Panama Banal Treaty

Grey River Argus, Volume 57, Issue 10520, 26 January 1903, Page 3

Panama Banal Treaty

Referred to Foreign Relations Committee

The Schedule of Conditions

(PEE PBE3S ASSOCIATION.) [BY EIECTRIO TJSLKORAPa— COPYRIGHT.] (Received afc 4 45 p m.) "Washikgtojt, Jan 24. The Panama Canal Treaty has been referred to the American Senate's 'Foreign Relations Comouittee, It provides that America pays ten millien dollars in gold, aad thereafter an annuity of a quarter of a million of dollars ; and instead of Haj'a offer of 100,000 dollars for the lease of a zone six miles wide bordering the canal, America is given the right to protect by a military force such zone if the Republic of Columbia is unable to do so,

I The Treaty also provides for the lease of the canal for a century. Colombia, however, is to have a voice in that matter. The control of the waters from Colon to Panama is vested in America in order to ensure the wo- king of the canal; and America's extra-territorial jurisdiction ia regard to the terms pertaining to the canal is to be unquestioned. The port dues go to America in consideration of the payment of the annuity.