SUEZ CANAL.

Dominion, Volume 3, Issue 640, 18 October 1909, Page 7

SUEZ CANAL.

COMPANY'S EXTENSION or LEASE. (By Telegraph -Press Association -Copyright 1 London, October IS. Tho Sues Canal Company has obtained in csttasion of the haw of tho canal till iho year 2013 (f). Tho contract will bo signrd Shortly.

THE PRiME"MiNISTER. AND' .THE CAMAi •■■;:■■■ .■• ;,:' A DUES. r:C- -. .V'V-VvU

.'Oh the 1 above .message ■ being Jbiroug&t under his'.-notice;by' ft DflMiNiou-feporta; the Prime Minister stated:, that he trusted provision 1 !iod bean made' for a- reduction'' in.the'rates in respect of • voesols trading between, tho' Mothwlind 'ftfiid\th6■' ooWies. . H«- pointed- iut that ifuoh.a coAcoseida *ould,iaean a great deal fer Now. Zoalind in t 'Addition'.. to .the.factlthat it shorten ,■Wβ passage as far "Sβ--.goods' traffic-was concerned- appreciably. • Ihjieome itistanc(i3 ; (ho (continued) trading ivoeaols from Suez route, but - it. -vas found to ,bo far too. expensive.-in-- the case of; New Zealand-tredersj , if,' horovori the rates wore* substantially reduced, .vessels .trading to New Zealand might in the event of slack /times proceed to;A«stralia tofill up.boforo returning Home.-- : ';•:■■.■';■;-.'; ■' '■' ■ '■!'..■' ■•■:■•-'■..- •■•■■ vlt will bo" remomborcd that Sir Josoph dealt \vith this subject on r -the. 'ooca-sioh of'.'the Imperial' Conieronce In; 1907. '> , "There is -: nothing," he said,' "that would , do New-'Zealand and Australia,more good than an alteration, in the coiiduot of the Sues! Canal, '.- \ . rjl'y owfl belief is thatUt-iWtmltlipay:Great Britain,.and !it would pay. pur colonies to join in it—and it would pay. tlie' French , Government handthe Site* Canal free for.our' and their own ship 3, and to ftllow our respecthecountries to pay to the.sharehblders the whole ofthe interest' they arof-» getting, j-dn • their capital■ no*.. ;TO-day pur carirp.steamers which ate trying to keep ftt toitoh tvitli England nave to take a'fprty-flvoor.'.fifty 4 daye'. trip to tot here, (England)'with bur, perishable goods.,'.?. Unless ■~you• ■•''get■■.'some /poworfully-orgaiiijed wealthy -corporate uod?..- whose,people pay-.;the onorinoiie upon ships, passengers, and cargo going thorUgh the canal, you donot get it used generally, rrniwri by; oargo steamers. -; s , I-do apt ltnorf'ty exact mothod by which it cftti be done, but-I'.havo a wottal hatred of the .toll bar. .V ;'■'.-. The country-1 represent wonld willingly- do. , its' share towards iiuproving the present position of the cannl." . '