1894

Jan Kłos https://18xx.guide · v1.0.0

Players	3	4
Start cash	F570	F480
Cert limit	18	14

The bank is unlimited. Seven starting companies, two more that arrive late, and eight of nine privates.

StartSetup

Randomly remove Gare de Liège-Guillemins or Station Antwerpen Centraal.
Randomly select a French company (CFOR · Est · Nord · Ouest · PLM) and place its presidency on the French major shareholding private.
Place the Belge's presidency on the Belge major shareholding private.
Deal every player one share of each of those two companies. At three players, one more of each goes to the pool. Remaining shares go to the IPO.
Both companies start floated and neither may ever redeem or reissue.

StartPrivate auction

An 1830-style auction of eight privates in F5 steps.
Buying a major shareholding hands over a president's certificate. Par it immediately: 67 · 80 · 95 · 100.

SRBuy/sell shares

Sell, buy, then sell again.
Par 67 · 80 · 95.
Full capitalization at 60% sold.
No share of a late company before the first 5+1. When started, its president picks its home: an empty, trackless hex on its own side of the border.
Each share sold drops the price one space; sold out at the end of the round raises it one.

SRTurn order

Pass and take the lowest free number card; act and give it back. The round ends when every card is taken.
The next SR runs in ascending card order—first to pass acts first.

SRMarket zones

Shares of a company priced in the gray zone sit outside the cert limit, may be held past 60%, and its president may buy two a turn.
Price moves up one more if it started in the gray zone.
Price moves up one more if president and treasury combined hold 80%.

OROperating round

Finance → track → token → run trains → dividends → buy trains.
A company may buy a private from the first 3 until they close, for ½–2× face, at any point in its turn.
A ferry marker costs F80 from a company that can reach London. Without one it may not build toward, token toward, or run to or through London.

ORFinance

May redeem shares or reissue all owned shares.
Redeem a share from market into the treasury—or two in the first OR of a set.
If a company owns more shares than remain in the IPO, reissue every share it holds to the IPO at F100 each, re-parring at 100.
A company may hold any number of its own shares, and no player may buy them.

ORLay track

Two track actions, at most one an upgrade, never a tile and that same tile's upgrade.
Regular green cities upgrade to OO-like brown cities. Every edge that had track must still have track; nothing else is preserved. Tokens there are set aside: the builder's replaced at once and the rest at the end of their company's operations.
From the first D, regular green cities can no longer be upgraded.

ORTokens

Never in London, never in Paris's PLM circle.

ORRun trains

A train counts revenue centers: towns, cities, London, off-board. A 5+1 takes five of any kind plus one more town; a D is unlimited.
Luxembourg pays the largest other center on the route. Netherlands with any other off-board pays +F100.
A route may use only one of Paris's two circles, and may not reach Paris twice.

ORPay dividends

Withhold, or F0, ←1 · pay anything →1

ORBuy trains

Once an OR, even at the train limit, a company may upgrade one train to the next color—or any train to a D—for the new train's cost less half the old one's. The old train leaves the game.
If a company has a route, it must have a train. President funds shortfall and must sell shares if necessary (never past the operating company's own presidency). If unable to fund a train, they are bankrupt and the game ends at once.

ENDEndgame

A bankruptcy ends it at once, and so does a price reaching 450.
The first D makes the next full set of ORs the last. In that set, no company builds track or places a token—only a first home token.
Players may also agree that someone has already won.

Trains
Train	#	Cost	OR/SR	Limit	Rusts	Brings
2	7	F80	1	4		Yellow
3	5	F120	2	·		Green · privates buyable
4	4	F300	·	3	2
5+1	5	F400	3	·	3	Brown · late companies
6	2	F600	·	·		Privates close
7	3	F700	·	·	4
D	∞	F800	·	2	5+1	Last set of ORs

Companies
Company	Home		Tokens
AG	D15	Gent	5
Belge	E16	Mechelen	3
CFOR	D3 · H3	Rouen · Chartres	5
Est	I10	Reims	5
LB		Any free Belgian hex	3
LF		Any free French hex	3
Nord	D9 · G14	Lens · Charleroi	4
Ouest	B3 · E6	Le Havre · Amiens	5
PLM	G6	Paris, the PLM circle	5

Privates
Private	Face	Pays	Power
Ligne de Reims à Charleville	F20	F5	Blocks I14. Once a game its company pays F60 to lay one more yellow tile, which it may not then upgrade.
Antwerpen-Rotterdamsche	F25	F5	Pays F10 to a company instead.
Gare de Liège-Guillemins	F50	F10	Blocks H17. Its company may lay or upgrade a yellow tile in Liège unconnected, and then token it free with its cheapest marker. Both count as its own actions for the round.
Station Antwerpen Centraal	F50	F10	The same for Antwerpen, D17, which it blocks instead.
Ligne de Saint-Quentin à Guise	F70	F0 · 70 · 100	Pays F70 once Saint-Quentin, G10, is green and F100 once it is brown—nothing before. No company may buy it from the first 6. Closes with the first D.
London shipping	F90	F15	Its company tokens A12 free with its cheapest marker, needing no ferry and no connection, pays F40 for its ferry, and adds to any route through London the largest center on it bar London and Luxembourg.
Nord minor shareholding	F140	F20	Brings a 10% Nord share.
French major shareholding	F180	F40	Brings the drawn French company's presidency, parred at once. Never sold to a company; closes when that company operates.
Belge major shareholding	F200	F60	The same for the Belge.

1894

Tile manifest 124 tiles · ×N = count in box

Yellow from the start · 50 tiles

#1 ×1

#7 ×4

#8 ×15

#9 ×12

#56 ×1

#57 ×10

#X1 ×1

#X2 ×1

#X3 ×1

#630 ×1

#631 ×1

#632 ×1

#633 ×1

Green from the first 3 · 39 tiles

#14 ×4

#15 ×4

#16 ×1

#17 ×1

#18 ×1

#19 ×1

#20 ×1

#23 ×3

#24 ×3

#25 ×2

#26 ×2

#27 ×2

#28 ×1

#29 ×1

#30 ×1

#31 ×1

#X4 ×1

#X5 ×1

#X6 ×1

#X7 ×1

#X8 ×1

#619 ×4

#624 ×1

Brown from the first 5+1 · 35 tiles

#39 ×1

#40 ×1

#41 ×1

#42 ×1

#43 ×1

#44 ×1

#45 ×1

#46 ×1

#47 ×1

#70 ×1

#X9 ×1

#X10 ×1

#X11 ×1

#X12 ×1

#X13 ×1

#X14 ×1

#X15 ×1

#X16 ×2

#X17 ×2

#X18 ×2

#X19 ×2

#X20 ×2

#X21 ×2

#X22 ×2

#X23 ×2

#X24 ×2

P Paris · B Bruxelles · L Lille