NAC Shows Profit, At Last
p. 77 · Read in the full issue
NEW Zealand’s Prime Minister, Mr. Holland, gave figures on September 2 which show that the NZ National Airways Corporation made a profit of £95,000 in the last financial year. (There was a loss of £328,000 in 1951 and of £246,000 in 1950).
Mr. Holland said “We set to work to put the Corporation right. We offered it for sale but we had’nt any takers. It is not easy selling a losing proposition.”
The Islands section of the service does not pay, due to the long ocean flights and poor payloads limited by fuel requirements, but the internal services, especially the freight ser vices, have provided the overall profit.
Miss Maurine Logan, daughter of Major and Mrs. L. Logan of Lind field, Sydney, and formerly of Port Moresby, was married in early September to Mr. Douglas Craig of Brighton, Vivtoria.