The fin-keel requires great depth if it is to be of any real use, and it is in this particular point that small yachts suffer. If a 5-rater is to sail in all waters, and go the round of the coast regattas, then her draught should be limited; of course, if the sole intention of the owner is that his yacht is never to race in any other locality than his own home waters, then, if the home waters be the Clyde, or Windermere, or Kingstown, there is no reason why depth should not be unlimited. On the other hand, should the yacht be intended for a sea-going vessel, then a heavy draught of water is not altogether desirable. There are times when a 5-tonner or rater may be overtaken by bad weather while making a passage, and when a comfortable harbour under the lee would be a most acceptable refuge to make for. There are scores of snug little places round the coast where a small craft could lie peacefully enough, provided her draught of water allowed her to make use of any one of them. The average depth of water at these bays or harbours is about 6 feet at low-water spring tides. Hence no yacht or rater of 30 feet or under should have a draught of more than 6 feet. The writer remembers only too well an occasion when, after leaving Campbeltown, in Cantyre, for a northern port in Ireland, a north-westerly gale sprang up, bringing with it rain and a sea fog. The distance across from the Mull is not more than a few miles, but when his yacht made the land it was blowing so hard he had to run for the nearest shelter. Alas! when he sighted the little tidal harbour he was steering for, it was low water, and his yacht, which drew 7 feet 6 in., could not enter. He had to lie at two anchors outside in the Roads with some half-a-dozen coasters, expecting, with every shift of the wind, that the anchorage might become one on a lee shore. The 'Humming Bird,' in 1891, left the Solent for Queenstown. She is a 2-1/2-rater. After leaving Land's End the weather, which had been more or less fine, changed, and the sea getting up, it was decided to take her into St. Ives Harbour. She unfortunately drew more than 6 feet; the consequence was, though only 25 feet on the water-line, she was compelled to take her chance and drop anchor in the bay outside, because there was only 6 feet of water in the harbour. None know the value of a moderate draught of water better than those who have cruised or raced afar from home, and groped their way into all kinds of out-of-the-way bays and harbours in small craft. The yachtsman who builds for racing only, possesses the means, and is ready to launch a new yacht to his name every other year, should (if he be a sensible man and proposes to himself to sell the yachts he has no further use for) think of the requirements of the market and his ability to sell. Soon the yacht mart will be flooded with a number of cast-off 5-and 2-1/2-raters, all with a draught of water which would limit their sale to only a few places.