Joining The Fifty Fund

All shareholders in the Class 50 Alliance Ltd are members of The Fifty Fund. A share in the Alliance is currently this is the only mechanism by which it is possible to join The Fifty Fund.

Operating any railway engine requires capital to pay for; insurance, lubricants, spares, tools, examinations, and essential maintenance. It is also this organisations stated objective to purchase "Hood". In order to raise the finance for all these objectives the Class 50 Alliance are selling Ł25 shares. Shareholders are all part owners of "Ark Royal", "Exeter" and "Defaince" will hopefully be part owners of "Hood" in the future.

The Purchase of shares cannot be regarded as a profit making venture, only as a means of ensuring the continuing preservation of these locomotives for your enjoyment. Shares are therefore "Certificates of part ownership". Any revenue generated by the locomotives will be reinvested, and used towards their future maintenance.

Share issues are made annually. Between share issues, receipts are sent to anyone making an application for shares, from that point in time they are given shareholder status. All shareholders are invited to attend the Annual General Meeting and other Extraordinary Meetings, and if appropriate vote on issues pertaining to its activities. In all shareholder voting procedures each complete share purchased represents one vote.

Day to day running of The Class 50 Alliance is undertaken by the board of directors supported by a team of appointed advisors. The members of the board are elected at each AGM.

The day to day running of The Fifty Fund is carried out by the committee, who are elected by the shareholders at each Annual General Meeting (A.G.M.). The Fund is properly constituted, and copies of the constitution are available on request.

Members receive regular mailings to bring them up to date with the Fund's activities and operating days. In addition a bulletin is produced approximately once a year reviewing the events of the last year and previewing those to come.

The Fleet stands in the yard at Kidderminster in the Summer of 1996

Share Purchase

After reading about the progress made to date, we hope you will be suitably encouraged to consider making a financial contribution towards the preservation of these locomotives. Shares may be purchased outright, or by installments (by standing order). There is no limit to the number of shares that may be purchased, or the number of applications made. Share application forms can also be downloaded by from the download page: Click here.

Your Help is Needed

Your contribution is needed to keep Ark Royal, Exeter, Defiance and Hood fully working on the S.V.R and elsewhere. For more details of The Fifty Fund and share application forms either download from this link or please send an S.A.E. to:-

The Fifty Fund, 1, Castlefields, Leominster, HR6 8BG, UK.