There was a full muster of the heavy-weight cutters at the Royal Southern rendezvous, the club having a first-class match on June 17, the second day of its 'Jubilee' Regatta. 'Satanita's' light blue banner was carried nearer the water-level than in her previous racing essays, owing to the lower mast having been clipped 3 feet, and additional lead had been put on her keel. 'Britannia' had made good the damage sustained at Dover, and with 'Valkyrie,' 'Calluna,' and 'Iverna' the fleet was brought up to normal strength. It was a lovely morning, glorified by fervent sunshine, and softened by a gauzy haze, but a southerly chill was not strong enough to 'carry' the smoke of the starting gun, and the surface of the Solent looked smooth as burnished steel. With flying airs filling jackyard topsails, they started the race, and ere going half a mile 'Calluna' got aground on the Calshot Spit. 'Valkyrie' was lucky to strike the first of a gathering breeze, and went reaching fast from the fleet down the West Channel. She afterwards gave a fine display by the wind, and showed matchless form on a dead run. 'Valkyrie' eventually beat 'Britannia' by 5 mins. 32 secs., and 'Satanita' by 16 mins. 4 secs., 'Calluna' and 'Iverna' both being miles astern. 'Valkyrie's' was a good performance, but she was distinctly lucky in getting the first of the wind, and she likewise was kindly treated subsequently by Dame Fortune. Rather singularly the Jubilee Regatta of the Royal Southern Club was followed by the Jubilee of the Royal Mersey; but the latter meeting, on June 24, did not open under such exhilarating influences as the Solent gathering, particulars having just come to hand of the 'Victoria' disaster in the Mediterranean, while the weather was dismally dull, and a tearing north-north-west wind blowing. Consequent on the prevailing stiff breeze an alternative course--three times round the Formby--had been plotted off overnight--probably not, however, from any tender consideration whether the racing vessels could cross the bar safely, the anxiety more likely being in regard to the Committee-boat and her freight. The inside course was named on the day, but, in spite of foresight and precaution, the racing was disappointing. The 'Valkyrie,' which had come round from Cowes with her mainsail an underdeck passenger, could not get the sail bent owing to the rain and wind; then 'Calluna' got her anchor foul, and being 25 minutes late, did not start. 'Britannia' alone was near the line when the Blue Peter came down, yet she lost 1 min. 50 secs., while 'Satanita' came 2 mins. later, and 'Iverna' a minute after 'Satanita.' There was wind enough to warrant second earings being hardened down, all topmasts were housed, and with the tide flying to windward the ground was sidled over very fast. The start meant victory--barring accidents--in beating out of the narrow Mersey channel, and although 'Satanita' worked right up under 'Britannia,' she was kept safely pinned.