Egyptain Finance.

Manawatu Herald, 25 May 1899, Page 3

Egyptain Finance.

♦ M. Lsvy contributes to the first February number of " The Revue des Deux Monde?," a masterly sfcurly on the history of theEsyptain finances. He explains how patiently England ha?, step by step, fndr-a--voured to render illnsory the fiaan. cial control established on beh«U oi the other great Power 3of Europo, though he does ant pay that th< effect of thn international control was not to the advantage of Egypt in so far as it locked up uselessly large sums of money which England wished to devote to Egypt's agricultural and commercial development Ib has been well said that whal Egypt wants aro two thing3 -justice and water ; and M. L?vy explain? very impartially the pffortg wbicb Lord Crdraer and the Egyptian Government have made, and are making

» to fiive the country the priceless blessing of irrigation by means < f W the great barrage, of which the foundation -etons wis laid by the Duke of Couuaucrhfc the o-her day. In concln-ion, M. L vy seik-s lo ascertain impartially what influence the growing ptop">nd<->rance of Eat: land in Ei>ypt hn< h>n), and siill }>-».«, on the rievelopnrnfc of Egyptian i finance. He ndmiis that tbe financial credit of England, now the highast iv 'he w >r!d, ha? be< n of givat -•ervice to Egyp*, and ha* facilitated the various convi rsions of tbe j . Egyptain d*br. |