New Zealand Spectator, AND COOK'S STRAIT GUARDIAN. Saturday, October 16, 1847.

New Zealand Spectator and Cook's Strait Guardian, Volume IV, Issue 231, 16 October 1847, Page 2

New Zealand Spectator, AND COOK'S STRAIT GUARDIAN. Saturday, October 16, 1847.

The news by the Saghalien is of unusual importance. The New Zealand Company is about to recommence its colonizing operations, having received from the Government the assistance of an additional loan of £1 36,000 u ithout interest. A Commissioner is to be appointed by the Government at a salary of £1500 per annum, to be paid by the Company : for the next three years the Government give up to the Company the entire and exclusive disposal of all Crown lands and the Crown's right of pre-emption. The settlement of Otakou is immediately to be proproceeded with, and emigration to New Zealand is tobe renewed under the Company's auspices. We have extracted from the New Zealand Journal of the 15th May, a short account of the arrangement; and will publish in our next number theCompany 's annualreport, and the correspondence with the Government, which forms the basis of the arrangement. We have only time at present to express our hope, that since the claims of the Company have been so liberally considered by the Government, the Directors will at least show the same consideration to the claims the settlers have upon them, and settle old scores before they commence a new series of operations.

The Saghalicn arrived on Thursday from Nelson, which she left the previous evening. She has made a very good passage from England of one hundred and eighteen days. The greater part of her hands having quitted her at Nelson she was brought here by a crew of H.M.S. Calliope, under the command of Mr. Polkinghorne. Shortly after the Saghalien's leaving Nelson one of the Calliope's men was washed out of the heads and unfortunately drowned, It was blowing very hard at the time with a heavy sea on, and the man was not missed until the hands were mustered- in the evening. The Ralph Bernal and another vessel were laid on for Wellington ; the Ralph Bernal may be expected to arrive about the middle of next month. The Saghalien's mails are on board the Calliope, which sailed from Nelson the 3rd instant. She was to call at Wanganui previous to her return to Wellington.