The Panama Canal.
A treaty between the United States and Colombia has been signed at Washington for the perpetual lease, renewable every century, of a canal route six miles wide, America paying seven million dollars (£1,400,000), in consideration of which Colombia relinquishes rental and other canal revenues for fourteen years. The terms for the first century's use will be arranged meanwhile, or by arbitration. The treaty authorises the Panama Company to sell its rights. The treaty will not be submitted to the United States Senate till some Canal Act has baen passed.
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https://paperspast.natlib.govt.nz/newspapers/MH19020429.2.11
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Manawatu Herald, 29 April 1902, Page 2
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92The Panama Canal. Manawatu Herald, 29 April 1902, Page 2
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