THE SHIP HYDRABAD.

It is much to be regretted (says, the Chronicle) that the long and gallant efforts to float this fine ship have proved unsuccessful. Just as the hopes of the owners seemed on the very brink of realisation, they are dashed to earth by an unfortunate accident. On. Saturday morning there was a splendid tide for operations. At 9 o'clock the s.s Glenelg, having made fast to the Hydrabad, went full speed ahead, a full crew at the same time heaving on the windlass to which a treble purchase was. attached from her chain cable; As the tide flowed, the ship began to move, the back swell helping her out to seaward. All went on well till 10.30, when the following signal was run up! from the Hydrabad :— " Leak is gaining rapidly." The Glenelg, of coarse, stopped towing,, as it Would be useless to get the ship off only to have her sink in deep water. Communication with the ship showed there were five feet of waterfin the hold, at the same time there were fifteen feet five inches depth of water on level bottom alongside of her, and one foot, more thirty fathoms astern. Thus, if the ship had been pumped dry and had been tight, her draft of water would be less than that round her, and she would have been towed off with ease and brought on to ! Wellington by the Glenelg. Beeing that farther delay at the ship would be useless, the Glenelg steamed on here,' arrriving at: 2.30 a.m yesterday. Captain Gibbons accompanied the Glenelg on the last trip, and Captain Holmwood joined her off the Hydrabadjf and came on here as passengers. It has been decided to allow the Hydrabad to drift upon the sands as far as she will go, when the remainder of her cargo will be taken out and carted to Foxton.