6i +
EGYPT.
At the side of the council stands a ministry, divided into three departments, of finance, of home, and of foreign affairs.
The revenue of Egypt for the year 1868 amounted, accord- ing to semi-official reports, to 7,478,800/., and the expenditure to 4,827,700/., leaving a surplus of 2,451,100/. It is very doubtful •whether this statement is correct ; but no means exist of verifying it, official returns of details of income and expenditure not being published. Former years showed large deficits, amounting to from 500,000/. to 1,000,000/. annually. The deficits created a floating debt, amounting, at the end of 1869, to upwards of 10,000,000/.
Exclusive of the floating debt, Egypt has a very large consolidated debt, consisting chiefly of foreign loans. These are divided into two classes, namely, general loans, supposed to be contracted by the country, and loans of the Khedive, as sovereign and greatest of landowners. The following table shows the state of the debt, both general and that of the Khedive, on the 1st of January 1870 : —
General loans
Capital due Jan. 1, 1870
Interest
Sinking fund
Interest &
sinking
fund for
1870.
Date of promised repayment
Rate
Amount
Loan of 18 62 (1st
issue) Loanofl862'(2nd
issue)
Loan of 1864 .
Railway loan of 1865
Loan of 1868 .
Medjidieh Obli- gations .
Total
£
\ 1,980,000
I 990,000 4,407,900 I 2,500,000 11,767,000 I 141,108
7 7 7 7 7 7 7 7 7 7
10 10
£
69,300
68,635
34,650
34,347
154,277
148,824
87,500
70,000
411,845
409,570
7,055
4,924
£
19,000
19,000
9,500
9,500
155,800
161,300
500,000
500,000
65,000
67,000
42.681
42,626
£
88,300
87.635
44,150
43,817
310,077
310,124
587,500
70,000
476,845
476,570
49,612
4,924
1 1892
1 1879
}l874 |l898 \l872
21,786,008
1,500,897
1,048,726
2,549,623
Loans of Khedive
Capital due Jan. 1, 1870.
Interest ■
Sinking fund
Interest &
sinking
fund for
1870
Date of promised repayment
J 1881 j 1878 \ 1881
Rate
% 7 7 8 8 9 9
Amount
Laira loan of
1866 .
Halim Pacha
loan of 1 864 .
Must, Pacha
loan of 1867 .
Total .
£
I 2,876,840
| 226,200 \ 1,847,200
£
100.689
97.700
9,048
8,324
83,151
83,151
£ 8 ',500 86.400 18,100 18,100
91,700
£
184.18!' 184,166
27,] ta
8,324
83,151
174,851
661,830
4,950,240
382,130
270,700
