NEW CANAL.
♦Nicaragua Water Way
Wanted.
PARALLEL TO PANAMA.
WASHINGTON*, March 28.
A hill was introduced in the Senate yesterday by Mr. Kenneth I. McKellar (Democrat, Tennessee), providing for the immediate construction of a Nicaragua Canal to run parallel to the Panama Canal. Tlio measure proposed that the new canal should be financed by a loan of £40,000,000 for o0 years at 3 per cent in Government bonds.
The promoter said a Nicaragua Canal would be a paying investment and would restore American prestige in Nicaragua, turning bandits into labourers. He asked for a vote of £2,000,000 for a survey.
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Bibliographic details
Auckland Star, Volume LIX, Issue 75, 29 March 1928, Page 7
Word Count
100NEW CANAL. Auckland Star, Volume LIX, Issue 75, 29 March 1928, Page 7
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Acknowledgements
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