It would have been possible to keep Espee and the ARHS (Canberra) separate. The ARHS (Canberra) could have invested money and held all the shares but that would have been the limit of its liability. That structure would have protected the ARHS C from Espee's failure.
They should have asked Mr Trump, he knows all about these structures.
Interesting. Ownership must have been proven of those carriages/wagons and locos etc.interested in what is happening with Canberra go to slatteryauctions.com.au
No steam locos on that list though..
Hmmm... 3102 (tender) and 3013 (tank) now up for auction. And the original auction link a few posts back now gives "Page not Found."Interesting. Ownership must have been proven of those carriages/wagons and locos etc.interested in what is happening with Canberra go to slatteryauctions.com.au
No steam locos on that list though..
Sale H3406
Most scrappies are $ smart these days. If they can sell something on for more than it's scrap value they will as it's more money in their pocket so more to support their families with. If they do get it be prepared to step in to buy it from them quickly as if it sits around for several years it will be turned into scrap so they get their cash back.Now is the time for the enthusiasts in the preservation movement to dip into their pockets and come up with some meaningful donations to the ARHS or other groups to allow the purchase of some of this material and ensure its preservation.
I have noticed that the tender from 3102 is now not shown on the sale list.Hmmm... 3102 (tender) and 3013 (tank) now up for auction. And the original auction link a few posts back now gives "Page not Found."Interesting. Ownership must have been proven of those carriages/wagons and locos etc.interested in what is happening with Canberra go to slatteryauctions.com.au
No steam locos on that list though..
Sale H3406
Now is the time for the enthusiasts in the preservation movement to dip into their pockets and come up with some meaningful donations to the ARHS or other groups to allow the purchase of some of this material and ensure its preservation.How cashed up is 3801 Ltd?.
NoNow is the time for the enthusiasts in the preservation movement to dip into their pockets and come up with some meaningful donations to the ARHS or other groups to allow the purchase of some of this material and ensure its preservation.How cashed up is 3801 Ltd?.
"Canberra Railway Museum thrown 11th-hour lifeline that may prevent carriage sell-off"I've just had a look at Slattery's website - it shows the auction as still on for Wednesday 2 August (admittedly, it may be simply a matter of the website not being updated). Perhaps the liquidators are still weighing up this new offer.
http://www.abc.net.au/news/2017-07-26/canberra-railway-museum-thrown-financial-lifeline/8744834
Maybe some hope after all?
I see a number of 60 class related items are listed as "Withdrawn".All 60 Class items been removed to stay with 6029 with that loco's future being decided after the auction tomorrow.
Offer to save collection rejected. Why?The offer by Capital may not have included the liquidators fees which would have come out of the proceeds of the auction. Generally, once the liquidators are in it is too late as they are obliged to follow the procedures set out in the Corporations Act or whatever they call it these days.
http://capitalholdings.com.au/offer-rejected-liquidator-act-rail-heritage-assets/
It would have been possible to keep Espee and the ARHS (Canberra) separate. The ARHS (Canberra) could have invested money and held all the shares but that would have been the limit of its liability. That structure would have protected the ARHS C from Espee's failure.I'm not sure it was Espee which failed, it had no heavy capital costs and apart from 1 full time staff member it seemed to be casual. From reading all there is to read the heavy wages bill on the heritage side finally caught up.
They should have asked Mr Trump, he knows all about these structures.
Today's the big day! I wish everyone the best on the outcome, although, as known to anyone whose been through a liquidation, the only real winner are the liquidators.Who or what is the 'Scottish Neighbour'?
At least those with funds have the chance to secure history. I do note that our Scottish Neighbour hasn't been mentioned on any channel. I wonder what he thinks of the whole situation.
For anyone on the ground in Canberra, if possible, we'd all love to hear how the day pans out.
Update: If you register, you can view the auction (and even bid!) online:
http://console.slatteryauctions.com.au/console/public_console.php?aid=2991
Today's the big day! I wish everyone the best on the outcome, although, as known to anyone whose been through a liquidation, the only real winner are the liquidators.Who or what is the 'Scottish Neighbour'?
At least those with funds have the chance to secure history. I do note that our Scottish Neighbour hasn't been mentioned on any channel. I wonder what he thinks of the whole situation.
For anyone on the ground in Canberra, if possible, we'd all love to hear how the day pans out.
Update: If you register, you can view the auction (and even bid!) online:
http://console.slatteryauctions.com.au/console/public_console.php?aid=2991
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