CONVENTION BETWEEN BARON DE LESSEPS AND BRITISH SHIPOWNERS RE SUEZ CANAL.

Daily Telegraph (Napier), Issue 3862, 3 December 1883, Page 3

CONVENTION BETWEEN BARON DE LESSEPS AND BRITISH SHIPOWNERS RE SUEZ CANAL.

ORANGE AND NATIONAL MEETINGS FORBIDDEN IN NORTH OF IRELAND. ARRIVAL OF H.M.3. INVINCIBLE AT ALEXANDRIA. (Received December 3, 10.30 a.m.) LONDON. December 1. It is announced that a Convention has been concluded bctAveeu Baron Do Lesscps and a syndicate of British shipowners. The convention makes the following provisions : Seven additional directors, all of Avliom shall be Englishmen, will bo appointed to the board of directors of the Canal Company ; a consulting committee is to be appointed to act in London Avith the English directors ; the surtax at present levied is to be abolished from January next, and pilotage dues in July, 1881; transit dues arc to be reduced to fifty centimes per ton from January, 1885, and further reductions will thereafter bo made in proportion to the profits realised by the company; a competent committee, composed one-half of Englishmen, will determine Avhcthcr the present canal should bo enlarged, or a second one be constructed. Tho ill-feeling which prevailed some months past in the North of Ireland between the Orange and National parties continues to increase, and especially in the province of Ulster, Avhere the tension is now very severely manifesting itself. In consequence of the fears entertained that serious disturbances may occur, a proclamation has been issued by the Executive forbidding the meetings which Avero announced to be held at NcAvry, County Down, by the Orangemen and Nationalists. The mails via Naples, per Orient steamship Lusitania, from Melbourne on October 20, Avcre delivered on the 29th November.