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The fate of the British Volunteers.

--We find the following in the Montreal Commercial Advertiser:

Col. Austin, of the much-talked-of British regiment, of New York, has returned to Canada a poorer and no doubt a wiser man. It appears from his statement that there never was any British regiment; the whole thing was a monstrous lie and fraud, not eighty men having offered for it. Nor was there any pay forthcoming; and the Colonel, after proceeding to Washington and vainly supplicating the authorities there for his expenses concluded to secede from a service which promised neither profit nor honor. Some of his companions, who were without means of their own, are unable to return, being kept in pawn by inexorable hotel keepers. So ends the farce of the British regiment.

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