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Sorry again for the confusion over what orders to send when. Now … it is my considered opinion that the only new company that could be floated in SR3 is the SxE. So … next time we will stop after SR3 if John W is not the ByE director. We will also stop after SR3 if the SxE is floated and Graham is not the SxE director. Barring those two circumstances we will go through to SR4 next time.



Operating Round 1

Dir Lay(s) [Rep] Base Run Pay Quote Credit Trains Notes

B-M TS 202:H2:5 0 +2 A
B-P JW 8:E17:3 90 +2 A
Mag JS 5:F14:1 0 +2 A
K-M TS 6:G5:1 0 +2 +2 A A B
B-S GL 7:D18:4 0 +2 A
A-K JS 9:B10:1 0 +2 A
ByE JW 202:O15:1 9:O13:1 86C 392 +2 +2 A A

Notes A 80M to the Bank for a 2 Train B At Train Limit

Share Round 2 * share from the pool

Tony Sait Graham Lee John Webley John Shelley
~ +ByE/10(92) [Loco]

Operating Round 2

Dir Lay(s) [Rep] Base Run Pay Quote Credit Trains Notes

B-M TS 56:H4:2 40 H 20 2
B-P JW 8:D16:6 90 2
Mag JS 9:E13:1 40 H 20 2
K-M TS 3:F4:3 60 H 30 2 2 C
B-S GL 8:D20:6 40 H 20 2
A-K JS 6:A11:6 60 H 30 2
ByE JW 6:N12:4 9:M13:2 N12 100 Y 92C 394 2 2 A B

Notes A 50M to Bank for a river C At Train Limit

B 40M to the Bank for a garrison

Tiles 1/1 2/1 3/1 4/3 5/2 6/0 7/7 8/13 9/8 55/1 56/0 57/2
58/4 69/2 201/2 202/0

Trains 2+2/4(120M) then 3/4(180M) 3+3/3(270M) 4/3(360M) 4+4/1(440M) 5/2(500M) 5+5/1(600M) 6/2(600M) 6+6/4(720M)



Cash Flow Start OR1 SR2 OR2 End Value % Certs Max

John Webley 1 10 0 40 51 617 22.4 4 15
John Shelley 73 15 0 85 173 667 24.2 5 15
Tony Sait 5 30 0 90 125 687 25.0 5 15
Graham Lee 45 50 -92 80 83 781 28.4 5 15



Portfolios Privates/Minors PrE ByE SxE BaE WtE HeE MsE OlE

John Webley * Ost, B-P
- 30/2D - - - - - -
John Shelley Pfa, Mag, A-K
- 20/2 - - - - - -
Tony Sait N-F, Bra, B-M, K-M
- 10/1 - - - - - -
Graham Lee L-D, Han, B-S
- 10/1 20/1D - - - - -

Bank New -
40/4D 30/3 80/8 100/8D 100/8D 100/8D 100/7D 100/7D
Bank Pool -
- - - - - - - -
Quote

92C

Credit

394M
Tokens Left

1 3 2 1 1 1 1 1

The OR3 operating order is - B-M, B-P, Mag, K-M, B-S, A-K, ByE - unless changed by SR3.

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