CANAL MUST BE SELF-SUPPORTING.

Hawera & Normanby Star, Volume XLVI, Issue XLVI, 16 March 1914, Page 5

CANAL MUST BE SELF-SUPPORT-ING.

(Received March 16, 8.50 a.m.) NEW YORK, March 15. Professor Emery Johnson, addressing a banquet to Pennsylvania "University men, said taxpayers would be obliged to meet a loan of four million sterling for the first ten years from the opening of the canal. It was necessary to secure a revenue of approximately four millions annually to meet the cost of operation, sanitation, the annuity payable to the Panama Republic, and other charges. If all vessels paid the tolls the revenue from the canal at the end of ten years would cover the annual outlay for other expenses and also charges upon capital. If American ships were exempted the canal would not be self-supporting. Professor Johnsoon further declared that there was no doubt that the intention of those who negotiated the Hay-Pauncefote treaty was that the United . States should be granted no rights that other nations did not receive.