The Sun.
London, England, 1853-01-31 00:00:00

T U RICEY.

The negotiations pending between five Greek
merchants and the Porte, regarding the liquidation
of the Bank of Constantinople, having now ended,
the former have issued a circular, bearing the date
of the 10th inst., by which they inform the public
that the Government has placed the books land
funds of the hank at their disposal, and that they
will do their best to merit its confidence. They
also give the glaring fact, that the debts of, the
bank, which exceeded 1,500,001., have been re-
duced to 400,0001.
The Messrs. Alleon and Baltazzi have also, in
their turn, issued a circular thanking the commer-
cial body of this city for the support it afforded
them during their administration. You may ?low
fairly say that the cuttain has dropped on the !last
act of the famous loan and bank comedy.
Abd-el-Kader was presented to the Sultan by
Fouad Effendi, the Minister for Foreign Affairs,
on the 11th inst. His Majesty received him With
great distinction. As it was expected, the speeches
on both sides were common-place concerns. The
'Emir was to quit Constantinople for Broussa on the
15th. He has repeatedly manifested his disappoint-
ment at the coolness of the reception he has, met
with here ; indeed, never has the apathy a the
natives been more marked, and were it not for the
originality of his costume he might have traversed
the streets unnoticed.

EGYPT.

The body of Mr. G. H. Fraser, the young cadet,
who was one of the overland passengers by the last
mail to India, and who was drowned in the Nile
by falling from the deck of the steamer, was found
in the river a little above Atfeh on the 14th inst.,
and brought down to Alexandria, where he was
burled in the English burial-ground.
s
w s pAy r_ll,,A.
.i.,,,,,ceinting of the English residents has en held .
to consideration the a aus
of ti e Eng:
••-!!'ifFi'e ' hurch now in course of
construction in Alex -
a-
r... . Though the foundation-stone of this
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church was laid in the year 1839, and 8,0001. ster-
ling has been expended upon it, it is not yet
finished. Strenuous exertions are being made by
the residents to complete the structure, and it is
hoped that the Government at home will come for-
ward to their assistance. A proposal has been
made, in order to raise funds, to sell a portion of
the ground adjacent to the church, which, from its
central position, would fetch a high price ; but, as
this ground was a gift from Mehemet Ali to the
English community, it would be very desirable
not to be under the necessity of having recourse to
such a measure.

At a sitting of the Council-General of Finances
at Cairo it had been determined that, in con-
sequence of the pernicious effects to the Govern-
ment of Egyp:; o.: the system which has of late
years been pu:; into practice, of European mer-
chants buying +ll3 standing crops of the cultivators
of the land, while the Latter do not account for
their taxes, any European who shall in future ac-
quire produce from any person so indebted to the
Government will be subject to have his bargain de-
clared null and void, and the goods which he has
purchased confiscated.
The several European Consuls seem bent upon
opposing this measure, considering it as in opposi-
tion to free trade, which is guaranteed to all in
Egypt, and there is no doubt that, if allowed to be
carried into effect, it will lead to many abuses and
encroachments on the part of the Government.
The prosperity of Egypt has been steadily increas-
ing under the benefits of free trade, and a return
to monopolies would undoubtedly check it. The
revenue of the country this year has been greatly
enhanced by the high prices obtained for all grain
and pulse.
Vessels are very much wanted, and freights are
still on the rise.