SUEZ CANAL
DECLINE IN , YEAR’S RECEIPTS
COMPARISON WITH PANAMA.
(United Press' Association—3y, Electric
Telegraph—Copyright.)
LONDON, .Miiy . 16.
The Suez Canal balance sheet ; re-veals-’that the-receipts in 1932 were £1,700,000 less than tin 1931.. The. gross dividend of -six: pounds: was -de-. elared. The tonnage declined by five point six per cent.
r Sir Archibald Weigall, ■ addressing the Royal Empire Society, urged that in view of Britain’s overwhelming interest in the 'Suez Canal, the British rfipresentation on the Canal Boardshould riot be confined to retired priA'ate secretaries. The 'Suez - Canal dues were nearly twenty-five per cent, greater than - the -Panama' Canal charges, .although the Panama' Canal cost more t° make', andlits running costs were double that of the Suez Canal: '' '
The American trade to the Fat East, and the Japanese trade in Asia thus -secured an advantage by the Panama Canal Britain should assert her interests against the Canal Company’s high handed methods and excessive charges 1 .
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Hokitika Guardian, 17 May 1933, Page 5
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155SUEZ CANAL Hokitika Guardian, 17 May 1933, Page 5
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