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A new Receiver is appointed or the GCR - one that prioritises improving dividends and getting a train before reaching Manchester (and delaying the acquisition of a train). Objections to this appointment will be entertained briefly. In other news Andy's LNWR & GNR set up camp north of London but do not prevent Mike from taking the lead.



Operating Round 15

Dir Lay [Rep] Token Run Pay Quote Credit Trains Notes

LNWR AM 38:H7:6 [13] J5 - M7 ! 120 N 225 110 3 +4 A
GWR JS 7:D7:5 D7 - D4 370 Y 200 390 5 (5) 3
Mid MR 7:H8:5 H8 - H9 ! 510 Y 200 100 5 4 3 E
LSWR JS 47:D8:2 [23] C11 - C5 38 10 +5 B
GNR AM 44:I7:2 [20] H9 - G10 =S 210 Y 90 10 5 C
LBSC JS 3:D11:6 D11 - B10 340 Y 64 50 4 3
GER MR 8:G11:6 G11 - F11 360 Y 76 90 4 3 3 E
GCR BP 36:K8:6 [10] M7 - L6 210 N 38 250 D

Operating Round 16

Dir Lay [Rep] Token Run Pay Quote Credit Trains Notes

LNWR AM 47:K5:2 [20] M7 - G10 =S 300 Y 250 10 4 3 C
GWR JS 17:E9:2 [8] D4 - B5 340 Y 225 390 5 3
Mid MR 23:G9:3 [8] H9 - F8 470 Y 225 100 5 4 3 E
LSWR JS 30:D10:1 [8] C5 - B4 210 Y 47 10 5
GNR AM L8 - I10 210 Y 100 10 5
LBSC JS 12:D11:6 [3] B10 - B3 340 Y 67 50 4 3
GER MR 41:C9:3 [23] F11 - H10 220 Y 82 90 4 3 3 E
GCR BP 13:L7:2 [6] L6 - M7 220 N 29 460 D

Notes A £20 to the GNR for a 4 Train D Run by the receiver - train rented

B £190 to the GWR for a 5 Train E At Train Limit

C £100 to the Bank for a garrison

Tiles 1/1 2/2 3/2 4/6 5/4 6/4 7/0 8/7 9/8 10/3 12/1 13/2
14/0 15/0 16/1 17/0 18/1 19/2 20/2 21/1 22/1 23/2 24/3 25/2
26/2 27/2 28/0 29/1 30/0 31/1 32/0 33/1 34/0 35/0 36/0 37/1
38/0 39/1 40/1 41/1 42/2 43/0 44/0 45/1 46/1 47/0

Trains 7/4(£720)



Cash Flow Start OR15 OR16 End Value % Certs Max 18

Andy Muir 592 312 517 1,421 4,765 28.3 18 - 18
John Shelley 736 549 625 1,910 4,333 25.7 18 - 18
Mark Hancock 463 233 253 949 2,453 14.6 8 - 8
Mike Ruffhead 915 741 656 2,312 5,288 31.4 18 - 18



Portfolios Privates LNWR GWR Mid LSWR GNR LBSC GER GCR

Andy Muir S&M
8D 1 1 - 7D - 2 -
John Shelley -
- 6D 1 6D - 6D 2 -
Mark Hancock * C&W, Hull
1 2 1 - - 2 - -
Mike Ruffhead -
1 1 7D - 3 2 6D -

Bank New Preston
- - - - - - - -
Bank Pool C&HP, L&M
- - - 4 - - - 10R
Tokens Left

2 3 2 3 2 2 2 3

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