The Lyttelton Times. Oct. 15, 1853.

Lyttelton Times, Volume III, Issue 145, 15 October 1853, Page 6

The Lyttelton Times. Oct. 15, 1853.

With but little space at our disposal, -we have this morning, Friday, been overwhelmed with a flood of papers from England, India, Australia, and the various Settlements of New Zealand. Our English advices extend to the Bth of July, and are of startling interest; for there seems to be no doubt that the lengthened peace, under which Europe has reposed since Waterloo, is on the point of being disturbed by a war, the consequences of which are, difficult to foresee, between Russia and Turkey, in which England and France will be implicated. A telegraphic despatch reached London on the Bth, to^the effect that the Russian army entered the Turkish territories by crossing the river Pruth, on the 2nd. This intelligence wasnot known at Constantinople at the last advices; but it was arranged that whenever the news of that movement arrived, the fleets of England and France were forthwith to enter the sea of Marmora. The fleets were anchored in Besiki Bay: the English^consisting of 6 ships of the line, 7 steam and 1 sailing frigates : the French, of 3 line-of-battle ships, and 3 steam frigates. Large reinforcements were on their way to join the squadrons.

The revenue for the quarter ending sth July, is described to be one of the most remarkable tables of its class that has ever emanated from the Exchequer of the Kingdom. The total increase of revenue in|the year, notwithstanding many reductions in taxation, is over £2,000,000. This happy state of things is attributed in a great measure to the gold discoveries of Australia, and the relief felt in England by the consequent reduction of the pressure on her resources. The last series of public sales of wool closed on the 7th June, and comprised only 62 bales of New Zealand. A report before us says :—" The opening prices did not meet the general expectations of the trade. The disposition of the dealers not to purchase, except at easier rates, caused competition to be less brisk than was anticipated. The manufacturers, however, were eager purchasers, and prices had an

upward tendency as the sales proceeded and would no doubt have closed satisfacto' rily had not the Turkish question assumed a serious aspect. This check created a fall of 3 to 5 per cent."

By a private letter, we learn that the Bishop was expected at Auckland about the 20th September, having left Sydney for the Islands on the 30th July. After remaining at Auckland a month, His Lordship would proceed to the South.

Taranaki has the honor of being the first settlement to inaugurate the new Constitution. The Provincial Council met on the 16th September, and was opened with what is termed " a temperate and straightforward address" from the Superintendent. We have no copy of the address. The " Joseph Fletcher" arrived on the 17th ult,. in 89 days from the Downs, with 150 passengers.

Mr. Leach arrived at Christchurch on Monday, from Otago, making the journey in eight days. From him we learn that stock of every description was ruling very high there : Yearling Heifers being worth 12 guineas; Maiden Ewes, 30s. to 355. a head ; Mares, of an inferior description, 35 to 40 guineas/ Mr. Leach left Dunedin on the 25th ult. Messrs. Cutten, Adams, and Rennie had been returned for the town to the Provincial Council, defeating Messrs. Robertson and Mollison. Captain Cargill had been elected Superintendent without opposition. The other elections had not come off. We have no room for any extracts from the papers this week.

The Choral Society commemorated their anniversary by a ball on Wednesday Evening. The party consisted solely of members, and, after passing a very agreeable night, did not break up till Sol's refulgent rays proclaimed the rising morn.