The Express.
London, England, 1855-08-07 00:00:00

AUSTRALIA.

By way of Panama, we are in receipt of news to
the 16th of May.
At Melbourne gold was stationary.
The Mining Partnership Bill, for introducing the
cost-book principle into Victoria, was read a second
time in the Legislative Council on the 15th of May.
The Meloourne and Geelong Railway Bill was in
committee.
On the 10th of May a report was generally cir-
culated, and believed, that a mass of gold weighing
ten tons bad been found at Tarreogower. Oo the
16th the rumour was discredited.
The first instruction relative to the working of the
gold business has been issued by the collector of
customs. - _ -

The escorts have brought from Mount Alexander
and Bendigo, 12,876 ounces; Ballarat, including
Geelong, 8,433; The Ovens, 4,616; Maryborough,
2,417; Avocs, 538; *lvor, 396; amount for the
week, 29,276, and the year 627,568 oze.
Gold shipped in 1855, 818,078, or 34 tons 1 cwt.
2 qrs. 23 lbe. 2 ozs., at 80a., 3,272,3121.
Exchange on London.—Drafts against gold taken
at 1 per cent. discount.
Freight of gold, 41d. per ounce, delivered at the
Bullion-office, Bank of England, London. Insur-
ance, 21 per cent.
The stores at the principal diggings having been
plentifully supplied during the long continuance of
fine weather, there was, comparatively speakieg, very
little doing, but a healthy feeling prevailed.
Owing to the large arrivals of immigrants during
the last week in April and the first two weeks in May,
the labour market had been rather fully supplied.
Farm servants and married couples are much in de-
mand; the large numbers of men constantly going
to the diggings, and the many employed on public
works, keep the supply of unskilled labour down.
The demand for female servants was rather dull ;
however, prices have not receded.
From Adelaide advices are of the 12th. No change
is reported in commercial affairs.

CONSTANTINOPLE, Joss 26.
The loan of 5,000,0004, which the Porte has mo.
to contract under the joint guarantee of Eng.
and and France, has been ratified by the Turkish
government. After the ratification of the first loan,
contracted lut summer for the Porte by Messrs,
Durand and Black, a mixed commission was ap.
pointed here by the English and French emboss'.
does to watch over the distribution of the money.
Notwithstanding this precaution great abuses must
have taken place, for the whole of the 7,000,0001,
contracted during the put year have disappeared,
and that not in the most satisfactory manner. The
Turkish army in the Crimea is several months
in arrears of pay, and Omer Pacha is so discon-
tented with the neglect and mal-administtation
which exists in the army, that he has left the Crimea
•ud is at present in Constantinople. He has been
before the grand council, and has spoken in no men.
sued terms, it is said, of the want of support from
the government, and of the neglect with which he
and the army under his command have been treated.
It seems that in his audience with the Sultan, Omer
Pasha spoke in much the same terms, bat so high is
the opinion which the Sultan entertains of the gene-
ral's abilities, and so anxious is he to conciliate a man
who has done so much for the defence of the country,
that he has ordered a sum, it is said, of 80,0001.
to be given to Omer Pacha. As there is
no money in the imperial treasury at present, it is
possible that this sum of 80,0001. will be paid out of the
first instalments of the loan. Some anxiety appears
to exist in Lighted as to the security which Turkey
has given to her allies for the payment of these
5,000,0001. On that point the public may be pet,
featly at rest. As long as the Porte has at its disposal
countless tracts of the richest land in the world,
mines of coal and copper,. and islands ovetflowing
with corn and wine, it can give good security for much
larger sums than 5,000,0001. At the present moment
the Turkish Government is engaged in negotiating
with England the modifications of those treaties
which place Englishmen resident in Turkey under
the exclusive protection of the laws of their
own country. This negotiation is now on
the eve of being brought to a close, and
the instant that it is so, Turkey will be thrown open
to the enterprise of foreign capitalists. Nearly a year
since a gentleman arrived here who proposed to
the Porte to purchase the crown lands in Turkey to
the amount of 1,000,0001. The whole of this sera
would have been paid into the Sultan's treasury,
which would have been a pleasant offering in the
present deplorable state of Turkish finances. It was
however stipulated that the lands should be pur.
chased in the names of Englishmen ; but to this the
Porte objected, as, in that case, the land so purchased
would cease to be under the jurisdiction of the Sultan,
and would be to all intents and purposes nothing else
than a British colony. After various proposals of a
mezzo termine, the validity of the Porte's objections
was at length admitted, and it was then agreed to
propose to the English government to modify the
treaties which originated the difficulty. Mr. P.
O'Brien was entrusted with the negotiation of this
important question, which negotiation he still con-
tinues, under the auspices of her Majesty's govern-
ment.

Numbers of officers recovering from wounds or
from illness begin to throng the streets of Pera. The
Hotel du Globe is filled with convalescent British
officers, delighted to change the hardships of the
camp for the comforts of an English hotel.