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Aviation History
1935
1935 - 1375.PDF
JUNE 6, 1935- ADVERTISEMENTS. FLIGHT. 17 Preliminary Announcement » ""™™"™™ An Issue of 840 000 Ordinary Shares of 5 - each AT PAR will be made on THURSDAY JUNE 6th AIRPORTS LIMITED controlling Gatwick and Gravesend Airports Directors : Rt. Hon. THE VISCOUNT GOSCHEN, .G.C.S.I., G.C.I.E., C.B.E. (Director, Westminster Bank Ltd.), Chairman. AIR-MARSHAL SIR JOHN FREDERICK ANDREWS HIGGINS, K.C.B., K.B.E., D.S.O., A.F.C. (Director, Sir W. G. Armstrong-Whitworth Aircraft Ltd.). SIR FELIX JOHN CLEWETT POLE, Kt. (Chairman, Associated Electrical Industries, Ltd.). Sir SAMUEL HERBERT WILSON, G.C.M.G., K.C.B., K.B.E. (Director, Elders & Fyffes, Ltd.). ALFRED CHARLES MORRIS JACKAMAN, A.M.I.Ae.E. (Aeronautical Engineer), Joint Managing Director. ANDRE MARCEL DESOUTTER (Aeronautical Engineer), Joint Managing Director. The Prospectus shows that : The Company will— (a) Acquire Gatwick (London, South) and Gravesend (London, East) Airports, together with the equipment and buildings erected thereon. (b) Acquire the benefit of the payments to be made by the Air Ministry for a period of 15 years, in consideration of the installation of night-flying equipment at the Company's Airports. (c) Acquire the benefit of the agreement made with the Southern Railway Company to build a railway station at Gatwick Airport. (d) Erect a " Martello " type terminal Air Station at Gatwick. The enormous development in air traffic has created an urgent need for improved terminal airport facilities for London. Extensive air surveys have demonstrated the outstanding advantages of the Gatwick and Gravesend Airports. Meteorological records have proved their advantage over Croydon in regard to freedom from the fog and avoidance of the difficult flying conditions approaching Croydon. On the basis of 100 occasions of fog at Croydon, the figures are, for Gravesend and Gatwick, 35% and 65% respectively. Gatwick and Gravesend are the nearest London Airports to destinations such as Paris on the Southern European and Amsterdam and Berlin on the North-Eastern European route respectively, and their positions on these routes make them of international importance. The Directors are confident that after a reasonable period for development, earnings will provide a satisfactory return on the Capital employed and should show substantial annual increases. The sources of Revenue are as follows:— (1) Landing and housing fees payable by Air Lines, Air Taxi Companies and Commercial and Private Owners in respect of aircraft using Gatwick and Gravesend Airports ; (2) Rents from hangars let on lease or otherwise to aircraft manufacturers, operating companies and others using the Airports; (3) Repair and Service Stations on the Company's Airports for Aircraft and Aircraft Engine Manufacturers; (4) Profits from the sale of Petrol, Oil, Equipment, etc.; (5) Payments by the British Air Ministry under contract in respect of Night Flying Equipment; (6) Fees payable as consultants in the lay-out and design of Airports and Aerodromes for Municipal Authorities and others; (7) Restaurant profits at the Company's Airports ; W Rents and fees payable for Booking Hall accommodation, and rents of offices, booking offices, stalls, advertising space, etc., at the Company's Terminal Air Stations. There are no existing Debentures, Mortgages or other Charges and ample working capital is provided for the requirements of the Copies of the Prospectus and Forms of Application are now available Th«» .. from :— ue flankers ; WESTMINSTER BANK LIMITED. 9, Old Broad Street, London, E.C.2, Sta Brokers and Branches. HOBLYN & KING, 20, Copthall Avanue, London, E.C.2, and from Mr. HERBERT ROTHBAKTH THE FEDERATED TRUST & FINANCE CORPORATION, LIMITED, both oJ 20, Copthall Avenue, London, E.C.2. At the end of them all is the SELF * CENTRING TAIL WHEEL Bristol Bulldog Gloster Gauntlet Hawker Demon A.W.Scimitar Airspeed Courier Spartan Cruiser Autogiro. etc. AIRCRAFT COMPONENTS LTD., Grosvenor Place South, Cheltenham, Glos. Kindly mention "Flight" when corresponding with advertisers.
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