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Lote from Earope.-By the packet snip North America, the editors of the N. Y. Commercial Advertiser, have re ceiyed London papers to the 10th Au. gust, and Liverpool to the 18th.

 A debate of some importance arose in the House of Lords, on the night ol the llth, between the Duke of Vel iington and Earl Grey, involving the relations between Great Britain and Portugal.

 The Austrian Obsefver-the official Gazette of the Court Of Vienna gives ii flat contradiction to all the recent warllke rumors of the Paris Messager des Chambres founded upon reported movements of large bodies of the allied troops towards the French boundaries. The Observer likewise denies pre.emp- torlly, the reports of other papers, Of large military preparation ,ill tlae iate- rior of the German Empire.

 There Is DO later intelligence from Portugal; but the latest Paris accounts aee very diseouraging to the cause ol Don Pedro. Nothing has transpired to decide the authenticity or the con frary ot the news of the fortress of Al meida having declared in favor of the Young Queen of Portugal. The Chron- lcle says-We suspect that it is toe good 10 be true though not an improba- ole event, as the latest information from the Peninsula by way of France is si- lent in regard to it. One important fact established is, that up to the first Instant, Ferdinand had not ventured to gve orders for any portion of his troops 10 cross the Portuguese frontiers, to as sist Don Miguel in driving Don Pedro out of the country.

 The French Chambers were not to be convoked until November. l Eight ddys Later.-The King of Eng lands Speech to both houses of Parlia- meht on their propagation, is mere collection ot words, and conveys little or no Insight into the foreign policy oi Englands or the internal state of that country.

 Tle radical papers abuse it without measure, Indeed it's very apparent that the present ministry are fast loosing ali favor with that party.

 1t would appear from the accounts from iortngal that Don Pedro's Adml- ral had attacked the squadron oi Mi gnel on the 10th and llth, and that though not successful at first. ,.he i.oped when he had collected all his ships to give good account of the enemy. IL will require more decided success on hls part to enable hun to continue the blockade Of the two great rivers of Portugal, and if the blockade of Opor- to IS the object of the expedition from the Tagus, fl would seem that its pur- pose is temporarily accomplished.

 On land, although Don pedro's arm, IS more than match for the enemy n the held, t appears to be hemmed in al l Oporto by superior numbers.

 Some of the leading English Jour- nals call loudly on the British Govern ment to fly to the assistance of Don Pc. dro, and on the people to assemble in pubic meetings and iastigate the go yernment to interfere in his favor. We apprehend from the whole tenor of these aceoants that the situation of non pe- dro is rather critical.

 The eycitementis still kept up in the German states on the Rhine, in conse- 1uence of the deere $ of the Diet, alsd It appears to have increased in conses quence ofan attempt to assassinate the eldest son of the Emperor of AustriA. Hh'eh however does notappear to hav lJcct. as

 Latest. The arrival of the ship Fl sha DenIson, from Liyepool, has placed