LATER EUROPEAN NEWS.

Oamaru Mail, Volume I, Issue 56, 26 June 1876, Page 2

LATER EUROPEAN NEWS.

[uy cAur.K Fiio;,r sydnky.] Lonpo.v. May 23. THE EASTERN QUESTION. There was :i semi panic on the Stock Exchange to-day, caused by the general anxiety as to Eastern affairs. The Porto refused, though unofficially, to talce cognizance of Gortschakoff s luciuo. read at Berlin, ami will reject it unless modified. May 20. A panic was caused on the Stock Exchange to-day by the intelligence that the Foreign fleets were assembling in Bessica Bav, "near the entrance to the Dardanelles. The ironclad Sultan sailed from Portsmouth to-day, for the Mediterranean, under the command of the Duke of Edinburgh. The general anxiety on account of Eastern niiairs is unallayed. Lloyds are asking war risks. Three more ironclads are ordered to the Mediterranean, taking a number of British squadron men. May 30.

The aniiuiniooment that the Sultan has been dethroned was to-day officially made. His nephew ami heir-presumptive, Murad Ei'endi. was proclaimed .Sultan in lii-s stead. The deposition of the Sultan was peaceably c-liijcted by the Ministers of Abdul Aziz, and he is now a prisoner. The London Press considers that the dethronement of the Sultan favours a peaceable solution to the Turkish difficulty. Replying io a question this evening, Mr. Disraeli said he had just received a telegram from Sir Henry Elliott, in which the only interesting fact was that Constantinople was tranquil, and the Mussulman population content. He hoped that presenting the I'eiiin memo. woidd become needless. Tiie situation, lie allowed, was critical, but lie had taken all precautionary measures, and wished decidedly to state that the interests of England are best studied, and her honour best vindicated, bv taking part in contributing towards the maintenance of peace. St. Petep.sbl'kgh, June 1. The " Journal de St. Petersburgh" dwells on the difficulties which beset the path of the new Sultan, and declares the necessity of his yielding to the wishes of the Great Powers.

English Consols fell over one per cent. Murat Effendi has reduced the-Civil List, and has projnised to relinquish the revenues derived from Crown property, to improve the finances and education, to reorganise the State Council and Ministry for Justice ; and will instruct his Ministry to devise a form of Government that will be most suitable to all subjects of the Empire, and give security and liberty to everyone. He hopes the friendship between the Empire and the Great Powers will be drawn still closer. He finally proclaims his assession to the throne of Turkey by the grace of God and the will of the people. THE ENGLISH DERBY. The result of the running was as follows : Mineral Colt ... ... 1 Forerunner... ... .... 2 Julius Ctesar ... ... 3 Petrarch 4 DR. KENEALLY WILL NOT BE TURNED OUT. The Inn Benchers, after a fruitless correspondence with Keneally, have commenced legal proceedings to compel Ms surrender of his chamber. The doctor has threatened an action against the Benchers for injuries sustained. THE PRINCE OF- WALES' LEG. The Prince of Wales is confined to his room with virus (?) in the leg.