THE PANAMA CANAL.
THE PROPOSED RATES. By Cable—Press Association—Copyright. Received 17, 5.5 p.m. New York, November 16. Professor Emory Johnston, the Government expert on whose data President Taft based his Panama Canal dues, reports strongly attacking the discriminating policy. The opening of the Canal, he says, should be a sufficient stimulus. Tliey already sufficiently protected industry. Professor Johnson, defining the policy on which President Taft fixed the rates, states that the tolls should be sufficient to enable the Canal to divert 'the South American Pacific traffic from the Magellan Straits ; secondly, to prevent the use of the Cape of Good Hope route between the Atlantic Gulf coast and Australia; thirdly, to divert from the Suez Canal the trade between the Eastern United States and Singapore; fourthly, to divert the Suez portion of European commerce for the East.
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Taranaki Daily News, Volume LV, Issue 155, 18 November 1912, Page 5
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137THE PANAMA CANAL. Taranaki Daily News, Volume LV, Issue 155, 18 November 1912, Page 5
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