At day- light on the 20th December a vessel, which proved to be the schooner Champion, of Liverpool, timber laden, was observed off the Scarweather Sands, with mainmast gone and signals of distress flying, it blowing a strong gale from N. W., and a heavy sea run- ning. The Porthcawl life-boat was imme- diately launched, and proceeded to her assistance through a heavy surf, bringing on shore the crew of 9 men and 1 passenger..