ARRIVAL OF EMIGRANTS, (From the Extraordinary to the Sydney Morning Herald, February 19.

New Zealander, Volume 3, Issue 190, 25 March 1848, Page 2

ARRIVAL OF EMIGRANTS, (From the Extraordinary to the Sydney Morning Herald, February 19.

The arrival of the Hyderabad, after a passage of ninety-six days, has put us in posses sionof English newspapers to the 1 Oth November, three weeks later than those previously received via India, and five weeks after those direct. The determination of the Government to permit the Bank of England to break through the restrictions of the Hank Charter Act had had a baneful effect, for although failures continued to occur, tlicy appear to have been nearly all consequent on those which had taken place in Octob* r. No very important house had gone. The prices of raw materials had declined, but not bo much as might have been expected. Parliament was' to meet on the 18th November. It was supposed that the Government would bring in a Bill of Indemnity for the Bank of Enj>U>»u, but whether any permanent relaxation of the Act would be proposed was doubtful. From the replies of the Ministry to diiVerent deputations it would appear to be their opinion that the depression was the natural consequence of over speculation, more particularly in railroads, and that no legislative interference would be effectual.

The piice of wool had fallen. To what extent we can hardly tell, not having had any circulars, but the impression iv town is, that in low wools the fall has been considerable, and in first class wools but slight. We suspect, however, that it will be found, that sooner than submit to a fall, the holders of good wool withdrew a lar^e portion of it, which had a buoyant effect upon what was actually sold, and that the inferior wools were sold at what they would bring. Wool Sale.— On Tuesday, Nov. 2nd, Messrs. Daniel, Hazard, and Son put up 172 bales. Australian sold lOd. to Is. 3d.. Cape at 7d. to 1 1£., and greasy at 4i to 5<J. per Ib. New Zealand lOd to Is. Id. The Aichbishop of York died on the sth of November, at the advanced age of ninety years, fifty-seven of which he had been a bishop. Theve had been several changes in the government departments. Mr. James Stephen, so long Under Secretary of State for the Colonial Department, had resigned his office, and a=i a mark of respect had been created a Privy Councillor. Mr. Merivale had been appointed to succeed him. This gentleman had not, we believe, liiihei to held office, but is favorably known from the Lectures on Colonization, which he delivered at Oxfoid a lew years since, where he was Professor of Political liconomy. Mr. Porter, so well known as a statistical wiiter had been promoted to the Under Secretaryship of the Board of Trade, ami was succeeded in the Statistical Depaitmen by Mr. Fonblanque, editor of the Examine newspaper. W « observe that Mrs. Chisholm was jmb»f lishini? sonic portions of her " Statements from. Emigrants "in the London papers. They aro calculated to be most useful.

Immioration.— The Uydetabatl, from England, will* 270 emigrants arrived on Saturday Insti lmtnrdi-> I afcly ufter onr issue of that day's publication, brin^ine; news about thrrc weeks later than we had pttviously p-ceived, via India, and about five wet ks Inter than that received direct. Tho Monetary ami Commeicial news continued very gloomy, larjje failures were still VCry frcqULnt, arising principally from ovo-sp^cutatiun and the heavy cull* for ra\l-road». Parl ament was to ast-emblt) on the 18ih November, for businos immediately tonuectfd with the Bank of England Charter. A Berious fall has takeu place in the price of wool, principally in inferior qualities, and low-priced \sjooj. (ireat distress p-cvailed again in Ireland, and the most (rightful Reprehensions were entertained of the consequences of the winter— the potato di«ense having been, very destructive both in Ireland and Scotland. The London AfUts of the Qth of November, observes— " Tl>e condition of trade and of monetary nflfiii^ »•* Hicy affect the laboring clagsrs, is such as t> exeito very grave apprehensions for the approaching winterseason. Buiine»« is BttH'itagAant in the inanuiaoturing districti, although a more hopeful feeling prevaili, and there have bi>en no additional failures durinp the last few days But UQtUing Uns yet occurred to clivtr the hopes of the unemployed operatives. A Ideal paper Buys that the diminution, in the number of hands wrking full time in Manchester mills, is only GBO eh.ee last wtek, and it regards this mclancholv result as fivombit) f>iy nd expectation, tho diminution in fho previotn week linv'me been 4(00. Siv town 1 ) are enumtriitt'd in whiih 57 nulls have st pped nltoj>cthei ; ni.d in 14 other pltices the qm'ei stoppuU auijiunt to an a^rega'r of 2,5.'5,G, jMirs. Then the wtoppages of ralway \»n\!^ is entailinpr an alaiTDing amount of pauperism on the country. Up to Saturday last, at least ,'30,010 navigators had been discharged from the various linen, and it is estimated that beforv tUe end of the piescnt month, that number will have been doubled, lie-ides these, 10,(H 0 rmchan'rs will be thrown out o( employment, making in nil 70,000 men with thnv fimilii's, or about 150,000 persons, who will h'tve no resource durinir tlie cominfir winter, but Iho poor r^tes or thieving." — Sydnfty Atlns.