The belt was then exhibited to the gaze of the curious; it is composed of purple velvet, and lined with leather; in the centre are a pair of clasped hands surrounded by a wreath of the Rose, the Thistle, and the Shamrock, entwined in embossed silver; on each side of this are three shields of bright silver, at present without inscription, but on these are to be engraven the names of all the Champions of England which the records of the Fancy preserve, to conclude with the name of the conqueror on the present occasion. The clasps in front are formed of two hands encased in sparring-gloves. It is due to state that this belt is altogether very beautifully executed, and highly creditable to the motives and good feeling to which its origin is attributable. Its inspection afforded general pleasure, and the oration of “Cicero” was received with loud cheers. Caunt, on taking it in his hand, significantly said to Nick Ward, “This is mine, Nick,” to which Ward replied, “I hope the best man may win it and wear it.” These preliminaries, so novel in the P.R., having been concluded, the colours of the men were entwined on the stake, and umpires and a referee having been chosen, no time was lost in preparing for action. The betting at first was 5 to 4 on Ward, though we never could understand the quotation, and did not see any money posted at the odds. At twenty minutes to one all was ready, and the champions toed the scratch for THE FIGHT. Round 1.――The men faced each other with an expression of good humour on their countenances that could hardly be expected by those who knew how they had expressed themselves at former meetings. Caunt’s rough lineaments bore a grin of satisfaction, that seemed to say he had his wishes gratified. Ward, though he also smiled, it was a vanishing smile, and he looked eagerly and anxiously at his antagonist. Ward’s attitude was scientific and well guarded, his left ready for a lightning-shot, as he poised himself on his left toe, with his right somewhat across, to parry the possible counterhit. Caunt stood erect, as if to make the most of his towering height, but a trifle backward. Ward moved about a little, as if measuring his distance, and then let go his left. It was not a determined hit, and did not get home. Caunt dashed out his left in return, but Nick stopped it prettily. However, as he meant it for a counter, his friends were pleased at his quickness, and cheered the attempt, especially as he almost instantly followed it with a lunge from the right, which just reached Ward’s neck. The big one now bored in for a close, meaning mischief. Ward bobbed his head aside, delivered a slight job, and was down on his knees. It was clear that Nick meant to fight in the evasive style of their former encounter, but it was also clear from Caunt’s coolness that he was likely to