£13,500,000 CONCESSIONS.

Hokitika Guardian, 16 February 1922, Page 1

£13,500,000 CONCESSIONS.

LONDON, December 12. Concessions to construct several railways and harbour works in Peru, costing £13,500,000 and spread over 7 years have been made by the Peruvian Government to Mr Robert Dunsmuir. son of the late Mr Dunsmuir, a former Governor of British Columbia. The Consul-General for Pern told a Daily MaiL reporter on Saturday that all the materials, tools and machinery used in the construction of the rolling stock, with the exception of mountain railways, would bo bought in this country. ‘‘Once the railways reach the immense sugar, cotton, cocoa, tobacco and other agricultural regions,” he said, “there should be an enormous demand for all kinds of agricultural machinery. Cotton and Manchester goods of all descriptions should find a ready market. It is also the intention to give preference to British shipping for all this freight, as well as for an assail red return freight in Peruvian produce. “The concessions cairry with them land grants amounting to more than 50,000,000 acres, the exclusive right to the oil, coal, and all other minerals found within this area for a term of 33 years nnd to a company organised by the concessionaire, the tobacco monopoly for the whole of the republic for 33 years.”