PANAMA REPUBLIC.
NEW CANAL TREATY.
By Telegraph—Pres3 Association—Copyright Now York, Nov. 19.
Panama cedes the United States the land requisite for a canal in perpetuity, giving absolute svereignity over a strip on each side ten miles wide. Panama receives ten million dollars. The canal will be neuUal and open to all nations on equal terms.
Britain’s hesitation in recognising (lie Panama Republic is based on a fear tiiae Colombia will repudiate their foreign debt if deprived of Panama revenues.
Mr Hay suggests that Panama should devote a portion of the eanal money, as its share of the foreign debt-
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Bibliographic details
Gisborne Times, Volume X, Issue 1053, 21 November 1903, Page 2
Word Count
99PANAMA REPUBLIC. Gisborne Times, Volume X, Issue 1053, 21 November 1903, Page 2
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