For anchorage dues at Port Timsah, from half the total number of ships, which we suppose will stop there; 1,500,000 tons, at 1 _fr._ per ton 1,500,000 The canal of communication with the Nile, supposing it only transports a fourth of the merchandize which traverses the Mahmoudieh, will show an activity of 15,600 tons of merchandize, which may easily pay 10 _fr._ per ton, since at present it costs 27 _fr._; 50 _fr._ from Cairo to Suez, by Canal, and the journey takes three days. The transport by barge may be done at the rate of 12 _fr._, 50; there will remain an advantage of 5 _fr._ by way of the Canal, and the journey will be two days less. This item will therefore bring in a revenue of 1,560,000 The cultivation of the lands produces on an average 100 _fr. per feddan_, or 250 _fr. per hectare_, as results from the labours of seven years, which one of us employed upon a tract reclaimed from the marshy desert of Lake Etko. Supposing the Company brings into cultivation only 60,000 _feddans_ (24,000 _hectares_), it would receive a return of 6,000,000 The downs which cover the southern part of the Wady and the north-eastern part of the Isthmus, as well as those of Lake Timsah, are to be fixed. Let us assume that the Company will perform the operation extensively, and carry the figure to 60,000 _feddans_ (24,000 _hectares_). We have said that the _hectare_ gives at the end of 20 years, a _minimum_ return of 100 _fr._ By making the allowances to ascertain the actual revenue, it is reduced to 41 _fr._ 50, per _hectare_, which for 24,000 _hectares_, is 996,000 ---------- Grand total of annual returns from the Canal 40,056,000 From this amount must first be deducted two and a half _per cent._ for the charges of maintenance and administration, and one _per cent._ for redemption, in all three and a half _per cent._ 1,201,680 ---------- Balance _fr._ 38,854,320 The Government’s share fixed at fifteen _per cent._ 5,828,148 The founding members’ share fixed at ten _per cent._ 3,885,432 --------- 9,713,580 ---------- Balance in favour of the shareholders _fr._ 29,140,740 ----------