15 JANUARY 1859, Page 1

The first chapter of the negociations between the Protecting State,

Great Britain, and the Ionian Federation has been brought to a close by Mr. Gladstone's report, followed up, it is announced, by the retirement of Sir John Young and the instalment of Mr. Gladstone, temporarily, as Lord High Commissioner of the Ionian Islands. According to the same story, he awaits further instructions to carry out some modifications in the administrative relations of the Protecting Power to the local Government.