Skip to main content
Hide Articles List

9 articles on this Page

! .7 THE WAR IN THE EAST.…

FATE OF COLONEL STEWART.

PROGRESS OF THE NILE EXPEDITION.

ZEBEHR PASHA S VIEWS. !

THE EX-KHEDIVES SPOILS.

News
Cite
Share

THE EX-KHEDIVES SPOILS. Referring to some rumours current in Cairo re-cr-ntij & correspondent there says that the ex-Khedive Ismail, who is taking advantage of the pre- sent somewhat strained relations with the Powers to recommence a campaign throughout the Continental press in favour of his restoration, stated the other day to a newspaper correspondent that Egypt is on the verge of ruin, and that he would be hailed as a saviour of the people by IO Egyp- tians out of every 100. That Egypt is on the verge of ruin is perfectly correct. But by whose fault When Ismail became Khedive in 1802 the Xationai Debt amounted to about £3,000,000. During the 1'J years of his reign he managed to increase this fhuu to the enormous sum of £95,000,000, of which amount only about 30 per cent. ever found its way into til National Treasury. Ismail's landed estates in only amounted to 1.3,000 acres, which, however, hu grown in 167*5 to over 1,000,000 acres of tin linest soil in Egypt. Ismail is, perhaps, one of the richest men in Europe. I have the very best authority for stating that a sum amountingto (twenty millions sterling) has been traced as having been paid in to his account at various Continental banks, notably in Holland and Belgium, between tin years L"4 -t and löíU, when he abdicated. As yet no steps have been taken to trace the money he may have invested in England during that period.

[No title]

Advertising

Visitors'List,

Advertising