There have been so many raters built since the present rule came in that it would take too much space to mention them all with their several points, but there is this fact to notice, which backs up what has been said before, that South-country designed boats seem to do well in their own waters, while those brought out in the Clyde fare best there. When Clyde 5-raters have gone South, they have performed badly--though the 'Red Lancer' in 1893 proved the exception to the rule--and the Solent raters that have found their way up North have made but a poor show. Mr. Arthur Payne is the king of draughtsmen on the Solent, and his yachts, with those designed by Mr. Clayton, also a prince among naval architects, have all had their turn at winning prizes when they have been properly sailed. Mr. Payne's designs mostly favour a fair amount of displacement, and 'Alwida,' built by him for Lord Dunraven in 1890, is a very fine example of the kind of craft he can produce. The workmanship is fit to compare with the very neatest cabinet work. The following year the beam was increased by some inches, the length underwent a drawing out, and at the same time the body was tucked up to decrease the displacement. The next movement, if it is possible to judge by the 2-1/2-raters, will be to follow in the steps of Mr. Herreshoff--who speaks for himself in other chapters. The 'Cyane,' another of Mr. Payne's 5-raters and an improvement on the 'Alwida,' has few fittings below, but there is great height between decks, and if she were changed into a cruiser, she has enough room to make her everything that can be desired, without greatly decreasing her speed. To describe all the 5-raters sent out to do battle by those Northern champions, Messrs. Fife and G. L. Watson, would be equally out of place here. Their boats are too well known all over the world both for speed and beauty of design, and if there is a point peculiar to either of them that marks their vessels and makes their meetings interesting and exciting, it is that while Mr. Watson's are extra smart in topsail breezes, Messrs. Fife's yachts are specially good in strong winds. [Illustration: 'RED LANCER' _11 tons T.M., 5-rater (Capt. Sharman-Crawford). Designed by Fife of Fairlie, 1892._]