The Sun.
London, England, 1865-05-02 00:00:00

The New Turkish Loan,

The new Turkish 5 per Cent. Loan for £3,636,363
in bonds to bearer of £lOO, £5O, and £lO, and in
francs for similar amounts for the continental
markets has been announced by the General Credit
and Finance Company of London. The debt is

redeemable in 37 years by the operation of a sinking
fund of 1 per cent. The price of issue is £5O, but it
is reduced to £47 10s., reckoning the interest due

next July. The subscriptions are payable in six
instalments ending the 13th October next. The
loan for the conversion of the Internal debt, and
which will amount to some £20,000,000 sterling,
will be announced in a few days. Pending the noti-
fication, the following particulars have been pub-
lished :

"The 'provisions are contained in three laws of the
Ottoman Empire of the 17-29, 18-30, and 19-31 March,
accompanied by an official report, or ' Expose des Motifs,'
by his Excellency the Finance Minister of Turkey to his
Highness Fuad Pachm, the Grand Vizier. The law No.
1 creates a ' Grand Livre' similar to that of France, for
the 'general public debt of the Ottoman Empire.' This
general public debt is to be one uniform denomination,
bearing 5 per cent. interest, payable half-yearly, on
1-13th July and 1-13th January, with 1 per cent.
sinking fund, payable in gold in Turkey, in sterling in
England, and in francs in Paris, and also at Amster-
dam and Frankfort, the Obligations being printed in
Turkish, French, and English. The sinking fund is to be
applied in the purchase of stock in the market, and is accu-
mulative, so that all debts inscribed in the ' Grand Livre'
will be extinguished in thirty-seven years. The difference
between the rate of purchase and the par rate goes to
form a reserve fund, which accumulates at com-
pound interest. The debt inscribed in the ' Grand
Livre' is guaranteed by the genezal revenues of the empire,
subject only to existing hypothecations of certain special
branches for former foreign loans, which on their extinction
by amortisation will merge in the general revenues. No
inscriptions of debt are to take place in the ' Grand Livre,'
unless previously authorised by a special law duly published,
and without previous provision having been made for the
interest and amortissement of each new inscription. The ad-
ministration of the ' Grand Livre' is entrusted to a special
functionary of State called Governor of the General Debt,'
assisted by a council of not lsss than five, or more than nine,
to be chosen among the principal bankers and merchants of
Constantinople. Law No. 2 authorises the inscription of
40,000,000 medjidies d'or, equal to. X 3,363,343 nominal
capital,
in the 'Grand Livre,' of which 29,000,000 is reserved
for the conversion of the existing internal debt; 4.000,000
is to be issued for the present loan ; and the remaining
7,000,000 is a reserve specially destined for public works,
to be issued not sooner than by three annual issues,
the first not taking place sooner than twelve months
after the present issue. Law No. 3 contains the par-
ticulars of the conversion. Each consolidd of 100 med-

jidies d'or, or £9O sterling, is to receive 121 medjidies
d'or, or £llO sterling of the new stock, with a proli-
atonal coupon representing the interest between the
1-13 May, when the old coupons are payable, and the 1-13
July. Each setglad, or on-senelik, receives new stock for
the same nominal amount as the old stock ; and each
tahvilate muntaz4 receives 143 mejidies d'or for 100 old,
with special provision as to these current coupons. The
conversion is entirely optional ; and those who do not con-
vert within three months will only be allowed to do so for
one and a-half months longer, at a reduction of 10 per
cent. ; and after this latter term no application for con-
version will be admitted."

It is stated that the armour-plated vessel, the
Cheops, constructed by M. Arman for Prussia, will
leave Bordeaux early in the present month for the
Baltic. The officers of the Prussian navy who are
to command the crew have arrived in that city.
REPEAL OF THE TEA DUTY.—On Saturday Mr.
Baines, M.P., waited on the Chancellor of the Ex-
chequer, at the request of 27 of the principal tea-dealing
firms in Leeds, "to suggest to the Government that the
Inland Revenue officers be instructed to allow a drawback
of duty on all original packages which were in the hands
of dealers at the time the new duties came into operation."
The reply of the right hon. gentleman was, that it was
altogether contrary to rule to allow any drawback in such
a case—that it was never done under any circumstances,
and that it would, therefore, be perfectly vain to discuss
the question. Of course this reply applies to all tea whlch
has paid the duty and been taken out of bend.—Leeds
Mercury.

MR. B nwER-LYrroN, Secretary of Legation at
Athens, has been appointed Secretary. of Legation at
Lisbon.

(Cala C °
140,,i1r.
10,

HER MAJESTY.

