BUDDON NESS, N.B.—At about 11 A.M.

on the 22nd February signal guns were fired from the Lightship, indicating that a vessel was ashore on the South Bank, or in imminent danger. The May Lifeboat proceeded to the spot as soon as possible, and found a schooner ashore on the elbow end of the sands. The wind was blowing a.strong gale from the N.E., with a heavy sea. The Life-boat with difficulty, after breaking two oars in the attempt, besides losing a grapnel, succeeded in getting alongside the vessel, which proved to be the schooner Oscar, of Leith, bound from Dundee to St. Felin de Guixols, in Spain, with a cargo of yarns. She had on board a crew of six men and a pilot, all of whom were taken into the Life-boat and safely landed. The sea was breaking over the vessel, and by the time the Life-boat left she was full of water, and soon became a total wreck..