Tasman Air Mail
LONDON NEGOTIATIONS SOON Per Press Association. CHRISTCHURCH, June 27. The present state in the negotiations for the institution of a Tasman air mail service was mentioned to-day by the Minister of Finance, the Hon. Walter Nash. Negotiations between the three Governments concerned would begin in London within the next few days prior to consultations with the air companies and the formation of operation companies. Mr Nash said that prior to the depar ture of the managing director of Union Airways Ltd., Mr W. S. F?i l,a for England, a tentative agreement had been reached that bis company should act for the Government in negotiations for the formation of an operating company. The Government, however, would be the controlling agent Insofar as the New Zealand end was concerned, and that control would be covered by the portion of capital held by New Zealand. The capital would be apportioned a» follows:—New Zealand 39 per cent., Australia 23 per cent.. Great Britain 3b per cent. The High Commissioner, Mr W. J Jordan, and Dr. Campbell, had bee*n empowered to negotiate on behalf ot the Government at the discussions in London-
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https://paperspast.natlib.govt.nz/newspapers/MT19380628.2.43
Bibliographic details
Manawatu Times, Volume 63, Issue 150, 28 June 1938, Page 7
Word Count
190Tasman Air Mail Manawatu Times, Volume 63, Issue 150, 28 June 1938, Page 7
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