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ked. "In 1883--the first complete year after the British occupation--the revenue was slightly under 9 millions. This sum was collected with difficulty. The revenue steadily rose until, in 1890, the figure of 10 millions was exceeded. In 1897 a figure of over 11 millions was attained. Continuing to rise with ever-increasing rapidity, a revenue of close on 12 millions was collected in 1901 and 1902, in spite of the fact that during the latter of these two years the Nile flood was one of the lowest on record. In 1903 the revenue amounted to 12-1/2 millions, and in 1904 the unprecedented figure of LE.13,906,000 was reached."[7] Yet during this period the amount of direct taxation remitted reached LE.1,900,000 a year. Arrears of land tax to the extent of LE.1,245,000 were cancelled. In indirect taxation the salt tax had been reduced by 40%, the postal, railway and telegraph rates lowered, octroi duties and bridge and lock dues abolished. The only increase of taxation had been on tobacco, on which the duty was raised from P.T. 14 to P.T. 20 per kilogramme. At the same time the house duty, with the consent of the powers, had been imposed on European residents. The fact that during the period under review Egypt suffered very severely from the general fall in the price of commodities makes the prosperity of the country the more remarkable. Had it not been for the great increase of production as the result of improved irrigation and the fiscal relief afforded to landowners, the agricultural depression would have impaired the financial situation. In this connexion it should be stated that during 1899 the reassessment of the land tax, a much-needed reform, was seriously taken in hand. The existing assessment, made before the British occupation, had long been condemned by all competent authorities, but the inherent intricacies and difficulties of the problem had hitherto postponed a solution. After careful study and a preliminary examination of the land, a scheme was passed which has given satisfaction to the landowning community, and which distributes the tax equitably in proportion to the fertility of the soil. The reassessment was completed in 1907. The cost of internationalism. While the country thus prospered it also suffered greatly from the restrictions imposed by the system of international control. This system produced a great disproportion between the sums available for capital and those available for administrative
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