Breakers Lid. and being brought north from Sydney io Shanghai, an old vessel, the Haiping, formerly the s, Cralgend, has foundered off the New South Wales coast in heavy weather. The steamer, under a Chinese flag, come manded by Capt, F. 1. Laloe of Shanghai, "and carrying "a Chinese crew, proved no match" forthe weather, sinking before the Great Barrier Reof was reached.
lives were lost in. the mishap, according to information" vecelved locally. Cept, aloe, sent {rom Shanghai to bring the vessel here, was taken off to safety by a vessel which came to the rescue on receipt {of a distress message, together with the crew, and all are believed to have been landed at Brisbane, Several ships have been purchased in Australia and. brought to. China, either for breaking up of for charter, and this is the first failure in this connection in the last few years,
Text read from the printed page and cleaned; old type leaves the occasional error.