The arrangements for the Conference on Egyptian finanee are not
made ; but there is as yet no reason to anticipate a failure. Both France and Turkey are understood to be anxious that, discussion should not be limited to finance, and to be pressing their view with a certain vehemence ; but neither Power can hold out if the British Government is firm. Neither Paris nor Constantinople can desire to see Egypt act alone, and reduce. the Bonds by decree; yet the moment the Cairene Treasury is empty this is what must occur. The Conference will, there- fore, we imagine, be held, and will either restrict itself to finance, or if it discusses other subjects will do so after obtaining British consent. We take that to be the real meaning of Mr. Glad- . stone's declaration of. Thursday,—that while the Government would introduce no question but one, others "might be em: braced, of course, if it were the will of the Conference." The time and place of meeting are not settled ; but though Turkey has suggested Constantinople, the more important Powers leave
the matter in Lord Granville's hands. We hope he will decide on London, if only because he can then be present himself, and communicate the views of his Government without the delay involved in-telegraphing for orders. Constantinople is not the place for England and France to settle things quickly, and it is England and France who have to discover a modus vivendi, or to part.
