INLAND SHIPPING.
GERMAN CANAL SCHEME. A VAST ENTERPRISE. By Telegraph.—Press Assn.—Copyright. Received Jan. 10, 5.5 p.m. London, Jan. 9.
The Daily Chronicle’s Berffn correspondent reports a Rhine-Main-Danube company has been fromed to complete seventeen hundred miles of ship canal, connecting Rotterdam with Galatz.. Already barges can use the rivers and canals concerned, but the latter will be widened to allow twelve hundred ton vessels to traverse them.
The capital is twelve hundred million marks, and the company is thus the heaviest capitalised concern in Germany. The German, Bavarian, and other Governments subscribe six hundred million marks, German municipalities another three hundred millions, and the rest is provided by the Deutche Bank and four other Rhineland banks. The shares carry seven per cent, interest, of which the German and Bavarian Governments guarantee five per cent. At forty of the largest German locks electric-power stations will be built, giving lour hundred thousand horsepower, and these should be an important source of income.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 11 January 1922, Page 5
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162INLAND SHIPPING. Taranaki Daily News, 11 January 1922, Page 5
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