The "Economist" remarks:-

"The application for subscriptions to the capital of this company seemed more or less formal, as the list was to be opened and closed in London, Cairo, and Alexandria on one ılay only. The scheme contains several objectionable features, one being the inclusion in the capital of deferred or founders' shares entitled to 40 per cent of the profits The directors, who are als» the holders of the founders' shares, are entitled to a percentage of the profits, and, altogether, 80 much sifting is to take place that there seems to be little temptation to subscribe for, or purchase, the ordinary shares."

This criticism is not justified as Messrs. Arditi & Co. are, it should be borne in mind, giving up a valuable business and as a consideration for this they took the greater part of the founders' shares. The "Economist" does not appear to have been aware of this fact.

The "Economist" is also not justified in its remarks that as the list was opened and closed in London, Cairo, and Alexandria in a single day the applications for subscriptions seemed to be more or less formal. As the issue was covered ten times over in that one day, it would be ridiculous to complicate the difficulties of the allotment by extending the time, and the promoters were therefore fully justified in only keeping it open for a single day.

The "Statist" says: "It will readily be understood that the future of such a company depends almost entirely upon management."

À SHARP RECOVERY.

(Gazette's Special Service.)

* LONDON, Monday.

American shares are recovering one to ten points. President Roosevelt will make a statement showing his position as regards the enforcement of laws concerning corporations, New York, March 16. A general recovery has taken place. The closing of the markets was buoyant. Mr. Cortelyon is considered to have shown both nerve and initiative at the outset of his Secretaryship in dealing with a serious situation, which is described as the rich man's panic, as despite the millions nominally lost bot a single im. portant failure occurred and the prosperity of the country was unaffected. (Reuter")

The Kherlive arrived at Mariout yesterday and spent last night at his residence at Amrieh.

We always peruse the French edition of the "Egyptian Standard" because the language in which it is written is far more comprehensible to the English reader than that of the English edition. In the Saturday's issue of "L'Etendard" we discovered the following remarkable telegram :--

Londres, 14 niars, 9 h. 45 p.m.

Hier voir une députation composée des Dr. Rutherford, Robertson, Ebo'd, Gooch air Brampton, Hyphen, Gurdon. Ogrady, s'est rendue chez sir Grey pour deman-der l'octroi du self-government l'Egypte.

This telegram is a remarkable specimen of the ingenious methods which our contemporary employs. In order to swell the numbers of the deputation a single individual member of it is made to appear as three separate persons, and Sir Brampton. Gurtau is put as "Sir Brampton, Hyphen, Gurdon," clearly in order to impress the reaılers of the telegram with the large number of persons who are followers of Mr. Robertson. We shall doubtless soon have telegrams from London edited in the following style :-

"Yesterday an important depuration, composed of Mr. J. M. Robertson and other members of Parliament, including Meagra. Asterisk, Comma, Full Stop, Hyphen, Dash and Blank, went to Sir Edward Grey demanding the immediate impeachment of Lord Cromer for refusing to take the advice of Mustapha Pashe Kamel",

These, possibilities of giving a fictitious importance to Mr. Robertson and his methods are endless and no doubt serve their purpose in impressing a few ignorant readers,

A meeting of the Municipal Commission | will be held on Wednes lay next, when the | following ordre du jour will be discussed 1. Communications diverses. 2° Proposition de Mr. le Baron de Menasce, relative au choix d'un terrain pour la construction d'un nouveau théâtre, en remplacement du Zizinia. 3° Election des membres de la Délégation et 'des diff rents Comités. 4° Rapports du Comité du Contentieux sur les questions suivantes, relatives à : a) l'éclairage public, b) les terrains contestée par le Gouverne. ment sur les quais, c) la location de terrains pour de longues durées, d) la cession bail d'un terrain a Mr. Ralli pour la construction d'un casino, I et affivires judiciaires 5° Demande de crédits suivants : a) L. E. 2,682, sur la Réserve du Budget Ordinaire et L.E 1,620 sur le Budget Extraordinaire pour la réorganisation du service Technique, et mise au concours de nouveaux postes pré us à cet eff.-t. Sur le Budget Extraordinaire, les crédits suivants : b) L.E. 100, pour des essais de fumigation avec le gaz Clayton. c) LE 244, pour la confection et la réparation des voitures d'ambulance. d) A vis du Comit des Travaux publics sur le crédit à allouer pour aménagements provisoires du palais municipal act el, en attendant la construction du nouvel Hôtel de Ville. 6° Question relative à la règlementation des poils. 7° Excédents et emprises. Rectification Bor-ali Naggiar ; Expropriation Hagar Nawatieh; Estimations faites le 23 Février 1907 : Casulli, dépôt de pastèques, terrains de Bab Sidra. 8° Pr position de Mr. le Baron de Menasce au sujet de l'évaluation des ziadets de tanzim. 9° Proposition de Mr. le Dr G. Valensin, tendant à donner le nom de Giosué Carducci à une des rues ou places de la ville. 10° Interpellation de Mr. Rieti sur la ques. tion des maisons à bon marché. 11° Demandes d'inscription sur les listes électorales. 12° Interpellation de Mr. Stross sur le prix d'introduction de l'eau filtrée à Ramleh et sur le transfert du dépôt de la voirie et la vente de l'emplacement qu'il occupe 13° Proposition relative à la nomination d'un Comité du service des Pompiers.

