The early tube lines, originally owned by several private companies, were brought together under the Underground brand in the early 20th century, and eventually merged along with the sub-surface lines and bus services in 1933 to form London Transport under the control of the London Passenger Transport Board (LPTB). The current operator, London Underground Limited (LUL), is a wholly owned subsidiary of Transport for London (TfL), the statutory corporation responsible for the transport network in London.[12] As of 2015[update], 92% of operational expenditure is covered by passenger fares.[13] The Travelcard ticket was introduced in 1983 and Oyster card, a contactless ticketing system, in 2003.[14] Contactless bank card payments were introduced in 2014,[15] the first such use on a public transport system.[16]

For the first deep-level tube line, the City and South London Railway, two 10 feet 2 inches (3.10 m) diameter circular tunnels were dug between King William Street (close to today's Monument station) and Stockwell, under the roads to avoid the need for agreement with owners of property on the surface. This opened in 1890 with electric locomotives that hauled carriages with small opaque windows, nicknamed padded cells.[32] The Waterloo and City Railway opened in 1898,[33] followed by the Central London Railway in 1900, known as the "twopenny tube".[34] These two ran electric trains in circular tunnels having diameters between 11 feet 8 inches (3.56 m) and 12 feet 2.5 inches (3.72 m),[35] whereas the Great Northern and City Railway, which opened in 1904, was built to take main line trains from Finsbury Park to a Moorgate terminus in the City and had 16-foot (4.9 m) diameter tunnels.[36]




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