we cannot disregard the fact that the aircraft industry was concentrated entirely upon war purposes during the war; that this country has repeated difficulties in coming to a finalised programme regarding capital reconstruction; and that we have the Recurrent Dollar Crisis before us.

The thing that strikes the impartial, inexpert observer before anything else is that we cannot deal with civil aviation in isolation; we cannot disregard the fact that the aircraft industry was concentrated entirely upon war purposes during the war; that this country has repeated difficulties in coming to a finalised programme regarding capital reconstruction; and that we have the Recurrent Dollar Crisis before us.