Nicaragua Ship-Canal. Report of the Executive Committee to the Members of the Provisional Society

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Tows, (a) Vessels employed in trade between Atlantic ports of the United States and Australia -, ...- 79 53*^85 {b) Vessels employed in trade between Atlantic ports of the United States and Chili =4 17,120 {c) Vessels employed in trade between Europe and Chili 37a 368,193 {d) One-half the tonnage employed between Atlantic :ports of the United States and China and Japan — (estimated) 52 64,604 {e) Vessels engaged in guano and nitrate of soda trade between Atlantic ports of the United States and ...ports of Europe, with the western coast of South America, 8ro 810,000 Total 1,337 1,313,^2 Deducting the above amount he arrives at 1,624,784 tons as representing the probable business of the Canal.
The first error to be corrected is an estimate based on regis- tered and not actual tonnage capacity, which, with steamships, makes a large difference in favor of the Canal, for tolls deal with carrying capacity.
Item 1, Table 1, representing a trade mostly conducted by steamships, may be increased for tonnage by, say, 40 per cent., giving 746,200 tons for Canal charges.


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