Six yachts competed in the race round the Red Buoy on Saturday, namely, the Undine Maid of Kent, Fairy, Lillie, Pinafore, and Phantom. The start, as usual, was crossing an imaginary'line from the Police Hulk to the Pootung Church spire on the lowering of the blue-poter: on the Police Hulk at twenty minutes past one o'clock, sailing down to the Red Buoy and back, and finishing on the starting line. The competing boats were handicapped aa follows:—The Undine, the winner of the last two races, though she did not obtain the prize last week, from circumstances recorded in- our columns at the time, started scratch, the Lillie and Pinafore had an allowance of seven minutes, the Fairy ten minutes, the Maid of Kent fifteen minutes, and the Phantom thirty minutes. They crossed the starting line in the following order Though the sun was very powerful, and the thermometer registered over ninety degrees in the shade, there was a nice breeze on the river; not sufficient, however, to send the boats, even with all sail set, booming along. Still the race
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