3 JULY 1875, Page 3

The admitted deficit in the Turkish Budget for this year

will be £5,000,000, which is attributed, without reason, to the famine in Asia Minor, and which must be met by a loan. The Finance Ministry in putting forward this statement, at the same time deny that they ever intended to reduce the bondholders' interest one-half. We entirely acquit them of a design which would at once shut every Bourse in Europe to them, without securing to them fat control over the revenue. If the Pashas are forced to rob, they will rob grandly.