£5,000,000 SAVED ON THE PANAMA CANAL.

Oamaru Mail, Volume XXXVI, Issue 11774, 29 October 1912, Page 2

£5,000,000 SAVED ON THE PANAMA CANAL.

WARSHIP TO PASS THROUGH IN OCTOBER, 1913. .

Washington. September' 19, October 15, 1913,'is'the date fixed for the passage of. the first slip'through; the Paprama ."Catewil, .and;.,the .vessel whieh : will \huv-S• .'-this hoiloi' Will.- be-: a. United States warship: Although this ship will pass through hv little more than a year from now the canal will not hs open fev trurestricted commerce until - .' ."-;•■.' Aiii tho oflicialon.eh.iug all the-foreign Powers will be inwitedl to send warships to participate in'the inauguration of the canal. Experience wdll have shown by the time of the official opening: the type of vessel which may safely navigate the canal, snd si. selected list of wai.-liips will make ifcho passage • from ocean to ocean. Owine to the vapidity with which the oana'l has been pushed .forward, and the unexpected progress which it has made. • Colonel noethals.who has the construction in charge, announces that there will: be a considerable savins on the late." 1 , estimate of £7c.OOC,COO. Colonel Goethals declares that the canal will cost £5,1X10,000 less than this estimate.