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G.M. But the expenditure from the General Reserve Fund exceeded its revenue by £594,890.15 G.M., leaving a net surplus of revenue over expenditure of only £43,947 G.M. The following table shows the total government revenue and expenditure for the last five years.

Years Expenditure Revenue Year Material Expenditure Revenue Difference Material and non-material Total Material and non-material Total G.M. G.M. G.M. G.M. G.M. 1313 1909 4873135887 13568410 3131909 177702939450 013847 2171771 1911 17983233 76569629 447221 48624 83562 1912 14883929 227031 48839 1913

These figures clearly indicate that it was not possible to increase material administrative expenses and allocate a large sum of money each year for new public utility projects due to revenue. Revenue increased by two million in the three years between 1909 and 1913, indicating a large deficit in revenue over expenditure, even though expenditure increased during that period by £670,000 G.M.

The financial policy of the government in recent years has been to undertake important projects aimed at improving the country's sources of wealth and alleviating or abolishing severe or unusual taxes. The success of this policy is evident in the results achieved, whether in increasing the country's wealth or in providing measures to secure the country from emergencies, such as the Nile flood in the past year. The latter result was less obvious than the former, but it is undoubtedly no less important. It is important at this point to draw attention to a clear fact, which is that the ability of a people to prosper depends on the resources of its wealth. This statement applies to peoples as well as individuals. Despite the clarity of this fact, it is often denied by those who believe that it is the duty of the government.