We shall Eoon hear more upon this subject, as the meeting of Parliament cannot well he de layed many weeks longer, whether the Treasurer returns from his visit to England in the meantime, or not. Jjut a truce to politic, ai altogether out of feason at this particular time, when, ns I have already intimitd', the enjoyment of the Chrstmas holidays, and of the various amusements incidental thereto, has for the last week or two formed almost the only pabulum for discussion amongst us. First and foremost, then, in the li.-t of these pporfa, although not the first in order of time, must be mention'd the Grand Champion Ilnce on the Melbourne course, which on New Year's Day attracted a crowd e>f spectator?, variously ctini'ited at from fifteen to tweuiy-fi.e th-disind per sons, amongst whom—'"(lie observed nfaU observers"—were Ilia Excellency Sir John Manners-Sutton and the lady members of his family. The weather was brilliant, and the racing quite up to the usual average. For the gnat event five horses only put in an appearance. These were The Birb and Volunteer, both the property of Mr 'fait, of New South Wales; Mr Knz-ot's t'ovvro; and Mr Fisher's Seagull anel Fish hook. The competitors for the prizs of the day came to t<>e winning post at '• the finish precisely in the c-rder in which I have named them, and for once the " favorite" neither disappointed his bickers nor belied his reputation In fact, the vic tory achieved by The Barb wna looked upon ns a dtad certainty long before the event by nine out of every ten " horsey" people here. Our Sidney neighbors are, of course, in l.i^h glee at suain having shown the Victorians how to win the Champion Cup; and at once more having the pleasant tn»k of dividing the fpoil taken in U c friendly contest. Nor is the victory upon our principal racecourse the only one of which these fame ttydmyites have to bnnst this sea-on, for at the Intercolonial Cricket Match betwei n two elevens of Victoria ar.d New South Wulcs rlavcdat Sidney on the 26th and 27th of last "month, the team oi the latter Colony were the winners in one inninsa, with several runs to soare, the [respective numbers fating—New South ; Wales, 145; Victoria, 1-ii. 