The Panama Canal
Our Parhujorrespondent writes : — tJtartha&Afforl; is about to be made to float the- Panama Canal undertaking*- M. Leniarguis, the reprenentftljive of- the bond holders of the conjgany, .announces by a circular letter, teat the liquidators has con* olude?t.»«gotiations with M. Bartis?ql, a contractor, who has drawn up a plan for the resumption of the ifodfif. < An initial capital of 60,000,OOOir will be required. In order to o/Mttplste fehfr-canal within a period O&iouE. years from the beginning of tlM'itew works, 500,000,000 fr will he naotfssary. M. Lemarguis, after )6riW&presßed his belief that all tfM^mdholclers desire the continu • •ttoe or the enterprise, states that M. Eiffel will subscribe 10.000.000fr. to the new. oqmpany, - and that. M. Bartiaßol will," give 5,000,000fr. a quarter tit foe initial capital being ttfato (guaranteed. M. Bartissol's pjAoZis to'be submitted to a technical committee, and should that body report on it favourably, a definite agreement will be drawn up bejittfifija-tha contractor and the new company.
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Manawatu Herald, 7 April 1894, Page 3
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159The Panama Canal Manawatu Herald, 7 April 1894, Page 3
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