Talk:Faiyum Light Railway

In the news
The London Standard Newspaper Archives of March 20, 1906 - Page 1 show the following entry:

"The controling interest, namely, about four-??? of the Capital Actions and Obligations, of the Fayoum Light Railway Company (Société Anonyme), which's railway situated in the Fayeum Province, near Cairo, and now 168 kilometres, or about 106 miles, in length. The Railway Company holds its concession from the Egyptian Government with a guarantee (subject to terms and conditions set forth in the concession) that the set receipts as therein defined shall amount to £36 per kilometre actually worked (not including aidings, etc.) being three per cent, ca £1200 per kilometre, the basis the Government. The concession is for a per years from 1902, subject, however, to the right of the government to expropriate the railway after m ye^ <m the terms of the concession, and provides that the Government shall not grant righte to any other concessionaires for the construction and working of narrow gauge agricultural railways in the Province of Fayonm.

With regard to the past adminiatration of the Railway, Lord Cromer, in his Report on Egypt 1904, aays:— As regards the Fayoum Railway, 618,000 passengers and 145,000 tons of goods were carried, as compared to 479,000 passengers and 1l7,000 tons of goods in 1903. The nett receipt were £E9840, as compared to £E5200 in 1903. The proportion of working expenses to gross receipts fell from 72 per cent, to 60 per cent.

All these railways have, in fact, profited by the greater rise in the prosperity of the country. The two first-named, but I regret to say not the last (the Fayoum Company), have also probably profited by effizient management. In the case of all these lines, numerous complaints are made of irregularity in the times of arrival and departures of the trains. The Government Inapector reports very unfavourably of the Fayoum Company, which sonds greatly in need of a competent manager. "The Staff" he writes, "appear to be entirely out of hand, and the Traffic and Locomotive Departments have both apparently been left to run by themselves." In his opinion, the increase in the receipts is, in this case entirely due to the great increase in the prosperity of the Fayoum, and not to the efficient working of the Company. According to the Railway Company’s Balance Sheet for the year ended 28th February, 1905, tl the Rail, the groAss receipts of ay were £E23,096, and the profits £E8002: Lord Cromer's Report, above quoted, states the fact receipts for 1904 to be ^9640.

With regard to the future the Directors believe that, under efficient management and with expenditure on better-mente, the enterprise will have important and remunerative reaults, tbe more so as the Egyptian Government is directly interested in its success, being entitled to receive 50 per cent, of all gross receipts above £225 per kilometre. The population of the Province of Fayonm is rapidly in-creasing, and the fertility of the land ia well known. In view of these facts and of the rights of the Fayoum Light Railway Company in connection with the construction of Light Railways in the Province, the Directors believe that operations can be profitably extonded. The Crédit Génial Liégeois before this Company associating itself with received a full report from Messrs. Prison and Desoer, whom it had sent out to make an investigation and report. This Report can be seen at the offices of the Solicitors of the Company. The Directors propose to acquire lands suitable for agriculture and to improve the same with a view to their profitable resale or leasing. The Directors are of opinion that there is a future for water traffic in Egypt, and will consider the question of Nile navigation, especially in the Delta. With up-to-date material and equipment, this industry should prove remunerative.

MANAGEMENT. The Company had obtained the services of Mr. S. Sandison de Bilinski as Manager in Egypt, for five years from the date of incorporation of the Company. Mr. S. S. de Bilinski has had man. years experience of financial and commercial buainesa in Turkey and Egypt, and has for over three years been Secretary to the Daira Sanieh Company (Limited), the largest and most snccessful land Company in Egypt. He will receive a salary of £1000 and out-of-pocket expenses, and ??/ per cent.* on the yearly net profits of the Company by way of further remuneration. Application will be made for a settlement and quotation on the London, Brussels and Alexandria and Cairo Stock Exchangee. Applications for Shares ahonid be made on the Form accompanying the Pnnpectus to the Anglo-Egyptian Bank (Limited), in London and Egypt. If no allotment is made the application money will be returned in full, and where the number of sharea allotted is less that that applied for, the annum pins traveling surpltin will be credited in reduction of the amount payable on allotment, and any excess will be returned to the applicant. Failure to pay any instalmsnts whea duo will readst the previoua iwymenta liable to be forfeited. The Prospectus contains the information required by the Companiea Acta. The report of Messrs. Fréson and Desoer and the Contracts or copies thereof mentioned in the Prospectus, together with prints of the Company’s Memorandum and Articlea of Assotiation, of the Fayoum Light Railway Company, and the don. Statutes, and last balancesheet may be inspected at the officea of the Solicitora to the Company in London or at the offices of Lambert and Balli, in Brussels, Alexandria, and Cairo, between the hours of 11 and 4. on any day while the Subscription List is open. Thia notice is not intended aa an invitation to subscribe for ahares. Applicationa for shares will only be received upon the terma of the Prospectus and upon the Application Forma accompanying it."

Stock certificate?
First, I love the certificate at the top of the article, which even has the "intenture" cut on its margin to protect against forgery. Great history!

However, I don't think it's a stock certificate. It does not show the number of shares issued, but instead recites a debt (20 pounds) and an interest rate. That sure makes it look like a bond, not a stock, certificate. By contrast, the Anglo-Belgian certificate is a stock certificate—for one share.--Piledhigheranddeeper (talk) 14:39, 1 November 2017 (UTC)
 * Thank you for the helpful comments. Please feel free to make the necessary improvements in the article. --NearEMPTiness (talk) 22:18, 1 November 2017 (UTC)

Move discussion in progress
There is a move discussion in progress on Talk:Fayoum SC which affects this page. Please participate on that page and not in this talk page section. Thank you. —RMCD bot 11:46, 23 February 2019 (UTC)

locomotives
FLR No's 1-9 built by Manning Wardle, Leeds. 1899/1900. Works Numbers 1435-1439 and 1477-1480

source: Manning wardle locomotives volume 1, Fred Harman