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Ths Neic YOlcaAO.-The PhiIomel brig of war, which left Malta Harbor on Tuesday afternoon, the 18th July, with the masters of the St. Vincent and Ganges to ascertain the correct particulars, cGc. of the New Volcano Island forming off Scaicco in Si- cily discovered the object at A M. on Thursday the 2lst. At six observed a thick smoke issuing ap- parently from the sea, the spot bearing N. w. 3-4 w., and steering in that direction, fell in with the Hind cutter at nine, which vessel had left Sunday the l7th, but had not yet reached the New Volcano owing to calms. The island then bore N. w. by w.. six or eight miles distant at deg. 45 min. The Phomel hove to- three miles to windward. Capt. Smith with the two Masters. and Col Bathurst q passenger left the vessel in boats for the purpose of taking soundings near as they could approach with safety, but had scarcely got one mile away when the volcano burst out with tremendous ex- plosion resembling the noise Oa very heavy thunder sorm and faneS of fire, like flashes of lightning | The boats were covered with black cnders which also fell board the vessel, and all around to dis tance of at least, three miles from the volcano.- The eruption in all its fury lasted minutes, and when the smoke had somewhat cleared away, the island had increasedin in size ten-fold

 The volcano burst out regularly at about every two hours. and emlts all around it suffocating sul- phureous stench. On first making it, at long dis tance, il resembles cluster grove of cypress trees. The English brig Booile, of Liverpool an American, and one or two foreign vessels, were off the place.

 Its precise latitude is 37 II North, and longitude 12 A East; the soundings in the vicinity, say 80 yards off the island, bearing N E.. 70to 75 fath- oms West, quarter of mile, 72 to 76 lathoms s- At five and six miles distance they vary from 70 to 80 fathoms. The volcano appears composed mostly el clnders of a rusty black color, having only sprnk- ling of lava, of an obong shape and the Island. as last Friday the 23d, not less than three quarters of mile in circumference. The N. W point is the highest say about 80 feet above the lev el of the sea and lower towards the southern extrem ty. The s. E. side of the crater has fallen in to the level of the sea. The sea is drawn in with a very loud nose and occasions an immense volume oi white vapour to rise up in the air, curling and spread ing high and wide; then succeeds rapidly the erup ton of cnders and lava, thrown to the height of from 400 to 800 feet and on some occasions to 000 feet lorking and branching out in all directions in its cent, and afterwards rolling and pouring down in supendous masses, with such violence as to cause noise like heavy thunder and making the sea for a considerable distance around one entire sheet of foam-atogether sight not to be imagined