entnif,—The Pasha has recently adopted most rigorous measures of economy.
His debts amounted, it appears, to about 7,120,0001., besides 2,810,000/. owing to the Canal Company; and he proposed a loan to Messrs. Laffitte. They agreed to furnish one of 11,000,0001., provided that the Pasha granted them forty per cent. discount, pledged himself to incur no further liabilities, allowed the bankers to prepare annual budgets, provided for a sinking fund, assigned over the revenues of the Delta, and handed over to Frenchmen a general finan- cial supervision of Egypt. The Pasha, utterly indignant at the stringency of these terms, suddenly resolved to commence a reform. The army was reduced at a stroke to 5000 men, and these were com- pelled to do police duty ; the palace expenditure has been reduced to the lowest point, and all unnecessary plate sent to the Mint. He hopes thus, in a year or two, to redeem his position, but it is doubted in Egypt whether he will adhere to his resolution. Orientals, how- ever, are very determined occasionally, and we should not be sur- prised to see the effort successful, and be succeeded by a fixed habit of saving, like that of Mahommed Ali, who governed Egypt like a profitable private estate.
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