It has been very difficult to draw up a record of the class racing in the two smaller classes, because many of the sailing clubs and some of the yacht clubs do not send full reports of their numerous matches to the press. The winners only are mentioned in some reports, but it is necessary to know the number of starts for each boat if her figure of merit is to be calculated. The figures given in the table of winners in the Y. R. Calendar are not trustworthy; first, because the owners often make mistakes in sending in their returns; and, secondly, because some of the results are taken from mixed races, not class races, and some from races outside the Solent. The record table is compiled from the reports of the regattas given in the Y. R. Calendar, and in the 'Yachtsman.' Two of the Portsmouth match days were omitted, and the winners only were mentioned on one of the Royal Albert days, one of the Victoria days, and on the Squadron day. There may, therefore, be a small decimal error in the figure of merit of a few of the boats, but the order of merit may be regarded to be correct as it stands in the table. The best 1-rater was the Yankee boat 'Morwena' with the high M. of 45.4. She is similar to the other Herreshoff boats in the small classes, and has been well sailed. 'Sacharissa' came next with the excellent M. of 36.2. She was sailed faultlessly by Mr. P. Perceval (jun.), and was the best boat turned out by Payne in 1893. 'Scud' came third with an M. of 22.6. She is one of the wide and shallow type, answering well to her name when going over rather than through the water. 'Tipcat' went well; also 'Tartar' and 'Wolfhound.' 'Whisper' was not seen often enough to judge of her merits accurately, but the old 1892 crack 'Doushka' went as well as ever when Mr. Perceval brought her out at the end of the season. 'Fantasy,' a novelty built at Hamble for Mr. Randal Vogan from his own design, went far better than anyone expected. She has a ram bow, long counter, and fin-bulb keel, with narrow beam and sides that tumble home above the water-line. She often scored second honours. 'Mahatma,' 'Viva,' 'Cariad,' 'Rogue,' 'Vlekendor,' 'Leading Article' did not race often on the Solent, and did not score any first prizes. 'Roulette,' 'Dona,' and 'Rogue' did most of their racing on the Thames, which has been tabulated by Mr. Winser, and published in the 'Field' of November 11, 1893. _The 1/2-Raters, 1893._