27 FEBRUARY 1847, Page 10

A rumour prevailed in town yesterday. to the effect that

the French Govern- ment had, at the request of the Government of Spaint determined to take tem- porary possession of the Balearic Islands; and had notified this determination to our Government.

The Times has a letter from Monte Video, to the 27th December, according to which General Urquiza had accepted the office of-mediator between the Banda Oriental and Rosa.s. He had admitted the propositions of the Monte-Videan Government. His intervention is -expected to settle the dispute and to "restore peace on a solid foundation."