England and Egypt 315 would be an anomaly within the Empire, as is India. The relationship between British and Egyptian peoples is one that would be better regulated by definite contracts than left to the undefined solidarity suitable as between kindred peoples with common interests and ideals. It is to be hoped, therefore, that the future relations of England and Egypt will be those of two foreign but friendly nations sharing certain responsibilities of inter- national importance regulated by international treaties, such as the Canal and the Nile. Nor is there any reason to fear that in this relationship there will be any after- math of the whirlwind that we have lately been reaping in Egyptf For, as we have seen, the Egyptian nation is no Phoenix like those unfamiliar and formidable fowls in Moscow and Angora that frighten us as much as did the conflagration from which they emerged. Egypt is still the Magic Hen that is as ready to lay golden eggs for Jack as for the Giant. The only question for us to decide is whether we are going to play Jack or the Giant. GROWTH OF FOREIGN TRADE. IMPORTS IN THOUSAND EXPORTS IN THOUSAND PERCENTAGE OF POUNDS STERLING. POUNDS STERLING, 1884. Gold Gold Merchandise and Tobacco. and Silver Merchandise and Tobacco. and Silver Imports. Exports » Specie. Specie. 1884 __ — — — 100 IOO 1885 ŁE 8,989 3,914 11,454 1,293 no 91 1890 8,081 2,971 12,004 2,085 99 96 1895 8,389 4,319 12,816 2,322 103 102 14,112 4,114 17,^4 2,602 172 136 1905 1910 21,564 4,782 12,964 20,360 28,944 3,869 7,046 264 288 162 231 1915 1920 19,364 101,880 721 399 27,046 85,467 132 12 237 1,245 215 681 58,224 617 59,198 93 712 472