CARMORAL.

57

In conclusion it is considered that the operation

of Commercial Aircraft from Hong Kong presents far fewer difficul- ties than from such places as London and Paris.

Although Government assistance is absolutely

necessary during the first four or five years there is every reason to hope that the "Company" should be on its feet by the end of that period.

30th April, 1928.

(Sd.) R. Vaughan Fowler.

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