This new fund started with a capital of 13,376,000 and was replenished by the surpluses of subsequent years, by the interest earned by its temporary investment, and by the sums accruing by the liquidation of the Daira and Domains loans.
By the Law of Liquidation the floating debt was paid off, the whole debt being consolidated into four large loans, upon which the rate of interest was reduced to a figure which it was considered Egypt was able to bear.
In, a previous table it has been shown that under the Law of Liquidation of 1880 the total debt was L98,64o,000.
During 1905 and 1906 about 3,000,000 was paid into the fund through the liquidation of the DaIra loan.
Upon the dissolution of a marriage in community of property, or in the event of a judicial separation a communione bonorum, the property of the spouses is divided as upon the liquidation of a partnership. It is not necessary here to refer particularly to certain exceptions to this general rule in cases of divorce.
The history of the 19th century is the liquidation of an enormous bankruptcy, and the completion of the circle which confines the Spaniard once more to the soil of the Peninsula.
The sales of Domains and Daira lands were to be restricted to E.300,000 a year each, thus prolonging the period of liquidation of those estates.
This decrease was due to the liquidation of a number of large and small banks, amongst others the Bank of Genoa, the General Bank, and the Societ di Credito Mobiliare Italiano of Rome, and the Genoa Discount Bankestablishments which alone represented f4,84o,000 of paid-up capital.
The large expenditures of the French canal company made the department singularly alluring to corrupt officials of the central government, and Panama suffered severely before the liquidation of the company in 1889.
But since the non-German nationalities were not prepared to accept such a peaceful settlement, the liquidation between the monarchy and the new republic was confined to German-Austria, and Lammasch's friendly offices might certainly be thanked for the fact that in this quarter the settlement was achieved quite bloodlessly, in favourable contrast with the two years of fighting between Czechs, Poles, Ruthenians, Magyars, Rumanians, Southern Slays and Italians.