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PORT OF WELLINGTON.

AEBIVED. Feb 1, 4 p.m. — Elizabeth Curie, schooner, from Hokitika. Feb 1, 7 p.m. — Lady Bird, s.s., from Wanganui. Feb 1, 12 noon — Claud Hamilton, from Picton. Feb 1, 12 nooh — Star of the South, b.b., from Napier. 8 AIMED. Feb 1,5 p.m. — Phoebe, s.s., for Napier. ♦

The karque, Witch of the Tees, from London, via Hobart Town, arrived at the New Eiveu on Saturday morning. She left Hobart Town on the 27th, and encountered light winds 'nearly the whole way. She made the passage in less than six days. She ia consigned to Messrs M'Pherson, and Co. New Bottte eeom the Atiautio to thb Pacific. — Proposals hare been issued to accomplish the first step towards establishing that transit route from the Atlantic to the Pacific which has been desired and discussed in almost every civilised country for nearly twenty years past. The difficulty has hitherto, in a great degree, consisted in the inefficiency and insalubrity of the harbor of Greytown for the Atlantic termints, and the expense that would attend the canalisation of the river San Juan. Late surveys, however, by Captain Bedford Pirn have shown that at a better and more northerly part of the Mosquito Coast, at a spot called Monkey Point, an excellent natural harbor exists, whence a cheap railway may be constructed to Realejo, on the Pacific side, one of the finest harbors in the world. Thiß line would pass through the Chontales mining district, which has lately attracted much attention, and would be constructed under a ninety -nine years' concession granted to Captain Pirn, together with 1,300,000 acres of land. The proposed capital is £1,000,000, half of which is to be first issued, in the belief that it will be sufficient for a light single line capable of conveying passengers and goods at a moderate rate of speeds and Mr Hawksley is to be the Engineer-in- chief. The Panama line, which pays twenty-four per cent, per annum on a cost of £1,600,000, and at the same time puts aside extraordinary reserves for periodical distribution, makes little attempt to accommodate the traffic of goods, for which its rates are almost prohibitory, and there is full evidence that both for commercial and passenger purposes an extent of traffic remains to be developed which would not only overtax the capabilities both of the Panama and Nicaragua routes, but also of additional ones that might be opened up. At present, the Panama route is in the hands of the American company by which it was constructed, but in a few years, when their concession, which was for twenty years, will expire, it will pass to the Government of New Granada, on a payment by that Government of £1,000,000. As regards the transit to California, British Columbia, and China, and also as respects the healthfulness and capabilities of the district thromgh which it passes, the Nicaragua route has always been admitted to be far superior to any other. Its neutrality has been secured by treaty with all the leading Governments, and with the Emperor Napoleon it has been an object of constant interest. To the English public it would be satisfactory if the present scheme could be made, in equal proportions, a subject of participation with France and the United States. — Times, Nov. 26.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/ST18670204.2.4.3

Bibliographic details
Ngā taipitopito pukapuka

Southland Times, Issue 627, 4 February 1867, Page 2

Word count
Tapeke kupu
548

PORT OF WELLINGTON. Southland Times, Issue 627, 4 February 1867, Page 2

PORT OF WELLINGTON. Southland Times, Issue 627, 4 February 1867, Page 2

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