Panama Tolls

Taranaki Daily News, Volume LVI, Issue 271, 17 April 1914, Page 5

Panama Tolls

THE C-iSE AGAINST EXEMPTION. THE SENATE INVESTIGATION. Ry Cable—Press Association —Copyright W-.isbingtoii, April 15. Mr. I-lenn White, Secretary of the Embassy in London when the HayPauncefote Treaty was negotiated, told the Senate Canals Committee unequivocally that it. was nnvcr the intention of the United States to exempt any vessels passing through the canal. The Senate Committee ordered the production of hilliero unpublished correspondence covering the negotiations in connection with the ITay-Pauncefote and also the Clayf on-Bulwer Treaties. Professor Emory Johnson declared that foreign trade was certain to suffer from discrimination by American goods being shipped free of tolls to the Pacific Coast from the Atlantic and thence , transhipped to Oriental ports. CANAL'S EFFECT ON TRADE. UTILISATION OF IKON ORE DEPOSITS. DODGING CANAL DUES. Received 17, 12.30 a.m. London, April 16. The opening of the Panama Canal will •make the utilisation of immense 'iron ore deposits in Coquimbo a commercial possibility. High freights and the long sea route have hitherto been a bar to trade. Swedish firms are constructing 16,000ton steamers with exceptionally deep water ballast spaces, which are exempted from measurements under the canal regulations. As the ore bulks small, these freaks will not pay more than (5000-tons vessels. v