THE PANAMA CANAL INTERE T.

West Coast Times, Issue 6622, 28 October 1887, Page 3

THE PANAMA CANAL INTERE T.

M. de Les.eps's enthusiasm and fame miy blind tho eyes of the humlle French investor, but a ccoi calcula ioa of the present po.ition acd of the Panama Csml wo»l : effctually keep English capitalists fiom advancing tneii money, bp to the preser fc five rnilliois sterling have been cii tri! uted as iuteiest out of capi'a l , and the ft Honing figures ■worked cut ty tho btiiut fhow that, inclusive tf the issue ju^t projected, an annual payment is involvtd of nearly two and a hilt millions steilir g a year, "wi h only a email num of les3 than £2<jO 000 a year from the railroad investment coming in:— • Annual Interest. Ordinary capital ... ...£305 000 Fire per cent bonds 250,060 Three per cent boLda ... 360,000 Four per cect bonJa 346 000 Three per c-nt lottery, 1886... 600,000 Three per cent lottery, 1887... 610000 £2,461,000 Wi-'h tho present system of costiy finance and the rate of progress of the woik, the coßtwil amount to at leavt 120 miliiocs sterling, and the c- mpiny will have to earn twelve millions to cover w. rking expenses, interest, ;ind other charge- 1 , or about fite timea the amount earued by the Suez Canal Con.piny.

A correspondent writes to the Live Stock 1 Journal : — " Some time ago I had a sample of eggs brought to me which had been from eleven to fourteen weeks packed in wood ash. thej were pronounced by tho cook to be ■wonderfully good and sweet, and none the worse for keeping. I was assured by the man who gave them to me that eggs kepb in wood ash for four months were perfectly sweet and pleasant. These eggs were tightly packed in freah wood aeh made from hedge toppings or other »maU waste Tfood,"