act, 1910.
