Page:Statesman's Year-Book 1871.djvu/650

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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 \l872
 * l898

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

\ 1,847,200
 * 226,200

£

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