The Regent's Canal was named in 1820 after the Prince Regent, who became George IV the same year. After his demise, the Kings Cross monument was raised at the junction of New Road and Battlebridge Road (Euston Road and York Way); this gave the name to the area, but it was removed in 1845. This was former common land, and open to development. An 1846 Act of Parliament prohibited the railway companies from building south of Euston Road. The London & Birmingham Railway (London & North Western Railway), with George Stephenson connections had built their terminus at Euston Square in 1833–1837. The Great Northern Railway's London & York Bill received royal assent in 1846 and they built at King's Cross; the Midland Railway built at St Pancras in 1863–8.
The two Victorian coal drops sheds were used to receive coal from South Yorkshire and trans-ship it to narrowboats on the Regents Canal and to horse-drawn carts;[3] they processed 8m tonnes a year. Coal was the only form of energy available to heat and light the buildings of London, either directly or after having been converted to coal gas in the adjacent gas works. Coal use was challenged by electricity, and electricity prevailed – the coal drops were redundant and fell into decay.
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