LATE ENGLISH NEWS.

Taranaki Herald, Volume I, Issue 12, 20 October 1852, Page 3

LATE ENGLISH NEWS.

The political news is of very little importance, and we therefore give the first place to commercial intelligence, which contains the gratifying fact of a large increase in the price of wool. Most extensive preparation were being made for emigration. Tenders for the conveyance of emigrants to all the Australian ports had been ""called for by the Commissioners. The Derby Ministry may be said to have entirely thrown protection overboard, Lord Derby having gone even beyond Mr. D'lsraeli's Budget speech. There were rumours that Sir John Pakington would resign his office, which will probably pave the way for the admission of some of the Feclitcs into the cabinet. The Ministry still continued in office. The rumour was that Parliament was to be prorogued about the end of June. The debates were of no importance, except the passing of the Income Tax Bill, and a long | discussion on the New Zealand Bill. The first Australian Mail Steamer, which leaves Plymouth on the 28th June will bring out, if she can accommodate them, a large draft, consisting of nearly 300 men, to reinforce the troops in that colony. The ships laid on for Australia fill most rapidly. Emigration is much on the in— j crease, principally among the educated and intelligent classes, many of whom are leaving comfortable situations in the city. The Maynooth agitation was increasing in England. Late accounts from America state that one of the senators, the Hon. John Barney, had challenged the French minister to fight a duel, in consequence of some misunderstanding between them ; but the latter declined. Official letters have been received from St. John's, Newfoundland, at which place nothing was known of the ships reported to have been seen on the iceberg. Lord John Russell had addressed a long letter to tho electors of London. The Peninsular and Oriental Steam Navigation Company hnd announced that their new steam ship Formosa would be despatched from Southampton on the 7th August for Sydney, calling at the Cape of Good Hope and Port Phillip. The Queen of the South, a screw steamet belonging to a private company, was to leave England for Australia in the middle of June. The Wool Sales were going off very favourably. An extract from a letter to a mercantile firm in Melbourne states thnt the advance in wool was 4d. per lb. on Febru- ' ary rates, " Sales commenced on the 20t h inst.— the first day a penny up> and kept stiffening gradually till sth day of sale, viz. on the 2.oth inst., when I sold 800 bales of Port Phillip wool at 4d. per lb. advance ; the owners were present, and fully satisfied with the result." :