HISTORY OF BEST UNDERTAKING
The Bombay Tramway Company Limited was formally set up in 1873. TheMumbai Municipality was given the right to buy up the concern after the first 25 years or after every period of 7 years thereafter. After this contract was entered into between theBombay Tramway Company and the Municipality, the Government of Mumbai enactedthe Bombay Tramways Act, 1874, under which the Company was licensed to run atramway service in the city. The tram-cars were of two kinds-those drawn by one horseand those drawn by two. In 1905, a newly formed concern, the Bombay Electric Supply &Tramways Company Limited bought the Bombay Tramway Company and the firstelectrically operated tram-car appeared on Mumbai roads in 1907. The passing yearsaggravated the problem of rush-hour traffic and to ease the situation, double decker tramswere introduced in September, 1920.Mumbai saw its first bus run on 15th July, 1926. The people of Mumbai receivedthe bus with enthusiasm, but it took quite sometime before this means of conveyancereally established itself. For several years, it was looked upon as transport for the upper middle classes. Those were the days when the tram was the poor man’s transport, carriedone all the way from Sassoon Dock to Dadar for a mere Anna and a half, that was ninepaise. The bus fare for the same journey was four Annas that are 25 paise.In response to the pleas made by the Government and the Brihan MumbaiMahanagarpalika, the Company extended its services to the northern part of the city in1934. Double deck buses were introduced in 1937 in order to cope better with thegrowing traffic. The first Limited Bus service in Mumbai, and probably the first in thecountry as well, started running in 1940 between Colaba and Mahim.Pursuant to the option given to it under the Deed of Concession granted to theBombay Electric Supply and Tramways Co. Ltd, the Brihan Mumbai Mahanagarpalikaacquired on 7th August, 1947, the assets of the combined Undertaking, namely the
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