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PANAMA CANAL LOCKS WASHINGTON, D. C, Dec. 2. Secretary of War Woodring today said that studies of a third system of locks at the Panama Canal must be speeded up in the interests of national defense. Army engineers have been studying construction of a third series of locks to parallel the present double locks. A congressional resolution, however, authorized a ten-year study and then estimated ten more years would be required to construct the new locks, at an approximate cost of 50,000,000. Today, Woodring disclosed, it is the War Departments opinion that the time element must be reduced materially.