Other formats

    TEI XML file   ePub eBook file  

Connect

    mail icontwitter iconBlogspot iconrss icon

The New Zealand Railways Magazine, Volume 5, Issue 7 (December 1, 1930)

Capital in Transport

Capital in Transport.

Although it seems that really self-de-pendent civil flying services are few or non-existent, flying continues to extend on a subsidy basis, and Imperial Airways Ltd., “for subsidies for two years of £940,000,” will have aeroplanes early in 1931 flying on the African wing of its Eastern service. Of the £940,000 required for this Cairo-Cape venture, Britain is to contribute £270,000, and “the remainder is recoverable from the Governments through whose territory the service passes.” Thus will be created a new pawn in the great game of chess called transport. At the same time South Africa proposes to bridge the Zambesi at a cost of nearly a million and a half, which is quite modest compared with Sydney's harbour bridge. Although many land and sea services have ceased to pay, and flying has never yet paid, capital still pours into transport. Lloyd's figures indicate more shipbuilding than ever.