ILFRACOMBE.—On the morning of the 29th December, the Go-Operator No. 2 Life-boat was launched, a message having been received at about half-past nine stating that a vessel, which proved to be the barque Catarina, of Savona, was in distress in Morte Bay, with her masts cut away. A strong breeze was blowing from the N.W., and there was a heavy sea OB. The vessel was riding to one cable in a dangerous position, and the Life-boat remained by her until she was fairly under way in tow of two steamtugs..