10 is estimated at £E. 1,100,000, £E. 50,000 more than will probably be collected in 1909 thus continuing the progress of expansion shown by the annexed table :— “ COMPARATIVE Statement of the Revenue of the Soudan for each year since the reoccupation.

Revenue realized.

Year-1898 .. 1899 .. 1900 .. 1901 .. 1902 .. 1903 .. 1904 .. 1905 .. 1906 .. 1907 .. 1908 .. 1909 (estimated) 1910 (estimated) £K 35,000 126,000 156.000 242.000 270.000 462.000 576.000 665.000 818.000 976.000 979.000 1.050.000 1.100.000 “ Although the bulk of the increase of revenue is still required ’to meet the cost of expanding services, £E. 10,000 has been assigned in 1910 to the reduction of the Egyptian subsidy. This fact and the steady development of the Soudan revenue give promise of the gradual reduction of the burden on Egypt. What the total amount of this burden is, is shown by the annexed table, which has been drawn up in response to the request of the Legislative Council.

Year.

Advances for •v'ork of development.

1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 Total., £E.

121.000 143.000 129.000 622.000 750.000 699.000 922.000 638.000 4,024,000 Annual expenditure.

3 per cent, interest on sums advanced in former years for capital expenditure.

Annual contribution.

Total gross annual expenditure.

Sums recovered or collected by Egypt for Customs dues, &c., on Soudan trade.

I Ifet annual expenditure.

£E.

3,030 7,920 11,790 30,450 52,950 73,920 101,580 282,240 £E. 439,800 457,700 417.000 390.000 390.000 380.000 380,000 380,000 380,000 380,000 3,994,500 £E. 439,800 457,700 417,000 393,630 397.920 391,790 410,450 432.950 453.920 481,580 £E. 79,300 92,440 161.322 152,516 156,576 171,940 200,840 215,894 205,432 220,180 4,276,740 1,656,440 £E. 360,500 365,260 255,678 241,114 241,344 219,850 209,610 217,056 248,488 261,400 2,620,300” 6. Egyptian Debt.

On the §lst l)ec6ittber, 1908, the total outstanding capital of the Debt was 95,514,0001., and the charge on account of interest and sinking fund £E. 3,586,000. Debt to the amount of 273,0001. was paid off during the year. The total capital, therefore, amounted to 95,241,0001. on the 31st December, 1909, and the annual charge to ;£E. 3,579,000.

It has, however, to be borne in mind that stock to the extent of 6,008,0001. is held either by the Government or by the Commissioners of the Debt. The interest on this amount is £E. 219,000.

The total amount of debt in the hands of the public was, therefore, at the end of last year 89,233,0001., involving an annual charge of i£E. 3,360,000, House of Commons Parliamentary Papers Online. Copyright (c) 2006 ProQuest Information and Learning Company. All rights reserved.