The Caister No. 2 Life-boat, the Godsend, put off at 4.35 A.M. on the 4th February, signals of distress having been observed by the watchmen during a strong breeze from the N.W. On reaching the Middle Cross Sand, on which a heavy sea was breaking, the schooner Shearwater, of London, bound from Hull for Dunkirk with a cargo of oilcake, was found in shallow water, the seas breaking over her and her crew shouting for aid. In consequence of the tide being low, the Lifeboat grounded, and great difficulty and risk Were experienced in getting the five men into her. This, however, was eventually accomplished, and they were safely landed at 11 o'clock. The boat was considerably damaged in rendering the service, and the vessel became a total wreck..