OSBORNE, May 1.
The Rev. G. Prothero performed the service yes'
terday morning at Osborne before her Majesty and
their Royal Highnesses Prince Alfred, Princess
Helena, and Princess Louise. The ladies and gentle-
men in waiting were also present.
Her Royal Highness Princess Beatrice attended
the service at Whippingham Church.
To-day is the birthday of his Royal Highness
Prince Arthur.

Sir George Grey returned to London this morning•
His Royal Highness Prince Alfred honoured giss
Durant with sittings during last week for a medallion•
The Hon. Flora Macdonald has succeeded the
Hon. Lucy Ker as maid of honour in waiting.

Return of the Prince and Princess of
Wales to London.

-
The Prince and Princess of Wales and Prince
Albert Victor, attended by the Hon. Mrs. E. Colke,
Lieut.-General Knollys, Major Grey, and ir
Fisher, arrived at Marlborough House yesterday
afternoon, from Sandringham.
Irb.ft,on
Their royal highnesses travelled from a
Station, on the Lynn and Hunstanton line/ by
special train, which was under the charge of Mr*
Robertson, the superintendent of the Great Easter
Railway, and on arriving at Shoreditch tern:on'
at a quarter to five, the prince and princess were
received by several of the officials of the railwele.
A great crowd of people had assembled outside to
gates, but within all was kept clear till the earriell
conveying their royal highnesses to Marlboroug
House had left.

HER MAJESTY—it will be seen from the ReP°rtf
- ,Og
the Lords and Commons—has within these last few
written with her own hand a letter of condolence to Ws'
Lincoln, offering to her the sympathy of a " t°
t. 14
widow" under her sudden and most bitter bereaveweina,
So like the Queen ! many will say—and who will not ort
while saying it? not with the lips only, but from the he
—God bless her !
The birthday of Prince Arthur yesterday Wiris
celebrated with the customary rejoicings at Windsor•
royal highness, it will be remembered, is now eV-
making a tour in Egypt and the Holy Land.
His Excellency the Prussian Ambassador 3 •
family returned to town yesterday from St. Leonsrds-61:

Sea.
The Duke of Beaufort left town yesterday for

Newmarket. The Duchess remains in town.
TOO
The Duke of Devonshire and Lady
Cavendish have arrived at Devonshire House, Fleet'

from Lismore Castle, Ireland. have
The Duke and Duchess of Grafton were to
arrived in Paris yesterday from Cannes, where th° 11°1:0°
duke and duchess have been passing the winter. TheLgt
expected to arrive at their mansion in Piccadilly,
week.
• ea
The Duchess of Bugcleuch is nearly recover
from the effects of her recent accident. The noble '1:
and duchess and Lady Margaret Scott are expecte' °
arrive in Belgrave-square in a short time for the sea's°.
e the The Marquis and Marchioness of Ailesbull tbe
to town next week from Savornake Lodge, Wilts, f°l.

season.
g'oll
The Earl of Lonsdale has returned to his wan)
on Carlton-house-terrace from Ventnor, Isle of Wight.
'.
The 'Earl and Countess of Dalkeith have ar.".
in town from Dalkeith Palace, near Edinburgh. -rprti
The Earl and Countess of Seafield and tlia
Reidhaven have returned to the Clarendon Hotel f°r
season. ea
The Dowager Countess of Longford has retail
to Bruton-street from Brighton. go
The Dowager Countess of Bradford and
Moncreiffe intend to leave Weston Hall, Staffordshire'
day, for Castle Bromwich, near Birmingham.
Lord and Lady Wenlock have arrived in t
for the season, from Eskrick Park, Yorkshire. their
Lord and Lady Tredegar have arrived at
„ran -
residence in Portman-square, from Tredegar Par]; '--
mouthshire. • d
Lord and Lady Qhesham have just sustaloc
loss by the death of their second son, the Hon. Algii°s9l
William Cavendish, which took place at Latimer, '-
on Saturday lsst.
0.54
Lord and Lady Middleton and the 11°11;•
Willoughby have arrived at the St. George's gote"
icrr
Lord Schomberg Kerr and Lady Victoria -1-'OO
are staying at Beaulieu, the Duke of Buccleuch's sot, n
Southampton,
Lady Charles Wellesley and family come t° toßn
for the season to-morrow, from Conholt Park. ,ntbr
Lord and Lady Walter Scott, who have reee—ep
returned from the Continent, left the Duke of Bucelenb-too
residence in Belgrave-square yesterday, for Boughton

