Suddenly, however, her occupants became aware that something serious was the matter, for in spite of all their efforts, and notwithstanding the fact that another pump had been started, tbe water seemed to be gaining on them. The * water came in in such quantities that it was found impossible for the two pumps to heave it up. Mr D. Gouk then shut the engine-room off from the after hold, aud this had the effect of allowing the pumps to again get the water under. A quarter of an hour after, however, the water was seen to be again rising and all efforts to keep the vessel up seemed use less, the only question being how long she would keep afloat, and what could b3 saved from her. Immediately the men on board, witn the exception of Mr D. Gouk aod his foreman, Mr C. Clarke, and were about to pnll for the Wellington. Mr Gcuk remonstrated w/th them, but could only induce _ one man — the engineer — to aemain, for without his assistance they could no nothing. The remainder of the men were then taken on board the steamer by Captain Faiquhar, while the three who were left made another effort to get the water under. They could uot succeed, however, owing to the fact that a greater number of hands were re quired to carry water for the engines, and the task had eventually to be given np. The Wellington wa* then getting _o far aheae that the signal was given to " cease towing," and Mee-is Gouk, Clark, and the engineer, after collecting a ft v. clothes, tools, tarpaulin, &c, got into the boat and rowed to her. It was then eo__idared_ advisable to clear the two -teamers, but it did not prove such an easy matter, and event-ally Mr Gauk got on to the Taupo's anchor and loosed the rope, and then letnrned to tho v ellingtoe. He repottea that the Taapo was still making water, but would be a long time of Binding. The boats were then hauled up and ail ropes being cast oft, the vessel separated. Tne Wellington steamed cloase to her until twenty minutes to eleren o'clock, the latter sinking very rapidly. 