Sentence:  If he prefers the bar he can exchange views with a Major de Wildman of Lord knew whose army, who calls himself King Farouk's equerry and claims to have a private telephone link to Cairo so that he can report the winning numbers and take royal orders inspired by soothsayers on how to <WSD>dissipate</WSD> the wealth of Egypt. 
Meaning of the word marked with <WSD> tags:  To use up or waste; squander.