Facing the Sea on the New Quay of Alexandria

FIRST-CLASS HOTEL.

Lately Built and Furnished.

TERMS P.T. 80 PER DY.

Special ternas to Government officials.

If the confetti fête at Shepheard's on Friday night was not such a success as in former years the fault must be laid at the door of the Clerk of the Weather, who had elected to celebrate the occasion with a belated snap of cold weather. It was a cruel disappointment for many who had been looking forward to this annual entertainment, and still more cruel for those who had taken such infinite pains to make it a success. Never has that beautiful Larden - been more delightfully decorated, - thousands of Chinese lanterns hanging in festoons about its paths, the trees being heavy-laden with illuminated globes, and the grass being starred with myriads of artificial glow-worms ; while great arcs of colo red electric light lit up the paths and flower beds with | strange and unexpected glow. A busy, traffic was done at the Confetti stall ; the tentative onslaught of the earlier comers soon growing into a fierce fusillade ; and the mimic paper snow, storm. waxed thicker and ever thicker as the evening wore on, and in spite of thick overcoats and veils: there were but few who did not show unmistakable signs of the fray But though the fun was fast | and furious for the moment it was over sooner than usual, and there was but little of the loitering in the grounds that there would have been had the weather been more genial. The crowd inside the hotel was enormous. Not a seat was to be bad. by late-comers for dinner either in dining-ball, restaurant, or grill-room, and the 800 invitations that had been issued to outsiders resulted in an attendance which | can hardly be imagined: Dancing commenced in the Egyptian Hall shortly before eleven ; | and though the programme was shorter than I usual, it was well on in the morning before the hotel was left to its well-earned repose.

Among the diners were Major Pirie, - who had a party of five, including Mr. Curphey Mr. and Mrs Rassetti had Countess della Sala, Artin Pasha, and Thurneyssen Pasha at their table. Others seen were Ri tmeister Surmond and party, including Major Francis and Baron Max Oppienheim ; Mr. and Mrs., Chartran and party, including Count and Countess de Seri inne ; Mr. and Mrs. C Baehler and party of 11, including Mr., Mrs. and Miss Nunguvich ; Mr. and Mrs. F. C. Clarke, Mr. and Mrs. Wild, Mr E. A. Harrison, Mr. J. J. Hug, Baron and Baroness von Koller, Comte de Buren, Baron Walroy and party, Mr. D Bouboulis, HH Prince Aziz Hassan, Baron von Calovski, Baron von Gutmanstal, Baron and Baroness von Heynau, Mr and Mrs. de Paris, Mr. and Mrs. Russ-Suchard, Baron and Baroness Van Halturn, Mr. and Mrs. Chas. Scarborough, Mr. , and Mrs. van der Lip, Commerzienrat: I. Arends, Mr. and Mrs. MacLaren, and party of seven, Capt. Tucker, Dr. Riegner, Miss I. van Verst, Count and Countess A. de Zogheb' and family, Mr. and Mrs G. Privat, Col. Chas. Hall, Mr. and Mrs. Reboul and family, etc.

The Moss liner. Menopthah sailed from Liverpool on Friday last and is due here about the 29th inst., with passengers, - nails, and general cargo.

