Belgian State Railways

The Belgian State Railways, sometimes referred to as the Belgian State Railway, was the original state-owned railway of Belgium. Established by an organic law of 1 May 1834, it began construction of its first line, between Brussels-Groendreef/Allée verte and Mechelen, on 1 June 1834.[1] This line, which was opened on 5 May 1835, was also the first steam-powered public railway in continental Europe.

On 1 September 1926, the assets and operations of the Belgian State Railways were transferred to its successor, the then newly created National Railway Company of Belgium, as part of a scheme formulated to eliminate Belgium's then excessive floating debt. Under the scheme, it was intended that Treasury bonds would not be repaid when they fell due; instead, they would be converted into bonds or shares issued by the NMBS/SNCB, or into fresh Treasury bonds, with the holders having the right to take either.

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The Belgian State Railways, sometimes referred to as the Belgian State Railway, was the original state-owned railway of Belgium. Established by an organic law of 1 May 1834, it began construction of its first line, between Brussels-Groendreef/Allée verte and Mechelen, on 1 June 1834.[1] This line, which was opened on 5 May 1835, was also the first steam-powered public railway in continental Europe.

On 1 September 1926, the assets and operations of the Belgian State Railways were transferred to its successor, the then newly created National Railway Company of Belgium, as part of a scheme formulated to eliminate Belgium's then excessive floating debt. Under the scheme, it was intended that Treasury bonds would not be repaid when they fell due; instead, they would be converted into bonds or shares issued by the NMBS/SNCB, or into fresh Treasury bonds, with the holders having the right to take either.

Subject ID: 90221

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