THE SUEZ CANAL.
Result of Gonvention< (BY ELECTRIC TELEGRAPH - COPYRIGHT ) (re.uter's TELEGRAMS.) London, Dec. 1. It is announced that a convention has been concluded between Lesseps and a syndicate of Britisli shipowners. The convention makes the followingprovisions : — 1. Seven additional directors, all of whom shall be Englishmen, will be appointed to be a board of directors for the Canal Company. 2. Consulting committees to be appointed to act m London with tbe English directors. 3. The sur-tax at present levied to be abolished from January next, and pilotage dues m July, 1884. 4. Tiausit dues to be reduced to fifty centimes per ton from January, 1885, and further reductions will there after be made m proportion to the profits realized by the Company. 5. A competent committee composed of ope half of Englishmen, will determine whether the present Canal should be enlarged or a second one be constructed.
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Bibliographic details
Manawatu Standard, Volume IV, Issue 4, 3 December 1883, Page 3
Word Count
148THE SUEZ CANAL. Manawatu Standard, Volume IV, Issue 4, 3 December 1883, Page 3
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