PANAMA CANAL
CABLENEWS
(TJnitxd Tress AssociaUonrfSy Sitetrie TtAegraph—Copyrtght.)
THE PROFESSOR'S REPORT. POLICY DEFINED. (Rweived Last Night, 5.5 o'clock.) NEW YORK, November 16. Professor Emery Johnson, tho Government expert upon whoso data President Taft based the Panama- Cauhl dues, has furnished a report strongly attacking a discriminatory policy The .opening of the Canal should, he says, bo a sufficient stimulus to already sufficiently-protected industries. Professor Johnson, in defining the policy upon which President Taft fixed the rates, states that the tolls should bo sufficient to enable the > Canal to divert the South A morion nPacific traffic from the Magellan Straits. In the second place, they should prevent the use of tho C.ipe of Good Hope route between the Atlantic Gulf and the coast of Australiia. Tn the third place it should divert from the Suez Canal tho trade be tween Eastern United States and Singapore; and in the fourth, it should completely divert from the Suez Canal that portion of the European commerce for tho East.
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https://paperspast.natlib.govt.nz/newspapers/WAG19121118.2.20.16
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Wairarapa Age, Volume XXXI, Issue 10713, 18 November 1912, Page 5
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165PANAMA CANAL Wairarapa Age, Volume XXXI, Issue 10713, 18 November 1912, Page 5
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