Changes

[[Sir Gerald Nabarro]], the Conservative MP for South Worcestershire, advised the line to form a holdings company and to raise the cash for purchase of the southern portion of the line through a [[Severn Valley Railway (Holdings) PLC#Share_offers|share issueoffer]]. At an AGM on 1 May 1971 Nabarro was elected to the Board of Directors, and the plans were announced to form the [[Severn Valley Railway (Holdings) PLC|Public Company]]. This would have a capital of £150,000, of which £110,000 would be new money raised by the public share issue. The [[Severn Valley Railway Company Limited|Guarantee Company]] would be wound up, with £40,000 of shares being vested in a Members’ Association in exchange for the assets it formerly held in the northern section. However in late 1971 it transpired that it was not possible to transfer the Light Railway Order from the Guarantee Company to another company, hence that company would need to remain in existence.