Schooner GIPSY We exceedingly regret to report the total loss of the Schooner Gipsy on the 16th inst., at Cape Turnagain, on the East Coast. The Gipsy had reached Castle Point, where she lay at anchor, but indications appearing of an approaching gale she put to sea, and a very heavy South Easter coming on the master was obliged to run the vessel on shore at Cape Turnagain in order to save the lives of those on board. All the cargo and property on board, together with the sails and rigging have been saved, but the vessel is a complete wreck. Transcribed from the New Zealand Spectator and Cook's Strait Guardian, of 8 September 1849, Page 2.