25 MAY 1861, Page 3

A convoy of troops, despatched by the Turkish authorities to

Niksich, still besieged by the insurgents of the Herzegovina, has been cut to pieces. Out of sixty .Albanians only fifteen escaped. The massacre was committed by Montenegrins, but apparently without any orders from their prince. Omar Pasha is proceeding to the scene of these disturbances, and will, it is said, issue a proclama- tion containing great concessions. The emission of mimes is causing great financial embarrassment at Constantinople, exchange being at two hundred and four piastres the pound, sterling. In other words, an English sovereign is worth rather more than two pounds of the local currency.