The 75069 Fund

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BRBritish Rail or British Railways Standard 4MTThe British Railways system of classifying steam locomotives by power using a number from 0, least powerful, to 9, most powerful, followed by either F for freight, P for Passenger or MT for Mixed Traffic. 75069

The 75069 Fund owns BR Standard 4MT No 75069, BR 25771 Corridor Second and BR 34562 Brake Second Corridor.

The Fund is one of three similar funds operating on the SVRSevern Valley RailwaySVRA:Severn Valley Railway AssociationSVRS:Severn Valley Railway Society. An initial group of 18 members formed The Ivatt Class 4 Group to purchase LMS Ivatt Class 4 43106, a larger group formed The Passenger Tank Fund to purchase BR Riddles 4MT 80079, before a still larger group formed The 75069 Fund.[1]

The announcement of launch of the 75069 Fund appeared in SVRSevern Valley RailwaySVRA:Severn Valley Railway AssociationSVRS:Severn Valley Railway Society News in late 1971 with a brief article "75069: Advance notice is given of the fund to purchase this Standard Class 4 4-6-0 from BarryWoodham Brothers Scrapyard, Barry, South Wales. The source of many locomotives now in preservation., by the same team that organised the funds for 43106 and later 80079."[2] A meeting to discuss the proposed purchase the loco was held in Birmingham on 18 May 1972, following which an initial appeal raised approximately £1,300 towards the asking price of £3,500, with shares being offered in £5 units.[3] The locomotive was acquired after a further successful appeal to raise the full price before the introduction of VAT on 1 April 1973.[4]

In 2011 Railway Herald Magazine reported that a special meeting of The Passenger Tank Fund had been arranged for 30 October 2011 to discuss and vote on a proposed sale of the locomotive (80079) to Mr Jeremy Hosking with a view to the sale proceeds being applied to The 75069 Fund. [1] No such sale took place.

The fund also is a minor shareholder of Severn Valley Railway (Holdings) PLC.[5] It does not have an active presence on social media.

See also

List of preservation groups

References

  1. 1.01.1 Railway Herald Magazine Issue 290, 7 November (2011), p. 16.
  2. SVRSevern Valley RailwaySVRA:Severn Valley Railway AssociationSVRS:Severn Valley Railway Society News 22
  3. SVRSevern Valley RailwaySVRA:Severn Valley Railway AssociationSVRS:Severn Valley Railway Society News 35
  4. SVRSevern Valley RailwaySVRA:Severn Valley Railway AssociationSVRS:Severn Valley Railway Society News 28
  5. Full list of shareholders at 24 June 2016

Links