82 



COTTON IN EGYPT AND THE SUDAN. 



Even in 1905 and 1906, only 5 per cent, in cash have been paid, 

 and the remaining 100 per cent, have been distributed in shares 

 belonging to affiliated companies of new Egyptian Land Companies, 

 so that the real profit is equal to those of the other years, and the 

 difference shown in the above list is only existent on paper. 



Aboukir Company, Ltd. 



Founded 1888. Share capital, 1908 : 300,000. 

 Debentures, 1908: 100,000. Reserves, 1908: 63,624. 



Societe Anonyme Agricole et Industrielle d'Egypte. 



Established 1895. Share capital, 1909 : 482,188. 



Debentures : 4 and 5 per cent, in 1909, 1,255,992. Reserves, 



1909: 212,174. 



Egyptian Delta Land and Investment Company, Ltd. 



Established in 1904. Share capital, 1909 : 324,250. 

 Reserves, 1909 : 198,039. 



From this tabulation it is evident that the cultivation of cotton 

 alone, even at high prices, is not sufficient for obtaining a steady and 



