The Southwestern Historical Quarterly, Volume 58, July 1954 - April, 1955 Page: 341
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British Investments in Texas Lands and Livestock 341
a nominal paid-in share capital of 9o,ooo and more than re-
couped its capital when it "wound up" in 1908. South Minnesota
Land Company, established in 1883 and liquidated in 1901, paid
an annual average of more than 42 per cent on its paid-up ordi-
nary shares, which had a face value of 14,825; and Western
Ranches, Limited, organized in 1883 to operate in Wyoming,
Montana, and South Dakota, returned an annual average divi-
dend of 10.5 per cent on paid-in ordinary shares with a nominal
value ranging from 78,400 to 150,000 for the thirty-five years
beginning with 1884, and then "wound up" in 1919, probably
without much loss of capital. Only Matador and perhaps Prairie
Cattle, among the British ranching enterprises operating in Texas,
can be compared with these four companies in respect to profits.12
12The three enterprises not mentioned in the text of this essay or in footnote 11
were: (i) Missouri Land Company of Scotland, Limited, founded in 188o and
"wound up" in 192o, with paid-in ordinary shares having a face value of 36,30o;
(2) Platte Land Company, Limited, organized in 1879 and liquidated in 1918, with
paid-in ordinary capital having a nominal value of from 10,88o to 136,000; and
(3) Swan Land and Cattle Company, Limited, with a nominal paid-up ordinary
capital of from 7,500 to 750,ooo, organized in 1883 to operate in Wyoming and
sold in 1926 to an American corporation.
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 58, July 1954 - April, 1955, periodical, 1955; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth101158/m1/408/: accessed May 1, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.