CABLE NEWS. [BY ELECTRIC TELEGRAPH.] THE MISRULE OF TURKEY.

Evening Post, Volume LIII, Issue 2, 4 January 1897, Page 5

CABLE NEWS. [ BY ELECTRIC TELEGRAPH.] THE MISRULE OF TURKEY.

« RUSSIAN SYMPATHY WITH THE ARMENIANS. THE MUDDLE IN THE PORTE'S FINANCES. [press association.] St. Petebsbubg, Ist January. The Tsar has authorised the collection of subscriptions throughout his Empire on behalf of the distressed Armenian emigrants. London, 2nd January. A statement has been published giving the views of Sir Edgar Vincent, formerly Director of Turkish Indirect Revenues, on the present state of the Turkish finances. Sir Edgar alleges that since 1890 the Turkish Budgets have disclosed an annual deficit of a million Turkish pounds, or about £900,000 sterling. This state of affairs was largely due to the Yildiz Palace expenditure. He recommends a reduotion in the military vote (which now reaches 67 per cent, of the total expenditure, a proportion unequalled in any other country), the prevention of contraband trade, and the regular payment of officials. Sir Edgar also favours increased direct taxation, and stringent management of the tobacco monopoly. He considers that in honest hands the prospects of the Turkish revenue are equal to those of Egypt. St. Petersbubg, 2nd January." * Reports-are.current-here that the Russian. Government is willing, to arrange with the Powers the measures necessary to' protect' Turkey's European creditors, thus barring the Sultan in his efforts to raise money.