- 38 -Revenues and expenditures, this format presents the budget with greater clarity and regularity than before, as previously stated, and closer to the reality of the situation than its predecessors. The change in the start date of the fiscal year necessitated the establishment of a budget for the first three months of 1914. This budget was prepared in the old format, and the increase was estimated at £E 150,000. New credits were allocated from the reserve amounting to £E 120,000 for the continuation of irrigation projects. Cairo Commercial. The details of this budget do not require much explanation, as revenues were estimated at £E 365,000 based on the average actual revenues for the first quarter of each of the last three years, with slight adjustments. Expenditures were estimated based on the expenditures of 1913, with the addition of what had been previously approved in 1913 or what current regulations required. Also included in the total, estimated at £E 3,490,000, were the expenditures of the Domains Department, which were previously accounted for against the revenues of that department, and the expenditures of the recently established Ministry of Agriculture. Expenditures from special appropriations were limited to the amounts strictly necessary for urgent works or those already commenced, estimated at £E 180,000. All expenditures from special appropriations or appropriations opened from the reserve fund will be settled on March 31, 1914, as previously stated, by adopting the new method. Revenues and expenditures for these three months were estimated at less than a quarter of what was estimated for the entire year 1913. It is worth noting that the revenue collected from land taxes and some other revenue sources in the first quarter of the year is barely significant. On the other hand, expenditures in that quarter only bear a small portion of the public debt interest.

3 - 1913 Accounts The revenues and expenditures for 1913 were estimated as follows: Revenues Expenditures "Ordinary" "Special" Increase £E 1,613,000 £E 1,490,900 721,000 1,563,000 50,000