10 FEBRUARY 1866, Page 3

We are informed from New4Zealand, but only by,telegram, that. Mr.:Stafford's

Government is -likely to consent to the separation .4:the:Northern from the Southern Island. That means, we take it, if: -true at all, consenting to immediate bankruptcy on behalf of the_ Northern Island, as wellas to a dismemberment most fatal to the• trne inte,resta of the colony.. We trirst the rumour is. a canard..