We have considered that, besides the saving in time to the Council and to ourselves, it would be more satisfactory for many reasons to have such a preliminary meeting for interchange of ideas on the important issues raised in this circular, and we trust that this course of action will be approved of by the Council. We may state that we are practically unanimous in the opinions hereinafter expressed, the only exception being on the one point of taxing overhang, Mr. Ridsdale feeling that he could not go with the majority in this. We would, then, most respectfully submit to your Council that as designers of racing yachts we have no desire whatever to interfere with the present rating rule. It has the merit of being the existing rule, and is a perfectly fair one for racing yachts together by, as indeed is any rule whatsoever, so far as designers are concerned, provided its conditions are clearly stated beforehand. But as naval architects, and, if we may be permitted to say so, as trustees for the yachting public, we think it our duty to point out any deteriorating tendency in a rule. We cannot help fearing that the present length and sail-area rule has such a tendency, and is leading, if it has not already led, to an unwholesome type of boat. We take it that the general yachting public require in a yacht: That she shall be safe in all conditions of wind and weather; that she shall combine the maximum of room on deck and below with the minimum of prime cost; and that she shall be driven as fast as may be with the least expenditure of labour--i.e. that she shall have a moderate and workable sail-area. Therefore, as but few men can afford to build for racing, and for racing only, and as the racer of to-day is the cruiser of a few years hence, any rating rule should by its limitations encourage such a wholesome type of vessel. On the above assumptions we have based our advice, and it is for your Council, as representing the general body of yachtsmen, to determine whether these assumptions are correct or not. We are all agreed, then, that the present length and sail-area rule is a most admirable one for the classification and regulation of time allowance of racing yachts. But we are also of opinion that the tendency of this rule is such as to induce a vessel of so large dimensions, relative to displacement and internal capacity (i.e. the useful living room on board the ship), that it is advisable to so alter or modify this rule that a type of vessel having more body may be evolved. We suggest that length and sail-area (as being the leading elements in speed) should be preserved in some form, but modified so as to make it the interest of builders to produce a bigger-bodied boat.