THE SUEZ CANAL.

Manawatu Herald, Volume II, Issue 15, 14 October 1879, Page 3

THE SUEZ CANAL.

A parliamentary paper relating to i the purchase of the Suez Canal shares, (says the Times) has| been issued, showing the sums received from the Khedive of blgypb, the charge for principal and. interest on the money raised in respect of the purchase of the Suez Canal shares, and the amount of princ ipal still outstanding. The total 3 amount paid for the shares for expenses was £4,076,622 8s sd, made up } as follows: — Purchase money of " 176, 602 shares. £3,976582 2s 6d ; commission there upon of 2£ percent paid to Messrs N. de Rothschild and Sons, 1 £99,414 lls Id; the other expenses ' incidental to the purchase, £625 14s lOd. To provide (in part) for the above total payment, £4,000,000 was raised ' by Exchequer bonds issued at par, bearing interest at 3$ per cent per ' annum, and redeemable at par within 36 years (by the application of an 1 annual sum, not exceeding £200,000 to the payment of interest and principal). In the year to March 31, 1879', £198,829 was received from the Khedive for interest at 5 pei cent per annum on the purchase money on the Cabul shares, in conn aiders t ion of the deferment of the right to receive dividends on such shares On March 31, 1879, the assumed amount of debt remaining unredeemed was £3,809,234.