§ Mr. Perkinsasked the Secretary of State for Air whether he has any information as to the trading profit or loss incurred by Imperial Airways, Limited, since the Government assumed control as compared with a similar period last year?
Captain BalfourI have no information as to the trading results of Imperial Airways Limited since the preparation of the last audited accounts up to the 31st March, 1938. After this date and until the proposed appointed day under the British Overseas Airways Bill, the Company continues to operate under contracts for various services. Accounts for this period will in due course be received by the Corporation, but complete trading results cannot be ascertained until the amount of the subsidy payments due to the Company under the various agreements have been calculated and agreed.