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10.5 - When do private companies close?

1800, 1830, 1832, 1835, 1837, 1838 Rheinland, 1848, 1851, 1862, 18EC, 18EZ Level 3, 18FL, 18MW, 18NL, 18Rhl Rhineland, 18Scan, 18TN, Steam Over Holland First 5 train.
1812 First 5 train, except for private companies #11 and #12, which are permanent.
1824 When exchanged for a share in one of the Regional Railways (referring to Mountain Railways).
1825, 1829 Mainline, 18VA Never.
1826 First 10H train, but the mail +1 and train limit +1 tokens last until an E train is sold.
1827 Jr. Various: see appendix 5.
1829 At the start of phase four. In the standard game this is when the first 7 train is bought. When playing with the additional trains from kit MSK2 this is when the first 6 train is bought.. If using the optional PC rule, private companies in the bank pool close when a tile is laid on their home hex (or either hex for the L&M).
1830BC, 1841, 1898 First 4 train.
1831, 1849v1&3, 1853, 1853 v2, 1862EA, 18Ardennes, 18EZ Levels 1 and 2, 18US, 18West, Crisis Not applicable.
1837SX, 1895, 18GL First 10H train.
1842 Auctioned off at start of next OR after sale of first 5 train.
1844 First 5 train or 5H train.
1846 Phase III.
1847, 18MS First 6 train.
1849v4 First 12 train.
1850 Some or all close when the first 5 train is bought, some may survive until the first 6 train is bought.
1854 Moutain railways close on first 5 train. Local railways may close, merge, or continue.
1856 First 5 train, but the bridge and tunnel tokens are permanent, and the port token lasts until the first 6 train.
1858 Eitherafter the earnings phase of a share company, or during the final exchange round. In all cases they are exchanged for face value in cash from the bank.
1860 When exchanged for 10% shares in their associated companies, or when the Fishbourne Ferry Company is purchased.
1861 Never - they are nationalised when the first 6 train is bought and become part of the Russian State Railway.
1862 At any time when their owners choose to close them.
1865 Sardinia First 5 train if in player hands, never once transferred to a public company.
1870 First 5 train, but the port and cattle tokens last to the first 6 train.
1873 When they are not bought in the initial auction round, or when an owning player chooses to close them. Closed mining private companies can later be bought and thereby revived by mining share companies.
1880 Never. However, they stop paying their fixed income once the first 4 train is bought.
1889 First 5 train, except player's Uno-Takamatsu Ferry. Its revenue becomes 50, but may not be sold thereafter.
1893 For the FsSD, when exchanged for RB certificates, or when forced to do this after the first 5 train is bought. For the EVA, when the first 6 train is bought. For the HdSK, when the merger of the HGK takes place.
18C2C First 5 train, but the cattle, coal, fish, gold, labor, lumber and port tokens last until the first 6 train. Engineer tokens stay active until the end of the game.
18Dixie First 6+1 train.
18GA First 5 train; their artefacts persist longer.
18Mex First 5 train, except for the SR, which closes when the fifth 3 train is bought.
18Neb When the first 5/7 train is bought.
18NY First 12H train,
18Ruhr The BME closes when the first 4 train is sold. The other private companies close if still open when the first 5 train is sold.
2038 Phase V.
Poseidon When their special powers are used, except for P4 (Poseidon).
Rolling Stock When the owner chooses to close them.

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Mail me Keith Thomasson June 21st 2016