. THE CHANNEL TUNNEL.
The City thoroughly approves of the Prime Minister's decision to appoint a Committee of Experts to consider what may be termed the economic aspects of the proposed Channel Tunnel, and in particular the practicability of the scheme. At a later stage, no doubt, all kinds of questions, political and military, may arise affecting the final decision to be taken, but meanwhile the point would seem to be to consider in practical fashion first, from the engineering point of view whether the scheme is feasible, second its financial costs, and third its economic aspects. Satisfaction in the City with regard to the step taken by the Premier is the more pro- nounced owing to the nature of the composition of the Com- mittee, and especially by reason of the fact that the Chairman is to be Mr. E. R. Peacock of Baring Brothers. * * * *
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