PANAMA CANAL

Southland Times, Issue 17628, 17 April 1914, Page 5

PANAMA CANAL

HAT-PAUNCEFOTE TREATY* By Telegraph.—Press Assn.—Copyright WASHINGTON, April 15. Mr Henry White, Secretary of the U.S, Embassy in London at the time when, the Hay-Pauncefote Treaty was negotiated, told the Senate's Canal Committee unequivocally that it was never the intention of the United States to exempt any vessels using the canal from the payment of tolls. The Senate’s Committee have now ordered the production of hitherto unpublished correspondence covering the negotiations between Mr Hay and Lord Pauncefote, also that relaxing to the Clayton-Bulwcr Treaty. Professor Emory lohnson plainly declared that the United States’ foreign trade was certain to suffer as a result of discrimination in favour of American goods being shipped free of tolls to the Pacific Coast from the Atlantic Coast and then transhipped to Oriental ports. NEW INDUSTRY OPENED. IRON’ ORE DEPOSITS. SWEDISH CREAK STEAMERS. LONDON. April IS. Received April 17, RI.CJO a,m. The opening of the Panama Canal will make the utilisation of the immense iron ore deposits at Coquimho, a commercial possibility which freights by the long sea route had hitherto made a bar, to trade. A Swedish firm will construct six freak 16.000 tenners, with exceptionally deep water ballast spaces, which will he exempted from measurement under the Canal regulations as ore hulks. Small freaks would not pay more dues than 5000 tonners.