A fluid controlled rotary shaft speed limiting arrangement has a brake disk secured to the shaft for rotational movement therewith. A braking arrangement exerts a braking force on the brake disk according to the amount of fluid pressure present in a brake piston chamber. The flow of pressurized fluid into and the flow of pressurized fluid out of the brake piston chamber is controlled by a valve arrangement, a portion of which is formed on the brake disk. The portion of the valve arrangement formed on the brake disk effects a change in the flow of pressurized fluid through the brake piston chamber if the rotational velocity of the shaft and brake disk varies from a preselected value. Such variation in the rotational velocity corresponds to such change in pressurized fluid flow such that, a proportional braking force is exerted on the brake disk.