In addition to these two Funds the Government has in reserve the sum of £5,648,261, due to the accumulated economies resulting from the Conversion of part of the Debt, which the Government has not yet received the authority of the Powers to make use of. Nearly the whole of this Reserve is invested in Egyptian Stock. In the year 1903 the Government was able to redeem Debt to the amount of £1,288,880, to a large extent out of the proceeds of the sale of lands belonging to the State Domains and the Daïra Sanieh. BUDGET ESTIMATES, 1904. The following are the Estimates of Revenue and Expenditure for 1904 |