Sudan Andedo-Egyptian ] FINANCE ; CURRENCY 159 . . .

...

Railways Agriculture and Marts Legal General Central Services Veterinary Department Other Departments and Services £E . 553,887 723 10,555 31,779 9,255 45,173 Total 1,568,352 Now that the annual receipts exceed ordinary expenditure the surplus is credited to the Reserve Fund, which fully guarantees the interest on the loans for special credits on account of public works, irriga tion, &c .

.

(2) Currency The currency of the Anglo-Egyptian Sudan is the same as that of Egypt,the monetary unit being the gold Egyptian pound ( £ E .) of 100 piastres (or 1,000 millièmes ),of which the value in sterling is £ì 0s . 64d .

Coins in circulation are the Egyptian pound and half-pound, in gold ; 20, 10, 5, and 2 piastre pieces, in silver ; 1, 1, 5, lo piastre pieces, in nickel; and do , ; to piastre piece in bronze.

Silver coin is legal tender only up to £E . 2, and nickel or bronze coins up to 10 piastres. For some years gold coins have not been issued, and the gold circulating in Egypt and the Sudan is almost exclusively in English sovereigns, which are legal tender atthe rate of 971 piastres. As a temporary measure the Indian rupee has been made legal tender at the rate of 6.5 piastres.

Bank-notes areissued by the National Bank of Egypt in various denominations from £E . 0.25 to £ E . 100 . They are in principle not legal tender, but since the war they have been made legal tender and inconvertible. Their circulation has received an extraordinary impetus since the withdrawal of gold . The amount issued at the end of 1915 was about £E . 11,550,000, [ 3919] N