London, June 12. A law authorizing the amalgama-
The new company will be known British Overseas Airways Corpora. tion "The law envisages payment of yor-being provided, however, that {otal subsidy payable tone year shall not exceed 4,000,000 sterling, Of which amount £100,000 sterling shall be earmarked for support of ain's domestic airways.
The Board of Directors of the new sist of a chair nan and up. to 15 {irectors. all appointed by the Minister for Air.
Speeitie authorization given to the Corporation to raise loans up to sEYoGH0000 tering for extension of wes and services, but this total aman mush not be ta ceeded al ssu nally, the formation of a joe 10 advise British Overseas Airways in matters relating to com-with foreign corporations. taking over the two hi now operating will run nto about
Text read from the printed page and cleaned; old type leaves the occasional error.