COMMERCIAL AVIATION.
DEVELOPMENT IN BRITAIN. STATE AID CONSIDERED. .Xt faille,—■]>»<*» Association iVipjrlisht.l 1/JXnOX, February -i:>. The report uf the committee nn civil air transport subsidies recommend-, on (he termination ..if the present, agreements with British companies running . rn.asehMinel services, that a new company should i>e furmert with k capital of £1.000,000. half uf which i? d> he subscribed, to operate the air service*. It should receive a guaranteed subsidy of £1.000.000. spread over a decade. Government control lieing secured throupii "tie or twu nominated directors. The committee hasps its plan nn the decision tiiat none of the exist in;; companies can afford the necessary capital for experiment and research or developmental work. If the new company is a mere amalgamation of those existing it will not he countenanced. —i A. and N.Z.I
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Bibliographic details
Auckland Star, Volume LIV, Issue 48, 26 February 1923, Page 5
Word Count
132COMMERCIAL AVIATION. Auckland Star, Volume LIV, Issue 48, 26 February 1923, Page 5
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