The Egyptian campaigns, 1882 to 1885Royle, Charles
History
The Egyptian campaigns, 1882 to 1885
Royle, Charles
Egypt -- History -- British occupation, 1882-1936; Sudan -- History
The French, Italian and Austrian members of the Commission of the Public
Debt were nominated by their respective Governments as early as May,
1876, but their British colleague up to the end of the year remained
unappointed. France, on the other hand, throughout the whole of the
negotiations, appears to have been singularly ready to come to the
front, and when in December, 1876, the Duke Decazes, the French Minister
of Foreign Affairs, was asked to nominate one of the Controllers of
Finance, he declared "that he felt no difficulty whatever on the
subject." Lord Derby, however, persisted in his policy of abstention,
and eventually the Khedive was under the necessity of himself appointing
the Englishmen required.
At last the financial scheme came into operation, and, combined with
other reforms, for some time seemed likely to secure to Egypt and her
creditors a fair share of the blessings intended. This, however, was not
destined to last. As early as June, 1877, it became evident that the
revenues set apart to meet the Interest and Sinking Fund of the Public
Debt were insufficient. In fact, the estimates on which the Decrees were
founded proved simply fallacious--a deficit of no less than £820,000
appeared in the revenues assigned to the service of the Unified Debt,
and of £200,000 on those set apart for the Privileged Debt. Moreover,
there was strong reason to suppose that considerable portions of the
receipts were being secretly diverted from their legitimate channel by
Ismail and his agents.
At the same period serious difficulty arose in satisfying the judgments
obtained against the Government in the newly-established Mixed
Tribunals. These courts, having been instituted by treaties with the
Powers, partook largely of an international character, and when the
European creditors, on issuing execution, found that it was resisted by
force, they sought the aid of their respective Consuls-General.
The Honourable H. C. Vivian, then British Consul-General in Cairo, a
diplomatist who took a prominent part in this stage of Egypt's history,
had, as England's representative, to remonstrate with the Khedive. The
advice which Mr. Vivian gave, that the amounts of these judgments should
be paid, was excellent, but, under the circumstances, about as practical
as if he had counselled His Highness to take steps to secure an annual
high Nile.
Public-domain text, read in full here on John Shaqi.
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