264
THE BRITISH EMPIRE: — EGYPT
Finance.
Revenue and expenditure for six years :—
Years j
Bevenue
Expenditure
Tears
Revenue
Expenditure
191. 'i 1916-17 1 1917-18
£E 17,868.616 19,927,274 23,166,074
£E
15,728,7S5 17,240,606 22,496,948
1918-19 1919-20
1920-21 1
J5E
27,661,289 33,677,401 40,271,000
jjE
23,884,326 28,991,934 40,271,000
1 Estimates.
The final accounts for the year 1919-20 (April 1 to March 31), and the budget estimates for the year 1920-21, are as follows : —
Receipts
1919-20 Actual figures
1920-21 Estimates
Expenditure
1919-20 Actual figures
1920-21 Estimates
Direct taxes :
£K
£E
£E
£E
Land tax, *c.
5,624,260
5,480,000
Civil List ....
459,847
499,264
Indirect taxes :
Expenses of Administration
10,023,630
12, 207.32S
Customs .
0,627,536
0,590,000
Expenses of Revenue Earn-
Tobacco .
3,827,325
4,000,000
ing Administrations :
Excise .
499,979
—
Railways ....
5,422,757
6,594,175 221,230
Miscellaneous
Telegraphs
248,124
taxes
461,128
318,000
Post Office
431,564 500,980
Receipts from
Telephones Army:
198,127
169,780
Revenue earn-
ing Adminis-
Egyptian Army
1,615,055
1,631,250
trations :
Army of Occupation
146,250
146,250
Railways
7,135,030
7,386,000
Pensions ....
779,406
737,300
Telegraphs
803,353
300,000
Tribute and Debt :
Post Office .
437,424
516,000
Tribute ....
664, S26
064,820
Telephones .
196,098
266,000
Expenses of Caisse de la
Receipts from
Dette ....
88,617
42,000
Administrative
Consolidated Debt .
3,552, 2fi6
Services :
Non-Consolidated Debt .
344,152
353,280
Ports and
—
24,483
Lighthouses
179,185
183,000
War Gratuities .
2,559,806
4,250,000
Judicial and
Extraordinary Expendi-
Registration
ture in connection with
fees
2,060,940
1,863,000
the war . , . .
508,260
40,000
■Miscellaneous
Settlement of claims arising
Revenue
5,894,239
8,778,000
outof the recent disorders Purchase rind distribution of
45,528
Total ordinary
85,675,000
articles of prime necessity
404,499
2,000,000
revenue
32,752,503
Temporary Commissions .
Extraordinary revenue
Draft on gene- ral reserve .
924,898
4,596,000
Total Ordinary Expen- diture
47,4 12.71 1
- i,f.l6,'.>eo
88,677,401
40,271,009
Expenditure for new works Total ....
5,654,080
Total.
••.V.I!'1.'.<:m
•10,27 1.000
The foreign debt of Egypt began in 1862, when loans amounting to 3,292,800/. were issued for the purpose of extinguishing tho floating debt. Other issues followed in rapid succession. The dual control by England and France began in 1879. In January, 1880, tho two Coutrollers-General reported that Egypt could not possibly meet her engagements in full, and in July the Liquidation Law, in accordance with tho recommendation of an Inter- national Commission of the Great Powers, was promulgated. By this law the Unified debt was reduced to 4 per cent, interest ; further conversions
