NEWS OF THE WEEK.
SOME alarm has been created this week by an announcement in the Moscow Gazette that the Russian Government has changed policy, that it can no longer remain an inattentive or inactive spectator of events in Bosnia and the Herzegovina, and that the Powers must guarantee reforms in Turkey, as otherwise the Itayahs will place no confidence in them. The Austrian Govern- anent, through the Evening Post, states that this announcement indicates only what itad already been decided on, and is not a -change of importance, but it seems certain that the Moscow -manifesto is serious, and most probable that Germany has .eonsented to it. In tat case, as we have argued elsewhere, the 'Turkish Government will be compelled by the three Powers to grant autonomy to Bosnia, or see the districts occupied by Austrian and Servian troops, and we see the Bosnians are already proposing to call together a sort of provisional Government. It is most probable that Turkey will yield, as she has always alone, and then one more province of Europe will be liberated,' but it is quite possible that Russia has other and more extensive -plans. Should the next dividends on Turkish Bonds not be paid, as seems probable, the Constantinople Treasury will have nothing to go on with, as its usual bankers will be unable as well as un- -:wining to advance on the revenue.
