1 APRIL 1876, Page 2

It is stated, apparently on authority, that the Turkish Govern-

ment will to-day (Saturday) issue a decree postponing payment of the- Six per Cent. Loans due on April 1 to July next. These loans amount to about £46,000,000, and some of them, particu- larly that of 1854, are " secured " on the Egyptian Tribute. The ostensible reason for this default will probably be the insurrec- tion, and the real reason that, as no more loans are possible, it is useless to waste revenue in paying interest to a pack of Infidel barbarians.