In Partnership With

August 2, 1930

Washington; Laws and Regulations

Comptroller General Mccarl Rules on Mail Line Additions

Finance

Depreciation

Airports and Operation Bases

Airport Construction

23

Washington; Laws and Regulations

Comptroller General Mccarl Rules on Mail Line Additions

Says Extensions Without Competitive Bidding Must be Actual Extensions and Not New Routes

1415

Finance

Depreciation

THE INHERENT CHARACTER of all reserves lies in the fact that they constitute a deduction from profits. Of recent years the most common form of reserve is that for depreciation in the value of fixed assets, especially that form of fixed asset which is represented by plant and equipment, where wear and tear and obsolescence must be taken into account.
2021

Airports and Operation Bases

Airport Construction

East: Presque Isle, Me., has raised $40,000 and purchased a 270-acre tract to be developed as an airport. The field lies a mile from the center of the town and close to the Halifax-Montreal air route. Louis Seaburg and associates of Jamestown, N. Y., have acquired a tract of land on the border of the city which they plan to develop as a semi-public airport.
89

Lines, Services, Traffic

Chamber Reports Transport Activities

More Than 4,000,000 Mi. Flown in Scheduled Operations

89

Meets, Tours, Derbies

Choose Routes for Nar Derbies

Also Announce Facilities For Contestants at Chicago

1617

Technical

Barber & Baldwin Study Engine Failure at Takeoff

NEW YORK — A study to determine the causes of engine failure just after a plane has taken off has been conducted by the engineering department of Barber & Baldwin, Inc., aero insurance underwriters. Reporting on the result of the experiments, Maj. G. L. Lloyd, vice-president of the firm, says:
1213

From the Daily Press

From the Daily Press

Evidence that air travel is on the increase in the United States is offered by two concerns operating passenger services. One company, which operates forty airports in various parts of the country, reports that its planes carried 83,259 passengers in the first six months of 1930, more than double the 1929 figure.

1213

Watching the News Go By

Watching the News Go By

Mr. I. K. McW. of Dallas, Tex., sends in a clipping describing one of the ships built for the Cirrus Race, taken from the Tulsa Tribune, Okla. ‘The airplane . . . said, is a single seater mid-wing monoplane type with a lifting space of approximately 70 square feet. Wings are 22 feet from tip to tip.

67

Industrial

Report $4,812,720 for 6-mos. Exports

$318,161 Less Than in ’29; June Cargo Worth $1,221,363

1011

Briefly

Briefly

Baily A. Wright, aviation engineer, and Lynn C. Jones, lubrication engineer of Vacuum Oil Co., New York, have been making a survey of aviation activities in the Middle West. Steve Mills took the $250 first prize in the Portland-Seattle air race held July 18 under the auspices of the Paramount Theater of Seattle.
August 11930 August 91930