GERMAN AFFAIRS.
GREAT CANAL PROJECT RHINE-MAIN-DANUBE AND CO tl ( 'Per Pre«s Association —Copyright). LONDON, January 9. correspondent reports that Rhine-Main-Danube Coy., has been formed to complete the 1700 mile ship canal, connecting Rotterdam with Calatz. Already barges can use the rivers and canals concerned, but the latter will be widened to allow 1200 ton vessels to traverse them. The capital is 1,200,000,000 marks. The company is thus the heaviest capitalised concern in Germany. The German Bavarian and other Governments subscribe 600,000 marks. German mun'icipalties another 300,000 and the rest is provided 'ey the Deutschebank and four other Rhineland banks. The shares carry seven per cent, interest, of which the German and Bavarian Governments guarantee five per cent. At 40 of the largest German locks, electric power stations will be built, giving 400,000 horse power, and these should be an important, source of income.
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Bibliographic details
Waimate Daily Advertiser, Volume XXI, 11 January 1922, Page 1
Word Count
143GERMAN AFFAIRS. Waimate Daily Advertiser, Volume XXI, 11 January 1922, Page 1
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