Page 1 Advertisements Column 2

Hokitika Guardian, 11 January 1922, Page 1

(JHKA-P GAN.MI SCHEME. NORTH REA TO BLACK SEA. LONDON, January 9. The London “Dally Chronicle’s” Berlin correspondent/ reports that the R;bino-Mnin-Danubo Canal Co., Boon formed, to complete a 1,700 miles ship onnal connecting the port of'' .Rotterdam, on the North Sea, with, -Galatz. Already barges can nse the rivers | anrl canals that are concerned, but the j latt&r will be widened to allow 1200 | ton vessels to traverse them. j The capital of the company is 1,200,000.000 marks. This company is thus the heaviest capitalised concern in Germany. The German, Bavarian and other Governments will subscribe 600,000,000 marks, and the German municipalities another 000,000,000: The rest Will be provided by the Deutsche Bank and four other Rhineland hanks. The shares will carry 7 per cent, interest of which the German and Bavarian Governments guarantee. 5 per cent. At 40 of the largest German locks electric power stations will be hr < giving 400,000 h.p., and those should lx? i an important source of income.

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