LATEST EUROPEAN TELEGRAMS.

Otago Witness, Issue 1325, 21 April 1877, Page 15

LATEST EUROPEAN TELEGRAMS.

[BY SUBMARINE CABLE.]

(SEUTER'S SPECIAL TELEGRAMS.)

London, April 11th. Russia desires Turkey to reply to tho protocol before tho 13th inst.

Turkey ha 3 declined to adhere to the protocol. War is regarded as inevitable.

Turkey's despatch to the Powers specially rejects tfie addition made by Schouvaloff to the protocol, and repels interference with her internal affairs, and only consents to send an envoy to discuss tho propriety of disarming provided Russia disarms.

. The Turkish Chamber rejects the demands of Montenegro,

April 12th. The Golos, a Russian journal, states that the Russian army will make an' ad- ' vance if negotiations between Turkey and Montenegro, are not resumed. _ ■ Prince Bismarck's leave of absence has been extended to, August, till which time " his' place will be .filled, by, Bßaron , Car;m r ; ' hausen. Da Bulow becomes Vice-Presi-dent, and Koffman Secretary of State.' * April 14th. The Earl of Derby, in the House ol Lord* last night, expressed his regret that the circular just issued by the Porte was against peace. Lord Harfcington, in moving for the production of additional papers, asked how the Government reconciled the protocol with the integrity and independence of Turkey. The Hon. Gathorne Hardy, Secretary for War, in refusing the production of the papers, said - England's last word was in favour, of - peace, and strong objections were uttered. - against war being made with Turkey. England had signed theprotocol to afford Russia a chance to disarm. The motionof Lord Hartington was withdrawn. . Montenegro's demands- have ''been - finally rejected by the Porte and hostilities renewed! 'The ßussians are advancing on JassyJ All Russian reserves on , 'furlough ; haye been ordered to rejoin their regiments. 'A. declaration of war by Russia is considered, to be iinmjnent. '" ' ■'' . Tliq reserve ofVfche Roamanian' permanent army. has,been. r called out. " 7 ' , , ■ There was a, war panic during the. week on the Stock Exchange. Consols fell one-, half per cent., and, are now at §6. J , Russian stock fell 5. per .cent., and Turkish 1 per cent. -Moneylis easy ; minimiim rate „ of discount unchanged.- Australian se-i< surities unchanged. , The iCourtmartial on Captain Stevens,, of H.M;S. Barracouta, has resulted ia >~ his- dismissal from the service. -' The third emigrant ship, with 350 soula .aboard) is leaving Hew Trirk' to-day, for Sydney. 1 ' • . .'.:,', . The 1 Chancellor of the Exchequer's Budget estimates the surplus revenue- at . the end of the year at £445,000. - The 1 estimated revenue of the United Kingdom for 1877-8 is 7 £79,000,000; the esti- ■ mated expenditure," £78,790,000. "' No' " increase or remission of taxation ia proposed.', ' " ,' : , , The wool market is depressed, .owing to the, prospect i of .war and. heavy , The wheat market is excited^ and prices are advancing. New Zealand is. at 57s to. '59a. '". * * ■' r • l "' l '^ '" s ■'-'.' , ' • \ April l&h! J Earl, Derby has informed Turkey !thafc . .he fails to see.what-further steps England can take to avert war. 1 . ,"';,. i Abdul Rahma Pasha has started for Stambdul as.P-ersia'claims Bagdad. : , > ■ , St. Louis, April 12th. ■ / : By.a fire at one of , the hotek here, f 5Q' persons perished. ; . "V 4 .