1332
TURKEY AND THIBUTARY STATES: — EGYPT
Revenue
■J 911 £E
1912 Estimates^
Expenditure
1911 £E
1912 Estimates
Direct taxes :
E£
£E
Land tax, &c.
5,528,174
5,624,000
Civil List ....
281,720
280,496
Indirect taxes :
Expenses of Administration
4,901,008
5,361,747
Customs .
2,108.779
1,840,000
Expenses of Revenue Earn-
Tobacco .
1,008,568
1,500,000
ing Administrations :
Miscellaneous
Railways ....
2,070,704
2,179,891
taxes
140,612
148,000
Telegraphs
109,926
113,285
Receipts from
Post Office
279,998
2^4,606
Revenue earn-
Army:
ing Adminis-
Egyptian Army
673,839
715,817
trations :
Army of Occupation
146,250
146,250
Railways
3,728,894
3,445,000
Pensions ....
500,739
550,000
Telegraphs
126,966
118,000
Tribute and Debt :
Post Office .
312,333
300 000
Tribute ....
665,041
665,041
Receipts from
Expenses of Caisse de la
Administrative
Dette ....
34,984
35,000
Services :
Consolidated Debti .
3,552,260
3,552,266
Ports and
Non-Consolidated Debt .
336,396
346,145
Lighthouses
420,801
375,000
Soudan Deficit .
360,000
335,000
Ministry of
Sundries . . i .
102,871
102,456
Justice
1,428,001
1,355,000
Miscellaneous
Revenue
1,203,622
1,135,000
Total Ordinary Expen-
" '
diture
14,137,802
14,668,000
16,792,750
15,900,000
Special Expenditure .
Total ....
734,253
14,872,055
732,000
Total .
15,400,000
1 Exclusive of the Domains Loan.
The foreign debt of Egypt began in 1862, when loans amounting to 3,292,800^. were issued for the purpose of extinguishing the floating debt. Other issues followed in rapid succession. The dual control by England and France began in 1879. In January, 1880, the two Controllers-General reported that Egypt could not possibly meet her engagements in full, and in July the Liquidation Law, in accordance with the recommendation of an Inter- national Commission of the Gi'eat Powers, was promulgated. By this law the Unified debt was reduced to 4 per cent, interest ; further conversions were made, and the Unified debt thus increased to 60,958,240^ ; certain unconsolidated liabilities were added to the Preference debt, which thus rose to 22,743,800Z. ; and the Daira Sanieh debt was increased to9, 512,900Z. , the interest being reduced to 4 per cent. In 1885 and subsequent years further loans and conversions were entered into.
On October 15, 1905, the Daira Sanieh Loan was paid ott^. The condition and the charge of the various debts in January, 1912, was as follows : —
—
Debt
Charge
Guaranteed Loan, 3 per cent. . Privileged Debt, 3^ per cent. Unified Debt, 4 per cent. . . Domains Loan, 4^ per cent.
Total
£E
7,318,500
. . 31,127,760
55,971,960
203,420
94,021,000
£E 307,125 1,062,235 2,182,906
8,429 •
3,560,695