The SS. Syrian Prince, with passengers and general Cargo, left Malta on the 15th inst., and | is due at Alexandria on the 19th.

The Ellerman liner Bulgarian sailed on Saturday evening for Liverpool with a general cargo, including 2,712 bales of cotton

EGYPTIAN ARMY OUTFITS A SPECIALITY.

RIDING BREECHES.

F. Phillips & Co.

LADIES' TAILORS.

(high class work only).

CAIRO & ALEXANDRIA.

28057-31-597

The Saint Saëns concert was followed, on Thursday night, by Miss Maud Valérie White'a recital at the Khedivial Opera House. Some of her songs are really interesting, notably "Ein Jüngling" and "Die Sonne Komnt," in both of which she grasps the real spirit of the words in a most admirable and sympathetic manner. The rest were all good-far better than the usual production of English composers ; but there is a certain self-satisfaction, a tendency to repetition, which is annoying. (She has the impression that she is content to miss what she might attain : her accompaniment of "Bois Epais". heightened this. She seemed to be evading the sternness and self sacrifice called for by that most perfect old music. In her bands it was almost florid and modernized. Lady Valda Machell sang admirably throughout. She has a most pleasing and perfectly trained võice, and a great sympathy with and understanding of the music Mme Amster and Miss Reibold were quite excellent, but less interesting to listen to. M. Lucenti was unable to sing. His great voice would have been superb in that theatre. M. Molina, a baritone from the Abbas Theatre, took his place, and sang with admirable technique and feeling; but his voice lacks depth of tone and Strength. Mlle Tschernerzka played a Tschaikowsky Romance, and the Erl Konis, this last so well as to merit an encore, for which she give Rubinstein's Romance in E flat. M Ridel Saillard's Bach allegro was rather an unfortunate choice. It did not suit him, and the result was very tame and lifeless. The concert ended with two piano pieces by Miss M. V. White herself The gavotte showed much talent. On the whole it was interesting, and was appreciated by a large and distinguished audience. Even if one cannot find all one hopes for in Miss White's music, what one does hear is always sufficiently charming and appropriate to distinguish her from almost every English song-writer They are so often "hacks," while she is certainly a musician.

The dance at the Savoy on Saturday, was in all probability the last - but one of that popular series which have attracted Cairo society to the hotel throughout the season. Though various of the well-known figures have disappeared from view these last few days there was no appreciable diminution in the numbers present ; and the return of the soldiers from manoeuvres resulted in, many of the officers being present. Lord and Lady Lanesborough, who have been away for a few days, were once more in their old quarters, and lady Newborough and Lady Vivian were taking active interest in the proceedings. Col. and Mrs. Watson arrived rather late, and Col. and Mrs. Gordon were accompanied by Miss Mitchell. Dr. and Mrs. Armstrong were taking leave of all their many friends, their departure being timed for Sunday morning ; and among the others present were Crookshank Pasha and -Mrs. Crookshank, Mrs. Maclean, Judge Royle, Sir James and Miss Blyth, the Misses Pepper, Mrs. atid Miss Leverich, Mr. and Miss Duffin - Miss Mitchell, Mrs. and the Misses Gork Capt. and Mrs. Bayley, Col. and Mrs. Paterson Bey, Miss Tomlinson, Sir Augustus, Lady and Miss Hemming, etc, etc.

We do not hold ourselves responsble for the opinions expressed by our corespoundents, but we wish, in spirit of fair play to all, to permit - within certain neccessary limits- free discussion

Mustapha Pasha Fehmy, the Prime Minister, left Fayoum on Saturday morning by special train for Elchaway on an excursion to Lake Moeris. His Excellency spent the whole lay at the Moeris. Hotel and took luncheon there. He was very pleased and expressed surprise at finding such a comfortable hostelry there, he returned in the evening by, special train and spent yesterday at Medinet el Fayoum, He will leave for Cairo this afternoon.

Demosthènes Beneducci Bey, secretary to the Governor of Alexandria, has received from the King of the Hellenes the Cross of the Royal Order of the Saviour as a testimony of his services to the Egyptian Government during twenty-five years.

Mr. Angelo Soschino has contributed P.T. 100 to the funds of the Asilé Rudolph in memory of the late Mr. George Neill.

