Waterways and Water Transport in Different Countries: With a description of the Panama, Suez, Manchester, Nicaraguan, and other canals.Jeans, J. Stephen (James Stephen)
History
Waterways and Water Transport in Different Countries: With a description of the Panama, Suez, Manchester, Nicaraguan, and other canals.
Jeans, J. Stephen (James Stephen)
Canals
The financial success of the Suez Canal has exceeded the wildest dreams
of its promoters. The increase of tonnage that has passed through it
has been extraordinary. So, also, has been the income and the net
receipts of the company. The net tonnage that used the canal in 1870
was only 436,609 tons. Ten years later the tonnage had increased to
3,057,421 tons. In 1885 the tonnage had further increased to 6,335,752
tons, which was the greatest that had passed through in a single year
up to that time. In the last-named year the shipping that used the
canal was more than thirteen times as much as it had been fifteen years
before.
The income and working expenses of the Suez Canal have varied as
follows, compared with the annual income:—
───────────┬──────────────┬───────────────┬─────────────────────
│ │ │Percentage of Working
Year. │ Income. │ Working │ Expenses on
│ │ Expenses. │ Income.
───────────┼──────────────┼───────────────┼─────────────────────
│ £ │ £ │ ..
1870 │ 754,532 │ 754,532 │ ..
1875 │ 1,233,785 │ 717,860 │ ..
1880 │ 1,672,836 │ 682,457 │ ..
1883 │ 2,740,933 │ 758,861 │ ..
1886 │ .. │ 754,567 │ ..
───────────┴──────────────┴───────────────┴─────────────────────
The heaviest items on the expenditure side are the interest and charges
on capital, the administrative charges, transit, navigation, and
telegraph charges, and maintenance of plant and warehouses. The two
latter items, with water supply, make up the working expenses, less
administration, and they amount unitedly to less than 180,000_l._ a
year, or about 7 per cent. on the total gross annual receipts.
There is a not uncommon impression that the trade for the East is now
carried on almost exclusively with steamships _viâ_ the Suez Canal.
Those who are actually engaged in the shipping trade, of course, know
differently, but it is not unimportant that the general public should
also know the facts, and we have, therefore, taken some pains to
ascertain them.
──────────────────┬─────────────┬──────────────┬──────────────
│ Total. │ Steam Ships. │Sailing Ships.
├─────────────┼──────────────┼──────────────
│ tons. │ tons. │ tons.
Vessels entered │ 1,957,000 │ 1,112,000 │ 845,000
Do. cleared │ 3,099,000 │ 1,921,000 │ 1,178,000
├─────────────┼──────────────┼──────────────
Totals │ 5,056,000 │ 3,033,000 │ 2,023,000
──────────────────┴─────────────┴──────────────┴──────────────
Public-domain text, read in full here on John Shaqi.
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