The commitment to business intensifies greatly among Egyptian banks at times, requiring them to be attentive and cautious so as not to fall into trouble and risk their funds when competition becomes fierce. Similarly, ordinary banks, if they wish to engage in lending against collateral, must keep their operations confined within narrow limits.

However, all praise and commendation are due for the measures taken with diligence and foresight, with the assistance of the National Bank and others, to mitigate the risks of loss and reduce the cost and hardship for the administrators of the Egyptian Bank and the owners of the funds deposited therein.

As for the other "bankruptcies" previously mentioned, they are considered consequences of speculation that ended in the crisis of 1907-1909, but their emergence was delayed until this time. Their owners had incurred heavy debts before the crisis, and then the value of their assets fell or they were unable to collect their dues, leaving their debts unsettled.

Furthermore, other reckless and misguided speculations occurred, and other actions were taken under the supervision of the governor, which exacerbated the situation and led to the further downfall of their owners. However, these painful events are not without a redeeming aspect: they exposed and revealed the situation, making it healthier and more sound. Despite the damage suffered by businessmen in Egypt and the harm to Egypt's reputation due to the recently disregarded actions, the fundamental sources of the country's wealth, prosperity, and well-being remain sound and intact.

As for the cotton harvest of 1911, it was larger than estimated in the autumn, but it was not the largest American harvest, which caused a drop in the price of Egyptian cotton. The price remained such that the farmer could still profit. However, if farmers are accustomed to considering the financial prices they are now receiving under unusual circumstances as normal prices that they will always receive, then this would be one of the calamities from which Egypt is not safe.

As for the government's finances, their situation is satisfactory. When the crisis of 1907 occurred, it inevitably affected government revenues. At that time, the government was engaged in spending vast sums on great public works. This was followed by the harvests of 1908 and 1909, which also saw a reduced intake in government revenues, leading to the rapid depletion of the reserve fund.