She is to be cutter rigged, and from her fine lines fore and aft, will prove an able anta 0 onist for tho rest of the yachts, next regatta.— Daily Times 29th instant. One of those heavy casualties of which there have been not a few in the bay, the utter destruction of a ■hip by fire, occurred yesterday at Sandridge ; tho fated vessel on this occassion being tho Result, a ship well known in the Australian trade, and probably one of the finest merchantmen that over entered Port Phillip Heads. The Result arrived here on the 15th ultimo, under the command of Capt. Stewart, R.N.R., and was berthed on the east side of the Melbourne and Hobson's Bay Railway Pier, at the extreme end, where she had partially discharged her inward cargo, as well as taken on board somehundredsof tons of her homeward freight. Of the latter, consisting chiefly of wattle bark, copper ore, and hides, thare were about 400 tons on board; and of the undischarged portion of her cargo there were some 550 tons, mostly facing bo ird.s, wine and spirits, in bulk and casej and miscellaneous goods. Any satisfactory or definite information as to the origin of the fire— whether it was purely accidental, or caused by gross carelessness, or done maliciously— has not yet been clearly ascer tained, but the truth will probably be elicited during the official investigation, and jpending this it may bo as well to refrain from the various coujectures hazarded. The first surmise of danger seems to have been made simulUneously by Capt. Stewart and Thos. Fyfor J, the quarter-muster on watch. Captain Stewart had turned out at midnight for a minute or two, and was just going to lie down again when he thought he folt the smell of something burniug, and coming on deck immediately he met tho quarter-master, who had also perceived a strong ■mell of fir6 as be was going to call the man who was to relieve him, and was hastening aft to givo the informa tion. The hatches had beon fastened down as usual, with doublo tarpaulins over them, but on making quick and eager search for any appearance of combustion, smoke whs observed to issue from the the fore-hatchway, and from the chain lockers, just nbrcant tho foremast. 