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 hos,iltics. On lhe 2Oh of January, a circular was addressed by the British Picnipotemiary to her Ma lesil s slltecs in ChiRa, announcing thatprelimua- " arrangements between the Imperial Commissioner and himself had been made to the following effect:

 "l. The oAssion of the island and harbar of Hong Kong to the Bitish Crown. All just charges and du- lies to the empfe upon the commerce carried on tbere to be paid as if de trade were conducted at Wham- ...2 Art indemnify, io the British Government of and the remainder in equal annual nstalmens ending in TS46.

 'ss. Direct official .inlercourse between the coun- tries upon an eqnal footing, . v

 "4. The trade of the port of Canton to be opened within ten days after the Chinese New Year, and to be carried on at Whampoa till further arrangements are practicable at the settlements Details re- main matter of negotiation" R

 'tHong Kong was to be garrisoned by the 18th Roy al lris and the harbor protected by two l6 gun ves sels. The Penipoentiary has published otfclally his intention to urge the opium indemPihcation claims upon the British Government, with the c6ncurrencc also of tho Governor General of India"

 The merchants, it is said are dissatisfied with this arrangement. Upon what ground is not stated, except dislike to Commodore Elliott

 There is nothing important the subject of Me- Leod. negro, named Dixon, who had applied to the London police office for charity, made confess sion, that he assisted in the destruction of the Caro- line, and examination stated that that vessel was in the employ of the 'rebels and her trips to Navy Island were to convey provisions, Be- for their use. This, h was thought, might have some important l bearing on the difficulties between the countries in relation to that affair." and Dixon was kept for fur ther use by tle officers of her Majesty. Tho course of the British Government this subject, appears to | he fno cuitca ,f Inc d rInfs The London Morning Herald of the l7th ult. in a fiery article, says:

 England inverts at the present day the great max i'm, 'Pacere sHJJectis debears stper5os. She exer cises patient endurance of insults towards sucl states as Russia and America, who are somewhat ac quanted with the art of war, but avishes her thun ders upon the Chinese and Egyptians, who are in fants when opposed the array of European battle with all its vast and varied means of scientific destruc ton.''

 The London Sun in copying an account from al American paper of outrage of British cruiser il overhauling the brig Richmond from Salem, near St Helena, says:

 We quote the following passage, to warn our Gov ernment that the old feeling, on the subject of ou men-ofwar visiting American vessels, still prevails and 10 urge it on the Administration, that he Majesty's officers should be enjoned whenever the, are obliged to perform this duty to act with as mucf consideration as possible Ciyty, which costs noth ing, is cheap method of preserving peace

 The Caledonia arrived at Liverpool on the morning of the 18th of Apr-making her passage in less than 14 days

 The news from this country received by the Gale donia regarded ofa pacific character, and the war excitement seemed to have subsided.

 The season in England and on the continent,is de- scribed as unusually forward.

 At public meeting held at Liverpool, on the 12th, to consider petition Parliament for the repeal of the Corn Laws, the proceedings were greatly inter- rupted by Chartists To an antI-corn law petition got up in Edinburgh, 22OOO names already signed.

 O'Conne was busy in Ireland pushing the Repeal agitation.

 l The Bank of Barber & Marshall, at Birmingham, had stopped payment, and caused much distress to the people, It mainly Bank of deposits. Also, l F. Wakefield & Son, bankers and stockholders, London. Rumored deficiency f7O,O0O. United States Bank shares sold in London on the 18th ult. at 15 los.

 A serious riot had taken place at Canterbury, in which several officers ofhgh standing in the dragons were implicated in manner that might prove very injurious to them.

 The exchange of flint for percussion cap guns to tho army will cost, this year, l50,0o0. Mir. Reynolds, the distinguished Dramatist. died at his house in Warren street, London, the 18th ult in his 77hy year.

 Great Br,tan enlarsing her navy and army ,and preparing for all the contingencies of war From the continent there is interesting news. The French Chamber of Deputies had granted, by a majority of l55 against 57, all the extraordinary and supplementary credits for ls4l required for the De- partnents of War, Marine, and Public Works, and amounting together to of upwards of 200 900, OOOf.

 The plague had broken out in St. Jean D'Acre, and in Egypt, in caravan of six thousand slaves, two thousand had died of the small pox. The Russians had made an attack Zibel and killed 300 Circassians and taken 300 prisoners. In India there had been battle between the na- tive powers, in which 5000 were killed. For commercial, Sc. see our New York and Bos- t,,u Iatfers