CANADIAN AIR LINES
CONTROLLING INTEREST IN FOUR ACQUIRED BY CANADIAN PACIFIC CO. (By Telegraph—Press Association—Copyright) MONTREAL. May 7. At the annual meeting of the Canadian Pacific Railway Company, Limited, the president, Sir Edward Beatty, announced that the company had acquired a majority interest in four air lines operating in western Canada. He said that the war would demand a curtailment of non-military production on a scale never before attempted, and there must be some loss of econo-. mic liberty. Only by controls over production and distribution through the financial mechanism and direct measures could a growing proportion be diverted to the national service. Sir Edward disclosed that two C.P.R. vessels of the Beaver class had been sunk by enemy action.
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Wairarapa Times-Age, 9 May 1941, Page 6
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120CANADIAN AIR LINES Wairarapa Times-Age, 9 May 1941, Page 6
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