The Express.
London, England, 1860-12-13 00:00:00

THE NEW TURKISH LOAN.

The prospectus of K Mires' new Turkish Loan
Maned yesterday afternoon. It states that Me,
J. Mires and Co. have instructed the Lon
agency of the Bank of Turkey to receive alba
Lions on account of a loan of 125,000,000 fr.,
5,000,0001. sterling, offered (we presume, in
first install* to the public at Paris, Lon,
Antwerp, Brussels, Amsterdam, and Hamb
i The loan is to be redeemed at par by means
sinking fund, in 36 years. It is explained
special revenues are assigned for the paymenl
interest and sinking fund, which revenues
farmed last year for 1,282,5601. sterling.
amount is to be sent in equal monthly remitta
to the contractors or their representatives, and
balance is to be handed over to the Turkish Fin:
Minister. It is also intimated that the contras
with the approval of the Turkish governor
have appointed four Commissioners at Cone:
nople to receive the revenues ; as well as fon
Paris ; and the London directors of the Ban
Turkey, to we to their application.
The loan is to be represented by obligal
of 500 franca, or 201. sterling, bearing
tereet, at the rate of 6 per oent per annum,
able half-yearly, at either London or Paris ;
these obligations are to be issued at the pri
312.50 francs or 121. 10s. sterling, and to lit
deemed at the rate of 500 francs, or 201. stet
Interest is to commence on the Ist January, I
The payments are to take place as follows : 21
oent. as deposit on application ; 16 per amt. w
10 days of allotment ; 16 per cent. before the
January, 1861 ; 16 per cent. before the
February, 1861 ; 16 per cent. before the
March, 1861 ; 16 per cent before the 30th A
1861.

The announcement has been received with i
ference. The auspices under which the
is brought out are favourable to the
of a premium being established for
but the onerous character of the I
acceded to by the Turkish government imps
the transaction with an essentially specul
character, even allowing for the circumstance
the Government pay much higher rates for
local loans. At the same time such is the d
ciation of Turkish stock, that the price of the
issue presents no advantage compared with th
the loan of 1868. The latter stands at 58 per
whilst the new 81i per Cent. Bonds, issued a
rate of 124 10s. for every 201., will cost the
scriber on per cent., less the usual allows
The loan of 1858, moreover, has a prior lien
all the revenues of the Turkish Empire ;
must be borne in mind that the 5,000
uow offered forms only part of a I
scheme. We are in possession of various
oulations which show that the cost of the c
tion to the Turkish government will be of
ratter quite removing it
.from the ordinary
gory of such transactions.

The China Mail, rid Marseilles, is due in 14
to-day. The Shanghai dates al this mail ahonld 1.
tober 22. Shanghai is the nearest mail packet eta
Pekin.

In the Belgian Chamber of Representative
Tuesday, • member, M. Commie, having complau
passports as vexatious and expensive, and having I
mended the totalabolition of thein,the Ministerof dual
marked that the question ass, if passports were to I
lished fur foreigners, whether measures of sure
would not have to be adopted which would lie fa
vexatious ; and that, as regarded Belgians going slop
government would always be obliged to give they
ports in order to enable them to eatahlish their id
He thought, he added, that a great thing hail been
the abolitioa of passports in the interior.
The new Halle& lines for the defence of
mouth, its harbour, dockyard, and arsenals, fnensthe
of au enemy landward, have made considerable p
during the past summer, and the completion of the i
main line is now being pushed forward with great
1,500 men being at this time employed in their cc
tion, 500 in laying material, and 1,000 in preparing it
THE LATH GAI./AIN ANDZESON:—The
says :—" The intelligi ace from China regarding the
of Captain or Lieutenant Anderson, when a prisoner
bands of the Chinese, will create special pain in S
am many relatives and friends. Captain An
though
only 26 or 27 yews of age, bad rendered
guiehed services in and had already matelot
brity and trust in the Soirees employed under Si
Grant in China. When the mutiny in India bra
he accompanied his regiment, the Bombay
Punjab, where he greatly distinguished himself. I
afterwards attached to ' Hudson'a Horse,' in whit
betted force be acted as brigade major, servieg wii
Lucknow. After the suppression of the mutiny, 601
for employment in the expedition to China, end, ft
acknowledged ability he was appointed to an on
command to Fane's Irregular Cavalry. He distill
himself particularly with the Cavalry Brigade prey
And during the taking of the Taku Felts ; and it is i
that he had been selected to the honour of color
the escort accompti eying the Euglish and French dir
officers who were so basely betrayed and so cruelly
In private life Lieutenant AaderAon, front his umill
generous disposition, was greatly beloved by h
friends."
THE LOOS OF THE CONNAUGHT.—The
Tiede has made its report on the loss of the l'onniii
iron steamship belonging to the Atlantic Royal Mail
ship Navigation Company. The Connaught ea
when off Bt. John's, Newfoundland, and her crew s
sengers, amounting in all to about 600 50u1.., in
tunately saved. The examination of the Board 0
concludes, " That there is nothing to prove that
was lost through the wrongful act or default of a
holding a Scant of Trade certificate ;" but it
mines that • little more intelligence might ha'o heel
in finding out where the leak wan situated. The
the ship gave the board a speculation as to the racer
fire, but it is only a speculation, awl therefore uo
repeating here.
WRECK on PADRTOW.—PADNDOV,
Last night, about 9 o'clock, the schooner Prinao,e.
Haven, laden with a cargo of coals, on entering
harbour, ran on the Doomed Bar Sand. The to
pitchy dark, but the crew were heard from the sled
out for help. The coxswain of the lifeboat ..f th
National Lifeboat Institution, with a crew of cif
himself included, immediately the information reap I
launched the lifeboat and proceeded to the 888.4.1.
meanwhile, however, a beat from elsewhere tel
and taken if the crew. The vessel gill
aground, and as them was a heavy ground 8,1
when she struck, and the COZI*BIII ;
vices of the lifeboat might be needed dui
night to carry off a warp to the v,ssel, if eh.
again finat, kept the lifeboat awl her crew Om,
o clock this morning. This valuable ideboat..lai
heavy 'derma and terrific seas, was instrumental
the crew of seven men fwm the French brigantine I
of Nantes, and five men from the schooner Fredei
barn of Ipswich.
LONDON GENERAL 01INIRCA CI•UPANY (Li
—Traffic receipts fur week ending Dec. 9, 10,10e.'. 4,