NAIRN.—The fishing-yawl Margaret and Ann was seen in the bay, about five hundred yards east of Nairn harbour, in a critical position, while a gale was blowing from the S.W. and a high sea was running, at about 1 P.M. on the 27th June. She was lying at anchor and was in danger of being swamped or, if the cable snapped, of being driven amongst the salmon fishing nets. The Life-boat Caulfield and Ann was promptly launched and brought the boat and her crew, consisting of a man and a boy, who were completely exhausted, safely ashore..