Page:The European Concert in the Eastern Question.djvu/173

The Financial position.By the effect of these measures, the financial position will be as follows:—

(A.) The bonus included in the Table of Unification annexed to the Decree of 7th May, amounting to	£	£
	…	6,204,327
⁠Is reduced —
(1) By the entire bonus on 2,906,151l., the amount of the Floating Debt of the Daïra	726,537
(2) By the bonus on the Loans of 1864, 1865, and 1867	306,796
(3) By the reduction of the bonus granted to the Floating Debts of the Malieh and of the Daïra on the Malieh, viz. 5,170,993l., three-fifths of which representing the 15 per cent, to be deducted is	3,102,597
		4,135,930
		2,068,397
(B.) The Unified Debt of		91,000,000
Will be reduced as follows by these several deductions:—
(1) The Consolidated Debt of the Daïra ...	5,909,280
(2) The Floating Debt of the Daïra ...	2,906,151
(3) The Loans of 1864, 1865, and 1867 ...	4,392,616
(4) The railways and the port of Alexandria	17,000,000
(5) Sundry bonuses as above ... ...	4,135,930
		34,343,977
		56,656,023
There accrues to the Government on account of the port of Alexandria, which is given as a guarantee, 2,000,000l. in bonds of the General Debt	... ...	2,000,000
Balance at the disposal of the Government ...	... ...	343,977
⁠Total of the Unified Debt		59,000,000

To this debt of 59 millions an annuity of 4,177,720l. sterling is assigned, representing its redemption in sixty-five years, and interest at the rate of 7 per cent, upon the capital. Interest to run from 15th July, 1876.

This annuity is payable in two half-yearly payments of 2,088,860l. each.

The revenues which are at present assigned to the Treasury of the Public Debt by our Decree of the 7th May, 1876, remain pledged as before, subject to the modifications which will result from the resent Decree, which will he arranged by the Controllers-General to he mentioned hereafter, and by the Commissioners of the Public Debt.

The 2,000,000l. in bonds of general debt accruing to the