As regards financial arrangements, Her Majesty's Government thought it possible to arrange for greater economy and greater simplicity in the administration by modifications which would not in any way diminish the guarantees of the creditors. His Lordship hoped that he would soon be able to submit definite proposals on this subject to the Powers. The Government relied on the co-operation of the Powers to place foreigners on the same footing as natives as regards taxation. The public papers contain no reply or acknowledgment of the communication on the part of the French Government. The first of the other Powers to express any opinion on the despatch was Austria. Sir Henry Elliot called on Count Kalnoky on the 16th of January to ask what impression had been made upon him by the document; and his reply was to the effect that, though he could not be expected to pronounce upon it off-hand, he would repeat assurances already given that his Government continued to be animated by the most sincere wish not to embarrass Her Majesty's Government in the reorganization of the administration of Egypt. A week later the Austrian Foreign Minister had another interview with the British Ambassador, and the conversation left on Sir Henry Elliot's mind the impression that Count Kalnoky would make no observations upon the Circular except with reference to the proposal to subject Europeans to the same taxation as natives. He admitted the justice of this proposal, and Sir Henry believed he would not object to it; but it was, he said, a subject that required full examination before it was decided. The suggestions of Her Majesty's Government about the Suez Canal appeared quite to satisfy him. On the 25th, Count Herbert Bismarck, the German _chargé d'affaires_ in London, called on Lord Granville, and stated that his Government accepted generally the arrangement regarding Egypt and the Suez Canal proposed in the despatch, and was prepared to await the further information promised respecting the internal reorganization of Egypt. He went on to say that the German Government would continue to preserve the same friendly attitude towards Her Majesty's Government in regard to Egyptian affairs which they had maintained during the summer. On the 24th January, Count Hatzfeldt informed Lord Ampthill that he was about to instruct Count Herbert Bismarck to inform Lord Granville that the German Government accepted and agreed in principle to the policy laid down in the Circular of the 3rd respecting the reorganization of Egypt. The Italian Government took much longer time before giving any answer. It was not till the 7th February that Count Nigra called on Lord Granville to state their opinion. It was to the effect that they wished to reserve any detailed expression of their views till the English proposals were communicated in a more definite shape; but he was able to say at once that they concurred generally in those proposals.