Southern shield., 1840-03-28

The steam ship Liverpool arrived ouL sssafely January lUth.
 ,f Parliament met January 10th, and was still sitting on the 18th February.
 The packet-ship Ne% York left Liver pool January 8th, and put back into Cork from tress of weather.
 The packet-ship Sheridan arrived out February 18th, passage of IS days
 The ia,est dates from China, n Liver ! pool on the 18th of February, were up to November 2lst, from Sincapore.
 Prince ALBERT was appointed Field Marshal of the British Army. Ills com mission was dated February 8th, l840
 The Britannia, the first of the Royal Mail Steamships from England to North America. was launched February 9th
 CHiNA-The fighting between the ln- glish and Chinese continues. The Canton Press of December reports that accounts have been received from tie west coast of an affair between opium smuggieEs and the Mandarin boats, in which one of the latter was sunk, and seven of the survivors sent back with their tails cut off
 INDIA--Ihe fighting here between the British and natives waXes hotter and hofter. The British siorned Keiat November 9th, took 1t, killed Mehrab Khan, the chief, all of whose principal SirdarS were killed or ta- ken, and hundreds of other prisoners.
 ANTICIPATED CHANGEs.-- Lord MIL BOURNE retire.; from office with Lord LANs- DONNIE Lord J RUSSELL is to be First Lord Of the Treasury, and Lord DURHAM r ,oins the Cabinet, with Mir WARD and Mr. ,C. EeSIER in office. Parliament will be dissolved, anu the repeal Of the CornLaws sand E slloG wifi be made Cabinet questions. -l~ On th4 l1iSt- MnndaE isl lannary l he Min istry were defeated on the question Of the allowance to Prince ALBERT Lord JoHN RUSSELL moved that the allowance be g5O,UU0 per annum, to which Col. SIBTHoRP moved, as all amendment, to make IL f3O,- uJo The amendment was carried.
 STRENGTH OF MINlsTERs-On certain divisions in Parliament the Ministerial majority. after the Queens marriage had increased considerably
 U. $. Bank shares were sold at E1o to SIS l0s--equal to 7o per cent American currency
 The regulations pending between France and Holland are also, according to the De outs, drawing to close Holland has de handed that her vessels be treated in French harbors on the same footing Of re- ciprocity as the English and American shipping are, and France has acquiesced ia that demand on condition that Holland open her markets to various productions of French soil ani industry, excluded there from at the time when Belgium formed part oi that kingdom. Holland, 1t appears, has likewise consented 10 open to France the navigation of the Rhine and Moscle and "Str asburg," Metz and Shierck, are to be assimiIaled for the importation of foreign products to maritime harbors. ,<> The British Ambassador, Lord PALMER sToN., at Constantinopie, has. refused his assent to the proposition of Russia, to send 50OO9 of her troops into Asia Minor, across the Taurus. Affairs look wariike between Russia and the other Powers
 At Tois, in France, forty lives were lost in conflict between the troops and the county people, growing out of the hlgh price Of corn.
 SpAIS.-The Cortez 1t was believed would meet Feb. Is Madrid was quiet--- Tn the Gazette we find the report of an en- ragement which took place on the goth ut n Catalonia, between Carbo's division and 3OOO men under Brajo The latter, driven from thei. position, left forty three killed on inc field The Christinos had only six killed and about thirty wounded.
 CABRERA is not dead but recovering.
 The ARABS had not appeared in the plain ,fAlgiers since December 3l.
 There were 56,000 French troops in the neighborhood of Agiers, preparing for the sypedition against Abd-el-Kader.
 The Queen held a court at Buckingham Palace Feb 18th, and received the address ses of both Houses of Parliament to Vic roR1A and ALBERT, to which they both tr;eae replied, and promised to fulfil the favorable hopes expressedfrom their union. 1
 The Alexandria letters of the l7th ultmo describe the great preparations for hostlli- les on iAe part of MEHEMET ALI, and his determination not to givs way in the dispute uith the Perte.
 LIVERPOOL, Feb. Io, le4O
 T e stock of CoTT0N in this port is esti- nated at 206,000 bales, of which about i52oDo are American. being very nearly :, it ras at the end of last year
 Tbeugh the business has thus been rath. <s esasnsive. and the demand nearly all the