THE PANAMA CANAL.
THE SCHEME COLLAPSES.
(BY KLKCTIUC TELKGSAPII—CUI'YKIGHT,) I'akir, December 15. The Government took a division on the Bill to render assistance, when the measure was rejected by 262 to 188. It is intimated that the liability of the Panama Canal scheme is a billion francs. M. de Lesseps, weeping with joy, first assured the subscribers to the Panama Canal Loan that it was safe, and that its enemies were confounded. It was discovered that only one-sixth had been subscribed. The crowd surging round the office of the company insisted on seeing M. de Lesseps himself. His son announced that uoihing remained bat bankruptcy or the winding up of the company. The announcement caused the greatest excitement, as sixty million sterling of money is invested in the affair.
Charles cle Lesseps states that if the Panama loan is a failure the money will be returned to investors.
Three liquidators have been appointed, and the company suspended payment on Friday.
The French Government proposed by their Bill to suspend interest on the Panama Canal Company's payments for three months.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WT18881218.2.23
Bibliographic details
Ngā taipitopito pukapuka
Waikato Times, Volume XXXI, Issue 2565, 18 December 1888, Page 2
Word count
Tapeke kupu
179THE PANAMA CANAL. Waikato Times, Volume XXXI, Issue 2565, 18 December 1888, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in