A final distribution of 17.8 d a share is notified by the liquidator of Waipa Railway and Collieries, Limited, which went into liquidation in 1930. Including this sum shareholders will have received 12s 2.8 don each 15s share. The company began producing coal in 1914 and paid dividends from 1915 until liquidation in 1930. A return of capital of 5s a share was made in 1925. The company's paid capital in 1930 was £59,929 in shares of 15s each. A sum of £88,963 was distributed in dividends during the company's lifetime and £43,782 was paid in income tax. The return of capital in liquidation will be £48,875. The company owned the NgaruawahiaGlen Massey railway, which it sold for £10,000 to Wilton Collieries, Limited. When the company went into liquidation the obligation of £4000 remaining was taken over by Wilton Collieries (1934), Limited, which- satisfied the debt on May 31, 1937, when the rights to the railway were transferred.
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WAIPA COLLIERIES, Evening Post, Volume CXXIV, Issue 56, 3 September 1937
WAIPA COLLIERIES Evening Post, Volume CXXIV, Issue 56, 3 September 1937
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