The biggest secret in the success of King Fouad

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One of those who wrote about King Fuad did not mention his most important personal qualities: that he was spending money, that is, in contrast to his father Khedive Ismael. Perhaps this was why he saw with his own eyes the consequence of Khedive Ismail's excesses on himself, his children, His future, and here we remind readers that Khedive Ismail was born in the year one thousand eight hundred and thirty 1830 and took power in the thirty-third year 1863 "eight hundred and sixty-three" and was removed from the rule in the eight hundred and eighty-nine but the expenditure of Ismail was twice as much to spend Fuad and Farouk together.

If the evidence is that people are on the religion of their kings, this evidence is the case of Egypt under the rule of King Fuad, Egypt enjoyed at that time financial discipline is not comparable enabled it to maintain the exchange rate of currency and its land and assets and companies and the status between The United Nations also enabled it to carry out a task that the Egyptian governments undertook to pay off the debts of Egypt, which Khedive Ismail had tied to them. The financial transactions of that era were not defined as bankruptcy bargains or debt settlements for political positions, as happened to Egypt after the Gulf War.

The figures for Egypt's debts and repayments are a source of pride for the Egyptian generations that witnessed the reign of King Fuad. It is also a pride for the governments of that period and a pride for the king himself, who was committed to his country's interest and to the rules of spending despite the obvious autocracy that the British supported with everything they had to control it. And Egypt together. Debt repayment was not only an achievement in itself but was the origin of the most important creation and most important element of the economy of any people or nation, savings.

Here we can be proud of what we can do with Talaat Harb Pasha's influence, the experience of Banque Misr and the giant companies established by Banque Misr from Malalim and the ordinary Egyptians who started another kind of savings that would help build the modern state along with the savings that landowners and small owners Who are keen to increase their agricultural property, a more complex type of requirements of the Egyptian savings, which the Egyptians practiced with the Bank of Egypt and continued to practice until Nasser seized power on their savings when the national banks and companies did not compensate shareholders.

Prince Fuad was not so rich when he took over the king. We mean the richness of the meaning that existed in his class. He was one of many sons of a great father. He lost much of his wealth and wealth and even made his country a city. However, King Fuad has eight hundred acres He took over the property, and as we have said, the king was so careful that he was, of course, described as a scoundrel.

He was able to save from his salary as a king with the allocations that are equivalent to what we now call representation, and so he did not lose much (and not a little) of his wealth during the reign of the king, but increased in this wealth than it was over the need for property allocations, His wealth at the time of his death was estimated at four million Egyptian pounds, which is not great for his predecessors but a great value at the time. One of the elements he added to his wealth was what he bought from the property sold by Khedive Abbas Helmy, where he was able to dispose of his money to spend his living Abroad, until King Fuad died, his first wife was Princess Shui R much richer than much, as was the widow of his brother King Sultan Sultan Hussein Kamel, as well as Prince Omar Toson.