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That all seemed to go okay - once I had reacquainted myself with some 1861 fundamentals ...



Stock Round 1

Stephen Webb John Shelley Tim Parkes
+TSR(20) ~ +BSSC(40)
+MYR(60) +MRR(85) +WVR(100)
~ +N(160) +O-K(100)
+K-K(100) +M-K(140) +M-NN(140)
+M-V(110),+K-R(110) [Priority]

Operating Round 1

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

N JS 70F 60 0 +2 A
M-K JS 3:G10:6 8:F9:3 65F 20 0 +2 B A
M-NN TP 8:H7:3 65F 40 0 +2 A
M-V SW 57:H13:2 50H 11 0 [+2] A
K-R SW 202:F15:6 50H 9 0 +2 +2 A C E
O-K TP 201:C20:6 9:C18:1 45H 25 50 +2 B D A
K-K SW 58:D13:3 9:E14:3 45H 25 50 +2 B D A

Operating Round 2

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

N JS 80 H 80F 100 0 2
M-K JS 8:E10:6 6:D9:1 60 H 70F 30 0 2 B
M-NN TP 8:I8:6 70 H 70F 75 0 2
M-V SW 9:G14:2 45H 1 100 +2 F A
K-R SW 110 H 55H 64 0 2 2 E
O-K TP 9:C16:1 8:B19:1 60 H 50H 5 50 2 G H B I J
K-K SW 60 H 50H 0 0 2 I J

Notes A R100 to the Bank for a 2 Train F 2 Loans for Train Purchase

B R20 to Bank for 2 Tiles G 1 Loan for Tile Lay

C R1 to the M-V for a 2 Train H R20 to Bank for a Tile lay

D 1 Loan for Train Purchase I R5 Interest paid

E At Train Limit J 1 Loan Redeemed

Tiles 3/1 4/4 5/2 6/1 7/~ 8/~ 9/~ 57/1 58/3 201/2 202/2 621/2

Trains 2/2(R100) then 3/7(R225) 4/4(R350) 5/4(R550) 6/2(R650) 7/2(R800) 8/9(R1,000) 2+2/2(R600) 5+5E/2(R1,500)



Cash Flow Start SR1 OR1 OR2 End Value % Certs Max 21

Stephen Webb 420 -400 30 115 165 555 33.5 5 - 5
John Shelley 420 -385 25 95 155 530 32.0 3 - 3
Tim Parkes 420 -380 45 110 195 570 34.4 4 - 4



Portfolios Privates N StP-W M-NN R-O O-K M-K K-K M-V K-B K-R

Stephen Webb TSR, MYR
- - - - - - 2D 2D - 2D
John Shelley * MRR
2D - - - - 2D - - - -
Tim Parkes BSSC, WVR
- - 2D - 2D - - - - -

Bank New Minor Cos
- 2D - 2D - - - - 2D -
Bank Pool -
- - - - - - - - - -
Quote

80F 70F 50H 70F 50H 45H 55H

Credit

R100 R75 R5 R30 R0 R1 R64

Loans

0 0 50 0 0 100 0
Tokens Left

- - - - - - - - - -

The OR3 operating order is - N, M-K, M-NN, K-R, O-K, K-K, M-V - unless changed by SR2.

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