20 JANUARY 1872, Page 3

The Times appears to believe we shall get the Tunnel

under the Channel after all. At least it announces that the British Govern- ment has granted all needful concessions, and that a Company has been formed, with some great names on it, to run a driftway between Folkestone and Cape Grisnez, preparatory to making the tunnel. If the driftway can be cut safely through the chalk, the greatest difficulty, namely, a possible " fault " in the chalk, will have been shown not to exist, and the engineers can go on in safety. As the driftway, however, will cost from a million to a million and a half, and there is no guarantee either of success or interest, it may be a little difficult to raise the money. The Times gives the project four columns of its largest type, but adds that "there hangs over it an element of extreme uncertainty."