Panama Canal finances: hearings before the Subcommittee on Panama Canal of the Committee on Merchant Marine and Fisheries, House of Representatives, Ninety-fourth Congress, second session, on H.R. 12641 ...
United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Panama Canal
U.S. Government Printing Office, 1977 - 546 pages
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accounting action additional agencies American amortization amount answer appropriate Army assets authority base basis believe Board Canal Zone Canal Zone Government capital cargo Chairman changes charges citizens Committee concerned Congress considered construction containers continue costs Department depreciation determined direct economic effect employees established existing expenses fact fiscal going Governor PARFITT hearings House increase indicated interest investment KUJAWA legislation loss marginal matter measurement ment METCALFE million negotiations Office operation organization paid Panama Canal Company Panamanian payments percent period position present President problems proposed question rates reason received record referred Republic of Panama result rules Secretary Secretary VEYSEY ships SNYDER sovereignty statement SULLIVAN Thank tion toll increases tolls tons traffic transit treaty United vessels wage
Page 116 - 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. Such conditions and charges of traffic shall be just and equitable.
Page 116 - It is agreed that the canal may be constructed under the auspices of the Government of the United States, either directly at Its own cost, or by gift or loan of money to individuals or Corporations, or through subscription to or purchase of stock or shares, and that, subject to the provisions of the present...
Page 116 - ... 3. Vessels of war of a belligerent shall not revictual nor take any stores in the canal except so far as may be strictly necessary; and the transit of such vessels through the canal shall be effected with the least possible delay...
Page 115 - ... or infringed in any way whatever, it is expressly stipulated that neither of the two contracting parties shall ordain or authorize any acts of reprisal, nor shall declare war against the other on complaints of injuries or damages, until the said party considering itself offended shall have laid before the other a statement of such injuries or damages, verified by competent proofs, demanding justice and satisfaction, and the same shall have been denied, in violation of the laws and of international...
Page 397 - 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 114 - Granada guarantees to the Government of the United States that the right of way or transit across the Isthmus of Panama, upon any modes of communication that now exist or that may be hereafter constructed, shall be open and free to the government and citizens of the United States...
Page 133 - The Republic of Panama grants to the United States in perpetuity a monopoly for the construction, maintenance and operation of any system of communication by means of canal or railroad across its territory between the Caribbean Sea and the Pacific Ocean.
Page 141 - That the Secretary of the Treasury is hereby authorized to borrow on the credit of the United States from time to time, as the proceeds may be required to defray expenditures authorized by this Act...
Page 119 - The same right and authority are granted to the United States for the maintenance of public order in the cities of Panama and Colon and the territories and harbors adjacent thereto in case the Republic of Panama should not be, in the judgment of the United States, able to maintain such order.
Page 122 - ... all right, title and interest which it now has or may hereafter have, in and to the lands, canal, works, property and rights held by the said companies under said concessions or otherwise, and acquired or to be acquired by the United States from or through the New Panama Canal Company...