The Life and Times of Queen Victoria; vol. 4 of 4Wilson, Robert
History
The Life and Times of Queen Victoria; vol. 4 of 4
Wilson, Robert
Great Britain -- History -- Victoria, 1837-1901; Victoria, Queen of Great Britain, 1819-1901
By estimating the annual average revenue which could
be extracted from the wretched fellaheen at £12,000,000 instead of
£8,000,000, which would have been high enough, the Goschen-Joubert
scheme showed in 1876 that the Khedive could pay, as interest and
sinking fund, seven per cent. interest on a consolidated debt of
£100,000,000. Ismail agreed to pay this at first, but soon resisted,
on the ground that the estimate of revenue was erroneous. The French
Government then determined to appoint a Commission to investigate the
resources of Egypt, which England was induced to join. This Commission
reported that as the Khedive had appropriated to himself one-fifth of
the land of Egypt,[179] the first thing he should do was to hand a
million acres of it over to the creditors of the State.
The Khedive now formed a Ministry under Nubar Pasha, in which Mr.
Rivers Wilson, the English Commissioner, was given the Ministry of
Finance. The French Government displayed so much jealousy of this
step, that Lord Salisbury, yielding to their demands, permitted the
Khedive to appoint M. de Blignières as Mr. Wilson’s colleague. This
was the beginning of the Dual Control of Egypt by two Governments
with opposite interests, from which all subsequent mischief arose.
The Khedive soon dismissed Nubar’s Ministry, and then France and
England, on the threat of Germany to interfere, arranged with the
Sultan to depose Ismail Pasha. He was succeeded by his son Tewfik, in
whose Ministry the care of finance was entrusted to M. de Blignières
and Mr. Baring, who was afterwards succeeded by Mr. Colvin. The effect
of the Dual Control was very simple. It increased the bureaucracy
but diminished its efficiency, for wherever an English official was
appointed M. de Blignières insisted on planting a French colleague by
his side to watch and hamper him. A similar vigilance was exhibited
by the English Controller. But above the Dual Ministry of Finance
there was established the International Commission of the Public
Debt, representing England, France, Italy, Austria, and Germany. This
Commission watched over the administration of the Dual Ministry of
Finance. It was entitled, if it could agree on a course of action, to
demand from the Ministry of Finance more efficient management, and
of course it distributed the sum handed over by that Ministry for
payment of the public creditors. The French and English Ministers or
Controllers of Finance were not removable save by consent of their
Governments. They had the right to seats in the Ministerial Council,
and to advise on all measures of general importance. As nothing can
be done in Egypt without money, nothing could be done without them. At
first, Major Baring was the most active of the controllers. But he was
removed, and Mr. Colvin, who took his place, played a subordinate part
to M. de Blignières, who had more experience and force of character.
Virtually De Blignières governed the country. History does not record
Public-domain text, read in full here on John Shaqi.
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