. Panama Canal traffic and tolls. he amortization of the interest upon the companys shares in 1911was 71,904,125 francs, an increase of 34 per cent over what it was in 1901. During the first decade of the com-panys operation these dividend and amortization payments increased per cent; during the second decade,97 per cent; the third decade per cent, and during the years 1900-1910, per cent. The dividends pershare of 500 francs were 165 francs in 1911, or 33 per cent. The fluctuations and the large increase in the divi-dend paid are shown in Table X and on Chart it. The difference
. Panama Canal traffic and tolls. he amortization of the interest upon the companys shares in 1911was 71,904,125 francs, an increase of 34 per cent over what it was in 1901. During the first decade of the com-panys operation these dividend and amortization payments increased per cent; during the second decade,97 per cent; the third decade per cent, and during the years 1900-1910, per cent. The dividends pershare of 500 francs were 165 francs in 1911, or 33 per cent. The fluctuations and the large increase in the divi-dend paid are shown in Table X and on Chart it. The difference between the gross earnings and the expenditures for admmistration, operation, mainte-nance, and capital charges was 35,208, francs in 1911; and from tlris were taken the sums devoted tosurplus, insurance, permanent additions and betterments, worlonens pensions and relief, founders profits,ancl pajTuents to the Egyptian Government. The income and expenses for the year ending December 31,1911, are shown in detail in Table XL. CHAPTER VL THE KAISER WILHELM CANAL: ITS TRAFFIC,TOLLS, AND REVENUES. 105 CHAPTER VI. THE KAISER WILHELM CANAL: ITS TRAFFIC, TOLLS, AND Location and Dimensions. The Imperial Government of Germany constructed the Kaiser Wilhehii or Kiel Canal to provide a water-way within German territory connecting the Baltic and North Sea ports of the Empire. The natural routearound Denmark is circuitous, dangerous because of storms, and is guarded by foreign powers. The NorthSea-Baltic Canal was begun in 1887 and completed in 1895, and, though constructed primarily for mihtaryand naval reasons, it has proven to be of great value to the commerce of Germany. The canal connects Brunsbuettel Harbor, on the Elbe, with Holtenau, on Kiel Bay. As shown by Plate 6 inthe pocket at the end of this volume, the waterway passes through lowlands and lakes and along river canal is 61 miles long; and, as first constructed, had a minimum breadth of 72 feet (22
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