SUEZ CANAL.

Dominion, Volume 2, Issue 521, 31 May 1909, Page 5

SUEZ CANAL.

FINANCES FOR THE YEAR 190#. / < (bt TiLEoitirH—rnrso - association—copieight.) ' (Rec. May 30, 4.-45 p.m.) , \; •' ' London, May 29.: . During the year IDO3-.the revenue of the Suez Canal was £4,469,740,-or- £345,000 less than' in 1907. - Tho expenditure was £1,798,515,; or -£50,815 more than in 1907. The dividond remains at £5 125.,6 d. , THE REPORT FOR 1907. ■ Tho / Suez Canal- is- tho property of an- Egyptian-, company, authorised by . tho Viceroy in' .1858,'; and . confirmed -by the Sultan, ten years' later. 1 the , concession having been granted to 'the late M. -f0r.,09. years from No-' i'vember, . 18S9. / The ' general management ,* is conducted :from 'Paris,: aiid • the statutes 'are : ..framed in ■ accordance :ivith; French-. Company . Law.., ; In- 1875 tho British Government' pur- - chas»:l the Khedive's shares for nearly 000 sterling. The affairs of tho Canal are oarriod on by. an Administrative Counoil of 82 members, of; whom, ten are British, three of the latter .being nominated by the', Government. The reWort for 1907, adopted at tho meeting:in Paris i m' DD6 '.'^"B,"'recorded. an: increase-: in tho ;. tratflo, owing to.' the general "activity of - trade. • J;ho : gross'receipts for. '1907 were £4,804,710 or ■£325,176 more than iii tho \provious year. The total .expenditnre'- was X 1,715,700, or iC0i.521 more than in ; 1906. . The 1 amount to bo dis.■.tribttved.il). dividends wos .£2,855,486, and the net. dividend: il2s. od. ;per share • against I ; , White Paper issued last July stated-.that during tho year. of. 3251 mer-.ohant-'vessels and vessels .in ballast, of a net : tonnage ,of .11,001,341t'ohs,^' passing through the > canal, 24-11' ships, of a net tonnage of 8,573,081 tons, were British; being fully 75 per cent, of the '.total,-, ana-nearly 78 per cent, of the tonv nagej 311, or o.s,per cent., wore German vessels,whose tonnage, was teii per cent, of:the whole; : ± ranee,-. Holland, Russia, Austria-Hungary, Den- . - -mark,. .Norway, and Turkey - combined - furnish- ■ 8 ! ,per . ociit. of the vessels and trado P to r the n Eas o t. tto ' tonna S°, the trying