March 1, 1938 (18th Parliament, 3rd Session)

LIB

Clarence Decatur Howe (Minister of Transport)

Liberal

Mr. HOWE:

The capital stock of Trans-
Canada Air Lines at present is wholly owned by the Canadian National Railways. We have been approached by other aviation companies to discuss the disposal of a portion of it, but these offers have never been com-

Trans-Canada Air Lines
plete cash offers, and as cash is required for the purposes of the company we have declined to barter for any other commodity.

Topic:   TRANS-CANADA AIR LINES AUTHORITY FOR EXTENSION BEYOND THE CONFINES OF CANADA
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