The Egyptian Conference.

Poverty Bay Standard, Volume I, Issue 200, 4 August 1884, Page 2

The Egyptian Conference.

ADJOURNED INDEFINITELY THROUGH ACTION OF FRANCE. ’reuter’s telegrams,] London, August 2. The International Conference on Egyptian affairs has been adjourned indefinitely. In the House of Commons this afternoon Mr. Gladstone made a lengthy and important statement regarding the Conference. He regretted the delegates had failed to arrive at any agreement regarding the chief object under discussion, viz., the adjustment of Egyptian finances. This failure, the Premier said, was owing to the difference which existed between England and France, the latter refusing to agree to a proposal for the diminution of the dividends payable as interest on Egyptian loans, as the financial committee suggested. Italy and Turkey supported the English proposal, and the Austrian, German, and Russian representatives declined to vote. The failure of the Conference to agree as to the basis upon which the organisation of Egyptian finances should take place was a matter requiring serious consideration, and a heavy responsibility rested upon England. The Anglo-French agreement which previously existed having been in abeyance since the abolition of the dual control, was no longer binding.