The government, despite the decrease in registration fees resulting from the cessation of speculation in real estate, has increased the hopes of depositors in savings banks after the summer months. Reports from the interior of the country are encouraging, indicating that the crisis has not significantly affected the farmer, who still enjoys the ease and prosperity he has experienced in recent years. However, it is not appropriate to take these signs as proof that the detrimental crisis has ended. While major bankruptcies have not increased, speculators in financial markets and real estate have suffered significant losses that will require a long time and great effort to liquidate. In recent years, owners of building land have customarily borrowed money from the Real Estate Bank or other mortgage banks, pledging their properties as collateral. Now, they are facing extreme difficulty in raising the funds needed to meet their obligations. This situation may affect land prices, as some plots were bought at exorbitant prices, and if it were not for the fact that the buyers were speculators with an eye on the future, the building speculators in the cities and their suburbs would be in trouble.

During the financial crisis described briefly, merchants and money changers appealed to the government for financial assistance. The first time was in June 1907, when the need for money was most acute. The government agreed to waive its claim on the Real Estate Bank and its share of the liquidation of the district's properties, and agreed to pay this amount in installments over four years. The second time was at the beginning of this year, during the second financial crisis, when some suggested that the government place the mortgage banks at their disposal under certain conditions. The government did not accept this request for two reasons: First, it had already allocated its funds to other expenditures, and accepting the proposal might have caused financial difficulties. Second, the government did not deem it appropriate to expose itself to this risk, nor did it believe that this method would have a significant impact on the general situation.

Mr. Rossen, an official from the Ministry of Finance, has prepared the following table to show Egypt's economic progress over the past twenty years and the rapid material progress that has led to modern speculation.