§ 7. Mr. SWANasked the Under-Secretary of State for Foreign Affairs what was the amount of Egypt's national debt at the commencement of the British occupation in 1882; and what is the amount of that debt to-day?
Mr. HARMSWORTHThe capital of the Consolidated Egyptian debt in 1882 was approximately 97,000,000 Egyptian pounds. The amount outstanding in the hands of the public at the end of 1920 was approximately 86,000,000.
§ Mr. SWANHow is it that there is no appreciable reduction of that debt, seeing that the debt to the Credit Bank, which was 27,000,000 in 1914, had fallen in 1921 to 17,000,000?