Much dissatisfaction is excited at Constantinople, by the vicinity of
the British and French squadrons. The Reis Effendi, stimulated no doubt by Russia, has demanded explanations on the subject from Lord PONSONBY ; who is reported to have answered, that the ships were merely cruising about the Levant for exercise. This reply was not deemed very satisfactory by the Porte : it would have been strange in- deed if it had removed their fears, real or affected. The German papers in the pay of Austria and Russia, teem with articles, whose object is to prove the injury inflicted upon Turkey by the interference of France and England in its affairs. All this proves, that the pre- sence of the allied fleets is an obstacle to the flagitious designs of Austria and Russia upon Turkey.