HANDICAP TO BRITAIN.
SUEZ CANAL DUES.
EXCESSIVE BATES ALLEGED
HIGHER. THAN PANAMA,
Untied Press Assn.— -Elec. Tel. Copyright LONDON, May 15.
Sir Archibald Wilson, addressing the Royal Empire Society, of the Migration Committee uf which he Is chairman, urged that in view of .Britain’s overwhelming interest In the Suez Canal ! British representation on the board should not be confined to retired private secretaries.' He said the Suez Canal dues were nearly, 25 per cent greater than those of the Panama Canal, although the latter cost more and the running costs were double. American trade with the Par East and Japanese trade with Asia thus had an advantage.
Britain should assert her interest against the company’s high-handed methods and excessive, charges. A message from Paris says the bal-ance-sheet of the Suez Canal Company reveals that receipts In 1932 were £1,700,000 less'than in 1931. A gross dividend of £6 was declared. Tonnage declined s.6'per cent in the year.
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Bibliographic details
Waikato Times, Volume 113, Issue 18947, 17 May 1933, Page 7
Word Count
156HANDICAP TO BRITAIN. Waikato Times, Volume 113, Issue 18947, 17 May 1933, Page 7
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