Re: EL class update ( was freight victoria update)

["Dave Proctor" <thadocta@spambait.dingoblue.net.au>]

Maurie Daly wrote in message ...
>In article <88deru$2mj$1@news1.mpx.com.au> "Dave Proctor"
<thadocta@spambait.dingoblue.net.au> writes:
>>From: "Dave Proctor" <thadocta@spambait.dingoblue.net.au>
>>Subject: Re: EL class update ( was freight victoria update)
>>Date: Wed, 16 Feb 2000 17:07:01 +1100
>
>>Bob wrote in message <38AA3DA6.16A0DF07@acay.com.au>...
>>>Two points here. First NRC own the NRs and can do whatever they want with
>>them,
>>>only obligation they have to Goninans is they have a contract to service
>>them.
>
>>Depends on the nature of the contract - Goninans *could* have a clause in
>>the contract that the NR's can only be driven by Goninan approved drivers.
>
>>Unless you know differently of course.
>
>>Dave
>
>Id be real interested in how they can own them .
>Just where did NRC get a spare $400 M to buy them. (didnt get it from the
>shareholders thats for sure.)
>According to their annual report , they have
>raised a $300 M US dollar debenture issue at 8% to pay for them.
>I think you will find that they are owned by a US bank ,in the same way
that
>AN didnt own its ANs or ELs.

Which adds even further weight to the argument that there *could be* (not
saying *are*) restrictions on just who can and can't drive them.

Dave