15

mospect of

a

dicastiously increased

figure of deficit) the year is

closing with

A

a defect of f/multion

only,

9 surplus balances are

1937

a

deficit of $35 million

still over $11 million

is budgeted for agonist which there

will funcommably be sowings

of the Salay Levy

the

?

on account

account of

Empire Air Narl Schome subsidy

(for which a

سون

whole year's subsidy has

The scheme

is not to

Loul

wto operation on

been induded whereas

the Easter section of Imp Airways I until

October 1937 at the cohort)

It would be going too far to

with

M' Rogus

a/ril

that

HK

the faranial portion of ttk is

some what precasions.

1937

will ser

This year

the completion of

a considuath part of the heavy Capital works programme to which

The Colony has found itself committed

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