speed of about twelve knots, they made the breakwater about four and a half hours after the start, and up to this time 'Britannia' had kept her lead. When about five miles off, 'Navahoe' was let come up sharp across the leader's wake, and, making a shoot afterward off her helm, she looked like coming in to her opponent. 'Britannia' dropped back after being thus covered up, and then came into her rival's wake, and they raced on into the comparative smoothing under the land, with 'Navahoe' holding a few lengths lead. Topmasts were housed, and they passed into the breakwater ready for the two-miles beat through Cherbourg Roads. This was at 5 o'clock, and 'Navahoe' had a lead of 25 secs. 'Britannia' drew to close round the buoy, 'Navahoe' found her opponent beating out broad on her weather, and in the first board 'Britannia' held a clear lead. In the last tack 'Britannia' stood on until she could spoil her opponent, and it took 'Navahoe' a few minutes to recover the winding. 'Britannia' headed out of the eastern end with about 2 mins. lead, and on getting in the open the ebb was still going west. It was a clean fetch back, but the wind was heavier and the sea steeper than on coming over. When night closed in they were about half-way across Channel, the vessels then getting fearfully punished. They raced together, however, in a wonderful way, 'Britannia' keeping the lead, with 'Navahoe' about 150 yards astern, the latter running wildly about, pointing one minute wide of the leader's weather quarter and anon for the lee side. Foresails had with difficulty been lowered when the vessels were about two miles off the breakwater, but with the wind more moderate, when they were about five miles off St. Catherine's they were reset. The flood tide was streaming hard, but 'Britannia' on closing in to the Needles was hauled up a bit for fear the wind should draw off the land, while 'Navahoe' was sailed hard along and closed on the leader. As the club steamer could not be anchored in the fairway outside the Needles, she was brought into Alum Bay and moored, and according to official timing 'Britannia' showed 'on' with the Needles Light at 10 hrs. 37 mins. 35 secs. P.M., the 'Navahoe' at 10 hrs. 38 mins. 32 secs., 'Britannia' thus being winner on corrected time by 2-1/2 secs. Mr. Carroll protested that the judge's steamer was not in position, and that the difference between the vessels at the finish was not so much as 57 secs. A meeting of the Royal Yacht Squadron Sailing Committee was called, and it was decided to adjudge 'Navahoe' winner. It need hardly be said that this ruling was thought hard on 'Britannia' after such a grand race, and no explanation of the finding was forthcoming. It was understood that the owner of the 'Navahoe' would not agree to the match being re-sailed.