SUEZ CANAL
DECREASE IN TRAFFIC LOWER TOLLS POSSIBLE LONDON, Feb. 20 The traffic through the Suez Canal in 1932 totalled 28,340,000 tons, a reduction of 5 2 per cent, compared with 1931. The British tonnage declined by 903,000 tons, but still was per cent of the total. The Paris correspondent of the Financial Times says Suez Canal shares are falling heavily owing to the belief that, in spite of official contradictions, the directors are contemplating a reduction of the tolls. It is believed that the company otherwise will lose indefinitely the greater part of the British traffic. Well-informed circles in London believe that a united front among British interests would secure a reduction in a few months.
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Bibliographic details
New Zealand Herald, Volume LXX, Issue 21423, 22 February 1933, Page 9
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117SUEZ CANAL New Zealand Herald, Volume LXX, Issue 21423, 22 February 1933, Page 9
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