LATEST ENGLISH NEWS. [From the Sydney Morning Herald, Sept. 14.]

New Zealand Spectator and Cook's Strait Guardian, Volume III, Issue 228, 6 October 1847, Page 3

LATEST ENGLISH NEWS. [From the Sydney Morning Herald, Sept. 14.]

By the Penyard Park and Eleanor Lancaster (the latter vessel having made the quickest passage of the year), we received files of London papers from tne Ist May to I the 2nd June. | Although the pressure on the money-market j still continued, there had been several circumstances to cause a reaction, in consequence of which the funds had risen three per cent. A j large amount of gold had arrived from Russia, and fine weather had set in, which had a most beneficial effect upon the crops ; the prospects of the harvest were most cheering. It was supposed that the demand for gold for the purchase of grain was almost at an end, and that it was the money required to pay the railway calls which kept commercial affairs in their disturbed state. The wool sales had terminated much more favourably than was anticipated. On good wools there was very little fall, but as those offered were a mixed lot, there is a decline on the average, out it was certainly less than twopence a pound. Tallow had a slight tendency upwards. Freights were very high. The East India Company had chartered several ships to proceed to Calcutta with troops, at from £11, 11s. to £12 a ton. It was expected that Parliament would be prorogued about the middle of July, and that there would most probably he a dissolution soon afterwards. Cauvassing was proceeding with great activity iv all parts of the kingdom, and there, was a general impression that i there would be a coalition ministry after the elections. On the Ist of June the House of Commons was occupied till a late hour in the discussion of a motion proposed by the Earl of Lincoln for an address to her Majesty, praying her to take into her most gracious consideration the means by which colonization might be made subsidiary to other measures foi the improvement of the social condition of Ireland. His Lordship, in a very long and able speech, explained that his object was to obtain a commission to inquire — first, whether colonization could be applied so as (o relieve those who remained in Ireland ; secondly, whether it could ! be applied so as to relieve those who left Ireland ; and, lastly, whether it could be so conducted as not to interfere with the interests of our colonies. Mr. Hawes, as Under-Secre-tary of the Colonies, in replying to the motion, admitted most of the principles contained in his Lordship's speech ; hut differed from him as to the expediency of appointing a commission to inquire into such a subject. He refused to move any amendment on the motion

of Lord Lincoln, and suggested to the noble lord the propriety of withdrawing it. A long discussion then took place, in which Mr. Gregory, Mr. Y. Smith, Sir R. Peel, Lord John Russell, Mr. Hope, Mr. Hume, Mr. M. O'Connell, Mr. F. Scott, Sir W. James, Lord J. Manners, and Mr. Aglionby, took part. In conclusion, the address was agreed to ; but Lord J. Russell intimated that he si ould advise her Majesty not to issue a commission oi inquiry, but to conduct the inquiry through the agency of the Executive Government. He expressed his readiness to advise the Governors of our North American colonies to consult their Executive Councils and their local Assemblies as to the plans oi emigration to which they would lend their aid ; and be added, that he would lay the result of those consultations on the table, along with the opinions of the Administration upon them, early in the next session of Parliament. Lord Besborough, the Lord Lieutenant of Ireland, died from organic disease. He had been succeeded in office by the Earl of Clarendon, whose appointment of President of the Board of Trade was conferred upon Mr. Labouchere. Mr. Fox Maule was the new Irish Secretary. Mr. O'Connell died at Genoa on the 15th of May. We notice in the obituary the names of Sir John Beckett, Sir Arthur Chichester, Generals May and Dyott, and Admiral Maples. In consequence of the rebels continuing to hold out against the Queen of Portugal, a convention had been entered into by France, England, and Spain, to assist her Majesty, and a powerful fleet was placed under the command of Sir C. Napier for the purpose of carrying out the convention. In Spain, the marriages, which by the interference of France were carried into effect, were likely to end most disastrously. The Queen iutended to procure a divorce from her husband. A Bill for giving a lepresentative government to Van Diemen's Land was about to be introduced immediately. The Port Phillip separation question was evidently shelved for the session. Governor Robe, of South Australia, has been appointed Deputy-Quarter-Master-Ge-neral for the Mauritius ; we have not ascertained who was to succeed him in South Australia, Mr. Richard Robert Madden had been appointed Colonial Secretary for Western Australia. The Channel Squadron. — Rear Admiral Sir Charles Napier hoisted his flag oh board the St. Vincent, 120, Captain Milne, Portsmouth, on Thursday; and in company with other three-deckers and some steamers, will proceed to Li>bon, and relieve Admiral Sir William Parker, Bart., G.C.8., in command of the channel squadron; 'the latter gallant officer's presence being urgently required at this juncture in the Mediterranean. Rear Admiral Parker's flag has been shifted from the Victory to the Excellent, gunnery ship. Mr. J. W. Ozzard, late purser of her Majesty's ship Vixen, is appointed secretary to ihe Rear Admiral.