RESTORED TO USE

Poverty Bay Herald, Volume LX, Issue 18263, 5 December 1933, Page 5

RESTORED TO USE

PANAMA CANAL ROUTE EFFECT OF CHEAP DOC LAIi I FASTER SERVICE RESULTS (Per Press Association.) WELLINGTON, this day. For oveiytwo years now practically all regula(r caygo vessels leaving N’.x Zealand for England have proceeded via t ape Horn, and .a number of vessels, both laden and in ballast, have come out to New Zealand via the Tape of Good Hope. l'n both eases the reason was the same, to avoid paying Panama Cana, dues in depreciated currency. A'lei England went off the gold standard in IP3I, sterling fell considerably in terms of the American dollar, and the cost of Panama Canal dues increased enormously, liecently, with the fall in the American dollar, sterling ha. risen above parity in terms of the dollar. The tendency is now for cargo vessels to use the canal once again. The first - vessel to he diverted from the Horn route to the canal was the Port Iluon, which left Auckland last ’I hursduy. The Blue Star Line motor ship, Tuscan Star, which left Wellington on Saturday for London, is also preceding via the canal, and now the route of the steamer Cumberland, to leave Auckland next Thursday, has been changed from via the Horn to via the canal. The Cape Horn route Home is about 500 miles longer than that via the Panama Canal, and vessels proceeding that way take from two to three days more. Coming out via the Cape of Good Hope means about a week’s extra steaming.