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THE PANAMA CANAL

T.'ift report read at (he annual general maeii'ig of tlie shareholders of th« Panama Canai Company, held in Pan.s on June 25, status tliat a more complete study of tlie nature of the soil and the works has proved that the obstacles to lie surmounted in cutting the canal will not be so serious as was at fmst anticipated. The esact course to be followed by the canal has been duelled upon, and the property through which it will pass is hemgiapil y purehasd. Along Its course the trees have been felled, and stations have lioeu constructed at many points. These stations have been built on bills in proximity to the works, and comprise houses for the engineers, and foramen, and the Ame ieau and European workmen, and ranehos or Suits for (fits blacks. Each section lias its own hospital, i:s telegraph office, its storehouse and its workshop. Tiie natives will build their huts -oind these villages and will furnish ihe /; iidi i';<itants with supplies. At the head' of the canal at Colon the works are being carried on actively. A plot of ground measuring a'oout tisry three aces has been selected at the mouth of Folk's river, at a point inland, on which the town of Colon As p»n wall has been built for the definite establishment of the company's lrihitalions, magazine.-, and workshops. At the oilier extcr'-inity of the canal, on the Paciii.j Ocean at Pauam \, the purchase of a large hotel has enabled the company to centralise its various services in hea thy convenient, un«l well ventilated ofii ;es. A direct line of telegraph has been established between Colon and Pan ima, and another line paceri all the stations in coinmnnica-tii.-n with each other and the two extrein-itie-i of the works The transport of the workmen and the plant and nvu-hinory is chiefly effected by means of the Panama Hail way Company. A contract has been entered into by Messrs Hnerne, SUven and Co. to dredge the maritime canal between Colon and Gatuu. M. de Lc-sseps protests most warmly that the canal will be, and must remain, a purely private cotnmercial undertaking. 'With regard to the climate, liefifllrms that gross exaggeration concerning its deadly character i'or Europeans has prevailed. Authorisation is asked for (he issue of 250.000 ob'.ign tions for the purchase <.f the Panama Kailroad Company, the acquisition of which will greatiyVfnciliUte thd execution of the works. M.de Lesseps concludes his report by raying that the completion of the canal at thos date hs first as.sigtied for it is no longer a matter of doubt but a certainty.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/AMBPA18821006.2.7.5

Bibliographic details
Ngā taipitopito pukapuka

Akaroa Mail and Banks Peninsula Advertiser, Volume VII, Issue 650, 6 October 1882, Page 2

Word count
Tapeke kupu
435

THE PANAMA CANAL Akaroa Mail and Banks Peninsula Advertiser, Volume VII, Issue 650, 6 October 1882, Page 2

THE PANAMA CANAL Akaroa Mail and Banks Peninsula Advertiser, Volume VII, Issue 650, 6 October 1882, Page 2

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