Panama Canal.

Stratford Evening Post, Volume XXXVIII, Issue 72, 16 March 1914, Page 5

Panama Canal.

THE RWANGIAL ASPECT,

EFFECT OF TOLLS EXEMPTION.

[Hy Electric Telegraph—Copyright [United Press Association.] (Received 8.50 a.m.) London, March 15. New York, March 15.

Professor Emery Johnson, addressing a banquet to Pennsylvania Univer-sity-men, said taxpayers were obliged to meet a loan of four million sterling during the first ten years of the operation of the Canal. It would be necessary to secure a revenue of approximately four millions annually to meet the operation, sanitation, and annuity charges payable to the Panama Republic and other charges. If all vessels paid tolls, the revenue from the Canal at the end of ten years would cover the annual outlay for operation expenses, also charges upon the capital. Tf American ships were exempted, the Canal would not be self-supporting. Professor Johnson declared there was no doubt, that the intention of those who negotiated the Hay-Paunee-fote Treaty was that the United States should be granted no rights which other nations did not receive.