SHARE FOR SALE IN

INVINCIBLE

BASED ON THE SHROPSHIRE UNION CANAL AT NANTWICH

 INVINCIBLE YEARLY RUNNING COSTS

TYPICAL ANNUAL EXPENDITURE

MOORINGS..........................................................£2000

LICENCE...............................................................£700

INSURANCE..........................................................£330

SERVICING & TURNAROUND................................£2000

BREAKDOWNS & REPAIRS.....................................£700

INVENTORY & REPLACEMENTS..............................£300

GAS......................................................................£600

MISCELLANEOUS...................................................£390

                       TOTAL EXPENDITURE......................£7020

COST PER 8% SHAREHOLDING.........................£561.60

WINTER MAINTENANCE IS CHARGED WHEN THE WORK IS CARRIED OUT

THE TYPICAL COST IS....................................£180.00 per share

ADMINISTRATION COSTS..........................................£400 per share

TOTAL COST FOR THE YEAR PER 8% SHAREHOLDING.......................£1141.60

The above figures are indicative only  - exact expenditure figures are available on request