PIEL, LANCASHIRE.—The ship Depositor, of Halifax, N.S., in ballast, was seen in a dangerous position on the foul ground 2J miles S. of Walney lighthouse, on the morning of Sunday, the 26th October.

She had been in tow of a steam tug, but the tow rope parted, and her anchor chains were broken. At 9.30 the Life-boat William Birkett was launched, and proceeded to the assistance of the distressed vessel, being towed out by a steam tug.

A line was got from the boat to the ship, and'the master's wife and two sons were taken through the water into the boat, the sea being very heavy. The master and crew were also urged to come into the boat as it appeared certain that the ship would break up ; but they declined to do so, and the master requested that his wife and children might be taken ashore. The Life-boat was then towed back to her station, arriving there at 5 P.M.

During the night a good look-out was kept for any signals, as a heavy gale was blowing, and at daylight it was seen that the ship had sunk, and that her crew were in the rigging. The Life-boat crew were at once summoned, the boat proceeded to the vessel, and happily rescued the whole of her crew, consisting of twenty men, who were safely landed at Barrow at 10 o'clock..