LATEST MAIL NEWS.

Dunstan Times, Issue 741, 30 June 1876, Page 2

LATEST MAIL NEWS.

—o—(From the Otago Daily Times.) London, May 25th. There is a semi panic on the Stock Exchange to-day, caused by general anxiety regarding Eastern affaiss. The Porte has refused, though inofficially, to take cognisance of Gortsohakoff’s imemo. read at Berlin, and will reject it unless modified. May 26th. The Times this morning published a statement that England reiterates her refusal to join in terras as read at Berlin Conference. England declares that the Berlin Conference, in which three powers join, though professing to maintain the principles of Andrassay’s note, departs from its convention, and its demands being unreason able, show that power no longer to be an impartial mediator. France proposed a conference of guaranteeing powers. May 28 th. There are rumors of a European conference on the Eastern question. The Inn Benchers, after fruitless correspondence with DrKenealy, have commenced legal proceedings to compel the surrender of his chamber. The Doctor has threatened an action against the Benchers for injuries sustained. May 29th.

A panic has occurred on the Stock Exchange to-day, caused by the intelligence that the foreige fleets were assembling in Bessica Bay, near the entrance to the Dardanelles. The ironclad Sultan sailed from Portsmouth to-day tor the Mediterranean, under the Duke of Edinburgh. Lloyds are asking war risks. Three more ironclads have been ordered to the Mediterranean, taking a number of men for the British Squadron. May 30th. The announcement that the Sultan has been dethroned, was officially made to-day. His nephew, the heir presumptive, Murad Effendi, has been proclaimed Sultan in his stead.

The deposition of the Sultan was effected peaceably by the Ministers of Abdul Aziz, and he is now a prisonerThe London press considers that the dethronement of the Sultan favors the peaceable solution of the Turkish difficulty. In replying to a question this evening, Mr Disraeli said he had just received a telegram from Sir Henry Elliott, in which the only interesting fact was that Constantinople was tranquil, and the Mussulman population content. He hoped that the pre sentation of the Berlin memo, wouid become needless. The situation, he allowed, was critical, but he had taken all precautionary measures, and wished decidedly to state that the interests of England are best studied and her honor vindicated by taking part in contributing towards the maintenance of peace. St. Petersburoh, June Ist. The Journal de St. Petersburgh dwells on the difficulties which beset the path of the new Sultan, and declares the necessity of acceding to the wishes of the great powers. London, June 2nd. English Consols have fallen over one per cent. Murad Effendi has reduced the civil list, and has promised to relinquish the revenue derived from Crown property, to improve finances and education, to reorganise the State Council and Ministry for justice, and will instruct the Ministry to devise a form of Government that will be most suitable to all the subjects of the Empire, securing liberty to everyone. He hopes that the friendship between the Empire and the great powers will be drawn still closer. Finally he proclaimed his accession to the throne of Turkey, by the grace of God and the will of the people. The Prince of Wales is confined to his room with virus in the leg. New Zealand wheat is firm at 50s to 535. The following is the result of the Derby running : —Mineral Colt, 1 ; Forerunner, 2; Julius Cmsar, 3 ; Petrarch, 4; Skylark, 5. Washington, May 25th. The report of the Committee of Enquiry into the conduct of Genera] Schenck acquits him of fraud, but strongly censures his conduct.