THE PANAMA CANAL.

Wairarapa Age, Volume XXXII, Issue 10135, 4 November 1910, Page 4

THE PANAMA CANAL.

In the Financial Review of Reviews Mr John Barrett describes from Washington, U.S.A., how the Panama Canal will affect the movement of trade. He says that the coast lino of 5000 miles, which extends south from the Isthmus of Panama to the Southern end of Chile, las year bought and sold with the rest of the world a trade valued at about £60,000,000. Northwest from Panama the coast line of nearly ,3000 miles to the north-west frontier of Mexico bought and sold 1 last year with the rest of the world j trade valued at one hundred million I dollars. When the canal is opened and the Pacific ports of these nations arc placed in close touch with the Gulf and Atlantic ports, and with those of Europe, they will add immensely to their trade. He sums up by saying:—"l can safely predict that upon the opening of the Panama Canal the world will witness a material and commercial development along the 8000 miles of coast line reaching from Northern Mexico to Southern Chile, which will not only attract the attention of the world, but astonish even the most doubting critics of its possibilities. From my experience as "United States Minister to such countries as Panama, Columbia and Argentina, and as the head of an institution one of whose chief objects is the development of commerce find trade among the American nations, I can safely say that the twelve countries, or the western sections thereof which have a Pacific coast line, and which will all be affected by the opening of the Panama Canal, are just now preparing to enter upon a period of prosperity and advancement which is worthy of the consideration not only of the Governments interested in the promotion of tlieir foreign trade, but I of all the business men, manufactur- ( ers, capitalists, and others who are looking for opportunities in foreign lands."