Investigation of Panama Canal Tolls: Hearings Before the Special Subcommittee to Investigate Panama Canal Tolls, Eighty-first Congress, First Session, on H.Res. 44 |
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Page 5
The report further stated that no provision had yet been made for amortization of this investment , but that probably in the next 10 years the 3 - percent requirement would have been fully met as our tolls were increasing year by year .
The report further stated that no provision had yet been made for amortization of this investment , but that probably in the next 10 years the 3 - percent requirement would have been fully met as our tolls were increasing year by year .
Page 12
They try in general to pay all of their out - ofpocket expenses plus a little interest on the invested buildings and ... for all these business activities , which was a fair rate of interest on the investment in buildings and so on .
They try in general to pay all of their out - ofpocket expenses plus a little interest on the invested buildings and ... for all these business activities , which was a fair rate of interest on the investment in buildings and so on .
Page 18
One thing that does seem clear is that there is charged as an operating expense of the Canal 3 percent interest on the capital invested in the Canal , and that item of expense , which exceeds $ 15,000,000 a year , is expected to be ...
One thing that does seem clear is that there is charged as an operating expense of the Canal 3 percent interest on the capital invested in the Canal , and that item of expense , which exceeds $ 15,000,000 a year , is expected to be ...
Page 19
4 , April 1948 , Association of American Ship Owners , New York 4 , N. Y. ] OUR NATIONAL INVESTMENT IN THE PANAMA CANAL The Panama Canal Act of 1937 authorizes the President to set tolls at a rate not to exceed $ 1 per ton for laden ...
4 , April 1948 , Association of American Ship Owners , New York 4 , N. Y. ] OUR NATIONAL INVESTMENT IN THE PANAMA CANAL The Panama Canal Act of 1937 authorizes the President to set tolls at a rate not to exceed $ 1 per ton for laden ...
Page 20
THE RETURN ON OUR INVESTMENT Most attempts to calculate the profit on our national investment in the Canal become loss in the maze of accounting problems . In addition to the function of transiting vessels through the Isthmus ...
THE RETURN ON OUR INVESTMENT Most attempts to calculate the profit on our national investment in the Canal become loss in the maze of accounting problems . In addition to the function of transiting vessels through the Isthmus ...
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Common terms and phrases
accounting actual additional American amount annual appear Appropriations Army authorities Bailey basis believe BURDICK Canal tolls Canal Zone capital cents Chairman charge commercial committee Company concerned CONGRESS THE LIBRARY consideration considered construction Convention cost course cover deficit effect enterprise established expenses facilities fact fair figures foreign FUGATE future give Government Governor House increase intercoastal interest investment LIBRARY OF CONGRESS lines locks maintenance matter mean merchant military MILLER national defense Navy necessary offices operation paid Panama Canal percent period persons present President profit protection question Railroad reason recommend record reference represent Republic of Panama respect result statement STEESE subcommittee suggestion thing THOMPSON tion trade traffic transit transportation treaty United vessels Washington World
Popular passages
Page 21 - The canal shall be free and open to the vessels of commerce and of war of all nations observing these rules, on terms of entire equality, so that there shall be no discrimination against any such nation, or its citizens or subjects, in respect of the conditions or charges of traffic or otherwise.
Page 83 - The Republic of Panama further grants in like manner to the United States in perpetuity all islands within the limits of the zone above described and in addition thereto the group of small islands in the Bay of Panama, named Perico, Naos, Culebra and Flamenco.
Page 75 - Treaty shall be ratified by the President of the United States, by and with the advice and consent of the Senate thereof , and by His Britannic Majesty; and the ratifications shall be exchanged at Washington or at London at the earliest possible time within six months from the date hereof.
Page 74 - April, 1850, commonly called the Clayton-Bulwer Treaty, to the construction of such canal under the auspices of the Government of the United States, without impairing the "general principle...
Page 77 - II which the United States would possess and exercise if it were the sovereign of the territory within which said lands and waters are located to the entire exclusion of the exercise by the Republic of Panama of any such sovereign rights, power, or authority.
Page 103 - An Act to provide for the construction of a canal connecting the waters of the Atlantic and Pacific Oceans...
Page 76 - Colombia, and the sovereignty of such territory being actually vested in the Republic of Panama, the high contracting parties have resolved for that purpose to conclude a convention and have accordingly appointed as their plenipotentiaries, — The President of the United States of America, John Hay, Secretary of State, and The Government of the Republic of Panama, Philippe...
Page 72 - The contracting parties will use whatever influence they respectively exercise with any State, States, or governments, possessing, or claiming to possess, any jurisdiction or right over the territory which the said canal shall traverse, or which shall be near the waters applicable thereto, in order to induce such States or governments to facilitate the construction of the said canal by every means in their power.
Page 73 - ... sufficient capital subscribed to accomplish the contemplated undertaking; it being understood that if, at the expiration of the aforesaid period, such persons or company be not able to commence and carry out the proposed enterprise, then the Governments of the United States and Great Britain shall be free to afford their protection to any other persons or company that shall be prepared to commence and proceed with the construction of the canal in question.
Bibliographic information
| Title | Investigation of Panama Canal Tolls: Hearings Before the Special Subcommittee to Investigate Panama Canal Tolls, Eighty-first Congress, First Session, on H.Res. 44 |
| Author | United States. Congress. House. Committee on Merchant Marine and Fisheries |
| Publisher | U.S. Government Printing Office, 1949 |
| Original from | the Library of Congress |
| Digitized | 12 Mar 2007 |
| Length | 138 pages |
| Export Citation | BiBTeX EndNote RefMan |