Government and Messrs. Rothschild, is in like manner suspended with the same reservation.
Art. XVII. Will be considered as excess of the revenues of the provinces and Administrations assigned to the service of the Public Debt, the Budget receipts of all kinds assigned to this service by Arts. II and IX of the Law of Liquidation beyond the sum necessary to secure:—
- 1. The service of the fixed annuity of ₤E. 307,125 (315,000l.) of the guaranteed loan;
- 2. The interest at 5 per cent. of the Privileged Debt;
- 3. The interest at 4 per cent. of the Unified Debt,
Subject to a deduction with reference to the two last-mentioned debts of the tax levied under the provisions of Art. XII of the present Law.
Art. XVIII. The excess of revenues of provinces and Administrations not assigned to the service of the Public Debt are settled as follows:—
The sums for the expenses of administration or of improvement ('exploitation') which our Government is authorized to charge upon the gross revenues of the provinces and Administrations concerned may be added to the Budget receipts of all kinds realized in the provinces and Administrations.
From this total will be deducted the sum of ₤E. 5,237,000, at which figure the expenses to be charged to the non-assigned revenues are fixed.
The Budget of the railway expenses, including the Railway of Hélouan, having been estimated in the preceding figures at ₤E. 555,000, it is understood that the sum of ₤E. 5,237,000 will in case of need be increased up to the sum necessary to bring the credits for the Railway service up to the proportion of the 45 per cent. of their gross receipts.
The sum of ₤E. 5,237,000 will be also increased by the amount of the subsidies paid by the Ministry of Finance to the Treasury of the Public Debt, to the Daïra, and to the Administration of the Domains, in conformity with Arts. XI, XLIV, and XLVII of the Law of Liquidation, and to the Convention of the 31st October, 1878, concluded between our Government and Messrs. de Rothschild.
Art. XIX. The accounts of the excess of the revenues