Mr. Victor Erlangor, son of Mr H. Erlanger, of Alexandria, has obtained his diploma as architect and engineer at the Ecole des Beaux Arts at Paris. .

The passengers for Upper Egypt by the train de luxe on Friday were :- - Mr. Eļwain, Mr. Browman, Mrs Breeman, Mrs Williams, Mrs. Fiscer, Mrs, Gage, Mrs. Hart, Mrs Corson, Mrs. Davis, Miss Devis, Mr Beuingheus, Mr. Treman, Rev Coolbaugh, Miss Turtle, Mr and Mrs. Bryant, Judge and Mrs. Gates, Mr. Carpenter, Mr. Rother, Mr. and Mrs, Hutchings, M and Mrs Delescaille, Mrs Little, Mr. and Mrs Kelly, Mr. and Mrs. Legge; Hon, and Mrs Willard, Miss G. Wil. lard, Mi8 A Hiurich, Mr. and Mrs. Rahr, Master Rahr, Mr Thompston, Mr Hunt, Mr. Corbitt, Miss Mary Gaines, Miss Stis, Misses Ross, Dr and Mrs. Fraser, Mr. and Mrs JunCa, Mr Webb, Mr Barwick, Mr. Dalziel, Sir Christopher Furness, Mr McClean, Mr. Jay, Mr Ellis, Mr Schafer, Mr Ems.

MR. J.K.EVERSCHOYLE, C.M.G.

We regret to announce, the death, which took place at Cairo fast night, of Mr. James Kynaston Edwards Verschoyle, C.M.G, Inspector-General of Irrigation for Lower Egypt. Mr. Verschuyle had been suffering from pleurisy. He was operated on a few days ago, but a subsequent relapse ended fatally. Deceased was born in 1858 and received his education at 'Trinity College, Dublin. In 1881 he went out to India as assistant engineer in the Public Works Department and in 1894 was appointed executive engineer, retiring from the service, in 1900. He was one of the many Anglo-Indian irrigation specialists whose work in Egypt has made the Irrigation Department the basis of all the wonderful material improvement of the past few years. Mr. Verschoyle was one of the ablest officials in his department and his appointment as Inspector General of Irrigation in Lower Egıpt was received with universal acceptance. He was decorated with the 2nd olass Osmanien for his services, and received the C.M.G. in 1902.

M. EUGENE LEBON.

The death is reported of M, Eugène Lebon, head of the Compagnie Centrale du Gaz, which owns the gasworks and electrical stations at Cairo, Alexandria, and Port Said. M. Lebon was one of the first pupils of the Ecole Centrale des Arts et Manufactures (1847). For over half a century he administered in a remarkably able manner 27 gasworks, lighting 60 towns of France, Spain, Algeria, and Egypt, which are the property of the Compagnie Centrale, which he made one of the first gas and electricity companies in Europe. M. Lebon had or many years been an Officer of the Legion of Honour and Vice-President of the Conseil Générale de Seine et Oise.

The large and imposing buildings which have been erected to house the four schools belonging to the Italian Government in Cairo, and which were commenced just one year ago, are now completed, at a cost of about £16,000. The designs and plans were prepared by Mr. F. Parvis, engineer and architect of Sharia El Madabegh, who was deputed by the authorities at Rome to submit last year a detailed project with estimates, and the contractors were Messrs. G. Garozzo and Figli, who built the schools at cost price. They stand on 6,000 square metres of land bought from the Egyptian Government for the purpose and are situated in the Boulac road, close to the Abou Eilela Bridge, with the frontage on the new Abbas Boulevard which is being made from Kasr-el-Nil to Abba-sieh This ground was sold at P.T 30 per square metre, which was half the estimated value at the time of purchase by the Italian consular authorities some two or three years ago, whereas now L.E. 20 is being asked for building sites on the opposite side of the Boulac road.

The school premises have accommodation for the whole of the 1,000 pupils of both sexes who formerly attended the four schools which were distributed in different quarters of the city. One part of the building is set apart for a commercial and technical branch, and the teaching staff is not confined to Italian masters but includes also French and English professors.

The Italian Government, we are informed, allows a yearly subsidy of 200,000 francs, or £8,000, to the schools established in the principal towns of Egypt, and gave a special grant besides towards erecting the new scholastic establishment in Cairo, the remainder of the money having been found by the richer members of the Italian community of the Capital.