Re: 4486

[Stuart Ellis <mpp@zipworld.com.au>]

"chris@enet21.com.au" wrote:

> Is the LVR  privately owned or controlled by a few individuals?
masquerading as a
> non profit group. Do the profits from the Lachlan Alco Loco group go
to the
> several owners? Are the owners of the above named group board members
of the LVR?
> This must surely affect the LVR's non-profit status.
>
> Chris
>
> Stuart Ellis wrote:
>
> > Bob Lynch wrote:
> >

I'll try and explain to the best of my knowledge of this setup. The
Lachlan Alco Group
is a completely separate company, but the LVR society has a certain
amount of shares
in the company. When 4486 was used by the Society,  They (LVR) paid a
nominal fee for
usage of this locomotive on tourist trains. It is now leased to LVRF for
commercial
duties.
 The Alco group has a number of shareholders, all with a similar goal of
preserving
and maintaining the 44s in their ownership.

LVRF is again a separate company, backed and run by several individuals.
Once again
LVR society has a stake in this company as a shareholder.  The 47 class
units in use
are in fact leased from the LVR society.  It is easy to mix up LVR
society and  LVRF,
but they operate independently of each other.

Any money generated from these companies that is fed back into the
society helps to
preserve and maintain their fleet for future tourist and preservation
operations.

I hope this helps

Stuart Ellis