§ 84. Mr. Onslowasked the President of the Board of Trade what estimate he has made of the effect devaluation will have upon the earnings of British nationalised and independent airline operators in the period up to November, 1968.
§ Mr. J. P. W. MallalieuAn Emergency Conference of the International Air Transport Association is currently considering revision of international air fares and freight rates to take account of devaluation. The decisions will be subject to the approval of the Governments concerned. Meanwhile no reliable estimate of the effect of devaluation on the earnings of British airlines can be made.