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Wednesday, 1 September 1937


Senator SAMPSON (through Senator PAYNE) asked the Postmaster-General - 1. Has the Minister seen newspaper reports to the effect that an Australian air company with a capital of £1,000,000 is to be formed, and that the board of directors will include a chairman to be approved by the Government and two directors to be appointed by the Bank of New South Wales and the Commercial Bank of Australia on behalf of the underwriters? 2. Has he also seen a report that guarantees have been placed with the Bank of New South Wales and the Commercial Bank of Australia through the Bank of America and the National City Bank of New York by the underwriters ?







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