French Settlement at Akaroa.

One of the places visited by the "Herald "was Banks Peninsula, the spot at which it has been said that a settlement is about to be made by a company formed in France: of this company, however, or of any of its proceedings, I know nothing, save what I have derived from English newspapers. The French discovery ships "Astrolabe" and "Zéléé" had been at Banks Peninsula, but made no indications of forming a settlement there.