5,790,845l. sterling[1], Contributions of the Daira, which is to be paid immediately upon the money coming in, 684,411l. ; general total of revenne devoted to the service of the Unified General Belt, 6,475,256l[2].
Art. IV. The bonds of the General Unified Debt shall be issued in sums of 20l., 100l., 500l., and 1000l. sterling, with coupons payable half-yearly. The drawing of bonds for the half-yearly redemption will be effected by the Managing Commissioners of the Treasury of the Public Debt[3]. These bonds shall be delivered in exchange for the bonds of the old loans and the bonds of the floating debt on the conditions prescribed in Art, I. of the present Decree.
Caisse. Art. V. A group composed of banking houses and financial establishments has undertaken by contract the operation of the unification of the debt. Special Government Commissioners shall be appointed by us to watch over the regular execution of these operations.
Art. VI. For the service of the Unified Debt a special Treasury is created, the statutes of which are laid down in our preceding Decree, which is to be considered as complementary of the present Decree.
Art. VII. Our Minister of Finance is charged with the execution of the present Decree.
Done at Cairo, the 7th day of May, 1876.
No. XIV[4].
We, the Khedive of Egypt,
Considering that the Decree of the 7th May, 1876, relating
- ↑ As to all the italicised items, see the Law of Liquidation, Art. 9.
- ↑ For the altered total, see the Goschen-Joubert Decree, Art. 5.
- ↑ See Art. 15 of the Law of Liquidation.
- ↑ Parl. Papers, 1879, Egypt, No. 2, p. 28. Note, that this Decree has been modified by subsequent legislation to a greater extent than could be conveniently indicated by italics.
