Attempts have been made from time to time to launch a Mutual Yacht Insurance Company, by which yachtsmen would be able to undertake their own risks by mutual co-operation and without reference to Lloyd's; but there are points, where a system of mutual insurance may benefit householders, who may be said to be localised, which would create difficulties almost sufficient to prevent any general Mutual Yacht Insurance from covering its expenses. The changes that occur in yacht-ownership are very many and frequent, and it must be often the case, that when a yacht-owner ceases to be such, any interest he may have had in a Mutual Insurance Company would have to cease too. Such changes rarely take place among the members of a Mutual House Insurance Company, and it thrives accordingly; but the constant shift of ownership, which may be seen annually by anyone who will take the trouble to study the 'Yacht List,' would surely prove a serious drawback to a Mutual Yacht Insurance Company. In localities like the Clyde, however, where a yacht is almost as great a necessity as the possession of a stone frigate (house ashore), there seems no reason why Mutual Insurance among the local yacht-owners should not do well and prove a most successful undertaking; but then great judgment would have to be exercised as to the kind of risks such a company should incur, and many would have to be excluded, which Lloyd's agents up to the present time have been very willing to accept, such as the insurance of all yachts whose crews do not live on board while in commission, and the like. If the above remarks prove of use as well as interesting to yacht-owners, it must in justice be said that the writer is much indebted for the kindly help given him by his friend Mr. York, the secretary of the Royal Clyde Yacht Club, when compiling the information given. INDEX TO THE FIRST VOLUME Accommodation in a yacht defined, 363 'Active,' used by Froude in experimenting on the resistance of ships through water, 86 'Ada' (2-1/2-rater), 231, 232; (5-rater), 234 Adams, W., of Greenock, his iron horse for yachts, 391 'Adèle' (5-tonner), 328 Admiralty, the, build the cutter 'Trial' (1790) and the brig 'Lady Nelson' (1797) with three sliding keels, 104 Adriatic, the, yachting in, 38 Advertisements and cards of races, 153, 154 Æschylus, quoted, 39 Ahl, the moorlands of, 309 Ailsa, Marquis of, owner of 'Titania,' 47, 82 'Alarm' (193 tons), 22, 52, 73, 110, 111; (243 tons), 116 'Albatross' (118-tonner), 20 'Albertine' (153 tons), 113 Alderney Race, 402 'Alerte' (E. F. Knight's), yawl, 299, 300, 301; commissariat, 305; cooking on board, 306 Algiers, wreck of the 'Alouette' at, 333