MR. W. CARTWEIGHTasked the First Lord of the Treasury, Whether there is any foundation in the report that Her Majesty's Government has 1418 under consideration the nomination of a Commissioner who is to act on the Board of a Bank which it is sought to create in Egypt with the view of facilitating an advance of money to the Khedive?
§ MR. DISRAELIIt is true, Sir, that a proposal was made by the Egyptian Government to Her Majesty's Government that we should appoint a Commissioner to act, in the words of the hon. Gentleman's Question, "on the Board of a Bank which it is sought to create in Egypt;" but on inquiry we found that this would involve commercial relations between the contemplated institution and Her Majesty's Government, and of course we declined it. Had there been a proposal that a Commissioner should be appointed to receive certain branches of revenue and apply them to the redemption of debt, that would have been a proposal which might have received our consideration.