GUST 9, 1939
·Page
TUNNEL COULD BE £50,000,000
of
consider that the construction the tunnel would entail an unpro- fitable capital expenditure in case of disarmament. A cessation of th armament race would, be followed national trade such as has never I by a revival and expansion of inter-
for doubt as to matter of finance. In 1929-30 btained. From the held the firm conviction that both
there are no in- in England and in France the been witnessed. ies.
moneys could be raised for build-
Concurrently with the construc-
of construction. ing the tunnel without State assis- tion of the tunnel the interchange
id, to start with. tance. It was then estimated that an of 1882, as mo- £5,000,000 would be necessary, for the pilot tunnel ineers' report to
and further ission, either us- £25,000,000 for the ruilway tunnels.
bat still exist on
g down new ones
Et. to 150ft. From
ross the Channel, f 24 miles, at a at £5,000,000 above-mentioned
a
FINANCING THE SCHEME-
se we would bore, since 1930 that it would now be out Conditions have altered so much vious grey chalk,
to 12ft. in dia- of the question to raise the moneys from the public, and the financing must be the concern of both Gov- ernments. A private bill to promote the building of the tunnel would, even if not opposed by the British Government, meet with the opposi- us theories as to tion of the railways, shipping com- should be when panies and other transport inter finished, and we ests, and would therefore be very ost careful study costly to promote without certainty ain which would of success.
on
the Continent
Tunnel
The best known Secondly, I always counted s the following: investors all over lot tunnel galler- and the United States subscribing to enable work heavily to the shares of the respec- multaneously on tive English and French aces on the two Companies, but the incidence ls, each 18ft. in double taxation, the restriction on of these
tunnels the export of capital, the discredit he original pilot into which all railway stocks have ably be used as fallen in the United Kingdom
as
to
tility
To make this well as elsewhere, the policy of all tunnel would he Governments, no matter how heavy hile the main the risks originally incurred,
gntly concave limit the profits of public ches it is calcu- concerns, let alone the high elds tunnels will be obtainable at present on industrial vould take about equities, have destroyed any rea- ars to construct. sonable hope of finding the catal ould have taken for the tunnel scheme from printe half years, mak- investors.
nd
sand
a half and I believe that if the scheme is thoroughly investigated by the i- ve a double track tish and French Governments, they. others are twin will agree that it would be a mot Jer diameter. In important contributory factor jnels would be mutual security. The mere fact of y facilitate the an agreement between England extent, especial- and France to build it would have ilation problem great moral effect. Several thou
million pounds are being. apprehensive spent on defence. Why should the Actually, en- two Governments hesitate to spend the longest tun- some £5,000,000 more to place be- nine to 12 miles yond doubt the feasibility of the ventilating sys- tunnel project, and up to £50,000,- carded them as 000 in all, spread over the next five. the train itself to six years, if it will make peace pumps sufficient for them better secured or facili- We should, how- tate their victory in case of war? lation and only
e
found MORE TRADE AND TRAFFIC
Nor must it be thought that I
it was
he all-important
By George McManus
HIS SON-BY GOLLY. BUT IT WOULD BE A HAPPY. DAY FOR MAGGIE IF OUR DAUGHTER. MARRIED IN-
TO THE NOBILITY-
WHO KNOWS?
of passenger traffic between Eng- land and the Continent would re- ceive an enormous impetus. I would be astonished indeed if, under such conditions, the passenger traffic, which now exceeds some 2,000,000 travellers a year, were not imme- diately doubled or trebled. The proportion of Continental travellers
in- the
visiting England would undoubted ly show by far the greatest traffic through the tunnel affording crease. Therefore, apart from a reasonable return upon the capi- the Continental visitors in England tal expended, the moneys spent by would have a most important fa- of payments. vourable bearing upon our balance
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