Government Pays For Cook Strait Airways
NELSON, April 22. Payment to shareholders of the value of their sliares in Cook Strait Airways Ltd., has been made by tlie Government through the National Airways Corporation, marking the tinal phase of th * eompulsory liquidation of the Company uuder an Act passed in 1945, and following notlce of aequisition served iu Deeember, 1947. With capitai ot £15,000 which Isftei was raised t> £18,000, Cook Strait Airways Ltd., wai formed iu 1935 and successfully operated a serviee between Nelson and We'lington over a number of years. During the war the Company comc under th.» direction of the Government. Shares were paid for at valuation.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHRONL19490423.2.5.4
Bibliographic details
Chronicle (Levin), 23 April 1949, Page 2
Word Count
110Government Pays For Cook Strait Airways Chronicle (Levin), 23 April 1949, Page 2
Using This Item
NZME is the copyright owner for the Chronicle (Levin). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in