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THE LATEST LONDON INTELLIGENCE.

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THE LATEST LONDON INTELLIGENCE. General Valdes has arrived at Bilboa and su- perseded Saarsfield in the command of the army. General Quesada has issued a report, in which he says that Merino has been deserted by the whole of his infantry, and retreated with only 200 partizans into the Sierra- Saarsfield has been created a Grandee of Spain and Viceroy of Navarre. The private correspondent of the" Albion" states that Doin Miguel has positively refused to come to any terms of accommodation with Doni Pedro. Intelligence from Constantinople represents, that incendiary fires are constantly taking place at that city. The accounts from Quebec mention that the weather has been so severe, that petitions have been got up for the relief of the agriculturist. r, 11 We are happy to learn the safety of the African expedition. The three ships have arrived in safety at Fernando Po.—(Albion.) A meeting of the Subscribers to Lloyd's was held on Wednesday to take into consideration the resignation of Mr. Alderman Thompson, at which the thanks of that body were unanimously voted to him for his valuable and efficient services during seven years that lie has held the office of Chairman. Mr. Hammond then moved that Mr. Thompson be requested to withdraw his resigna- tion, and to continue Chairman. This was sup- ported by several gentlemen, but opposed princi- pally by Mr. Sleap and Mr. Carruthers, only on the ground that it was incompatible with the regu- lations of Lloyd's, that any member of that body should be a member of any other Insurance Com- ,pany; and that members of Lloyd's had been ejected for connecting themselves with other similar Companies. On the question being put to the vote, Mr. Hammond's motion was lost by a majority of 105 to 82. A leading London paper says'on this subject, Agents of Mischief and Correspondents of tile Times" have been actively at work. We are of opinion that the appeal to the subscribers will defeat the combination; we defer therefore (jlll" fll rtber remarks until the result be ascertained.

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