64
REPORT OF CONFERENCE
ON
AVIATION.
COMMERCIAL
(Held at Hong Kong 22nd and 23rd of May, 1928.)
MEMBERS.
MACAO.
Jose Cabral,
CANTON
Cheung Wai Jung.
Lieut: Portuguese Naval Air Service.
Brig-Gen.Chief of the Air Admin".
Cheng I Kam.
Secretary to the Canton Air Admin".
HONG KONG
R. Vaughan Fowler.
arrived at:-
The following subjects were discussed and conclusions
(1).
(a)
(b)
(c)
(a)
CAPITAL AND SUBSIDY .
It was agreed that the capital of the "Company" should
be $400,000.00 (Four hundred thousand dollars.Hong Kong).
The estimated Working Expenses of the "Company" were
investigated, and it was found that these would amount to $1,629,
300.00 (One Million Six hundred & twenty nine thousand, three
hundred dollars.Hong Kong), over the period of the first five y
years.
The estimated Income of the "Company" for the first
five years was investigated, and found to be $1,355,225.00
(One Million three hundred and fifty five thousand, two hundred
and twenty five dollars. Hong Kong).
The suggested Subsidy of $300,000.cc over the period
of five years, was based on these figures, as the possible loss
appeared to be $274,075.00 (Two hundred and seventy four thousand
and seventy five dollars. Hong Kong).