The race this year round the Shambles for the Prince of Wales's Challenge Cup was practically a match between the 'Morna,' 257, and 'Egeria,' 152 tons. The 'Shark,' 201, was also entered, but had no chance. The 'Morna' was built in the early part of the year by Camper and Nicholson for Mr. W. Houldsworth, and was intended, as the Americans say, to 'lick creation,' but though a very fine vessel she did not turn out a success as a racer. They were started at 8 A.M. on August 9, the weather being all that could be desired for pleasant sailing, fine and bright with a nice topsail breeze from the westward. 'Egeria' kept ahead of the 'Morna' in the beat to the Needles, which she passed at 11 o'clock, with 'Morna' about a quarter of a mile astern. Outside the wind was fresher from the S.W., with a gentle swell. Here was a chance for the big vessel, but she did not improve her position, and when they cross-tacked off Darleston Head she was some two miles to the bad, with 'Shark' about a mile astern of her. As they progressed the wind fell lighter, and when within a short distance of the Shambles they were enveloped in a fog. Beating to windward in a fog was not an easy or a pleasant task; however, all managed without much difficulty to pick up the Lightship, which was rounded by 'Egeria' about 3.45, when she received the welcome news that she was the first vessel; 'Morna' rounded about a quarter of an hour, and 'Shark' half an hour, after. Shortly afterwards the fog lifted a little and the competitors were able to make out their respective positions, but it soon returned and they were again lost to sight. The wind being aft and very light, little progress was made, and at 10 o'clock, when about six miles from St. Catherine's, the tide again turned to the westward. It now became very doubtful whether the progress over the ground was ahead or astern, so the hand-lead was dropped to the bottom, and quickly showed that it was time to anchor, and kedges were accordingly let go. The full moon, bright and clear, had, as the sailors expressed it, squandered the fog; the night was beautifully fine and the sea smooth as glass. All quietly turned in to await events, leaving a trusty watch on deck. At 4 o'clock A.M. the tide began to flow and kedges were hauled in, but there was scarcely a breath of air, and drift, drift was all that could be done. However, about 8 o'clock a light breeze came out from the N.E., which 'Egeria,' being most to the eastward, was the first to feel, and so considerably increased her lead. The Nab was rounded by the 'Egeria' at a little past 9 A.M. and by the 'Morna' at 9.50, 'Shark' a long way astern. From the Nab to Cowes the wind continued very light and variable, with the sun scorchingly hot, but with a strong tide in their favour they reached and were timed at Cowes: 'Egeria,' 12 hrs. 3 mins. 30 secs., and 'Morna,' 1 hr., the former becoming for the second time the holder of the cup.