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stock and $9 per share. these agreements and the control aspects were approved by the Board in February 1966. 8/ The Board also approved subsequent agreements providing for further advances totaling $1 million. Agreements to support operations have also been made by American and United to be effective for the years 1967 and 1968 with limits of $1,100,00 and $900,000 respectively. The amount indicated as subsidy for 1967 for Los Angeles Airways in Appendix I was paid under these agreements. 

Previous Washington-Baltimore Service Case. The need for a helicopter service for the area was considered in a case which concluded on August 28, 1963. 9/ The investigation was ordered in November 1960 and set forth as issues almost precisely the same ones that constitute the basis of the instant proceeding. Following extensive hearings, a decision by the examiner, briefs, and oral argument, the Board found that the public convenience and necessity did not require the authorization of such a service at that time and dismissed the various applications. There were nine applicants, including New York Airways and Washington-Baltimore Helicopter Airways that are applicants in this proceeding. 

Stated rather summarily, the decision not to authorize a service was based upon a finding that it could not be operated without a subsidy, on the order of $2 million a year at the outset and continuing

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8/ Order E-23268.
9/ Washington, D.C., Helicopter Service Case, 38 CAB 823.