§ Lord APSLEYasked the Under-Secretary of State for Air what is to be the annual subsidy given to the new combine of French civil aviation companies, and how this will compare with 776W the subsidy to be given to British civil aviation during the same period?
§ Sir P. SASSOONThe maximum annual subsidy which can be earned by the new French company is 154,800,000 francs for the first year, falling by stages to 135,000,000 francs in 1937. The maximum will then remain at this latter figure. The maximum subsidy which can be earned by Imperial Airways is £550,000 for the current financial year, falling by stages to £320,000 for the financial year 1936.