26 OCTOBER 1861, Page 2

iturlat —The Turkish Government appears to be once more in

distress for money. A proposal for a loan of three millions made by the British Ambassador has been rejected, and exchange has risen to 200 piastres the pound sterling, or about double its normal rate. The troops in Montenegro are badly paid and insubordinate, and the Sultan must raise money somewhere. Mehemet All is all powerful, and Namik Pasha has been dismissed and appointed Pasha of Bagdad.