Business: TIME CLOCK, Apr. 15, 1957

AIR SUBSIDY will soon be ended for Pan American World Airways. Because Pan Am is earning at least 7% return on mail pay and passenger revenues (commercial traffic rose by 25% in 1956), CAB will cut fiscal 1957 subsidy to $2,500,000 from planned $7,663,000, eliminate expected 1958 grant of $5,516,000.

FAST TAX WRITE-OFFS are expected to be stopped soon. Congress and Treasury Secretary Humphrey are lining up behind Senator Byrd's bill to end write-offs except for plants to produce new weapons for which present facilities are unsuitable. Byrd claims Treasury loses billions.


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