Sydney Morning Herald reads as follows.

On June 27 a cable reached Sydney that the ship Galatea, bound from Hamburg to this port, had been totally wrecked a couple of days after she had cleared from the River Elbe. Yesterday a few particulars of the disasterarrived by mail, and from these it is gathered that the Galatea's cargo was valued at nearly £100,000. In the old days the wreckers, it is said would be heard occasionally to pray during bad weather that providence would send them a ship ashore before morning, and according to the telegrams which reached Lloyds rooms from Great Yarmouth, near the scene of the wreck, the fine old beachcomber spirit still survives in that locality. Thus run the messages " Yarmouth, June 27, 12.25pm : ship Galatea, from Hamburg for Australia with general cargo is ashore on Hammond's Knowl, tugs employed, lifeboats in attendance. Blowing rather fresh north 4.27pm. Tugs failed to move herafter two hours towing, salvors jettisoning cargo and laying out anchors. Wind fresh. The owners representatives have left. June 28, 10.24am, tugs now returning, vessel now full of water, crew landed in lifeboat. Vessel abandoned. 2.39pm, now taking owner's representative to the vessel to save all stores possible. June 20, 9.48am, have two fishing boats along side stripping her. If weather continues fine, may save good quantity of gear. 3.32pm: Several French vessels have arrived on the scene and are looting the cargo wholesale. Next day, June 30, wreck surrounded by fishing smacks and trawlers plundering the cargo. Have advised your underwriters to send a gunboat immediately to stop the wholesale piracy. A fairly good cargo salvage would be possible during this fine weather. Am helpless amongst the fleet of French fishing smacks and others. Later, have sent all available help to salve as much of the cargo as possible, "Then comes a wire dated Lowestoft, June 30, 1.24pm, from Lloyds agent, " Smacks landing cargo in great quantities from the wreck of the Galatea, shall I claim it". And another from Yarmouth, stating " have claimed cargo by fishermen". Of the position of the ship a message dated, June 30, 4pm (the mail closed next day) states that the vessel was sinking in the sand aft and covered at high water to midships, forehold dry.

Inquiries made in Sydney as to whom the cargo was consigned were unsuccessful, the manifest showing the contents and names of the consignees having not yet reached here. In insurance circles the wreck was a general topic, nearly all the offices being interested, some for substantial amounts, and the discussion ended chiefly in the remark, " Do you want a line?" or the inquiry, " Will there be any salvage?"