After the accident to the Dragon, the P.
0. Company determined to build " new to and passengers mail-boats and the Bund, the contract fur her construction was given to Messrs. Boyd and Ex, This firn has built accordingly @ handsome steamer, larger than any of ti and with engines that will give her twelve knots apeed, and enable her to tow any wun-ber of cargo-boats, when necessary. The Iaunch took place on Tuesday afternoon, large number of residents being taken over the of steamer as she lay on the ways, before the launch took place, and were much pleased with her proportions and the haudsowe fore saloon on deck, ® prams above it, which will obviate many of the discomforts which now attend " wight tr to Woosung. As the time of high water approached, Bir. P. V. Grant, the head of the firm of Boyd & Cv., conducted Miss Joseph, the sister of the P. & O. agent here, to a staging erected at the the new steamer. When everything ready, Miss Joseph took in ler hand bottle' of champagne suspended from the bow of the new ateamer by a piece of blue decorated with flowers, and lowing words dashed the boule the steamner's stem, and gout her on tery Way "The Gutzlug'! We wish her good speed and prosperity always! God speed the Gutzlag!" AL the very word Gulzlaff, she began to move swiftly down the ways, amid the cheers of the spectators, and followed the partners of Boyd and Gu, into of the company one of the workshop; was handed round, and the hoxlths of the steamer, of the fair godmother, and the builders wore toasted with enthusiasm Wo are glad to hear that brass plate is being engraved which is to b affixed to the inside of the Gutzlaf?'s saloon, conveying a notice that it is absolutely prohibited to passengers or their friends long, inches bam with a draught of 7 feet 4 inches,
Text read from the printed page and cleaned; old type leaves the occasional error.