Complex sentence: The "Waa Hele Honoa" (meaning "canoe go to land") was purchased in 1959 for $274,000, and pressed into service by the Navy on 3 March 1961.
Split into simpler sentences: The "Waa Hele Honoa", meaning "Canoe go to land", was purchased in 1959 for $274,000. Later, the ferry was pressed into service by the Navy on 3 March 1961.