the exception of a slight miscalculation in distance on the part of the 'Vril,' and a consequent extra board on the beat up for the harbour buoy, nothing of any importance took place, and the two yachts came in, 'Freda' first at 2 hrs. 44 mins. 40 secs., followed by 'Vril,' 5 mins. 15 secs. after her. The interest occasioned by the third day's sailing was extraordinary. All over the country an eagerness was displayed for news of the match almost equal to that seen on a Derby day. The wind was at about the same force, and blowing from the same quarter as on the previous day, with the addition of a harder feel in it. Both yachts, therefore, set the same amount of sail and had their topmasts housed. At the time of the start, which was made at 11 A.M., the sea was breaking over the lighthouse, and made the journey look anything but inviting. Both yachts, keeping a sharp look out on each other, were too keen on crossing the line, and had to return and make a fresh start, which they did side by side. There were not 10 seconds between them when they jibbed round the first mark, the 'Vril' leading, and the difference was further shortened by 5 seconds at the Bolivar buoy, this run having been made under boomed-out balloon foresails. The time between the yachts might have been lessened still more had not the 'Freda' been obliged to busy herself about her boom, which came adrift. From the Bolivar buoy home the little vessels danced it merrily to the tune of 'Blow, breezes blow.' The 'Freda,' before she made a fresh start, had placed herself 30 seconds ahead of her rival, but going out again, the 'Vril,' owing to the 'Freda's' not being able to make use of her balloon foresail, passed her before they had rounded the first mark-boat, only to be repassed on the running-reach to the Bolivar. The 'Freda's' best point of sailing brought her to the Bolivar 1 min. 30 secs. ahead, and though for the last time the 'Vril' showed her superior power in beating to windward, the 'Freda' had made up her mind to walk off with the dollars, and win she did by a few seconds over the minute. Considering the sea that was running, and the amount of broken water that was throwing itself about, this last race is one to be long remembered and handed down in the annals of small-yacht racing; and now and hereafter, when racing and cruising men feel a tendency arising in them to croak and speak ill of the little yachts that were built under the old rule of measurement, let them call to mind their mighty deeds, their racing and their voyages under circumstances and in weather that would frighten many a 50-tonner into harbour and to her moorings.