The Question of Egypt in Anglo French Relations L875 L9o4
The Question of Egypt in Anglo French Relations L875 L9o4
Lowell J Lowell Joseph Ragatz
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29. Ibid. , No. 6 and inclosure. 30. Ibid. , 1880, LIX, C. 2662, No. 1 and inclosures. THE LAW OF LIQUIDATION 81 pating somewhat, it may be said that this measure remained in force until 1904, with but slight modifications. Through the reestablishment of the Dual Control and the promulgation of the Law of Liquidation, Egypt had, in effect, become the assignee in bank- ruptcy of Europe, with Great Britain and France as official trustees. 31 The first Controllers had been representatives of the b...ondholders and the British one had not enjoyed the support of his Government. The new ones now acted as intermediaries between the Commission of Liquidation and the Egyptian Government, defending the latter against the exorbitant demands of its creditors, and each had the formal backing of his Foreign Office. Great Britain and France consequently exercised equal influence in Egypt and the Khedive was, to all intent and purpose, under their common direction. The Controllers worked in complete harmony with each other and with local authorities.
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