On the 14th November, the smack Mary Elizabeth, of Padstow, was observed to be fast drifting towards the rocky shore, west of Bude- haven, in a dismasted and unmanageable state. A high surf was setting into the entrance of Budehaven at the time, but the life-boat wa? quickly launched, and rowed out through the high breakers, which on this part of the coast are of a very heavy and dangerous character. After an hour's hard pull, they reached the vessel, and took off her crew of 3 men, landing them through a very high surf in Widemouth Bay, whence the boat was taken back to her station by land on her transporting-carriage. The un- fortunate smack shortly after was dashed ashore on the rocks, and was almost imme- diately in fragments. The life-boat was reported to have behaved admirably on the occasion.