House, near Kettering. -
DEATH OF MR. W. WILLIAMS, M.P•"-- beat
gentleman, who long represented the boiough of Lal33-are
in Parliament, died at his residence in Park-gill
Regent's-park, on Friday afternoon, after a lingering tefor
He was in the seventy-seventh year of his ago. Ile P"..00
Coventry from January, 1835, until the general el g5O•
in 1847, and was first returned for Lambeth in Jul 9,
Mr. Williams was a merchant, but had retired from it
ness before turning his attention to politics. Se c3511',3
one time a member of the Court of Common Council'
was a staunch Liberal in politics.
THE LATE HEREDITARY GRAND DUNE OF Rilsoi
—A solemn funeral service was cel6brated on Sunditl:,
the Russian Chapel, Welbeck-street, for the late C3Al,,r
witch, at which his Excellency the Russian Ambassgog
and Baron Brunnow and all the Secretaries and Attao;
were present, besides most of the officers and Russian
jects at present in London. The Rev. Mr. Popoff officiteie
Nearly all the Courts of Europe have alre3s,To
gone into mourning for the Hereditary Grand Dukek' 0 a
Court of Berlin—will wear mourning for three Noe' •
that of Vienna for a fortnight.
404

INNER TEMPLE, May I.—The undermen the
gentlemen were this day called to the bar 11,-lorst,
Hon. Society of the Inner Temple :—John Eldon or
M.A., Cambridge ; Alfred Arthur Kaye Legge, /3'A/1;011a:ear
ford; Charles Stuart Calverley, M.A., Cambridge;
M
ge
EBbHciad.inAwddwdm.gs,aeoiarONl:ildx:v
rsfSocotmrawiaalnmil tih;habA
Nomero:t
Oliver
sD
Hr.;
tA.
aALHO:o.
dnsOgpyexe Oxford.faoCßGcroh. dAAcakß;r:D;eWOEsli
loNiaerainadmljr
t„aJa r
ao;131 :ells.
the
:1.
of
Isgboa
; 'OO
Horticultural Society have consented that an ex."'"h ,A
window and house gardening by the working classes a 1160
be held at the gardens of the society on July 1011133: es 00
agreed to appropriate £5O to be distributed inPr'°l.y ogt
that occasion. A committee has been formed t° cari,„ol°-
htheirseof parishesbject,andeehamvpeeftoeuwndh,teohn ctahlecyulhataivoen,
every r
t if te?anot°o
believe will be induced to do so from the interest fe"; least
matter by the parochial clergy and others, a saw tba
£4OO will be required for this purpose. For this tllO
committee are making an appeal to those wh°,l3l:rt,ean
social and moral good of the working classes at 'le
ea ail°
they believe that from the interest already exPres3
sum will without difficulty be raised.
ROYAL INSTITUTION OF GREAT
the annual meeting of this institution last j: f
—Mr. Wm. Poole, M.A. F.R.S., treasurer and vieae,
dent, in the chair—the annual report of the COr";.01,0.90
visitors for the year 1864 was read and adopted.
and pamphlets presented in 1864 amounted to 1151 3 troas,
making, with those presented by the managers Oa 1)0
0 3 -eta'
• 01
a total of 436 volumes added to the library t,,tbre
Fifty-one new members were elected in 1864. 'a„ring
lectures and 19 evening discourses were doliveredr
to
the year 1864. Thanks were voted to the treasi;u'rs,
ito
secretary, to the committee of managers "d for tbcic
Professor Faraday, and to the other professors, 1,11, fol"
or
services to the institution during the past Ye'' ..icore
lowingmt h
.eph sDu
t.gentlemenneg.year:—President,
spr were unanimously
;eusnt
treasurer,daen ni os tsrl v elected as c" t
woods, M.A., F.R.S. ; secretary, RenMilryern"BrYWer:icifel7jal°llll:3:s7lii'cit.titts:
M.D., F.R.S. LL, 1‘1011."
LIFEBOAT SERVICES.--FOWEY, CORNWA
_swag.
day.—lnformation was received here
(writes Mr. W. E. Geach) that the Hanover,,,i4esEintracht was lying at anchor on the lee shore, oiaceus'of 00
town, in St. Austell Bay, and required the soy ~,,,johed'
lifeboat. The boat was thereupon immediatolTowi.'„ ceri
and proceeeded across the bay, the wind b. 11.7sebili
strong from the S.E., at the time. WI foo
her °Jut strail'_:
the vessel the coxswain boarded
her hanging on to her anchors with a gre.:rer
tho
the sea making a complete breach .
o°..eota
The lifeboat lay to windward, and remained there het
rt
twhiennd•isnh
safety,i fted andth
et hletf
eweatherheatreturned
t. d
en. j3teofot
leaving thevessel the captain expressed his grail... Aces.
coxswain and crew of the lifeboat for their eel „toe
eat ev-' 6iffg
the galliot lay so close off Charlestown .gr s and
was occasioned throughout the town, thtebecl:tilir3eYifare 00feetPa,
being lined with spectators anxious for eX
apparently doomed vessel. The lifeboat b_ewlan witileaseu.
ingly well, and was the admiration of all shor
her qualities and steadiness in a rough Wl' QM'